Filing Flows › Methode Electronics (MEI) › Q1 FY27
Methode Electronics (MEI) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 2, 2026
Methode Electronics (MEI) reported revenue of $265M for the first quarter fiscal 2027 (Q1 FY27), +10% from a year earlier and -11% from the quarter before. Operating margin was -1.5%, net loss $11.4M (4.3% of revenue).
Methode Electronics, Q1 FY27: revenue $265M (+10% year over year), operating margin -1.5%, net loss $11.4M, operating cash flow −$7.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $265M | -11% | +10% |
| Operating profit | −$3.9M | -136% | -455% |
| Net earnings | −$11.4M | -2950% | — |
| Operating cash flow | −$7.8M | -259% | -131% |
What changed
Revenue was $265.4M in Q1 FY27, up 10% year over year and down 11% from the previous quarter. Industrial was the largest line at 59% of revenue. Industrial added $33.3M year over year (up 27%), 134% of the total change. Interface declined 73%.
Gross margin was 18.0%, down 0.1 points from Q1 FY26. Operating costs exceeded revenue by $3.9M, an operating margin of -1.5%. Operating expenses grew 22% against revenue growth of 10%. The fastest-growing cost line was SG&A (+25%). The quarter ended with a net loss of $11.4M, after a profit of $400K the previous quarter.
Operating cash flow was −$7.8M. Non-cash charges added back $14.1M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $12.6M. Capital expenditures of $3.1M exceeded it, leaving free cash flow of −$10.9M.
Questions
What was Methode Electronics' revenue in the first quarter fiscal 2027?
Methode Electronics (MEI) reported revenue of $265M for the first quarter fiscal 2027 (Q1 FY27), +10% from a year earlier and -11% from the quarter before.
Was Methode Electronics profitable in the first quarter fiscal 2027?
Operating loss was $3.9M (-1.5% of revenue) and net loss $11.4M.