Gates Industrial (GTES) reported second-quarter 2026 net sales of $941.6 million, up 6.6% from the prior-year period. Net income attributable to shareholders was $170.9 million, or $0.67 per diluted share.

The company reported adjusted EBITDA of $211.4 million and raised its full-year 2026 guidance for core sales growth, adjusted EBITDA and adjusted EPS.

• Second-quarter net sales were $941.6 million, including a core sales increase of 4.9%.
• Net income from continuing operations was $178.2 million, with a margin of 18.9%.
• Power Transmission net sales rose 7.0% to $588.5 million.
• Fluid Power net sales rose 5.8% to $353.1 million.
• Updated 2026 guidance calls for core sales growth of 2.5% to 4.5%, adjusted EBITDA of $800 million to $830 million, and adjusted EPS of $1.62 to $1.70.

$GTES Hedge Fund Activity

We have seen 186 institutional investors add shares of $GTES stock to their portfolio, and 179 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• LSV ASSET MANAGEMENT removed 2,153,762 shares (-84.6%) from their portfolio in Q1 2026, for an estimated $48,696,558
• CITADEL ADVISORS LLC added 1,763,901 shares (+228.6%) to their portfolio in Q1 2026, for an estimated $39,881,801
• POINT72 ASSET MANAGEMENT, L.P. removed 1,660,202 shares (-75.2%) from their portfolio in Q1 2026, for an estimated $37,537,167
• ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC removed 1,572,998 shares (-11.1%) from their portfolio in Q1 2026, for an estimated $35,565,484
• FMR LLC added 1,560,944 shares (+9.5%) to their portfolio in Q1 2026, for an estimated $35,292,943
• ADAGE CAPITAL PARTNERS GP, L.L.C. removed 1,529,557 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $34,583,283
• UBS GROUP AG removed 1,478,329 shares (-39.1%) from their portfolio in Q1 2026, for an estimated $33,425,018

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$GTES Congressional Stock Trading

Members of Congress have traded $GTES stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $GTES stock by members of Congress over the last 6 months:

• REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 03/03.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

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