Traders should monitor whether cost transformation efforts can offset automotive segment headwinds and whether the narrowed sales guidance range reflects improving execution. The lowered EBITDA outlook suggests margin pressure persists despite portfolio actions.
Price Chart
Executive Summary
Methode Electronics reported Q3 FY26 net sales of $233.7 million, down 2.6% year-over-year, with a net loss of $15.9 million. The company lowered its full-year adjusted EBITDA guidance to $58–62 million and completed the sale of its dataMate business for $16 million as part of its portfolio simplification strategy. Results were hurt by automotive segment weakness and operational challenges, despite strong industrial segment performance.
Key Financial Metrics
Key Facts
- Q3 net sales were $233.7 million, down 2.6% YoY from $239.9 million
- Net loss was $15.9 million ($0.45 per share), compared to $14.4 million ($0.41) in the prior-year quarter
- Adjusted EBITDA was $7.3 million (3.1% margin), down from $12.3 million (4.8%) in the same quarter last year
- Company lowered full-year adjusted EBITDA guidance to $58–62 million
- Narrowed full-year sales guidance to $950M–$1B, from prior $900M–$1B range
- Closed sale of dataMate business post-quarter for $16 million
- Automotive segment sales fell 8.2% to $106.2 million; Industrial segment rose 9.5% to $122.5 million
- Free cash flow was $10.1 million, down from $19.6 million in the prior-year quarter
Financial Impact
Revenue down $6.2M YoY, adjusted EBITDA down $5M YoY, full-year EBITDA guidance reduced by ~$10M midpoint
Risk Factors
- Continued automotive EV volume declines and Mexico operational issues
- Downside to EBITDA guidance if restructuring benefits are delayed
- Execution risk in new program launches and cost recovery
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3250709 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 29d ago | Press Release | $15.32 $14.65 | ▲ +4.37% | ▲ +3.22% | $15.28 (+0.23%) |
Aug 26, 2026 5w ago | Press Release | $17.78 $18.10 | ▼ −1.80% | ▼ −2.57% | $15.28 (+14.03%) |
Jul 31, 2026 9w ago | DEFA14A | $13.99 $16.67 | ▲ +19.16% | ▲ +15.65% | $15.28 (+9.26%) |
Jun 24, 2026 14w ago | 8-K | $18.00 $18.41 | ▲ +2.28% | ▲ +0.72% | $15.28 (−15.08%) |
Mar 18, 2026 28w ago | Press Release | $5.27 $5.70 | ▲ +8.10% | ▲ +10.31% | $15.28 (+189.91%) |
Mar 5, 2026 30w ago | 8-K | $6.61 $5.09 | ▲ +22.97% | ▲ +21.44% | $15.28 (−131.14%) |
Mar 5, 2026 30w ago | Press Release | $6.61 $5.09 | ▲ +22.97% | ▲ +21.44% | $15.28 (−131.14%) |
US Market Status
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