Core Insights - Kimball Electronics (KE) reported second-quarter fiscal 2026 earnings of 28 cents per share, matching Zacks Consensus Estimates, but down from 29 cents per share a year ago [1][10] - Revenues for the quarter were $341.28 million, missing the Zacks Consensus Estimate by 0.36% and down from $357.4 million in the same quarter last year [1][10] Financial Performance - The medical vertical contributed 28% to KE's second-quarter revenue, growing 15% year over year to $96.3 million, driven by strong performance in core medical programs [3] - The automotive vertical, accounting for 48% of total revenue, declined 13% year over year to $162.3 million [4] - The industrial segment, contributing 24% of total revenues, saw a 5% year-over-year decline to $82.7 million [5] - Gross profit increased 19% year over year to $27.8 million, with gross margin rising 160 basis points to 8.2% [6] - Non-GAAP operating income was $15.31 million, up 14.8% year over year, with a non-GAAP operating margin increase of 80 basis points to 4.5% [6] Balance Sheet and Cash Flow - As of December 31, 2025, KE had cash and cash equivalents of $77.85 million, up from $75.7 million as of September 30, 2025 [7] - The company generated $6.9 million in cash from operations, marking the eighth consecutive quarter of positive operating cash flow [7] - Total debt stood at $154.2 million [7] Guidance and Outlook - For fiscal 2026, KE raised its net sales guidance to a range of $1.40 billion to $1.46 billion, up from the previous outlook of $1.35 billion to $1.45 billion [8] - The Zacks Consensus Estimate for fiscal 2026 revenues is $1.41 billion, indicating a year-over-year decline of 5.4% [8] - Adjusted operating income is projected to be 4.2% to 4.5% of net sales, an increase from the earlier estimate of 4.0% to 4.25% [9]

This story was originally published on WardsAuto. To receive daily news and insights, subscribe to our free daily WardsAuto newsletter. Automotive technology supplier Aumovio has announced it will eliminate 4,000 jobs among its global workforce by the end of 2026. The job cuts will fall most heavily in its domestic market of Germany, with the number of positions affected “reaching into the high triple digits,” according to the company’s Jan. 27 press release. Aumovio said the cuts,  also involving its si ...