Font: Financial Modeling Prep • Jun 25, 2026
Methode Electronics, Inc. (NYSE: MEI) is a global manufacturer of electrical components for the automotive and computer industries. The company supplies custom-engineered solutions to major original equipment manufacturers. On June 24, 2026, Methode Electronics reported its financial results for the fourth quarter and full fiscal year of 2026 after the market closed.
The company announced a significant earnings beat. It reported an earnings per share (EPS) of $0.01, which greatly surpassed the analyst consensus estimate of a $0.195 loss per share. This positive result stems from a quarterly net income of $0.40 million, a major improvement from the $28.30 million net loss in the same period last year.
Methode Electronics also exceeded revenue expectations for the quarter. The company posted revenues of $298.10 million, beating the estimated $238.46 million. As highlighted by GlobeNewswire, this figure represents a 15.9% increase in net sales compared to the prior-year quarter, showing that the company's transformation efforts are yielding positive results. Methode Electronics maintains a strong current ratio of 2.37
The company projects continued growth, with expected net sales for fiscal 2027 to be between $1.025 billion and $1.075 billion. This outlook suggests management is confident in its ongoing strategy.
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