Gentherm raises 2026 outlook, sees product revenue USD 1.55 billion-USD 1.65 billion

• Gentherm raised 2026 guidance on strong first-half results, forecasting product revenue of USD 1.55-1.65 billion, about 5% YoY growth ex-FX.
• Adjusted EBITDA outlook lifted to USD 185-200 million, about 12% of product revenue, implying roughly 30 bps margin expansion.
• Adjusted free cash flow expected at USD 85-100 million, with capex of USD 45-55 million trending toward the low end.
• Forecast assumes light vehicle production down about 3% in relevant markets, tariffs in effect, EUR/USD at 1.16, effective tax rate near 30%.
• Guidance excludes any impact from the planned combination with Modine Performance Technologies.

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