Gentherm Incorporated (THRM) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Gentherm published the results on October 22, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Gentherm reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Gentherm completed its combination with Modine's Performance Technologies business on October 1, 2026, after the quarter ended, so Q3 2026 does not include it. Modine shareholders received 23,735,961 Gentherm shares, about 43.62% of the combined company.
• Automotive Climate and Comfort Solutions also includes Climate Control Interiors and Climate and Comfort Electronics, not shown separately. Gentherm reports in thousands; figures here are in millions.

Source: Gentherm Q3 2026 results, October 22, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Gentherm splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Gentherm's Automotive revenue was $391 million in Q3 2026, up 4% from $374 million in Q3 2025, 96% of total revenue.
• Gentherm's Medical revenue was $14.5 million in Q3 2026, up 15% from $12.7 million in Q3 2025, 4% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Gentherm gives its guidance in a table. As of October 2026 it guides product revenues of $1.825B to $1.925B, adjusted EBITDA of $210M to $230M and adjusted free cash flow of $100M to $120M, up from $1.55B to $1.65B, $185M to $200M and $85M to $100M in July 2026.

In its Q3 2026 release, Gentherm said:

“The Company updated its full year 2026 guidance to reflect the expected contribution from Modine Performance Technologies in the fourth quarter”

“2026 guidance based on tariffs currently in effect as of today, our current forecast of customer demand and expectations of near-term conditions, light vehicle production in our relevant markets decreasing at a low single digit rate for full year 2026 versus 2025, and a EUR to USD exchange rate of $1.15/Euro.”

Source: Gentherm Q3 2026 release, Oct 22, 2026.

This is the company's own guidance as of Oct 22, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the THRM forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Product revenues and GAAP diluted (loss) earnings per share, each as first reported in that quarter's release. None of these quarters includes Modine Performance Technologies, which joined on October 1, 2026.

We do not hold a confirmed date for Gentherm's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 22, 2026

Gentherm sells thermal, comfort and valve products mostly to the auto industry. In Q3 2026 its Automotive segment brought in $390.6 million of the $405.1 million in product revenues, and the Medical segment $14.5 million, up 14.6%. Total product revenues rose 4.7%, or 4.4% excluding foreign currency translation. (Gentherm Q3 2026 release, Oct 22, 2026)

Gentherm's growth came from Automotive Climate and Comfort Solutions, up 8.8% to $346.4 million, which Gentherm said outperformed light vehicle production in its relevant markets by 12 percentage points. Within it, Climate Control Seats rose 7.1% to $215.6 million and Lumbar and Massage Comfort Solutions rose 27.1% to $70.9 million, while Climate Control Interiors fell 1.3%. (Gentherm Q3 2026 release, Oct 22, 2026)

Gentherm's Valve Systems revenue fell 11.8% to $21.6 million and Other Automotive fell 28.0% to $22.6 million, so the Automotive segment as a whole grew 4.4%. Gentherm secured automotive new business awards of $555 million in the quarter. (Gentherm Q3 2026 release, Oct 22, 2026)

Gentherm sells largely through seat makers. In 2025 its two largest customers, Lear and Adient, accounted for $234 million and $164 million of product revenues, 16% and 11%, and Gentherm says those sales are of its climate and comfort solutions. Gross margin fell to 23.3% from 24.6%, which Gentherm attributed mainly to foreign exchange, higher net material costs and inflation. (Gentherm Form 10-K, 2025, Feb 19, 2026; Gentherm Q3 2026 release, Oct 22, 2026)

Gentherm reported a GAAP net loss of $2.6 million, or $(0.08) per diluted share, in Q3 2026, against net income of $14.9 million, or $0.49, a year earlier. Adjusted net income was $10.0 million, or $0.33 per diluted share, against $0.73. Adjusted figures exclude $6.5 million of merger and acquisition expenses tied to the Modine transaction, $4.8 million of restructuring expenses, amortization of acquisition-related intangibles of $2.4 million and unrealized currency losses. (Gentherm Q3 2026 release, Oct 22, 2026)

Gentherm recorded $13.4 million of income tax expense on earnings before tax of $10.8 million, an effective tax rate of 123.9%, against 28.4% a year earlier. Gentherm said the rate differed from the 21.0% U.S. statutory rate mainly because of foreign earnings taxed at different rates and the unfavorable tax treatment of costs incurred for the Modine transaction. (Gentherm Form 10-Q, Q3 2026, Oct 22, 2026; Gentherm Q3 2026 release, Oct 22, 2026)

Gentherm's operating income fell to $14.4 million from $23.9 million as selling, general and administrative expenses rose to $51.6 million from $42.9 million. Diluted shares were 30,672 thousand. After the Modine closing, Gentherm paid a special cash dividend of $2.07 per share ($63.5 million) on October 7 and repurchased $60 million of stock, leaving about $340 million under its $400 million authorization. (Gentherm Q3 2026 release, Oct 22, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Gentherm gives full-year guidance in its release. With Q3 2026 it raised full-year 2026 guidance to include Modine Performance Technologies from the fourth quarter: product revenues of $1.825B to $1.925B (from $1.55B to $1.65B), adjusted EBITDA of $210M to $230M (from $185M to $200M) and adjusted free cash flow of $100M to $120M (from $85M to $100M). (Gentherm Q3 2026 release, Oct 22, 2026)

Gentherm's guidance assumes tariffs in effect as of October 22, 2026, light vehicle production in its relevant markets falling at a low single digit rate in 2026, and a euro exchange rate of $1.15. Product revenues were $1,215.0 million for the first nine months of 2026, up 8.9%. (Gentherm Q3 2026 release, Oct 22, 2026)

A consensus figure is the average of the models published by the analysts who cover Gentherm, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Gentherm's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning THRM is on is THRM a buy or a sell?, what analysts expect next is on the THRM forecast, and what the company does is on the Gentherm Incorporated (THRM) stock page.

Every number on this page can be traced to a document Gentherm published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.