Gentherm Incorporated Earnings Recaps
Q2 2026
Jul 27, 2026
The stock surged 18.4% as Gentherm delivered better-than-expected revenue growth and new business awards, while raising full-year guidance and demonstrating successful expansion beyond automotive.
Key takeaways
- Product revenue hit a quarterly record of $416 million, driven by growth in Automotive Climate and Comfort Solutions that outpaced light vehicle production.
- Secured approximately $690 million in Automotive New Business Awards in Q2, contributing to a robust $1 billion-plus year-to-date total.
- Raised full-year 2026 guidance, reflecting confidence in continued solid performance despite macroeconomic and geopolitical uncertainties.
- Expanded beyond automotive with new customers in home and office furniture markets, targeting $50 million to $100 million in revenue by 2028.
- Completed acquisition of Innovative Medical Equipment, strengthening medical product portfolio and enabling cross-selling in Veterans Administration hospitals.
Q3 2025
Oct 24, 2025
Gentherm delivered a record quarterly revenue of $387 million in Q3 2025, driven by strong demand and strategic wins, further strengthening its position in the automotive comfort solutions market.
Key takeaways
- Secured $745 million in new Automotive business awards, achieving a total of $1.8 billion year-to-date, positioning for over $2 billion by year-end.
- Notable contract win with Mercedes-Benz for lumbar and massage systems, expected to double annual revenue from this customer post-production.
- Strong performance in key markets, particularly China, with Climate and Comfort Solutions outperforming vehicle production expectations by 160 basis points excluding FX.
- Ongoing operational excellence initiatives generated robust year-to-date operating cash flow of $88 million.
- Strategic expansion into adjacent markets such as furniture, leveraging automotive technology to create faster development cycles and enhanced cash flows.
Q2 2025
Jul 25, 2025
Gentherm reported solid Q2 2025 results, with a significant uptick in adjusted EBITDA margins and $600 million in new automotive business awards, positioning the company for continued growth.
Key takeaways
- Achieved an adjusted EBITDA margin improvement of over 100 basis points compared to Q1.
- Secured $600 million in new automotive business awards in Q2, totaling $1 billion year-to-date.
- Significant contract with Ford for F-Series platforms, establishing Gentherm as a full comfort solution provider.
- Domestic OEMs accounted for 70% of new awards in China, reflecting a shift in customer mix strategy.
- Pneumatic, lumbar, and massage product lines to grow from $175 million to over $300 million by 2027, driven by increasing adoption and new contracts.