Short answer
METHODE ELECTRONICS INC (MEI) filed its Q1 2026 10-Q quarterly report on Mar 5, 2026 for the quarter ended Jan 31, 2026. Quarterly revenue was $234M (down 2.6% year over year) with net income of −$16M.
Q1 2026 key financials · XBRL
- Revenue
- $234M
- −2.6% YoY · −5.3% QoQ
- Net income
- −$16M
- −10.4% YoY · −60.6% QoQ
- Operating margin
- -2.6%
- Gross margin
- 16.6%
- EPS (diluted)
- −$0.45
- −9.8% YoY · −60.7% QoQ
Source: XBRL data from the METHODE ELECTRONICS INC (MEI) Q1 2026 10-Q on SEC EDGAR. USD.
METHODE ELECTRONICS INC Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $233.7M, down $6.2M or 2.6% YoY, reflecting lower Automotive and Interface volumes
- Gross margin 16.6% vs 17.2% YoY; net loss $15.9M vs $14.4M
- Best segment Industrial: revenue $122.5M, up 9.5%; operating margin 20.6% vs 20.2%
- Worst segment Interface: revenue $5.0M, down 59.3%; gross margin 10.0% vs 23.6%
- $16.4M dataMate sale proceeds earmarked for debt reduction and working capital; tariff, supply-chain, inflation, and slower EV demand headwinds
Risk Factors
- No Risk Factors section provided in submitted 10-Q excerpt
- $200.0 million share-buyback authorization through June 17, 2026
- No purchases under the publicly announced buyback plan
- 5,816 shares withheld for employee tax obligations during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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