Strattec Reports Q3 Revenue of $137.6M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 07 2026
0mins
Reports Q3 revenue $137.6M, two estimates $140.35M. Jennifer Slater, President and CEO of Strattec, said, "We are continuing to progress on our strategy to transform Strattec into a more predictable, higher performing business even as we continually face the challenges of the automotive industry including weak end market demand, platform changes, tariffs and the long-cycle nature of the sector. Our near-term objectives remain focused on improving our cost structure and driving a stronger more predictable business while positioning ourselves to win new opportunities on future platforms for model years 2029 and beyond and developing deeper relationships with both current and prospective customers."
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy STRT?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on STRT
About STRT
Strattec Security Corporation designs, develops, manufactures and markets automotive security, access control, and user interface control products and solutions. The Company’s products and solutions include mechanical locks and keys, electronically enhanced locks and keys, passive entry passive start systems (PEPS), steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate systems, power lift gate systems, power deck lid systems, door handles, steering wheel switches and controller, E-shifters, paddle switches and related products. The Company provides its products primarily to North American automotive customers. The Company is a direct supplier to original equipment manufacturers (OEMs), automotive and light truck manufacturers, as well as other transportation-related manufacturers. Its products are shipped to customer locations in the United States, Canada, Mexico, Europe, South America, Korea, and China.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Strattec Authorizes $40 Million Share Buyback Program
- Buyback Program Initiation: Strattec Security Corp.'s board has authorized a new share repurchase program of up to $40 million, terminating the previous buyback plan that had been in place since 1996, reflecting the company's confidence in future growth.
- Repurchase Details: Before ending the old plan, Strattec repurchased 110,269 shares at an average price of $67.10 in the fiscal fourth quarter, indicating proactive capital management strategies.
- Strong Cash Position: CEO Jennifer Slater stated that the company's 'strong cash position' enables it to invest in growth while returning capital to shareholders, showcasing its robust financial health.
- Positive Market Reaction: In pre-market trading on Nasdaq, Strattec's shares rose by 0.01% to $75.07, following a 1.20% increase at the close of Wednesday's regular session, indicating investor approval of the new buyback program.
See More
Strattec Authorizes $40M Stock Buyback Program
- Buyback Program Initiation: Strattec has authorized a new stock buyback program allowing for the repurchase of up to $40 million in common stock, aimed at enhancing shareholder value and boosting market confidence.
- Termination of Old Program: The company has terminated its previous stock repurchase program that had been in place since 1996, indicating a strategic shift to adapt to current market conditions and financial status.
- Recent Buyback Activity: Prior to terminating the old program, Strattec repurchased 110,269 shares in Q4 at an average price of $67.10 per share, demonstrating the company's confidence in its stock.
- Future Outlook: Strattec expects Q4 revenue to decline by 3%-4% year-over-year while targeting a gross margin of 18%-20% over the next few years, reflecting ongoing efforts in profitability transformation.
See More
Strattec Security Corporation Q3 Fiscal 2026 Earnings Call Insights
- Strong Financial Performance: Strattec reported $11.4 million in operating cash flow for Q3 FY2026, maintaining a gross margin of 16.5% despite challenges in the automotive sector, indicating improved profitability driven by restructuring and operational focus.
- Cost-Saving Initiatives: Additional restructuring actions in Mexico are expected to yield $800,000 in annualized savings starting in Q4, further enhancing the company's strategic focus on customer diversification and local sourcing.
- Sales Dynamics Analysis: Although sales declined by 4.5% year-over-year, pricing benefits and tariff recoveries partially offset the impact of canceled EV programs, with expectations of continued influence from these factors in the coming quarters.
- Future Outlook: Management anticipates a revenue decline of 3% to 4% year-over-year in Q4 while reiterating long-term targets of 18% to 20% gross margin, demonstrating resilience and strategic clarity in the face of external pressures.
See More
Strattec Security Q3 Earnings Miss Expectations
- Earnings Shortfall: Strattec Security reported a Q3 non-GAAP EPS of $0.90, missing expectations by $0.32, indicating pressure on profitability that could undermine investor confidence.
- Revenue Decline: The company’s revenue of $137.6 million represents a 4.5% year-over-year decrease and fell short of expectations by $2.75 million, reflecting challenges from weak market demand and increased competition.
- Profitability Transformation: Despite the disappointing earnings report, Strattec is undergoing a profitability transformation aimed at improving future financial performance through operational optimization and cost control, potentially laying the groundwork for long-term growth.
- Market Reaction Outlook: Given the earnings miss, the market may react negatively to Strattec's stock price, prompting investors to closely monitor the company's subsequent strategic adjustments and market recovery efforts.
See More
Strattec to Release Q3 Fiscal 2026 Results on May 7
- Earnings Release Schedule: Strattec will announce its fiscal 2026 third quarter results after market close on May 7, 2026, providing detailed financial and operational data to help investors assess company performance.
- Conference Call Timing: The company will host a conference call on May 8, 2026, at 8:00 a.m. Central Time, where it will analyze the earnings report in depth and include a Q&A session to enhance investor engagement.
- Replay Information: A recording of the conference call will be available post-meeting, allowing investors who could not attend live to access important information by dialing +1 (412) 317-6671 and entering replay PIN 13759857.
- Company Background: Strattec is a global provider of automotive access solutions, focused on enhancing vehicle security and user experience through close collaboration with OEMs, with a strategic goal of expanding market share and diversifying its customer base to drive long-term growth.
See More
Strattec Security Shares Rise 5.4% on Cost-Saving Initiatives
- Stock Price Surge: Strattec Security's shares rose 5.4% to $80.4 in the last trading session, with trading volume exceeding average levels, indicating positive market sentiment towards its cost-saving initiatives.
- Enhanced Financial Flexibility: As of December 28, 2025, the company reported $99 million in cash and cash equivalents against total debt of $2.5 million, significantly improving its financial flexibility for future investments and operations.
- Cost-Saving Initiatives: In the second quarter of fiscal 2026, the company introduced a voluntary early retirement program and restructured its Mexico operations, expected to generate annual savings of approximately $3.4 million, thereby optimizing operational efficiency.
- Earnings Outlook: Although the expected quarterly earnings are $1.14 per share, reflecting a 24% year-over-year decline, Strattec Security remains in focus with a Zacks Rank of #1 (Strong Buy), indicating investor confidence in its future performance.
See More
Strattec Authorizes $40 Million Share Buyback Program
- Buyback Program Initiation: Strattec Security Corp.'s board has authorized a new share repurchase program of up to $40 million, terminating the previous buyback plan that had been in place since 1996, reflecting the company's confidence in future growth.
- Repurchase Details: Before ending the old plan, Strattec repurchased 110,269 shares at an average price of $67.10 in the fiscal fourth quarter, indicating proactive capital management strategies.
- Strong Cash Position: CEO Jennifer Slater stated that the company's 'strong cash position' enables it to invest in growth while returning capital to shareholders, showcasing its robust financial health.
- Positive Market Reaction: In pre-market trading on Nasdaq, Strattec's shares rose by 0.01% to $75.07, following a 1.20% increase at the close of Wednesday's regular session, indicating investor approval of the new buyback program.
See More
Strattec Authorizes $40M Stock Buyback Program
- Buyback Program Initiation: Strattec has authorized a new stock buyback program allowing for the repurchase of up to $40 million in common stock, aimed at enhancing shareholder value and boosting market confidence.
- Termination of Old Program: The company has terminated its previous stock repurchase program that had been in place since 1996, indicating a strategic shift to adapt to current market conditions and financial status.
- Recent Buyback Activity: Prior to terminating the old program, Strattec repurchased 110,269 shares in Q4 at an average price of $67.10 per share, demonstrating the company's confidence in its stock.
- Future Outlook: Strattec expects Q4 revenue to decline by 3%-4% year-over-year while targeting a gross margin of 18%-20% over the next few years, reflecting ongoing efforts in profitability transformation.
See More
Strattec Security Corporation Q3 Fiscal 2026 Earnings Call Insights
- Strong Financial Performance: Strattec reported $11.4 million in operating cash flow for Q3 FY2026, maintaining a gross margin of 16.5% despite challenges in the automotive sector, indicating improved profitability driven by restructuring and operational focus.
- Cost-Saving Initiatives: Additional restructuring actions in Mexico are expected to yield $800,000 in annualized savings starting in Q4, further enhancing the company's strategic focus on customer diversification and local sourcing.
- Sales Dynamics Analysis: Although sales declined by 4.5% year-over-year, pricing benefits and tariff recoveries partially offset the impact of canceled EV programs, with expectations of continued influence from these factors in the coming quarters.
- Future Outlook: Management anticipates a revenue decline of 3% to 4% year-over-year in Q4 while reiterating long-term targets of 18% to 20% gross margin, demonstrating resilience and strategic clarity in the face of external pressures.
See More
Strattec Security Q3 Earnings Miss Expectations
- Earnings Shortfall: Strattec Security reported a Q3 non-GAAP EPS of $0.90, missing expectations by $0.32, indicating pressure on profitability that could undermine investor confidence.
- Revenue Decline: The company’s revenue of $137.6 million represents a 4.5% year-over-year decrease and fell short of expectations by $2.75 million, reflecting challenges from weak market demand and increased competition.
- Profitability Transformation: Despite the disappointing earnings report, Strattec is undergoing a profitability transformation aimed at improving future financial performance through operational optimization and cost control, potentially laying the groundwork for long-term growth.
- Market Reaction Outlook: Given the earnings miss, the market may react negatively to Strattec's stock price, prompting investors to closely monitor the company's subsequent strategic adjustments and market recovery efforts.
See More
Strattec to Release Q3 Fiscal 2026 Results on May 7
- Earnings Release Schedule: Strattec will announce its fiscal 2026 third quarter results after market close on May 7, 2026, providing detailed financial and operational data to help investors assess company performance.
- Conference Call Timing: The company will host a conference call on May 8, 2026, at 8:00 a.m. Central Time, where it will analyze the earnings report in depth and include a Q&A session to enhance investor engagement.
- Replay Information: A recording of the conference call will be available post-meeting, allowing investors who could not attend live to access important information by dialing +1 (412) 317-6671 and entering replay PIN 13759857.
- Company Background: Strattec is a global provider of automotive access solutions, focused on enhancing vehicle security and user experience through close collaboration with OEMs, with a strategic goal of expanding market share and diversifying its customer base to drive long-term growth.
See More
Strattec Security Shares Rise 5.4% on Cost-Saving Initiatives
- Stock Price Surge: Strattec Security's shares rose 5.4% to $80.4 in the last trading session, with trading volume exceeding average levels, indicating positive market sentiment towards its cost-saving initiatives.
- Enhanced Financial Flexibility: As of December 28, 2025, the company reported $99 million in cash and cash equivalents against total debt of $2.5 million, significantly improving its financial flexibility for future investments and operations.
- Cost-Saving Initiatives: In the second quarter of fiscal 2026, the company introduced a voluntary early retirement program and restructured its Mexico operations, expected to generate annual savings of approximately $3.4 million, thereby optimizing operational efficiency.
- Earnings Outlook: Although the expected quarterly earnings are $1.14 per share, reflecting a 24% year-over-year decline, Strattec Security remains in focus with a Zacks Rank of #1 (Strong Buy), indicating investor confidence in its future performance.
See More
