The earnings call revealed a strong performance in Data Center Power Product sales and significant operational improvements, including a rise in operating income, strong free cash flow, and debt reduction. However, these were offset by challenges in the Automotive segment, a sales decline, and a slight decrease in EV sales. Despite these challenges, the guidance for fiscal 2026 remains positive, with expectations to double EBITDA.

Company Guidance

During the Methode Electronics Fiscal 2026 First Quarter Earnings Conference Call, the company confidently affirmed its guidance despite facing a $100 million decline in sales driven by lower EV demand. Methode expects to double its EBITDA for the full fiscal year, projecting it to be in the range of $70 million to $80 million, which represents a significant increase from the previous year. The first quarter sales were $240.5 million, down $18 million year-over-year, primarily due to program transitions and lower EV demand, but the company reported a $9 million increase in operating income due to reductions in SG&A costs and operational improvements. Methode's data center sales grew by 12% year-over-year, contributing to a third consecutive quarter of strong free cash flow, which totaled $18 million, and a net debt reduction of $41 million over three quarters. The company remains optimistic about the long-term growth potential of its Power Solutions enterprise, which has experienced a 30% compound annual growth rate over the last three years, and anticipates continued expansion in the EV and data center markets.

Data Center Power Product Sales Growth

Data Center Power Product sales experienced growth over the prior year with a solid 12% year-over-year increase.

Increase in Operating Income

Income from operations was up $9 million from the prior year due to a reduction in SG&A costs and operational improvements.

Strong Free Cash Flow and Debt Reduction

Methode Electronics delivered $18 million in free cash flow for the quarter, marking the third consecutive quarter of strong free cash flow. Net debt was reduced by $11.7 million from the fourth quarter and by $41 million over the last three quarters.

Affirmed Guidance for Fiscal 2026

The company is confidently affirming its guidance for fiscal 2026, expecting to double EBITDA for the full year despite a $100 million decline in sales.

Power Solutions Growth

Power Solutions sales have experienced a 30% compound annual growth rate over the last three years, with potential for further growth in Data Centers and EVs.

Methode Electronics (MEI) Earnings, Revenues Date & History

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MEI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 04, 2025	2026 (Q2)	-0.25 / -	-0.05	―	―	―
Sep 09, 2025	2026 (Q1)	-0.35 / -0.29	-0.52	44.23% (+0.23)
Jul 09, 2025	2025 (Q4)	<0.01 / -0.80	-1.63	50.92% (+0.83)
Mar 05, 2025	2025 (Q3)	-0.07 / -0.41	-0.33	-24.24% (-0.08)
Dec 05, 2024	2025 (Q2)	-0.17 / -0.05	-1.55	96.77% (+1.50)
Sep 05, 2024	2025 (Q1)	-0.31 / -0.52	0.02	-2700.00% (-0.54)
Jul 11, 2024	2024 (Q4)	-0.20 / -1.63	0.22	-840.91% (-1.85)
Mar 07, 2024	2024 (Q3)	0.08 / -0.33	0.54	-161.11% (-0.87)
Dec 07, 2023	2024 (Q2)	0.11 / -1.55	0.75	-306.67% (-2.30)
Sep 07, 2023	2024 (Q1)	0.23 / 0.02	0.58	-96.55% (-0.56)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MEI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 09, 2025	$7.40	$8.30	+12.16%
Jul 09, 2025	$10.18	$7.62	-25.15%
Mar 05, 2025	$9.47	$6.73	-28.93%
Dec 05, 2024	$11.07	$13.37	+20.78%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.