| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 233.70 | 5.3% | 2.6% |
| Total Income | 233.70 | 5.3% | 2.6% |
| Expenditure | 239.80 | 1.7% | 0.9% |
| PBT | -13.10 | 211.9% | 59.8% |
| Net Profit | -15.90 | 60.6% | 10.4% |
| OPM | -2.61% | 3.78pp | 1.69pp |
| NPM | -6.80% | 2.79pp | 0.80pp |
| EPS | -0.45 | 60.7% | 9.8% |
Methode Electronics Reports Q3 FY26 Net Sales of $233.7 Million
04 May 2026 · 4 May, 12:42 am
Summary
Methode Electronics, Inc. reported a decrease in net sales for the third quarter of fiscal 2026, with $233.7 million compared to $239.9 million in the same quarter of the previous year. The company experienced a net loss of $15.9 million, slightly higher than the $14.4 million loss in the prior year. Adjusted EBITDA also decreased to $7.3 million from $12.3 million. The company has revised its full-year fiscal 2026 net sales guidance to $950 million to $1 billion and lowered its Adjusted EBITDA guidance to $58 to $62 million. Subsequent to the quarter's end, Methode finalized the sale of its dataMate business.
Key Highlights
- 1
Methode's net sales were $233.7 million, a decrease of 2.6% compared to $239.9 million in the same quarter of fiscal 2025.
- 2
The company reported a net loss of $15.9 million, or $0.45 per diluted share, compared to a net loss of $14.4 million, or $0.41 per diluted share, in the same quarter of fiscal 2025.
- 3
Adjusted EBITDA was $7.3 million, compared to $12.3 million in the same quarter of fiscal 2025.
- 4
Net cash provided by operating activities was $15.4 million for the quarter, compared to $28.1 million in the same quarter of fiscal 2025.
- 5
The company narrowed its fiscal 2026 full year net sales guidance to a range of $950 million to $1 billion.
- 6
Adjusted EBITDA guidance for fiscal year 2026 was lowered to a range of $58 to $62 million.
- 7
Subsequent to quarter-end, Methode closed on the sale of dataMate business for a purchase price of $16 million.
Management Comments
Jon DeGaynor
We continue to make progress in our transformation journey, a multi-year effort to align our portfolio, refine our organization, optimize our footprint, and strengthen operational discipline. During the quarter, we finalized an agreement for the sale of our Harwood Heights facility and subsequent to the quarter-end, we completed the sale of dataMate, our copper transceiver business. These actions are tangible proof points of our commitment to simplify the organization, improve our cost structure, and sharpen our focus on key growth strategies, particularly in the area of power solutions. Third quarter results were impacted by industry-wide disruptions within our Automotive segment, near-term effects from structural transformation actions, and continued challenges in our Mexico operations. These impacts were partially offset by favorable foreign exchange and strong Industrial segment performance. While market conditions remain dynamic and there is more work ahead, we are committed to executing deliberate, disciplined actions to strengthen Methode and position the Company for improved long-term performance.
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