Methode Electronics Inc
methode.comMethode Electronics Inc (NYSE: MEI) is an electronics manufacturing company that designs and produces electrical components and subsystems for automotive, industrial, interface, and data center markets. Revenue comes from transactional product sales to OEM customers and their tiered suppliers, with no subscription or licensing component disclosed. The company operates four reportable segments: Automotive (48.6% of net sales in fiscal year ended May 3, 2025), Industrial (46.5%), Interface (4.9%), and Medical (discontinued, 0.0%). Net sales were approximately $1.05 billion in fiscal 2025, derived from cost of products sold of $884.7 million against a gross margin of 15.6%. The five largest customers accounted for approximately 36% of consolidated net sales in fiscal 2025, with no single customer exceeding 10%. Methode reported a net loss of $62.6 million in fiscal 2025, compared to a net loss of $123.3 million in fiscal 2024. The company is headquartered in Chicago, Illinois, with manufacturing facilities across Belgium, China, Egypt, Malta, Mexico, and the United States.
Products & Services
Automotive segment: integrated overhead and center consoles, hidden and ergonomic switches, transmission lead-frames, insert molded components, LED-based lighting, magneto-elastic sensors. Industrial segment: exterior and interior lighting, industrial safety radio remote controls, braided flexible cables, laminated busbars, PowerRail power assemblies, high-current high-voltage flexible power cabling, powder-coated busbars. Interface segment: copper transceivers, distribution point units, solid-state field-effect consumer touch panels.
Revenue Model
Transactional product sales to automotive OEMs, their tiered suppliers, and industrial customers. Sales are governed by blanket purchase orders and production releases rather than long-term contracts.
Customers & Markets
Automobile OEMs and their tiered suppliers (Automotive segment). Aerospace, commercial vehicles, data centers, industrial equipment, military, power conversion, telecommunications, and transportation markets (Industrial segment). Data center and broadband operators, appliance manufacturers (Interface segment). Top five customers represented approximately 36% of consolidated net sales in fiscal year ended May 3, 2025; no single customer exceeded 10%.
Geographic Exposure
Manufacturing and warehousing operations in Belgium, China (Dongguan, Shanghai, Suzhou), Egypt (Cairo), Malta (Mriehel), Mexico (Monterrey, Santa Catarina Nuevo Leon), and the United States (McAllen, Texas). Corporate headquarters in Chicago, Illinois. Segment revenue reported across North America and EMEA geographies. Automotive segment North America net sales were $237.1 million in fiscal year ended May 3, 2025.
Financial Snapshot
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