Methode Electronics Inc 2026年季度报告

FORM 10-Q (Mark One) ☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended January 31, 2026or ☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ______ to ______ Commission file number 001-33731 METHODE ELECTRONICS, INC.(Exact name of registrant as specified in its charter) 36-2090085(I.R.S. EmployerIdentification No.)48034-2253(Zip Code) Delaware(State or other jurisdiction of (Registrant’s telephone number, including area code)(708) 867-6777 8750 West Bryn Mawr Avenue, Suite 1000, Chicago, Illinois(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was requiredto submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐Emerging growth company☐ Smaller reporting company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Securities Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒At March 2, 2026, the registrant had 35,430,421 shares of common stock outstanding. METHODE ELECTRONICS, INC.INDEX Item 1.Financial StatementsCondensed Consolidated Statements of Operations (Unaudited) - Three and Nine Months Ended January 31,2026 and February 1, 20252Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - Three and Nine MonthsEnded January 31, 2026 and February 1, 20253Condensed Consolidated Balance Sheets as of January 31, 2026 (Unaudited) and May 3, 20254Condensed Consolidated Statements of Shareholders’ Equity (Unaudited) - Three and Nine Months EndedJanuary 31, 2026 and February 1, 20255Condensed Consolidated Statements of Cash Flows (Unaudited) -Nine Months Ended January 31, 2026 andFebruary 1, 20257Notes to Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations25Item 3.Quantitative and Qualitative Disclosures About Market Risk36Item 4.Controls and Procedures36PART II.OTHER INFORMATIONItem 1Legal Proceedings37Item 1A.Risk Factors37Item 2.Unregistered Sales of Equity Securities and Use of Proceeds37Item 5.Other Information37Item 6.Exhibits38SIGNATURES39 PART I. FINANCIAL INFORMATION METHODE ELECTRONICS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)(in millions, except per share data) METHODE ELECTRONICS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)(in millions) METHODE ELECTRONICS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(in millions, except share and per share data) METHODE ELECTRONICS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited)(in millions, except share data) METHODE ELECTRONICS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited) (continued)(in millions, except share data) METHODE ELECTRONICS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(in millions) METHODE ELECTRONICS, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Note 1.Description of Business and Summary of Significant Accounting Policies Description of business Methode Electronics, Inc. (the “Company” or “Methode”) is a leading global supplier of custom engineered solutions withsales, engineering and manufacturing locations in North America, Europe, Middle East and Asia. The Company designs, engineersand produces mechatronic products for Original Equipment Manufacturers (“OEMs”) utilizing its broad range of technologies foruser interface, light-emitting diode (“LED”) lighting system, power distribution, and sensor applications. The Comp