Filing Flows › Methode Electronics (MEI) › Q2 FY26
Methode Electronics (MEI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Dec 3, 2025
Methode Electronics (MEI) reported revenue of $247M for the second quarter fiscal 2026 (Q2 FY26), -16% from a year earlier and +3% from the quarter before. Operating margin was 1.2%, net loss $9.9M (4.0% of revenue).
Methode Electronics, Q2 FY26: revenue $247M (-16% year over year), operating margin 1.2%, net loss $9.9M, operating cash flow −$7.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $247M | +3% | -16% |
| Operating profit | $2.9M | +164% | — |
| Net earnings | −$9.9M | — | — |
| Operating cash flow | −$7.4M | -129% | — |
What changed
Revenue was $246.9M in Q2 FY26, down 16% year over year and up 3% from the previous quarter. Industrial was the largest line at 51% of revenue. Automotive lost $35.0M year over year (down 24%), 77% of the total change.
Gross margin was 19.3%, down 0.5 points from a year earlier. Operating profit was $2.9M, a 1.2% margin (down 2.0 points year over year). Operating expenses fell 8% while revenue fell 16%. The quarter ended with a net loss of $9.9M, narrower than the previous quarter's $10.3M loss. Net interest and other expense of $7.1M was the main reason.
Operating cash flow was −$7.4M. Non-cash charges added back $15.0M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $15.5M. Capital expenditures of $4.2M exceeded it, leaving free cash flow of −$11.6M.
Questions
What was Methode Electronics' revenue in the second quarter fiscal 2026?
Methode Electronics (MEI) reported revenue of $247M for the second quarter fiscal 2026 (Q2 FY26), -16% from a year earlier and +3% from the quarter before.
Was Methode Electronics profitable in the second quarter fiscal 2026?
Operating profit was $2.9M (1.2% of revenue) and net loss $9.9M.