Gentex Corporation · NASDAQ:GNTX
Gentex — Q3 2026 Earnings Presentation
11 slides from Gentex's earnings presentation, Jul 24, 2026
Slide 1: Gentex Overview
GEN TE X OVE RVIEW 1 JULY 2 4 , 2 02 6
Slide 2: Safe Harbor for Forward Looking Statements
SAFE HARBOR FOR FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements contained in this communication that are not purely historical are forward-looking
Slide 3: 2026 Q3 Highlights
2026 Q3 HIGHLIGHTS • Net sales: $647.7 million Awarded our first printed circuit • Gross margin: 33.4% board assembly (“PCBA”) contract • Income from operations: with production expected in 2029 －GAAP $115.1 million －Non-GAAP: $118.8 million • Net income attributable to Gentex: －GAAP: $90.6 million
Slide 4: Guidance
2026 Approx $2.65B (Prev $2.65-2.75B) Revenue GUIDANCE* 34 – 34.5% (Prev 34.5 – 35.5%) Gross Margin** $395 – 410M (Prev $405 – 415M) Operating Expenses (E, R&D and S, G&A) (Excluding Severance and Impairments) 16 – 16.5% (Prev 16 – 17%) Annual Tax Rate $110 – 115M (Prev $115 – 125M) Capital Expendit
Slide 5: Return to Shareholders
In Q3, we bought back 5.7 million RETURN TO SHAREHOLDERS shares at an average price of $23.44 RETURN OF CAPITAL per share, totaling $132.6 million. $800.0 We have 24.3 million shares $708.2M remaining available for repurchase $700.0 under our previously announced $116.6 share repurchase plan. $600.0
Slide 6: Growth Through Features and Content, Not LVP
GROWTH THROUGH FEATURES AND CONTENT, NOT LVP 2017 95.1M Vehicles Globally 2025 93.1M Vehicles Globally 2026 91.6M Vehicles Globally* 28M China (29.4%) 33.1M China (35.6%) 31M China (33.8%)* $1.79B Revenue $2.53B Revenue Approx $2.65B Revenue** Global LVP Revenue vs. Light Vehicle Production Revenues
Slide 7: Market Share Is Not the Only Metric
MARKET SHARE IS NOT THE ONLY METRIC • Headwinds in volume due to China and EU 2023 31.7M IEC 2025 28.6M IEC vehicle pricing competition 18.8M OEC 16.2M OEC $2.3B Revenue $2.53B Revenue • Advanced feature mirrors drive revenue growth Mirror Volume Revenue (M) 60,000,000 $2,500 50,000,000 $2,000 40,00
Slide 8: Full Display Mirror Growth
FULL DISPLAY MIRROR GROWTH • Combines digital and traditional mirrors to enhance driver visibility and FDM Volume OEM profitability 3500000 3000000 • Industry-leading visibility solution 2500000 －3.19M units in 2025 (+7% from 2024) 2000000 －Visit www.fulldisplaymirror.com/about 1500000 1000000 to vi
Slide 9: Driver and In-Cabin Monitoring
DRIVER AND IN-CABIN MONITORING • Provides a scalable multi-function driver and cabin monitoring system to enable autonomous driving and enhance safety • Camera located in the mirror either behind the glass or below the glass – depending on other content • Launched with Rivian, Volvo, Polestar, Hyund
Slide 10: Advanced Electronic Manufacturing
ADVANCED ELECTRONIC MANUFACTURING • Increased interest from existing customers on US-focused electronics manufacturing and assembly • Vertically integrated to manufacture our own cameras and sensors, populate circuit boards • Gentex currently populates 40+ million PCBs annually • Macro- and geopolit
Slide 11: Morocco Manufacturing Facility
MOROCCO MANUFACTURING FACILITY • Increased interest from existing customers outside of US, focused on localizing supply chain • Defensive play with growth opportunities • Geopolitically influenced but not dependent • Similar to our operations in China, we will focus on final assembly, with auto-dimm