Filing Flows › Methode Electronics (MEI) › Q3 FY26
Methode Electronics (MEI) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 5, 2026
Methode Electronics (MEI) reported revenue of $234M for the third quarter fiscal 2026 (Q3 FY26), -3% from a year earlier and -5% from the quarter before. Operating margin was -2.6%, net loss $15.9M (6.8% of revenue).
Methode Electronics, Q3 FY26: revenue $234M (-3% year over year), operating margin -2.6%, net loss $15.9M, operating cash flow $15.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $234M | -5% | -3% |
| Operating profit | −$6.1M | -310% | — |
| Net earnings | −$15.9M | — | — |
| Operating cash flow | $15.4M | — | -45% |
| Free cash flow | $10.1M | — | -48% |
What changed
Revenue was $233.7M in Q3 FY26, down 3% year over year and down 5% from the previous quarter. Industrial was the largest line at 52% of revenue. Automotive lost $9.5M year over year (down 8%), 153% of the total change.
Gross margin was 16.6%, down 0.6 points from Q3 FY25. Operating costs exceeded revenue by $6.1M, an operating margin of -2.6%. Operating expenses grew 3% against a revenue fall of 3%. The quarter ended with a net loss of $15.9M, wider than the previous quarter's $9.9M loss.
Operating cash flow was $15.4M (down 45% year over year). Non-cash charges added back $14.6M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $15.0M. Capital expenditures of $5.3M left free cash flow of $10.1M.
Questions
What was Methode Electronics' revenue in the third quarter fiscal 2026?
Methode Electronics (MEI) reported revenue of $234M for the third quarter fiscal 2026 (Q3 FY26), -3% from a year earlier and -5% from the quarter before.
Was Methode Electronics profitable in the third quarter fiscal 2026?
Operating loss was $6.1M (-2.6% of revenue) and net loss $15.9M.