Key Tronic

Q4 FY2026 EarningsFY26 results were significantly impacted by non-cash charges and structural transitions, reporting a net loss of $47.8M ($4.41 per share). Revenue declined 17.4% YoY to $386.7M, driven by legacy program phase-outs and supply chain credit constraints. Capital expenditure of $6.4M fell within the consensus range of $5M-$8M, supporting expansions in Vietnam and Arkansas. While the GAAP performance was weighed down by a $28.4M tax valuation allowance and $10.3M in receivable write-offs, non-GAAP net loss of $3.7M showed sequential improvement, reflecting benefits from China manufacturing wind-down and Mexico right-sizing.