In fiscal 2026, which ended May 2, 2026, Methode Electronics Inc reported revenue of $1.0 billion, down 2.8% from the year before. It recorded a net loss of $35.7 million. Operating income came to $8.8 million, an operating margin of 0.9%. Diluted earnings per share were -$1.01. Over the twelve months ended Aug 1, 2026, revenue was $1.0 billion and the net loss was $36.8 million. Across the 10 fiscal years shown, revenue grew from $816.5 million in fiscal 2017 to $1.0 billion in fiscal 2026, about 2.5% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2027
Aug 1, 2026
|
FY 2026
May 2, 2026
|
FY 2025
May 3, 2025
|
FY 2024
Apr 27, 2024
|
FY 2023
Apr 29, 2023
|
FY 2022
Apr 30, 2022
|
FY 2021
May 1, 2021
|
FY 2020
May 2, 2020
|
FY 2019
Apr 27, 2019
|
FY 2018
Apr 28, 2018
|
FY 2017
Apr 29, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
1,044
+1.4%
|
1,019
-2.8%
|
1,048
-6.0%
|
1,114
-5.5%
|
1,180
+1.4%
|
1,164
+6.9%
|
1,088
+6.3%
|
1,024
+2.4%
|
1,000
+10.1%
|
908
+11.2%
|
816
+0.9%
|
| Cost of revenue |
838
-3.5%
|
817
-7.7%
|
885
-5.5%
|
936
+2.2%
|
916
+1.9%
|
899
+10.4%
|
814
+9.8%
|
741
+0.9%
|
734
+9.8%
|
669
+11.8%
|
598
+0.3%
|
| Gross profit |
206
+27.2%
|
202
+23.7%
|
163
-8.6%
|
179
-32.3%
|
264
-0.3%
|
265
-3.4%
|
274
-3.1%
|
283
+6.4%
|
266
+10.9%
|
240
+9.8%
|
218
+2.5%
|
| Research and development |
—
|
38
-10.3%
|
42
-14.9%
|
49
+40.3%
|
35
-2.0%
|
36
+0.0%
|
36
+2.3%
|
35
-15.3%
|
41
+8.7%
|
38
+36.3%
|
28
+0.0%
|
| Selling, general and administrative |
180
+16.4%
|
170
+3.9%
|
164
+1.9%
|
161
+3.9%
|
155
+15.5%
|
134
+5.7%
|
127
+8.6%
|
117
-18.3%
|
143
+23.5%
|
116
+10.0%
|
105
+4.4%
|
| Restructuring and impairment |
—
|
5
+85.2%
|
3
-27.0%
|
4
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Operating income |
4
+124.8%
|
9
+136.8%
|
-24
+78.7%
|
-112
-223.9%
|
90
-19.1%
|
112
-12.7%
|
128
-13.1%
|
147
+37.7%
|
107
-9.7%
|
118
+6.8%
|
111
+1.0%
|
| Pretax income |
-12
+72.4%
|
-11
+78.6%
|
-50
+60.9%
|
-128
-242.2%
|
90
-24.0%
|
118
-12.2%
|
135
-9.3%
|
149
+43.5%
|
104
-16.3%
|
124
+6.8%
|
116
+4.5%
|
| Income tax |
25
+116.5%
|
25
+100.0%
|
12
+360.4%
|
-5
-136.9%
|
13
-20.2%
|
16
+29.4%
|
13
-50.2%
|
25
+110.8%
|
12
-82.0%
|
67
+189.6%
|
23
-12.5%
|
| Net income |
-37
+32.6%
|
-36
+43.0%
|
-63
+49.2%
|
-123
-259.9%
|
77
-24.6%
|
102
-16.4%
|
122
-0.9%
|
123
+34.7%
|
92
+60.1%
|
57
-38.4%
|
93
+9.8%
|
| Basic EPS |
-1.03
+33.1%
|
-1.01
+42.9%
|
-1.77
+49.1%
|
-3.48
-262.6%
|
2.14
-21.9%
|
2.74
-14.9%
|
3.22
-1.8%
|
3.28
|
—
|
—
|
—
|
| Diluted EPS |
-1.03
+33.1%
|
-1.01
+42.9%
|
-1.77
+49.1%
|
-3.48
-265.7%
|
2.10
-22.2%
|
2.70
-15.4%
|
3.19
-2.1%
|
3.26
|
—
|
—
|
—
|
| Weighted average shares, basic |
36
+0.8%
|
36
+0.5%
|
35
-0.4%
|
35
-1.5%
|
36
-3.3%
|
37
-2.1%
|
38
+1.2%
|
38
+0.5%
|
37
+0.3%
|
37
-0.0%
|
37
-2.7%
|
| Weighted average shares, diluted |
36
+0.8%
|
36
+0.5%
|
35
-0.4%
|
35
-3.5%
|
37
-2.8%
|
38
-1.3%
|
38
+1.2%
|
38
+0.5%
|
38
+0.3%
|
38
+0.1%
|
37
-2.6%
|
| Other measures | |||||||||||
| Depreciation and amortization |
58
-2.2%
|
59
+0.5%
|
58
+1.0%
|
58
+17.0%
|
50
-5.9%
|
53
+2.1%
|
52
+6.6%
|
48
+11.5%
|
43
+54.1%
|
28
+15.6%
|
24
+1.7%
|
| EBITDA |
62
+40.5%
|
68
+95.4%
|
35
+164.0%
|
-54
-138.7%
|
140
-14.9%
|
164
-8.4%
|
179
-8.2%
|
195
+30.2%
|
150
+2.5%
|
146
+8.4%
|
135
+1.1%
|
| Margins | |||||||||||
| Gross margin |
19.77%
|
19.84%
|
15.59%
|
16.04%
|
22.39%
|
22.77%
|
25.19%
|
27.63%
|
26.57%
|
26.38%
|
26.74%
|
| Operating margin |
0.36%
|
0.86%
|
-2.28%
|
-10.05%
|
7.66%
|
9.60%
|
11.76%
|
14.37%
|
10.68%
|
13.02%
|
13.57%
|
| Pretax margin |
-1.14%
|
-1.05%
|
-4.78%
|
-11.49%
|
7.64%
|
10.18%
|
12.40%
|
14.52%
|
10.36%
|
13.63%
|
14.19%
|
| Profit margin |
-3.52%
|
-3.50%
|
-5.97%
|
-11.06%
|
6.54%
|
8.78%
|
11.24%
|
12.05%
|
9.16%
|
6.30%
|
11.38%
|
| EBITDA margin |
5.92%
|
6.63%
|
3.30%
|
-4.85%
|
11.86%
|
14.12%
|
16.49%
|
19.08%
|
15.01%
|
16.12%
|
16.55%
|
| Effective tax rate |
—
|
—
|
—
|
—
|
14.43%
|
13.76%
|
9.34%
|
17.01%
|
11.58%
|
53.80%
|
19.84%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Electronic Connectors (SIC 3678)
- Listed as
- MEI (NYSE)
- Fiscal year ends
- May 3
- Incorporated in
- DE
- Headquarters
- Southfiled, MI
- SEC filer status
- Accelerated filer
- SEC CIK
- 65270
- Former names
- METHODE ELECTRONICS INC (until Nov 3, 2026)
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.