Methode Electronics shares surged as much as 40% on Thursday after the company reported fourth-quarter fiscal 2026 results that crushed Wall Street estimates. Revenue rose to $298.1 million, far above the consensus forecast of $239.5 million, driven by a 28% increase in automotive sales and a 14% gain in industrial revenues. Earnings held steady at $0.01 per share, defying expectations of a $0.09 per share loss, as the company benefited from $19 million in customer recoveries negotiated under minimum-order contract safeguards. Management expects to collect an additional $25 million in recoveries over the next three to four years, though the turnaround remains a work in progress with $325 million in long-term debt against $149 million in cash.
Methode Electronics IncQ4 earnings crushed estimates with revenue of $298.1M vs $239.5M consensus and EPS of $0.01 vs expected -$0.09.
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