CVGI earnings analysis
What we found in CVGI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
CVG posted strong top-line momentum in Q2, with revenue of $195.238 million above both Q1 2026 revenue of $171 million and Q2 2025 revenue of $172 million, while gross margin expanded to 12.7%. However, profitability remained mixed: GAAP EPS was negative $0.25 and adjusted EPS of negative $0.13 missed the negative $0.05 consensus estimate. The provided 10-Q text does not contain segment revenue, balance-sheet, cash-flow, or MD&A outlook detail, so those areas cannot be quantified from the supplied filing extract.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue accelerated to $195.2 million
- Q2 revenue was $195.238 million, up from $171 million in Q1 2026 and $172 million in Q2 2025. Revenue also exceeded the $171.607 million consensus estimate by $23.631 million.
- Gross margin expanded materially
- Gross margin reached 12.7%, versus 11.6% in Q1 2026 and 11.4% in Q2 2025—an improvement of 110 basis points sequentially and 130 basis points year over year using the reported quarterly figures.
- Year-over-year adjusted EPS improved
- Adjusted EPS of negative $0.13 improved by $0.01 from negative $0.14 in Q2 2025, although it reversed from positive $0.03 in Q1 2026. GAAP EPS was negative $0.25.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- EPS missed despite revenue beat
- Adjusted EPS of negative $0.13 was $0.08 below the negative $0.05 consensus estimate, despite revenue of $195.238 million exceeding the $171.607 million estimate.
- GAAP loss exceeded adjusted loss
- GAAP EPS was negative $0.25, compared with adjusted EPS of negative $0.13, a $0.12 per-share difference. This limits the quality of the reported adjusted-profit improvement.
- No specific risk-factor update
- No new or amended risk factors were provided in Item 1A. The filing instead directs investors to the 2025 Form 10-K and filings since December 31, 2025, leaving risk-factor changes versus the prior annual filing undisclosed in this 10-Q extract.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.25
- Gross margin
- 12.7%
What they said about what is next.
The supplied 10-Q extract does not include MD&A or a quantitative company outlook. Numeric FY2026 revenue and EBITDA outlook was disclosed separately in the August 3 earnings release, rather than in the provided 10-Q text.
The filing reads about the same as the one before it.
What came before.
- 10-Q · May 5, 2026
- Commercial Vehicle Group, Inc. (CVGI) reported Q1 2026 revenues of $171.5 million and a diluted EPS of $0.03, significantly exceeding consensus estimates of $160 million in revenue and -$0.14 EPS. The company has…
- 10-K · March 10, 2026
- CVG completed a strategic reorganization into three reportable segments (Global Seating, Global Electrical Systems, Trim Systems and Components) during the quarter ended March 31, 2025 and maintains a broad global…
- 10-Q · May 6, 2025
- Commercial Vehicle Group reported revenue of $169.8M and gross profit of $17.8M for the quarter ended March 31, 2025, with operating income of $1.4M but a net loss of $4.312M (diluted EPS -$0.12). The company generated…
- 10-Q · November 4, 2024
- Commercial Vehicle Group reported Q3 revenue of $171.8M, down 15.3% year-over-year, with gross margin compressing to ~9.6% and an operating loss of $1.06M (versus operating income $8.92M a year ago). Continuing…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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