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Feb 01

Methode Q3 2025 Earnings Report

Methode Electronics reported a net loss in Q3 2025 despite strong power product sales for data centers.

Key Takeaways

Methode Electronics posted Q3 2025 revenue of $239.9 million, down from $259.5 million in Q3 2024, mainly due to lower automotive segment sales. The company recorded a net loss of $14.4 million, impacted by a tax valuation allowance. However, free cash flow improved to $19.6 million, and operating loss narrowed due to cost control measures.

Revenue declined to $239.9 million, down 7.6% from Q3 2024.

Net loss increased to $14.4 million due to a tax valuation allowance.

Free cash flow improved to $19.6 million from $12.2 million in Q3 2024.

Automotive segment sales dropped 17.2%, while Industrial segment grew by 4.5%.

Total Revenue
$240M
Previous year: $260M
-7.6%
EPS
-$0.21
Previous year: -$0.33
-36.4%
Adjusted EBITDA
$12.3M
Tax Expense
$6.2M
Interest Expense
$5.5M
Gross Profit
$41.3M
Previous year: $37M
+11.6%
Cash and Equivalents
$104M
Previous year: $123M
-15.5%
Free Cash Flow
$19.6M
Previous year: $12.2M
+60.7%
Total Assets
$1.3B
Previous year: $1.49B
-12.5%

Methode

Methode

Methode Revenue by Segment

Forward Guidance

Methode Electronics expects sales to stabilize in Q4 2025, with a focus on launching new programs and improving operational efficiency.

Positive Outlook

  • Guidance reaffirmed for profitable organic sales growth in fiscal 2026.
  • Industrial segment growth driven by strong demand for data center power products.
  • Operational improvements lowering the company's breakeven sales point.
  • Continued execution of transformation initiatives to drive cost savings.
  • Successful launch of 20 new programs with 33 more expected in the next five quarters.

Challenges Ahead

  • Weakness in the automotive market impacting sales.
  • Slowdown in new EV program ramp-ups affecting demand.
  • Foreign currency fluctuations may create headwinds.
  • Potential delays in cost recovery actions.
  • Macroeconomic uncertainty and inflationary pressures could impact margins.

Revenue & Expenses

Visualization of income flow from segment revenue to net income