Key Tronic Corporation Announces Results for the First Quarter of Fiscal 2027
Key Highlights
- ➤Q1 revenue $98.7 million, essentially flat year over year
- ➤$18 million of shipments delayed by supply-chain financing constraints
- ➤Backlog $245.9 million, up 76% year over year
- ➤Net loss widened to $7.5 million, or $0.69 per share
- ➤No Q2 revenue or earnings guidance issued amid capital constraints
Expert Statements
Brett Larsen, President and CEO of Key Tronic Corporation
“Customer demand remains strong, as our growing backlog demonstrates, but near-term liquidity challenges across the global supply chain have significantly constrained revenue in recent quarters.”
Brett Larsen, President and CEO of Key Tronic Corporation
“Despite these challenges, we believe our operational discipline, strengthened manufacturing footprint, and long-standing customer relationships position us better than many competitors, enabling us to keep winning business and ramping up new programs.”
Brett Larsen, President and CEO of Key Tronic Corporation
“In the first quarter of fiscal 2027, we won new programs in utilities power management, sustainable waste management, data centers, construction, and defense technology, representing more than $60 million in potential annual revenue.”
Brett Larsen, President and CEO of Key Tronic Corporation
“Our growing backlog, program wins and new business pipeline reflect our strong competitive position. While we first must navigate the ongoing near-term liquidity challenges, we expect revenue growth and a return to profitability in the second half of fiscal 2027.”
SPOKANE VALLEY, Wash., Nov. 03, 2026 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended September 26, 2026.
For the first quarter of fiscal year 2027, Key Tronic reported total revenue of $98.7 million, compared to $98.8 million in the same period of fiscal year 2026. Revenue for the first quarter of fiscal year 2027 continued to be constrained by tightening credit availability and liquidity pressures across the global supply chain. These supply chain financing constraints delayed approximately $18 million of the Company's shipments during the quarter, mostly involving programs manufactured in Mexico and the US. Revenue from Key Tronic’s Vietnam-based production continued to grow, driven by medical device and consumer products programs.
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