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Kimball Electronics, Inc.

KE

Kimball Electronics, Inc. • NASDAQ
$28.90 ▲ 0.14% (+0.04)
Market Cap $703.45 M
52w High $33.19
52w Low $12.41
Dividend Yield 0%
P/E 30.1
Volume 58.61K
Outstanding Shares 24.34M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $365.603M ▼ $13.09M ▼ $10.086M ▲ 2.759% ▲ $0.41 ▲ $22.452M ▼
Q4-2025 $380.472M ▲ $14.007M ▼ $6.581M ▲ 1.73% ▲ $0.27 ▲ $25.075M ▲
Q3-2025 $374.607M ▲ $15.18M ▼ $3.817M ▲ 1.019% ▲ $0.15 ▲ $19.241M ▲
Q2-2025 $357.392M ▼ $15.197M ▲ $3.432M ▲ 0.96% ▲ $0.14 ▲ $16.781M ▼
Q1-2025 $374.256M $14.485M $3.154M 0.843% $0.13 $16.871M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $75.696M ▼ $1.078B ▲ $500.777M ▼ $577.139M ▲
Q4-2025 $88.781M ▲ $1.077B ▲ $507.428M ▼ $569.884M ▲
Q3-2025 $51.377M ▼ $1.075B ▲ $526.44M ▼ $548.115M ▲
Q2-2025 $53.865M ▼ $1.074B ▼ $536.96M ▼ $537.476M ▼
Q1-2025 $76.564M $1.149B $601.298M $547.758M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $10.086M ▲ $8.065M ▼ $-6.202M ▲ $-13.966M ▲ $-11.987M ▼ $-2.505M ▼
Q4-2025 $6.581M ▲ $78.067M ▲ $-9.54M ▼ $-34.259M ▼ $36.58M ▲ $68.419M ▲
Q3-2025 $3.817M ▲ $30.938M ▲ $-3.946M ▲ $-29.36M ▲ $-1.633M ▲ $26.933M ▲
Q2-2025 $3.432M ▲ $29.458M ▼ $-6.44M ▼ $-44.301M ▲ $-23.835M ▼ $22.958M ▼
Q1-2025 $3.154M $45.474M $5.226M $-52.954M $-424K $32.117M

Revenue by Products

Product Q1-2025Q3-2025Q4-2025Q1-2026
Automotive
Automotive
 $190.00M ▲$170.00M ▼$380.00M ▲$160.00M ▼
Industrial
Industrial
 $100.00M ▲$90.00M ▼$170.00M ▲$100.00M ▼
Medical
Medical
 $90.00M ▲$120.00M ▲$190.00M ▲$100.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue climbed steadily through the earlier part of the period and then pulled back over the last two years, suggesting a shift from strong growth to a more challenging demand or pricing environment. Profitability has compressed: operating and net income are still positive, but well below prior peak levels, leaving less room for error if volumes soften or costs rise. The picture is of a solid but margin-pressured manufacturer, likely dealing with mix changes, inflation, and transition costs, rather than a structurally broken business. Restoring higher profitability is a key issue to watch.

Balance Sheet

Balance Sheet The balance sheet has grown as the company has expanded, with total assets and shareholder equity both trending upward, which points to cumulative value creation over time. At the same time, debt levels have risen from very low to more moderate, making the company more leveraged than it used to be, though not excessively so. Cash on hand is modest relative to the size of the business, implying a need for continued discipline in managing working capital and investment plans. Overall, the financial foundation looks sound but less conservative than in earlier years.

Cash Flow

Cash Flow Cash generation has been uneven. There were years when operating and free cash flow dipped into weak or negative territory, likely driven by inventory swings, customer timing, or heavy investment. More recently, operating and free cash flow have rebounded strongly, helped by better working capital management and more restrained capital spending. This volatility means cash flow quality is a key area to monitor: the business can generate good cash in healthy conditions, but results can swing when demand or investment cycles turn.

Competitive Edge

Competitive Edge Kimball Electronics operates in a specialized corner of the electronics manufacturing world, focusing on complex, high-reliability products for medical, automotive, and industrial customers. Its strength lies in deep regulatory know-how, strict quality systems, and long-standing customer relationships that tend to be very “sticky” because switching suppliers in these markets is costly and risky for clients. A global footprint with regional manufacturing helps support major customers close to where they operate. Risks include exposure to cyclical end markets like autos and industrials, potential customer concentration, and ongoing price pressure from larger contract manufacturers, but its niche focus in regulated, safety-critical products provides a meaningful competitive buffer.

Innovation and R&D

Innovation and R&D Innovation for Kimball is more about advanced processes and engineering support than about launching its own branded products. The company has embraced smart-factory and automation technologies to improve quality and efficiency, and it works closely with customers early in the design phase to ensure products can be made reliably at scale. It is investing to deepen its role in medical manufacturing, including a large new facility focused on that segment, and it is closely aligned with trends in automotive electronics, driver-assistance systems, and connected medical devices. These moves could add higher-value programs and longer product lifecycles, but they also bring execution risk as new capacity is ramped and complex programs are onboarded.

Summary

Kimball Electronics combines a solid, niche competitive position with more mixed recent financial performance. The company has built a durable franchise in high-stakes, regulated electronics manufacturing, backed by long-term customer relationships and strong process capabilities. However, revenue has cooled from earlier highs, margins and earnings have come down, leverage has increased from very low levels, and cash flows have been somewhat volatile, even though they have recently improved. The main questions going forward center on whether the company can translate its strategic pushes in medical and advanced automotive electronics into steadier growth and stronger margins, while maintaining balance sheet flexibility and more consistent cash generation.

NEWS

November 17, 2025 · 4:05 PM UTC

Kimball Electronics to Participate at the 7th Annual Wolfe Research Healthcare Conference

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November 5, 2025 · 4:05 PM UTC

Kimball Electronics Reports Q1 Results; Company Reiterates Guidance for Fiscal 2026

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October 30, 2025 · 9:00 AM UTC

Kimball Electronics Wins Highest Customer Ratings in Seven Categories of CIRCUITS ASSEMBLY'S 2025 Service Excellence Awards

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October 22, 2025 · 3:00 PM UTC

Kimball Electronics, Inc. Announces Date For Reporting First Quarter Fiscal Year 2026 Financial Results

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September 25, 2025 · 9:00 PM UTC

Kimball Electronics, Inc. Announces Annual Meeting Of Share Owners

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