Filing Flows › Gentherm (THRM) › Q1 2026
Gentherm (THRM) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
Gentherm (THRM) reported revenue of $394M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +3% from the quarter before. Operating margin was 2.9%, net earnings $4.2M (1.1% of revenue).
Gentherm, Q1 2026: revenue $394M (+11% year over year), operating margin 2.9%, net earnings $4.2M, operating cash flow −$5.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $394M | +3% | +11% |
| Gross profit | $97.2M | +7% | +12% |
| Operating profit | $11.3M | -37% | -34% |
| Net earnings | $4.2M | +41% | — |
| Operating cash flow | −$5.0M | -117% | — |
What changed
Revenue was $393.7M in Q1 2026, up 11% year over year and up 3% from the previous quarter.
Gross margin was 24.7%, up 0.3 points from Q1 2025. Operating profit was $11.3M, a 2.9% margin (down 2.0 points year over year). Operating profit fell $5.8M even though revenue rose $39.9M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 24% against revenue growth of 11%. The fastest-growing cost line was SG&A (+44%). Net earnings were $4.2M. The effective tax rate was 44.6%.
Operating cash flow was −$5.0M. Non-cash charges added back $14.2M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $26.2M. Capital expenditures of $5.7M exceeded it, leaving free cash flow of −$10.7M.
Questions
What was Gentherm's revenue in the first quarter 2026?
Gentherm (THRM) reported revenue of $394M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +3% from the quarter before.
Was Gentherm profitable in the first quarter 2026?
Operating profit was $11.3M (2.9% of revenue) and net earnings $4.2M.
Source: Gentherm 10-Q on SEC EDGAR.