ZEELAND, Mich., April 24, 2026 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, fire protection technologies, medical devices, and consumer electronics, today reported financial results for the three months ended March 31, 2026. First Quarter 2026 Highlights Financial Summary For the first quarter of 2026, the Company reported consolidated net sales of $675.4 million, a 17% increase compared to net sales of $576.8 million in the first quarter of 2025, which did not include VOXX International Corporation ("VOXX"). During the first quarter of 2026, VOXX contributed $88.6 million of revenue, while core Gentex revenue totaled $586.8 million, representing a 2% quarter-over-quarter increase despite global light vehicle production that was down over 3% compared to the first quarter of 2025. “Core Gentex revenue growth in the quarter was driven by advanced feature strength in several regions that helped offset lower light vehicle production and continuing unit volume headwinds. As an example, North American revenue increased approximately 6% year‑over‑year despite a 2% decline in light vehicle production in that region compared to the first quarter of 2025. This outperformance was driven primarily by continued growth and penetration of Full Display Mirror ("FDM") shipments. In Europe, Japan, and Korea, auto-dimming mirror unit shipments declined approximately 8% quarter‑over‑quarter; however, revenue for these combined regions declined only 2%, reflecting a favorable shift in product mix, driven by the successful launch and ramp of one of our key In-Cabin-Monitoring-System ("ICMS") platforms in Europe and continued growth of FDM. In China, revenue in the first quarter of 2026 totaled approximately $28 million, a 29% decline quarter-over-quarter, reflecting the ongoing impact of tariffs and counter‑tariff actions on our China business. Given the difficult market conditions for many of our customers, the Company’s revenue growth continues to be driven by
Gentex Reports First Quarter 2026 Financial Results | Markets Insider
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