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Methode Electronics (MEI)
NYSE:MEI
Earnings Data
Report Date
Jun 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.8Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mixed picture: strong cash generation, a healthier balance sheet, Industrial growth, and accelerating data center momentum are clear positives, as is active portfolio rationalization. Offsetting those strengths are material near-term profitability pressures — a sharply reduced adjusted EBITDA outlook, a worsening quarterly adjusted loss, and operational challenges in Mexico driven by EV program delays and some cancellations in North American automotive. Given the combination of meaningful operational and reporting headwinds alongside solid liquidity and strategic progress, the tone of the call is balanced between progress on long-term repositioning and near-term execution challenges.Company Guidance
Positive Free Cash Flow and Strong Cash Position
Generated $10.1M of free cash flow in Q3 and approximately $16.5M year-to-date; operating cash generation of $15.4M in the quarter. Ended the quarter with $133.7M in cash, up $30.1M year-over-year, and net debt down $16.9M versus prior year.
Industrial Segment Growth
Industrial segment sales increased 9.5% year-over-year, driven by off-road lighting and power distribution solutions supporting data center applications, demonstrating growing exposure to higher-growth industrial power markets.
Data Center Momentum and Run-Rate Visibility
Company has line of sight to a $120M annualized data center run rate entering Q4 (EDI-backed) and expects the run rate trajectory to support roughly a 50% year-over-year increase in the near term; current fiscal year base for data center cited around $80M–$85M.
Portfolio Rationalization and Balance Sheet Actions
Completed sale of the Datamate business (~$18M annual revenue and roughly $3M in profitability) and progressed sale/sublease of Howard Heights facility; management expects proceeds to repay debt and strengthen the balance sheet and reallocate capital toward higher-return power solutions.
Narrowed and Raised Net Sales Range (FX Benefit)
Narrowed fiscal 2026 net sales guidance and raised the low end by $50M to a range of $950M–$1.0B, driven largely by favorable foreign currency translation (approximately $30M benefit for the full year to-date).
Operational Improvements in Egypt and Cost Discipline
Reported positive trends and year-over-year revenue growth in Egypt as a result of transformation actions; management emphasized ongoing cost discipline, ongoing supply chain initiatives (improvements in scrap and direct material costs), and a focus on aligning footprint and overhead.
Capital Expenditure Discipline
Reported prior-year CapEx of $42M for FY25 and noted that CapEx is down year-over-year in FY26 (company cited approximately 16.5% figure during the call), indicating restrained investment while prioritizing cash generation and debt reduction.
MEI Earnings History
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 |
|---|---|---|---|
Mar 05, 2026 | $7.55 | $6.66 | -11.79% |
Dec 03, 2025 | $8.63 | $7.69 | -10.94% |
Sep 09, 2025 | $7.30 | $8.19 | +12.17% |
Jul 09, 2025 | $10.04 | $7.51 | -25.17% |
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.
FAQ
When does Methode Electronics (MEI) report earnings?
Methode Electronics (MEI) is schdueled to report earning on Jun 18, 2026, Before Open (Confirmed).
What is Methode Electronics (MEI) earnings time?
Methode Electronics (MEI) earnings time is at Jun 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MEI EPS forecast?
MEI EPS forecast for the fiscal quarter 2026 (Q4) is -0.09.
