Methode Electronics, Inc. (MEI) Income Statement
MEI FY2026 at a glance
Fiscal year ended April 30, 2026 · U.S. dollarsMEI revenue and net income
Where MEI's revenue goes
FY2026Each bar shows an amount and its share of revenue. MEI kept −3.5% of revenue as net income.
MEI profit margins
MEI growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.8% | −4.8% | −1.3% | +2.3% |
| Gross profit | +23.7% | −8.5% | −5.9% | −0.5% |
| Operating income | — | −54.0% | −41.5% | −22.3% |
| Net income | — | — | — | — |
| EPS (diluted) | −376.9% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MEI quarterly EPS vs estimates
Methode Electronics beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: December 2, 2026 (estimate $-0.32).
MEI income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.02B | $1.05B | $1.11B | $1.18B | $1.16B | $1.09B | $1.02B | $1.00B | $908.3M | $816.5M |
| Cost of revenue | $817.0M | $884.7M | $935.7M | $915.5M | $898.7M | $813.9M | $741.0M | $734.5M | $668.7M | $598.2M |
| Gross profit | $202.2M | $163.4M | $180.5M | $264.1M | $264.9M | $274.1M | $282.9M | $265.8M | $239.6M | $218.3M |
| Research & development | — | — | $49.1M | $35.0M | $35.7M | $37.1M | $34.9M | $41.2M | $37.9M | $27.8M |
| Sales, general & admin | $170.3M | $163.9M | $160.9M | $154.9M | $134.1M | $126.9M | $116.7M | $8.9M | $5.3M | $200,000 |
| Total operating expenses | $193.4M | $187.3M | $292.5M | $173.7M | $153.2M | $146.2M | $135.8M | $159.0M | $121.3M | $107.5M |
| Operating income | $8.8M | −$23.9M | −$112.0M | $90.4M | $111.7M | $127.9M | $147.1M | $106.8M | $118.3M | $110.8M |
| Interest income | — | $22.0M | $16.7M | $2.7M | $1.6M | $4.9M | $13.2M | $8.3M | $900,000 | $400,000 |
| Interest expense | $23.3M | $22.7M | $16.7M | $2.7M | $3.5M | $5.2M | $10.1M | $8.3M | $900,000 | $400,000 |
| Income before taxes | −$10.7M | −$50.1M | −$128.1M | $90.1M | $118.5M | $134.9M | $148.7M | $103.6M | $123.8M | $115.9M |
| Income taxes | $25.0M | $12.5M | −$4.8M | $13.0M | $16.3M | $12.6M | $25.3M | $12.0M | $66.6M | $23.0M |
| Net income | −$35.7M | −$62.6M | −$123.3M | $77.1M | $102.2M | $122.3M | $123.4M | $91.6M | $57.2M | $92.9M |
| EBITDA | $72.6M | $31.1M | −$53.5M | $142.3M | $174.6M | $191.6M | $207.1M | $169.0M | $152.8M | $135.1M |
| EPS (diluted) | −$1.08 | $0.39 | −$0.44 | $2.08 | $2.70 | $3.08 | $3.11 | $2.81 | $2.76 | $2.48 |
| Gross margin | 19.8% | 15.6% | 16.2% | 22.4% | 22.8% | 25.2% | 27.6% | 26.6% | 26.4% | 26.7% |
| Operating margin | 0.9% | −2.3% | −10.0% | 7.7% | 9.6% | 11.8% | 14.4% | 10.7% | 13.0% | 13.6% |
| Net margin | −3.5% | −6.0% | −11.1% | 6.5% | 8.8% | 11.2% | 12.1% | 9.2% | 6.3% | 11.4% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $265.4M | $298.1M | $233.7M | $246.9M | $240.5M | $257.1M | $239.9M | $292.6M | $258.5M | $277.3M | $259.5M | $288.0M |
| Cost of revenue | $217.7M | $225.9M | $200.7M | $199.2M | $197.0M | $237.5M | $198.6M | $234.7M | $213.9M | $246.3M | $222.5M | $235.7M |
| Gross profit | $47.7M | $72.9M | $33.0M | $47.7M | $43.5M | $19.6M | $41.3M | $57.9M | $44.6M | $31.0M | $37.0M | $52.3M |
| Research & development | — | — | — | — | — | $41.8M | — | — | — | $49.1M | — | — |
| Sales, general & admin | $45.3M | $55.6M | $39.1M | $39.0M | $35.7M | $37.4M | $37.7M | $42.6M | $46.2M | $41.6M | $33.9M | $33.9M |
| Total operating expenses | $51.0M | $61.3M | $38.7M | $44.8M | $42.4M | $43.2M | $43.5M | $48.5M | $52.1M | $39.1M | $40.0M | $47.1M |
| Operating income | −$3.3M | $10.9M | −$5.7M | $2.9M | $1.1M | −$23.6M | −$2.2M | $9.4M | −$7.5M | −$61.5M | −$3.0M | −$51.3M |
| Interest income | — | — | $5.4M | $5.7M | $5.9M | $5.5M | $5.5M | $6.2M | — | — | — | — |
| Interest expense | $5.2M | $6.3M | $5.4M | $5.7M | $5.9M | $6.2M | $5.5M | $6.2M | $4.8M | $4.5M | $5.0M | $4.4M |
| Income before taxes | −$7.3M | $12.7M | −$13.1M | −$4.2M | −$6.1M | −$30.4M | −$8.2M | $1.6M | −$13.1M | −$63.1M | −$10.5M | −$55.5M |
| Income taxes | $4.1M | $12.3M | $2.8M | $5.7M | $4.2M | −$2.1M | $6.2M | $3.2M | $5.2M | −$5.8M | $1.1M | −$200,000 |
| Net income | −$11.4M | $400,000 | −$15.9M | −$9.9M | −$10.3M | −$28.3M | −$14.4M | −$1.6M | −$18.3M | −$57.3M | −$11.6M | −$55.3M |
| EBITDA | $10.8M | $27.8M | $8.9M | $16.5M | $16.0M | −$2.2M | $11.4M | $22.1M | $6.0M | −$44.0M | $9.4M | −$36.7M |
| EPS (diluted) | −$0.22 | −$0.30 | −$0.37 | −$0.19 | −$0.22 | $0.77 | −$0.21 | $0.14 | −$0.31 | −$0.23 | −$0.33 | $0.06 |
| Gross margin | 18.0% | 24.5% | 14.1% | 19.3% | 18.1% | 7.6% | 17.2% | 19.8% | 17.3% | 11.2% | 14.3% | 18.2% |
| Operating margin | −1.2% | 3.7% | −2.4% | 1.2% | 0.5% | −9.2% | −0.9% | 3.2% | −2.9% | −22.2% | −1.2% | −17.8% |
| Net margin | −4.3% | 0.1% | −6.8% | −4.0% | −4.3% | −11.0% | −6.0% | −0.5% | −7.1% | −20.7% | −4.5% | −19.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MEI's financial statements (latest annual report filed June 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MEI financial results
In fiscal year 2026 (ended April 30, 2026), Methode Electronics reported revenue of $1.0 billion, down 2.8% from the year before. It had a net loss of $35.7 million, a net profit margin of −3.5%. Diluted earnings per share came to −$1.08. Over five years revenue grew at an average rate of −1.3% a year.
See the MEI stock overview for the latest quote and news, or the MEI chart for price history and technical indicators.
MEI income statement FAQ
What is Methode Electronics's annual revenue?
Methode Electronics reported total revenue of $1.0 billion for fiscal year 2026, which ended on April 30, 2026. That was down 2.8% from $1.0 billion the previous year.
Is Methode Electronics profitable?
No. Methode Electronics reported a net loss of $35.7 million in fiscal 2026, a net profit margin of −3.5%; its operating margin was 0.9%.
What is Methode Electronics's gross margin?
Methode Electronics's gross margin was 19.8% in fiscal 2026: for every $100 of revenue, Methode Electronics kept $20 after the direct cost of its products and services.
How fast is Methode Electronics growing?
Revenue grew −1.3% a year on average over the last five fiscal years, from $1.1 billion to $1.0 billion.
What are Methode Electronics's earnings per share?
Methode Electronics earned $-1.08 per diluted share in fiscal 2026, compared with $0.39 a year earlier.
When will Methode Electronics report its next earnings?
Methode Electronics is expected to report results for the quarter ending October 31, 2026 on December 2, 2026 after the market closes.
When does Methode Electronics's fiscal year end?
Methode Electronics's fiscal year ends in April. The latest annual report covers the year ended April 30, 2026 and was filed on June 24, 2026.