10-K · June 24, 2026
Methode Electronics, Inc. reported a decline in FY 2026 net sales by 2.8% to $1.019 billion, while achieving improved gross margins of 19.8%, compared to 15.6% the previous year. Despite a Q4 revenue surprise, the…
Earnings analysis · 10-Q
MEI earnings analysis
Filed September 2, 2026 · Our reading of the company's report
The latest report
The supplied 10-Q text does not include the financial statements or MD&A needed to assess revenue, margins, EPS, segments, balance-sheet trends, or cash flow, so those metrics are null. The most material disclosure is…
Read full summary
The supplied 10-Q text does not include the financial statements or MD&A needed to assess revenue, margins, EPS, segments, balance-sheet trends, or cash flow, so those metrics are null. The most material disclosure is the August 31, 2026 credit amendment, which extends certain maturities to October 29, 2028 but reduces aggregate revolving commitments from $400 million to $375 million and maintains modified covenant terms through October 31, 2027. No new risk factors were identified relative to the prior 10-K; the filing refers readers to that report for material risks.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Revolving-loan maturity extended
The August 31, 2026 credit amendment extends the maturity of certain revolving loans through October 29, 2028, providing additional financing tenure.
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Covenant relief extended
The amendment extends the period of relaxed financial covenants through delivery of financial statements for the quarter ending October 31, 2027.
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Controls remained effective
Disclosure controls and procedures were assessed as effective as of the end of the period, and management reported no material changes in internal control during the three months ended August 1, 2026.
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Market-risk exposure stable
The company reported no significant change in market-risk exposure during the three months ended August 1, 2026.
What to watch
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Revolving capacity reduced
Aggregate revolving commitments were reduced from $400 million to $375 million, a $25 million decrease in available commitments.
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Potential further debt-capacity reduction
The amendment provides for an automatic and permanent $75 million reduction in the 2028 Extended Revolving Commitments after gross cash proceeds from specified dispositions exceed $50 million.
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Ongoing leverage covenant risk
The amendment changes the consolidated leverage-ratio covenant beginning with the fiscal quarter ending October 31, 2026, while extending the Third Amendment Period through the quarter ending October 31, 2027; this indicates continued covenant and leverage-management risk.
Management's outlook
No quantitative revenue or EPS outlook was provided in the supplied 10-Q text. The filing refers to the Annual Report on Form 10-K for market-risk disclosures and does not include an operating outlook.
Earlier filings 4
10-Q · March 5, 2026
Methode Electronics reported a decrease in net sales for Q3 2026, amounting to $233.7 million, down 2.6% year-over-year. The company saw a significant increase in net loss to $15.9 million, compared to a loss of $14.4…
10-Q · December 3, 2025
Methode Electronics, Inc. reported a Q2 2026 net loss of $9.9 million on revenue of $246.9 million, marking a 15.6% revenue decline year-over-year primarily due to lower sales volumes across all segments. Gross margins…
10-Q · September 9, 2025
Methode Electronics, Inc. reported a Q1 2026 revenue of $241 million, a decrease of 7.0% year-over-year, with an improved EPS of -$0.29, beating estimates. The automotive segment faced significant declines, while the…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.