Filing Flows › Methode Electronics (MEI) › Q1 FY26
Methode Electronics (MEI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 9, 2025
Methode Electronics (MEI) reported revenue of $240M for the first quarter fiscal 2026 (Q1 FY26), -7% from a year earlier and -6% from the quarter before. Operating margin was 0.5%, net loss $10.3M (4.3% of revenue).
Methode Electronics, Q1 FY26: revenue $240M (-7% year over year), operating margin 0.5%, net loss $10.3M, operating cash flow $25.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $240M | -6% | -7% |
| Operating profit | $1.1M | — | — |
| Net earnings | −$10.3M | — | — |
| Operating cash flow | $25.1M | -29% | +130% |
| Free cash flow | $18.0M | — | — |
What changed
Revenue was $240.5M in Q1 FY26, down 7% year over year and down 6% from the previous quarter. Industrial was the largest line at 51% of revenue. Automotive lost $28.7M year over year (down 21%), 159% of the total change.
Gross margin was 18.1%, up 0.8 points from a year earlier. Operating profit was $1.1M, a 0.5% margin (up 3.4 points year over year). Operating expenses fell 19% while revenue fell 7%. The quarter ended with a net loss of $10.3M, narrower than the previous quarter's $28.3M loss. Net interest and other expense of $7.2M was the main reason.
Operating cash flow was $25.1M (up 130% year over year). Non-cash charges added back $14.9M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $19.3M. After purchases of property, plant and equipment ($7.1M), free cash flow as the company reports it was $18.0M.
Questions
What was Methode Electronics' revenue in the first quarter fiscal 2026?
Methode Electronics (MEI) reported revenue of $240M for the first quarter fiscal 2026 (Q1 FY26), -7% from a year earlier and -6% from the quarter before.
Was Methode Electronics profitable in the first quarter fiscal 2026?
Operating profit was $1.1M (0.5% of revenue) and net loss $10.3M.