Methode Electronics reported a strong fiscal Q4 2026 with net sales up 15.9% to $298.1 million and a net income of $0.4 million, reversing last year's loss. The full fiscal year saw a slight sales decline to $1.019 billion but improved adjusted EBITDA by 60.5% and reduced net loss. The company credits operational improvements and customer recoveries for the turnaround and expects fiscal 2027 sales between $1.025 billion and $1.075 billion with further profitability gains. This positions Methode well for growth in key markets like data centers and vehicle electrification.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...
Iran has warned it will retaliate fiercely if the US targets its infrastructure, following President Trump's threat to strike Iranian power plants and bridges next week if negotiations fail. The US recently conducted airstrikes against Iranian milita...
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
