Quarterly ResultJul 22, 2026, 04:17 PM
Richardson Electronics Q4 Net Income +244% to $3.7M; Sales +27.6%
AI Summary
Richardson Electronics reported strong financial results for its fourth quarter and fiscal year ended May 30, 2026. Fourth quarter net sales rose 27.6% to $66.2 million, with GAAP net income surging 244.4% to $3.7 million, or $0.25 per diluted share. For the full fiscal year, net sales increased 9.4% to $228.6 million, and the company achieved a net income of $6.4 million, reversing a loss from the previous year. The company also announced a quarterly cash dividend of $0.06 per share and noted its backlog reached a three-year high of $164.4 million.
Key Highlights
- Fourth quarter net sales increased 27.6% year over year to $66.2 million.
- Fourth quarter GAAP net income increased 244.4% to $3.7 million, or $0.25 per diluted share.
- Fiscal 2026 net sales increased 9.4% to $228.6 million, marking second consecutive year of growth.
- Fiscal 2026 GAAP net income was $6.4 million, or $0.44 per diluted share, reversing prior year's loss.
- Backlog reached $164.4 million, its highest level in three years, up 8.7% from Q3.
- Power and Microwave Technologies (PMT) Q4 sales increased 28.1%.
- Green Energy Solutions (GES) Q4 sales increased 20.4%.
- Canvys Q4 sales increased 29.5%.
- Board of Directors declared a $0.06 per share quarterly cash dividend.
Price Impact
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