Methode Electronics reported Q2 CY2026 revenue of $265.4 million, beating analyst estimates of $238.3 million, but its non-GAAP loss of $0.22 per share missed consensus by 10%, and adjusted EBITDA of $13.7 million fell short of expectations. The company reconfirmed full-year revenue guidance of $1.05 billion and EBITDA guidance of $77 million at the midpoint. President and CEO Jon DeGaynor attributed the results to higher volumes in the industrial portfolio, led by data centers, but noted one-time costs from the dataMate divestiture and investments offset gains. The stock dropped 22.3% to $14.10 following the report.
Methode Electronics IncQ2 earnings miss and EBITDA shortfall despite revenue beat
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