Gentherm

Q2 FY2026 EarningsQ2 FY26 revenue reached $416.2M, up 11.0% YoY, outperforming a 1.3% decline in key light vehicle production markets. Automotive revenue grew 11.3% to $404.8M, led by a 38.2% surge in Lumbar and Massage solutions. Gross margin contracted 70bps to 23.2% due to high labor costs and specific-cause warranty provisions. Net income rose significantly to $4.4M, aided by the absence of prior-year unrealized currency losses, while M&A expenses related to the $1B Modine Transaction impacted operating margins.