Methode Electronics narrows FY26 revenue view to $950M-$1B from $900M-$1B

Consensus $989.7M. Lowers FY26 adjusted EBITDA view to $58M-$62M from $70M-$80M. The company said, “The Company revised its fiscal 2026 full year guidance and now expects full-year fiscal 2026 net sales to be in the range of $950 million to $1 billion, narrowing its prior outlook of $900 million to $1 billion. The revised range reflects improved visibility as the Company approaches fiscal year-end. Based on current exchange rates, foreign currency is expected to provide an approximate $30 million tailwind relative to the Company’s prior assumptions. In addition, the Company lowered its fiscal 2026 full year Adjusted EBITDA guidance and now expects Adjusted EBITDA to be in the range of $58 to $62 million.”