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MEI · NYSE · Hardware, Equipment & Parts

Methode Electronics

Designs mechatronic components — lighting, switches, sensors and power distribution — for automotive and industrial OEMs.

$18.21
After-hours close−0.02 (−0.11%)
At close$18.23(+2.53%)
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Profile

Methode Electronics, Inc.MEIInformation Technology

Designs and manufactures engineered electronic components — user-interface switches, sensor systems, LED lighting, and power-distribution products — sold mainly to automotive and industrial-equipment manufacturers. Sales are concentrated in the vehicle-electrification shift, which built its lighting business through acquisitions and later drove a stretch of operational and leadership turmoil.

Engineers and manufactures user-interface switches, sensor systems, LED lighting, and power-distribution hardware for vehicle and industrial-equipment builders. Automotive and industrial customers make up most of sales, spanning passenger and commercial vehicles, off-road equipment, and safety-control products such as radio remote controls.

Lighting became the largest product line through acquisitions covering automotive, commercial-vehicle, and off-road LED systems, layered onto a switch-and-sensor business that traces back to the founding in 1946.

Operations span more than a dozen countries across North America, Europe, the Middle East, and Asia, including manufacturing in Mexico serving vehicle assembly plants.

Demand tracks automotive production and the pace of vehicle electrification; a stretch of operational and accounting problems tied to that transition preceded a change in leadership that took hold in 2024.

Company facts

CEOJonathan B. DeGaynor
ListedOct 19, 1982
ExchangeNYSE
HeadquartersSouthfield, MI
CountryUnited States
Employees6,500
CIK0000065270
ISINUS5915202007

Key statistics

Market cap$645.9M
EPS (ttm)−$1.01
P/E (ttm)−18.05
ROE-5.3%
P/B0.9534
P/S0.6338
Dividend yield1.10%
Beta2.43vs XLK 1.38

Year to date +172% · Average volume (30d) 570.2K

Analysts

Price target, next 12 months$27.50+51.0%Median of 6 analysts · vs the Aug 28 close
ConsensusHold2 of 6 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Aug 25, 2026Industrial Alliance SecuritiesTarget$30
Aug 25, 2026Craig-HallumInitiateBuy$30
Jun 29, 2026BarringtonTarget$25
Jun 29, 2026Barrington ResearchUpgradeMarket PerformOutperform
Jun 26, 2026Robert W. BairdTarget$8.50$16

Earnings

EPS

Estimate−$0.27
ReportedDue Sep 2, 2026

Revenue

Estimate$238.0M
ReportedDue Sep 2, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Jun 24, 2026Q4 FY26−$0.11−$0.30−172.7%$238.5M$298.1M+25.0%+37.51%
Mar 5, 2026Q3 FY26−$0.26−$0.37−42.3%$219.5M$233.7M+6.5%−11.79%
Dec 3, 2025Q2 FY26−$0.20−$0.19+5.0%$219.4M$246.9M+12.5%−10.93%
Sep 9, 2025Q1 FY26−$0.21−$0.22−4.8%$229.9M$240.5M+4.6%+12.16%
View details

Financial highlights

12 quartersQ3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue$239.9M$257.1M$240.5M$246.9M$233.7M$298.1M
Gross profit$41.3M$19.6M$43.5M$47.7M$33.0M$72.2M
Operating income−$2.2M−$23.6M$1.1M$2.9M−$5.7M$10.9M
Net income−$14.4M−$28.3M−$10.3M−$9.9M−$15.9M$400.0K
Diluted EPS−$0.41−$0.80−$0.29−$0.28−$0.45$0.01
Gross margin17.2%7.6%18.1%19.3%14.1%24.2%
Operating margin-0.9%-9.2%0.5%1.2%-2.4%3.7%

Fiscal years (4-quarter sums)FY22 $1.16B · FY23 $1.18B · FY24 $1.11B · FY25 $1.05B · FY26 $1.02B

Revenue by product · Q3 FY26

Industrial$141.6M · 50%
Automotive$111.8M · 39%
Corporate And Intersegment Elimination$24.7M · 9%
Interface$5.0M · 2%

Revenue by geography · Q3 FY26

EMEA$107.5M · 46%
North America$84.4M · 36%
Asia$41.8M · 18%

Balance sheet, May 2, 2026Cash & short-term investments $139.6M · Total debt $349.1M · Total assets $1.31B · Shareholders' equity $677.5M

Dividends

Next ex-date
Oct 17, 2026
estimated · in 49 days
Annual dividend
$0.20
per share
Dividend yield
1.10%
Schedule
Quarterly
4 payments a year

Last cut to $0.05 from $0.07 in Oct 2025. To collect a payout, hold shares through the close before the ex-date.

History

Ex-dateRecordPaidAmountNote
Jul 17, 2026Jul 17Jul 31$0.05
Apr 17, 2026Apr 17May 1$0.05
Jan 16, 2026Jan 16Jan 30$0.05
Oct 29, 2025Oct 29Oct 31$0.05cut from $0.07
Jul 21, 2025Jul 21Aug 1$0.07cut from $0.14
Apr 17, 2025Apr 18May 2$0.14
Jan 17, 2025Jan 17Jan 31$0.14
Oct 18, 2024Oct 18Nov 1$0.14
View details

Ownership

Institutions 98.48%Insiders 2.45%

Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.

Shares outstanding 35.47M · Float 34.53M · 97.4% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
BlackRock, Inc.3.46M9.77%13FAug 7, 2026
T. Rowe Price Investment Management, Inc.2.38M6.70%13FAug 14, 2026
Ameriprise Financial Inc1.87M5.27%13FAug 14, 2026
Aigh Capital Management LLC1.68M4.73%13FAug 7, 2026
Vanguard Capital Management LLC1.51M4.24%13FAug 13, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Peers

  • TE Connectivity

    Connector and sensor giant spanning automotive electronics and data-center power

  • Amphenol

    Global connector, sensor, and interconnect systems manufacturer

  • Sensata Technologies

    UK-domiciled automotive/industrial sensor and electrical-protection supplier

  • Stoneridge

    Vehicle electronics and vision-system supplier to commercial and auto OEMs

  • Littelfuse

    Circuit-protection and sensing components for automotive and industrial use

  • nVent Electric

    Electrical connection and rack-power products for hyperscale data centers

  • Vicor

    Modular power-conversion component maker for AI/data-center power delivery

  • Bel Fuse Class B

    Power, connectivity, and magnetics maker for networking and data-center gear

CompareAfter-hours close

CompanyPriceChange
Methode Electronics$18.21−0.11%$645.9M0.6+16.0%
TE Connectivity$202.66+0.01%$58.76B19.916.13.1+13.8%
Amphenol$158.44+0.46%$194.49B39.426.96.7+55.0%
Sensata Technologies$41.030.00%$5.97B66.210.51.6+5.1%
Stoneridge$7.17−0.28%$202.4M39.90.3−20.4%
Littelfuse$405.42+0.01%$10.30B21.53.9+20.4%
nVent Electric$148.53+0.01%$24.01B40.725.65.0+52.8%
Vicor$188.63+0.41%$8.51B60.239.318.0+49.3%
Bel Fuse Class B$248.69+0.09%$3.01B62.223.94.0+25.2%
Median50.424.74.0+22.8%