MEI METHODE ELECTRONICS INC
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Executive Summary
Methode Electronics reported mixed Q3 FY2026 results with revenue down 2.6% year-over-year to $233.7 million, driven by declines in Automotive and Interface segments. The company narrowed sales guidance but lowered adjusted EBITDA guidance to $58–62 million, reflecting ongoing transformation challenges. It also completed the sale of its dataMate business for $16 million.
Key Financial Metrics
Actionable Insight
Monitor upcoming earnings for signs of stabilization in the Automotive segment and progress on cost transformation; the lowered EBITDA guidance suggests near-term margin pressure will persist.
Key Facts
- Q3 revenue of $233.7M, down 2.6% YoY
- Net loss of $15.9M vs. $14.4M loss in prior year
- Adjusted EBITDA guidance lowered to $58–62M
- Completed sale of dataMate business for $16M
- Automotive segment sales down 8.2% YoY to $106.2M
Financial Impact
Revenue declined 2.6% YoY, adjusted EBITDA guidance cut by ~15% from prior midpoint
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Automotive | $106.2M | -8.2% |
| Industrial | $122.5M | +9.5% |
| Interface | $5.0M | -59.4% |
Risk Factors
- Continued weakness in electric vehicle demand impacting Automotive segment
- Execution risk in ongoing transformation and restructuring efforts
- Increased debt levels rising to $340.9M
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000065270-26-000005 |
| Document: mei-20260305.htm | 0000065270-26-000005 |
| Document: 0000065270-26-000005-index-headers.html | 0000065270-26-000005 |
| Document: 0000065270-26-000005-index.html | 0000065270-26-000005 |
| Document: 0000065270-26-000005.txt | 0000065270-26-000005 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Mar 18, 2026
11w ago
|
Press Release
| $5.27 $7.19 | ▲ +36.37% | ▲ +28.75% | $10.63 (+101.62%) |
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Mar 5, 2026
13w ago
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8-K
| $6.61 $5.73 | ▲ +13.36% | ▲ +11.32% | $10.63 (−60.75%) |
|
Mar 5, 2026
13w ago
|
Press Release
| $6.61 $5.73 | ▲ +13.36% | ▲ +11.32% | $10.63 (−60.75%) |
US Market Status
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