Methode
Methode Electronics, Inc., founded in 1946 and headquartered in Chicago, Illinois, is a global developer of custom-engineered solutions for the automotive, medical, industrial, and consumer electronics industries.
Profile
Designs and manufactures custom-engineered electronic components and systems.
Methode Electronics, Inc., founded in 1946 and headquartered in Chicago, Illinois, is a global developer of custom-engineered solutions for the automotive, medical, industrial, and consumer electronics industries. The company designs and manufactures a wide range of products, including sensors, switches, and connectivity solutions, often tailored to meet specific customer requirements. Methode has historically relied on its automotive segment for a significant portion of its revenue, but diversification into other sectors has been a strategic focus in recent years.
As of 2025, Methode reported annual revenues of approximately $1.2 billion, with a workforce of around 6,000 employees across 15 manufacturing facilities worldwide. The company has faced challenges, including a securities fraud class action lawsuit filed in October 2024, alleging misleading statements about its business growth and customer contracts. Methode’s leadership has emphasized innovation and operational efficiency as key drivers of its strategy, but market pressures and customer concentration risks remain notable concerns.
Who buys this
- Automotive manufacturers
- Medical device companies
- Industrial equipment producers
- Consumer electronics brands
- Telecommunications firms
Strengths and what to watch
Strengths
- Strong expertise in custom-engineered solutions
- Diverse product portfolio across multiple industries
- Global manufacturing footprint with 15 facilities
Watch for
- Securities fraud lawsuit alleging misleading business statements
- High dependence on the automotive sector for revenue
- Operational risks from global supply chain disruptions
Key Information
- Founded
- 1946
- Headquarters
- Chicago, Illinois
Frequently Asked Questions
What does Methode Electronics do?
Methode Electronics designs and manufactures custom-engineered electronic components and systems for automotive, medical, industrial, and consumer electronics industries. Founded in 1946, the Chicago-based company produces sensors, switches, and connectivity solutions tailored to customer needs, with $1.2 billion annual revenue and 6,000 employees globally.
What industries use Methode Electronics' products?
Methode serves automotive manufacturers, medical device companies, industrial equipment producers, consumer electronics brands, and telecommunications firms. Their custom-engineered solutions include sensors and connectivity systems, with automotive being a historically significant segment, though diversification into other sectors has been a recent strategic focus.
What is the Methode Electronics lawsuit about?
A securities fraud class action lawsuit filed in October 2024 alleges Methode made misleading statements about business growth and customer contracts. The case, with a lead plaintiff deadline of October 25, 2024, represents financial and reputational risks for the $1.2 billion revenue company.
Where are Methode Electronics' manufacturing facilities located?
Methode operates 15 manufacturing facilities worldwide, supporting its global customer base. The Chicago-headquartered company leverages this footprint to produce custom electronic components, though supply chain disruptions remain an operational challenge across its automotive, medical, and industrial segments.
How big is Methode Electronics?
Methode reported $1.2 billion annual revenue in 2025 with 6,000 employees. The company maintains a diverse product portfolio and global manufacturing presence across 15 facilities, though its historical reliance on automotive sector revenue and recent legal challenges impact its market position.
What are Methode Electronics' competitive strengths?
Methode's strengths include expertise in custom-engineered solutions, a diversified product portfolio, and global manufacturing capabilities. However, the company faces risks from its automotive sector dependence and ongoing securities litigation, requiring balanced innovation and operational efficiency to maintain its market position.
Sources
- www.businesswire.com — Securities fraud lawsuit filed against Methode Electronics