GNTX

• Gross margin was 37.0%, up 280 basis points from Q2 2025, helped by $18 million of IEEPA tariff reimbursements.
• GAAP net income attributable to Gentex was $114.7 million, up 19% from $96.0 million in Q2 2025.
• GAAP earnings per diluted share were $0.54, up 26% from $0.43 in Q2 2025.
• The company updated 2026 guidance: gross margin 34.5%-35.5%, operating expenses $405-$415 million, tax rate 16%-17%, capex $115-$125 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• At the May 21, 2026 annual meeting, shareholders elected nine directors to one-year terms expiring in 2027.
• Shareholders ratified Ernst & Young LLP as independent auditor for fiscal year ending December 31, 2026, with 183,982,692 votes for.
• The advisory vote on named executive officer compensation passed with 167,822,852 votes for.
• The Gentex Corporation 2026 Omnibus Incentive Plan was approved with 149,753,126 votes for.

5.07 Submission of Matters to a Vote of Security Holders

• Consolidated gross margin was 33.8% in Q1 2026, compared to 33.2% in Q1 2025.
• Net income attributable to Gentex was $98.5 million, or $0.46 per diluted share, versus $94.9 million, or $0.42 per diluted share, in Q1 2025.
• The company repurchased 3.3 million shares for $71.6 million during the quarter.
• Full-year 2026 revenue guidance was raised to $2.65–$2.75 billion, with gross margin guidance unchanged at 34%–35%.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Fourth quarter 2025 consolidated gross margin was 34.8%; core Gentex gross margin was 35.5%, a 300 basis-point increase from Q4 2024.
• Fourth quarter 2025 consolidated net income attributable to Gentex was $93.0 million, or $0.43 per diluted share, compared to $87.7 million, or $0.39 per diluted share, in Q4 2024.
• Calendar year 2025 consolidated net sales were $2.53 billion, up 10% from $2.31 billion in 2024; consolidated net income attributable to Gentex was $384.8 million, or $1.74 per diluted share, versus $404.5 million, or $1.76 per diluted share, in 2024.
• The company issued 2026 guidance: revenue $2.60-$2.70 billion, gross margin 34%-35%, operating expenses $410-$420 million, and expects 2027 revenue between $2.75 and $2.85 billion.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Consolidated gross margin was 34.4%, up 90 basis points from Q3 2024; core Gentex gross margin was 34.9%, up 140 basis points.
• Consolidated net income attributable to Gentex was $101.0 million, with diluted EPS of $0.46.
• The company repurchased 1.0 million shares for $28.3 million during the quarter.
• Full-year 2025 guidance updated: consolidated revenue $2.50–$2.60 billion, gross margin 33.5%–34%.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Consolidated net income attributable to Gentex was $96.0 million, up 12% from $86.0 million in Q2 2024.
• Consolidated earnings per diluted share were $0.43, up 16% from $0.37 in Q2 2024; adjusted EPS was $0.47.
• Consolidated gross margin was 34.2%, up 130 basis points from Q2 2024; core Gentex gross margin was 35.3%.
• Full-year 2025 consolidated revenue guidance raised to $2.44–$2.61 billion, with gross margin guidance of 33%–34%.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Gentex Corporation held its 2025 Annual Meeting of Shareholders on May 15, 2025.
• Shareholders ratified the appointment of Ernst & Young LLP as the company's auditors for fiscal year ending December 31, 2025, with 197,708,727 votes for.
• The advisory vote on named executive officer compensation was approved with 177,542,868 votes for.
• The report was filed under Item 5.07 to disclose the voting results of these shareholder proposals.

5.07 Submission of Matters to a Vote of Security Holders

• Gross margin was 33.2%, down from 34.3% in Q1 2024 but up 70 basis points sequentially.
• Net income was $94.9 million, down from $108.2 million in Q1 2024; diluted EPS was $0.42, down 11%.
• Company repurchased 3.1 million shares at an average price of $24.52 per share during the quarter.
• 2025 guidance revised: primary markets revenue lowered to $2.10-$2.2 billion, gross margin to 33%-34%; 2026 revenue guidance withdrawn.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits