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…
Earnings analysis · 10-Q
CVGI earnings analysis
Filed August 3, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.25
- Gross margin
- 12.7%
What stood out
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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.
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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.
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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.
What to watch
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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.
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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.
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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.
Management's outlook
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.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.