Stoneridge Q2 revenue rises on record MirrorEye sales

Stoneridge

05/08/2026 22:13

Overview
Vehicle electronics supplier's Q2 revenue grew 15% yr/yr, driven by North America and Brazil
Net loss from continuing operations narrowed to $5.3 mln from $11.1 mln yr/yr
Adjusted EBITDA improved to $5.5 mln, best quarterly performance in 24 months

Outlook
Stoneridge reaffirms 2026 revenue guidance of $645 mln to $670 mln
Company maintains 2026 adjusted EBITDA forecast of $20 mln to $25 mln, or 3.1%-3.7% margin
Stoneridge expects 2026 adjusted gross margin of 21.5% to 22.0%

Result Drivers
MIRROREYE SALES - Record MirrorEye sales rose 39% yr/yr, contributing to overall revenue growth
BRAZIL OEM SHIFT - Strategic shift to high-value OEM programs in Brazil drove sales and operating income growth
COST CONTROL INITIATIVES - Expense control and operational efficiencies improved profitability, per CEO Natalia Noblet

Company press release: ID:nPn6gVKtca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
$181.4 mln
 
Q2 Loss Per Share
 
$0.19
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."

Reuters Recommended Reads
Aug 4 - Aptiv cuts 2026 sales forecast on weak China demand, delays at customers 
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Aug 4 - Austria's ams OSRAM Q2 revenue up 4% on semiconductor portfolio growth

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(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.)