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Gentherm (THRM) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 22, 2026 · Gentherm (THRM) Q3 2026 earnings results →
Q3 2026 Revenue up 5% year over year to $405M · 1¢ of every $1 of revenue lost · operating margin 3.5%
Gentherm made $405M in Q3 2026 (+5% Y/Y). Operating margin 3.5%, net loss $2.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 22, 2026.
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What changed this quarter
Revenue was $405.1M in Q3 2026, up 5% year over year and down 3% from the previous quarter.
Gross margin was 23.3%, down 1.3 points from Q3 2025. Operating profit was $14.4M, a 3.5% margin (down 2.6 points year over year). Operating profit fell $9.5M even though revenue rose $18.2M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 12% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+21%). The quarter ended with a net loss of $2.6M, after a profit of $4.4M the previous quarter. Net interest and other expense of $3.5M was the main reason.
Operating cash flow was $33.7M (down 40% year over year). Non-cash charges added back $15.5M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $17.9M. After purchases of property and equipment, net ($8.3M), free cash flow as the company reports it was $25.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 22, 2026 | $405M | +5% | 3.5% | −$2.6M | $33.7M |
| Q2 2026 | 10-Q | Jul 23, 2026 | $416M | +11% | 2.6% | $4.4M | $7.3M |
| Q1 2026 | 10-Q | Apr 23, 2026 | $394M | +11% | 2.9% | $4.2M | −$5.0M |
| Q4 2025 | 10-K | Feb 19, 2026 | $383M | +8% | 4.6% | $3.0M | $29.0M |
| Q3 2025 | 10-Q | Oct 23, 2025 | $387M | +4% | 6.2% | $14.9M | $56.1M |
| Q2 2025 | 10-Q | Jul 24, 2025 | $375M | -0.2% | 6.4% | $477K | $45.0M |
| Q1 2025 | 10-Q | Apr 24, 2025 | $354M | -0.6% | 4.8% | −$128K | −$13.3M |
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Customers and suppliers named in filings
Sells to
- LEA — 16% of its revenue · Stated in 10-K (sentence) · source
- Volkswagen — 12% of its revenue · Stated in 10-K (sentence) · source
- GM — 11% of its revenue · Stated in 10-K (name in text, share from XBRL) · source
About Gentherm
Gentherm (NASDAQ: THRM) is a global leader of innovative thermal and precision flow management technologies. The Company brings together industry leading products from Gentherm’s climate, comfort and valves businesses serving the light vehicle, medical, and home and office markets, with Modine’s highly engineered, mission-critical thermal solutions serving commercial vehicle, off-highway equipment, light vehicle and power generation markets. Gentherm has more than 18,000 employees in facilities across 17 countries. For more information, go to www.gentherm.com .
In its own words, from its 8-K, filed Oct 22, 2026.
Gentherm against its Motor Vehicle Parts & Accessories peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +2%. Operating margin: 3.5% against the peers' median 4.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| THRM Gentherm | Q3 2026 | $405M | +5% | 3.5% |
| LEA Lear | Q3 2026 | $5.8B | +2% | 3.4% |
| ADNT Adient | Q4 FY26 | $3.7B | +1% | -0.1% |
| BWA Borgwarner | Q3 2026 | $3.5B | -3% | 8.7% |
| APTV Aptiv | Q3 2026 | $3.2B | +2% | 8.8% |
| DCH Dauch | Q3 2026 | $2.9B | +93% | 2.5% |
| ALV Autoliv | Q3 2026 | $2.7B | -0.5% | 9.4% |
| VGNT Versigent | Q3 2026 | $2.5B | +7% | 7.6% |
| DAN Dana | Q3 2026 | $2.0B | +6% | 4.5% |
Source: Gentherm 10-Q on SEC EDGAR · CIK 903129 · Motor Vehicle Parts & Accessories
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More on THRM
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results