---
title: "Gentherm Posts Q3 Loss as Revenue Grows at Novi Company"
url: https://www.herenovi.com/2026/10/23/gentherm-third-quarter-2026-results-novi/
date: 2026-10-23T05:48:02-04:00
modified: 2026-10-23T05:48:02-04:00
author: "Dashiell Vidal"
categories: ["Business"]
site: "HERE Novi"
attribution: "HERE Novi"
---

# Gentherm Posts Q3 Loss as Revenue Grows at Novi Company

> NOVI, Mich. — Gentherm, the Novi auto supplier best known for heated and cooled car seats, swung to a third-quarter loss even as sales climbed, the company reported Thursday. The company lost $2.6 million, or 8 cents a share, in the three months that ended Sept. 30. A year earlier it earned $14.9 million. Stripping

*Source: [HERE Novi](https://www.herenovi.com/2026/10/23/gentherm-third-quarter-2026-results-novi/) — October 23, 2026 by Dashiell Vidal*

NOVI, Mich. — Gentherm, the Novi auto supplier best known for heated and cooled car seats, swung to a third-quarter loss even as sales climbed, the company reported Thursday.

The company lost $2.6 million, or 8 cents a share, in the three months that ended Sept. 30. A year earlier it earned $14.9 million. Stripping out one-time items, it earned 33 cents a share, below the 66 cents analysts had been looking for.

Sales came in at $405.1 million, a 4.7% gain from $386.9 million, and slightly ahead of forecasts. Gross margin slipped to 23.3% from 24.6%, which the company tied mostly to currency swings, costlier materials and inflation.

The quarter is the last before Gentherm folded in Modine’s Performance Technologies business, a deal that closed Oct. 1. Since then, the company has spent $60 million buying back its own stock.

Gentherm also booked $555 million in new automotive business during the quarter and now expects full-year revenue between $1.83 billion and $1.93 billion.