Methode Q1 Sales Beat on Data-Center Demand; FY27 Guidance Affirmed
MEI has more than doubled off its 52-week low of $4.88.
Summary
Methode Electronics reported fiscal Q1 sales of $265.4 million, beating the $237.98 million consensus, driven by strong data-center and lighting demand in its Industrial segment. The company affirmed its fiscal 2027 guidance of $1.025-1.075 billion in sales and $72-82 million in adjusted EBITDA, despite a wider net loss of $0.32 per share. New non-data-center awards totaling $75 million in peak annual revenue (~$400 million lifetime) add visibility. This follows the earlier Q1 loss report; the sales beat and guidance affirmation provide a more complete picture of the quarter's demand strength.
At the time of this announcement, MEI was trading at $14.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $642.5M. The 52-week trading range was $4.88 to $20.38. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.