Methode Electronics reports Q3 net loss of $15.9M; lowers FY26 adjusted EBITDA guidance to $58-62M

METHODE ELECTRONICS INC

2026-Q3 EPS reported -$1.02 revenue$721,100,000

Net sales $233.7M (-2.6% YoY); net loss $15.9M (-$0.45) vs loss $14.4M (-$0.41).
Adjusted net loss $13.1M (-$0.37) vs $7.2M (-$0.21); adjusted EBITDA $7.3M (3.1% margin).
Automotive segment sales $106.2M (-8.2%); loss from operations $12.7M vs $9.0M.
Industrial segment sales $122.5M (+9.5%); income from ops $25.2M.
FY26 guidance: net sales $950M-$1B (narrowed); adjusted EBITDA $58-62M (lowered). Sold dataMate for $16M post-quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

METHODE ELECTRONICS INC reported third quarter of fiscal 2026 ended January 31, 2026 results: revenue $233.7 million, net income Net loss was $15.9 million, EPS $0.45 per diluted share. Guidance lowered.

Period: third quarter of fiscal 2026 ended January 31, 2026
Revenue: $233.7 million
Net income: Net loss was $15.9 million
EPS: $0.45 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

--- EX-99.1 Exhibit 99.1 Methode Electronics, Inc. Reports Fiscal 2026 Third Quarter Financial Results Progress on transformation amid mixed market conditions • Net sales of $233.7 million, down 2.6% year-over-year • Net loss of $15.9 million or 6.8% of net sales; adjusted EBITDA margin of 3.1% • Narrowed FY26 Sales guidance, lowered adjusted EBITDA guidance to $58

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Source: SEC EDGAR

accession 0000065270-26-000005

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