Key Tronic Corporation reported a net loss of $34.3 million, or $3.16 per share, for its fourth quarter ended June 27, 2026, compared to a $3.9 million loss in the prior year period. Revenue declined 8% year-over-year to $102.0 million from $110.5 million, though it rose 14% sequentially from $89.6 million. The wider loss was driven by an $8.4 million write-off of long-term receivables from distressed customers and a $28.4 million non-cash charge for deferred tax asset valuation allowances. Gross margin improved to 7.8% from 6.2%, while operating margin deteriorated to (3.6)% from (2.1%). The company completed the wind-down of its China manufacturing operations, anticipating $4.0 million in savings for fiscal 2027, and secured over $60 million in new program awards. Key Tronic operates as an electronic manufacturing services provider.