Sensata Technologies Q2 results beat estimates on revenue growth, margin gains

Overview

• Industrial sensor maker's Q2 revenue rose 5% yr/yr, beating analyst expectations

• Q2 adjusted EPS increased 13% yr/yr, beating analyst expectations

• Company completed $400 mln cash tender offer to retire long-term debt

Outlook

• Sensata expects Q3 revenue of $957 mln to $987 mln, including tariff recovery

• Company sees Q3 adjusted EPS between $0.93 and $0.97

• Sensata says Q3 guidance excludes expected payments from a customer program termination

Result Drivers

• SEGMENT GROWTH - Automotive and Aerospace, Defense, and Commercial Equipment segments posted higher revenue and operating income compared to prior year

• STRATEGY EXECUTION - CEO said results reflect successful execution of company strategy

Company press release: ID:nBwbW8Mba

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electronic equipment & parts peer group is "buy."

• Wall Street's median 12-month price target for Sensata Technologies Holding PLC is $49.00, about 4.9% above its July 28 closing price of $46.73

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads

• July 29 - Littelfuse Q2 revenue beats estimates on semiconductor demand; lifts dividend

• July 28 - CTS Corp Q2 revenue rises on transportation sales; lifts 2026 outlook

• July 29 - Industrial products maker Fortive lifts profit view on strong automation business

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.)