Quarterly ResultOct 8, 2026, 03:51 PM
Richardson Electronics Q1 Net Sales $64.9M (+18.9% YoY); Net Income $4.1M (+112.6% YoY)
AI Summary
Richardson Electronics, Ltd. reported strong first quarter results for FY27, with net sales increasing 18.9% year-over-year to $64.9 million and net income surging 112.6% to $4.1 million, or $0.27 per diluted share. The company also announced its Board of Directors declared a quarterly cash dividend of $0.06 per share. Backlog reached $184.4 million, a 36.9% increase YoY, and the company generated $4.2 million in free cash flow.
Key Highlights
- Richardson Electronics reported Q1 FY27 net sales of $64.9M, up 18.9% YoY.
- Q1 FY27 net income increased 112.6% to $4.1M, or $0.27 per diluted share.
- Backlog at August 29, 2026, was $184.4M, up 36.9% year-over-year.
- Gross margin improved to 34.6% from 31.0% YoY, aided by an IEEPA Tariff Refund.
- Company generated $4.2M in free cash flow during the first quarter.
- Board of Directors declared a quarterly cash dividend of $0.06 per common share.
Price Impact
More from RELL