Gentherm raises 2026 guidance as Q2 product revenue hits record $416 million
Gentherm reported second-quarter 2026 product revenue of $416.2 million, up 11.0% from a year earlier, and raised its full-year 2026 guidance. The board also approved a new $400 million stock repurchase program over three years, effective July 27, 2026, replacing the 2024 program, which had $110.1 million remaining. Gross margin fell to 23.2% from 23.9%, and operating cash flow dropped to $2.3 million from $31.7 million.
Key points
- Q2 product revenue $416.2 million, up 11.0%; up 9.5% excluding currency effects
- Adjusted diluted EPS $0.75 versus $0.54; GAAP diluted EPS $0.14 versus $0.02
- 2026 product revenue guidance raised to $1.55 billion to $1.65 billion from $1.5 billion to $1.6 billion; adjusted EBITDA raised to $185 million to $200 million from $175 million to $195 million
- New $400 million repurchase program over three years, effective July 27, 2026; replaces 2024 program with $110.1 million remaining
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:58 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.