Sensata Q2 2021 Earnings Report
Key Takeaways
Sensata Technologies reported record quarterly revenues of $992.7 million, a 72.2% increase compared to the second quarter of 2020. The company's adjusted EPS was $0.95, a 427.8% increase year-over-year. Sensata is updating its full year 2021 revenue guidance to $3,770 to $3,840 million and expects adjusted EPS of $3.42 to $3.62.
Record quarterly revenues driven by strong growth in automotive, heavy vehicle, and industrial markets.
Revenue growth significantly outpaced the automotive and heavy vehicle markets.
Adapted to evolving market conditions, delivering strong financial results despite component shortages.
Executed well on long-term growth strategy with substantial business wins in Sensata Insights and Electrification.
Sensata
Sensata
Sensata Revenue by Segment
Forward Guidance
For the third quarter of 2021, Sensata expects revenue of $920 to $950 million and adjusted EPS of $0.82 to $0.88. For the full year 2021, the company is updating its revenue guidance to $3,770 to $3,840 million and expects adjusted EPS of $3.42 to $3.62.
Revenue & Expenses
Visualization of income flow from segment revenue to net income