earnings
confidence high
sentiment negative
materiality 0.70
Key Tronic Q4 revenue $102.0M up 14% sequentially; operating margin -3.6% on $8.4M write-off
KEY TRONIC CORP
- Q4 FY2026 revenue $102.0M, +14% sequentially from $89.6M but down from $110.5M in Q4 FY2025; FY2026 revenue $386.7M vs $467.9M
- Gross margin 7.8% (8.3% adjusted) vs 6.2% YoY; operating margin -3.6% vs -2.1% YoY, hit by $8.4M receivables write-off and legal costs
- Vietnam production more than doubled sequentially on medical device and consumer programs; supply-chain financing delayed ~$10M of Q4 shipments
- $5.3M insurance recovery partially offset Mississippi roof replacement costs; new program wins expected to drive FY2027 revenue growth
- Company evaluating additional sources of capital amid tightening credit availability and liquidity pressures across the global EMS supply chain