Key Tronic posts $7.5 million Q1 net loss as revenue holds flat at $98.7 million
Key Tronic reported a first-quarter fiscal 2027 net loss of $7.5 million, or $0.69 per share, compared with a net loss of $2.3 million, or $0.21 per share, a year earlier. Revenue was roughly flat, while gross margin fell to 2.5% from 8.4%, and the company said supply chain financing constraints delayed about $18 million of shipments. The company will not issue revenue or earnings guidance for the second quarter, though it reported backlog of $245.9 million, up 76%.
Key points
- Revenue was $98.7 million, compared with $98.8 million a year earlier.
- Gross margin was 2.5%, compared with 8.4%; adjusted gross margin was 4.2%, compared with 9.6%.
- Net loss was $7.5 million, or $0.69 per share; adjusted net loss was $7.9 million, or $0.72 per diluted share.
- Backlog was $245.9 million, up 76%; the company will not provide second-quarter guidance and says its financial data is preliminary pending auditor review.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.