Kimball Electronics (KE) Q1 FY2027 earnings: revenue $391 million, up 6.9% on the year

Kimball Electronics, Inc. (KE) reported revenue of $391 million for Q1 FY2027, the quarter ended 30 September 2026, up 6.9% on the same quarter a year earlier. Net income was $3 million, down 73.8% on the year, and diluted earnings per share $0.11. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$391 million

+6.9% on the year · +5.2% on the quarter

Q2 FY2025Q1 FY2027

Operating margin

3.2%

4.0% a year earlier

Q2 FY2025Q1 FY2027

Net income

$3 million

-73.8% on the year · -69.0% on the quarter

Q2 FY2025Q1 FY2027

Diluted EPS

$0.11

-72.5% on the year · -68.6% on the quarter

Q2 FY2025Q1 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 kept.

Sales rose on sequential and yearly basis: Net sales were $390.8 million, up 5% from the prior quarter and 7% year over year. Acquisitions contributed 3 points of the year-over-year growth.
Medical sales rose 14%: Medical sales were $115.7 million, 29% of net sales, up 14%, with 9% organic growth.
Adjusted margin fell to 4.3%: Adjusted operating income was $17.0 million, or 4.3% of net sales, against $17.5 million, or 4.8%, a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Revenue	391	372	366	+5.2%	+6.9%
Cost of revenue	360	339	337	+6.3%	+6.9%
Gross profit	30.9	32.9	28.8	-6.3%	+7.1%
Gross margin	7.9%	8.9%	7.9%
Selling, general and administrative	18.1	18.0	13.1	+0.4%	+37.9%
Operating income	12.4	29.1	14.5	-57.4%	-14.4%
Operating margin	3.2%	7.8%	4.0%
Interest expense	3.5	2.0	2.4	+77.4%	+49.6%
Pre-tax income	7.8	26.5	11.0	-70.5%	-29.1%
Income tax	5.2	17.9	0.9	-71.2%	+465.3%
Effective tax rate	66.1%	67.8%	8.3%
Net income	2.6	8.5	10.1	-69.0%	-73.8%
Net margin	0.7%	2.3%	2.8%
Diluted EPS	$0.11	$0.35	$0.40	-68.6%	-72.5%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Operating cash flow	-19.3	42.4	8.1
Capital expenditure	9.0	8.5	10.5	+6.3%	-14.5%
Free cash flow	-28.3	34.0	-2.5
Free cash flow margin	-7.2%	9.1%	-0.7%
Cash from investing	-110	12.1	-6.2
Cash from financing	114	-49.5	-14.0
Depreciation and amortisation	11.1	10.0	9.1	+10.6%	+21.8%
Share-based compensation	1.7	2.2	1.6	-23.6%	+7.3%
Buybacks	3.1	2.2	1.2	+37.5%	+157.0%
Diluted shares, weighted	25m	25m	25m	+0.1%	-1.3%
Shares outstanding at period end	24m	24m	24m	+0.0%	-1.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Shareholders' equity	582	585	577	-0.5%	+0.9%
Debt	235	116	138	+102.6%	+71.2%
Operating lease liabilities	14.2	14.5	11.5	-2.1%	+24.1%
Other liabilities	405	376	352	+7.7%	+15.2%
Total liabilities and equity	1,237	1,092	1,078	+13.3%	+14.8%
Fixed assets	304	274	274	+11.0%	+11.1%
Goodwill	50.5	6.2	6.2	+715.0%	+715.0%
Intangible assets	25.5	1.9	2.3	+1,227.0%	+1,005.9%
Trading assets	4.3	4.4	4.3	-2.3%	0.0%
Cash and equivalents	72.8	88.9	75.7	-18.2%	-3.9%
Receivables	236	219	226	+7.9%	+4.4%
Inventory	312	272	273	+14.8%	+14.5%
Other assets	232	226	217	+2.6%	+6.8%
Total assets	1,237	1,092	1,078	+13.3%	+14.8%

Questions

What was Kimball Electronics' revenue in Q1 FY2027?

Kimball Electronics (KE) reported revenue of $391 million for Q1 FY2027, the quarter ended 30 September 2026, up 6.9% on the same quarter a year earlier.

How much did Kimball Electronics earn in Q1 FY2027?

Net income for Q1 FY2027 was $3 million, down 73.8% on the year, and diluted earnings per share $0.11.

When did Kimball Electronics report Q1 FY2027 results?

Kimball Electronics filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	315	368	373	406	437	485	496	438	421	425	430	374	357	375	380	366	341	353	372	391
Cost of revenue	294	334	339	377	403	442	446	403	387	391	393	351	334	348	350	337	313	325	339	360
Gross profit	20.8	33.9	34.2	29.3	34.2	43.0	49.7	35.5	34.4	33.5	36.7	23.6	23.4	26.9	30.5	28.8	27.9	27.8	32.9	30.9
Gross margin	7%	9%	9%	7%	8%	9%	10%	8%	8%	8%	9%	6%	7%	7%	8%	8%	8%	8%	9%	8%
SG&A	13.9	13.7	13.6	15.8	16.7	17.8	18.4	16.1	17.8	16.9	15.9	13.4	10.5	13.2	13.2	13.1	14.9	15.2	18.0	18.1
Operating income	6.9	20.3	20.6	13.6	17.5	25.2	31.4	19.5	16.6	-6.4	19.6	9.1	8.2	11.7	16.5	14.5	10.8	11.8	29.1	12.4
Operating margin	2%	6%	6%	3%	4%	5%	6%	4%	4%	-2%	5%	2%	2%	3%	4%	4%	3%	3%	8%	3%
Interest expense	0.5	0.7	1.1	1.9	4.0	4.8	5.5	5.4	6.1	5.9	5.4	4.8	4.2	2.9	2.8	2.4	2.1	2.1	2.0	3.5
Pre-tax income	6.7	18.2	15.3	12.2	14.2	21.9	26.5	13.2	11.3	-12.8	13.5	2.9	3.5	7.2	12.7	11.0	7.0	8.8	26.5	7.8
Tax rate	24%	25%	35%	22%	24%	25%	28%	19%	26%	n/a	44%	-9%	1%	47%	48%	8%	48%	35%	68%	66%
Net income	5.1	13.6	9.9	9.5	10.7	16.4	19.2	10.8	8.3	-6.1	7.5	3.2	3.4	3.8	6.6	10.1	3.6	5.7	8.5	2.6
Net margin	2%	4%	3%	2%	2%	3%	4%	2%	2%	-1%	2%	1%	1%	1%	2%	3%	1%	2%	2%	1%
Diluted EPS	$0.20	$0.54	$0.40	$0.38	$0.43	$0.65	$0.76	$0.43	$0.33	-$0.24	$0.30	$0.12	$0.14	$0.15	$0.26	$0.40	$0.15	$0.23	$0.35	$0.11
Operating cash flow	-48.3	-28.2	1.5	-60.2	-11.7	14.0	44.1	12.8	-30.7	42.6	48.5	45.5	29.5	30.9	78.1	8.1	6.9	14.9	42.4	-19.3
Capital expenditure	14.7	22.2	24.5	19.3	22.4	23.9	23.8	11.2	13.2	12.7	9.0	13.4	6.4	3.9	9.6	10.5	18.1	14.4	8.5	9.0
Free cash flow	-63.0	-50.4	-23.0	-79.5	-34.1	-9.8	20.2	1.6	-43.9	30.0	39.5	32.1	23.1	27.0	68.4	-2.5	-11.2	0.5	34.0	-28.3
Buybacks	n/a	4.7	n/a	n/a	n/a	n/a	n/a	0.0	0.0	0.0	2.8	2.9	3.1	3.0	3.0	1.2	4.4	4.0	2.2	3.1
Shares outstanding	25m	25m	25m	25m	25m	25m	25m	25m	25m	25m	25m	25m	25m	24m	24m	24m	24m	24m	24m	24m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.