Methode Electronics | 10-Q: FY2026 Q2 Revenue Beats Estimate at USD 246.9 M

Revenue: As of FY2026 Q2, the actual value is USD 246.9 M, beating the estimate of USD 237.69 M.

EPS: As of FY2026 Q2, the actual value is USD -0.28, beating the estimate of USD -0.3.

EBIT: As of FY2026 Q2, the actual value is USD 1.5 M.

Net Sales: $110.5 million for the three months ended November 1, 2025, compared to $145.5 million for the three months ended November 2, 2024. $216.6 million for the six months ended November 1, 2025, compared to $280.3 million for the six months ended November 2, 2024.
Gross Profit: $2.2 million for the three months ended November 1, 2025, compared to $14.2 million for the three months ended November 2, 2024. $2.3 million for the six months ended November 1, 2025, compared to $22.8 million for the six months ended November 2, 2024.
Income (Loss) from Operations: -$10.9 million for the three months ended November 1, 2025, compared to $0.7 million for the three months ended November 2, 2024. -$23.4 million for the six months ended November 1, 2025, compared to -$5.0 million for the six months ended November 2, 2024.

Net Sales: $126.9 million for the three months ended November 1, 2025, compared to $131.4 million for the three months ended November 2, 2024. $250.4 million for the six months ended November 1, 2025, compared to $242.9 million for the six months ended November 2, 2024.
Gross Profit: $42.4 million for the three months ended November 1, 2025, compared to $38.0 million for the three months ended November 2, 2024. $82.1 million for the six months ended November 1, 2025, compared to $70.8 million for the six months ended November 2, 2024.
Income from Operations: $29.3 million for the three months ended November 1, 2025, compared to $24.3 million for the three months ended November 2, 2024. $55.8 million for the six months ended November 1, 2025, compared to $41.2 million for the six months ended November 2, 2024.

Net Sales: $9.5 million for the three months ended November 1, 2025, compared to $15.7 million for the three months ended November 2, 2024. $20.4 million for the six months ended November 1, 2025, compared to $27.9 million for the six months ended November 2, 2024.
Gross Profit: $2.8 million for the three months ended November 1, 2025, compared to $5.2 million for the three months ended November 2, 2024. $6.2 million for the six months ended November 1, 2025, compared to $7.8 million for the six months ended November 2, 2024.
Income from Operations: $2.3 million for the three months ended November 1, 2025, compared to $4.7 million for the three months ended November 2, 2024. $5.3 million for the six months ended November 1, 2025, compared to $6.6 million for the six months ended November 2, 2024.

Core Business Focus: Methode Electronics, Inc. is focusing on mitigating the adverse effects of higher costs due to inflation and supply chain disruptions. The company is working closely with suppliers and customers to minimize potential adverse effects from global supply chain disruptions. The company is also focusing on the broad trend of electrification and the adoption of electric vehicles (EVs), although the adoption has been slower than anticipated.
Non-Core Business: The company is considering other options to enhance its financial and operating position, such as refinancing or restructuring initiatives, sales of assets, and reductions or delays to capital spending.

Operating Cash Flow: Net cash provided by operating activities was $17.7 million for the six months ended November 1, 2025, compared to net cash used by operating activities of -$37.1 million for the six months ended November 2, 2024.
Investing Cash Flow: Net cash used by investing activities was -$9.5 million for the six months ended November 1, 2025, compared to -$21.0 million for the six months ended November 2, 2024.
Financing Cash Flow: Net cash provided by financing activities was $3.1 million for the six months ended November 1, 2025, compared to net cash used by financing activities of -$8.1 million for the six months ended November 2, 2024.

Restructuring and Asset Impairment Charges: Restructuring and asset impairment charges were $1.1 million for the three months ended November 1, 2025, compared to $0.1 million for the three months ended November 2, 2024. $2.0 million for the six months ended November 1, 2025, compared to $0.7 million for the six months ended November 2, 2024.