Gentherm Inc. (THRM) Secures $2.2B in New Automotive Awards

Gentherm Incorporated (NASDAQ:THRM) is one of the best EV stocks to buy according to analysts. On February 19, Gentherm announced financial results for 2025, achieving a record annual product revenue of $1.5 billion. The company secured $2.2 billion in automotive new business awards and increased its operating cash flow by 7% to $116.8 million. The company is progressing on strategic initiatives like a planned combination with Modine Performance Technologies, expected to close by the end of 2026.

In Q4 alone, product revenues rose 8.5% year-over-year to $382.8 million, driven by an 11.1% increase in Automotive Climate and Comfort Solutions. However, net income fell to $3.0 million from $15.3 million in the previous year, and gross margin declined to 23.7% due to higher material costs and footprint realignment expenses. During this period, the company secured $485 million in new automotive awards and was selected by a second global furniture brand to provide comfort solutions starting in mid-2026. Adjusted diluted EPS for the quarter was $0.49, compared to $0.29 in the prior year.

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Gentherm Incorporated (NASDAQ:THRM) established its 2026 guidance with expected product revenues between $1.5 billion and $1.6 billion and Adjusted EBITDA ranging from $175 million to $195 million. The company also provided a preliminary revenue outlook for 2027 of approximately $1.7 billion. These projections are based on current customer orders, existing tariffs, and a forecast of a low single-digit decrease in light vehicle production for 2026.

Gentherm Incorporated (NASDAQ:THRM) designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the US, China, Germany, the Czech Republic, South Korea, Mexico, Slovakia, Romania, Japan, the UK, and internationally.

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