Methode Electronics Inc (MEI) Q3 2025 Earnings Report

In Q3 2025, Methode Electronics Inc (MEI) reported revenues of $239.9 million, marking an 8% decline year-over-year and an 18% decrease sequentially. The decline was primarily attributed to the completion of significant automotive program roll-offs, compounded by a slowdown in electric vehicle (EV) demand and overall weakness in the auto market. Despite revenue reductions, the company managed to improve gross profit by $4 million, showing resilience in operational execution through cost efficiencies. Management heralded an effective turnaround in operational metrics and reaffirmed guidance for organic sales growth exceeding fiscal 2025 levels and targeting profitable growth in fiscal 2026, driven by a mix of new program launches and strategic focus in emerging markets like data centers.