MEDIUMBuilt-inProduct / Revenue mix
46%
automotive end market
“10-K Item 1: 'Automotive| 46%| | 47%| | 46%'”
KE · Concentration risk · 10-K extracted
Kimball Electronics (KE) concentration risks
Updated
The most significant concentration Kimball Electronics discloses is automotive end market at 46%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Kimball Electronics’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 6 disclosed concentrations
HIGH0
MEDIUM3
LOW3
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
40%
top three customers (Nexteer Automotive, Philips, ZF)
“10-K Item 1A: 'sales to our three largest customers — Nexteer Automotive, Philips, and ZF — accounted for approximately 40% of our net sales in the aggregate'”
MEDIUMBuilt-inGeographic
outside the United States
“10-K Item 1A: 'We derive a substantial majority of our revenues from our operations outside the United States, primarily in China, Mexico, Poland, Romania, and Thailand.'”
LOWOutside partyCustomer
18%
Nexteer Automotive
“10-K Item 1A: 'sales to Nexteer Automotive alone accounted for approximately 18% of our net sales'”
LOWOutside partyCustomer
11%
Philips
“10-K Item 1: 'Philips| 11%| | *| | *'”
LOWOutside partyCustomer
11%
ZF
“10-K Item 1: 'ZF| 11%| | 11%| | 13%'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-08-30Kimball Electronics carries overlapping concentration exposures across product mix, customers, and geography. The automotive end market represents 46% of the business, a medium-share structural concentration in one industry vertical. Its three largest customers — Nexteer Automotive, Philips, and ZF — account for approximately 40% of net sales in the aggregate, a medium-share customer dependency: Nexteer alone contributes approximately 18%, Philips 11%, and ZF 11%, each a low-share dependency individually but material combined. Geographically, Kimball derives a substantial majority of revenues from operations outside the United States, primarily in China, Mexico, Poland, Romania, and Thailand, a medium-share structural exposure. These exposures overlap: Nexteer, Philips, and ZF are themselves automotive customers, so a downturn in that end market would hit both the 46% product concentration and the 40% customer concentration together rather than as independent risks. The low-share individual customer dependencies (18%, 11%, 11%) are the more idiosyncratic, counterparty-specific layer sitting on top of the structural, industry-wide automotive and geographic exposures — meaning both a sector-wide automotive slowdown and a customer-specific relationship change could each move results.
For the engine’s reasoning on KE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Electrical Equipment & Parts
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AYI | Acuity Inc. | 2 | 0 | 1 | 3 |
| AEIS | Advanced Energy Industries, Inc | 2 | 0 | 0 | 2 |
| ATKR | Atkore Inc. | 1 | 1 | 1 | 3 |
| BE | Bloom Energy Corporation | 1 | 1 | 0 | 2 |
| KE● | Kimball Electronics, Inc. | 0 | 3 | 3 | 6 |
| AMPX | Amprius Technologies, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.