Methode Electronics (MEI) reported third-quarter 2026 revenue of $233.7 million, down 2.6% year-over-year, while gross profit declined to $38.8 million, a 6.1% decrease versus the prior year.
The company recorded an operating loss of -$6.1 million, a 177.3% year-over-year improvement, and a net loss attributable to common shareholders of -$15.9 million, improved 18.7% year-over-year. Diluted earnings per share was -0.45, up 9.8% year-over-year, but it missed the consensus estimate of -0.202.
Key financial highlights:
Revenue topped the expectation of $223.4 million, providing some offset to the pressures on margins and earnings.
Shares of Methode Electronics (MEI) moved about 7.02% since market close.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Methode Electronics Inc. Hedge Fund Activity
We have seen 63 institutional investors add shares of Methode Electronics Inc. stock to their portfolio, and 111 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 1,358,098 shares (-87.0%) from their portfolio in Q4 2025, for an estimated $9,017,770
- 4D ADVISORS, LLC added 500,000 shares (+inf%) to their portfolio in Q4 2025, for an estimated $3,320,000
- UBS GROUP AG removed 461,076 shares (-96.7%) from their portfolio in Q4 2025, for an estimated $3,061,544
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 331,618 shares (+31.6%) to their portfolio in Q4 2025, for an estimated $2,201,943
- MACKENZIE FINANCIAL CORP added 251,500 shares (+1841.5%) to their portfolio in Q4 2025, for an estimated $1,669,960
- CITADEL ADVISORS LLC added 228,066 shares (+225.7%) to their portfolio in Q4 2025, for an estimated $1,514,358
- SEI INVESTMENTS CO added 199,769 shares (+412.4%) to their portfolio in Q4 2025, for an estimated $1,326,466
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
