Commercial Vehicle Group Q2 revenue beats estimates; 2026 outlook lifted

Commercial Vehicle

03/08/2026 21:59

Overview
US vehicle systems supplier's Q2 revenue rose 13.5%, beating analyst expectations
Company raised full-year 2026 revenue and adjusted EBITDA guidance

Outlook
CVG raises 2026 revenue outlook to $725 mln-$755 mln from $660 mln-$700 mln
Company lifts 2026 adjusted EBITDA guidance to $26 mln-$31 mln from $24 mln-$30 mln
CVG expects positive free cash flow for full-year 2026

Result Drivers
INCREASED CUSTOMER DEMAND - Co said revenue growth was driven by higher customer demand across all three segments, especially in international markets
NEW BUSINESS RAMP - Co cited ramp-up of new business wins, including in wiper systems and the Zoox robotaxi program, as supporting segment growth
OPERATIONAL EFFICIENCY - Gross margin expansion attributed to operational efficiency improvements and footprint rationalization initiatives

Company press release: ID:nGNXbFM7NM

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$195.20 mln
$172.75 mln (3 Analysts)
Q2 Adjusted Loss Per Share From Contops
 
$0.13
 
Q2 Adjusted EBITDA
Miss
$5.40 mln
$6 mln (3 Analysts)
Q2 Adjusted Gross Margin
 
12.90%
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."
Wall Street's median 12-month price target for Commercial Vehicle Group Inc is $7.00, about 54.5% above its July 31 closing price of $4.53

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)