Quarterly ResultJul 22, 2026, 04:31 PM
Richardson Electronics Q4 Net Sales +27.6% to $66.2M; EPS $0.25
AI Summary
Richardson Electronics, Ltd. reported strong financial results for its fourth quarter and fiscal year ended May 30, 2026. Fourth-quarter net sales increased 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 2026, net sales grew 9.4% to $228.6 million, and net income reached $6.4 million, or $0.44 per diluted share. The company also announced a quarterly cash dividend of $0.06 per share and reported its highest backlog in three years at $164.4 million.
Key Highlights
- Fourth quarter net sales increased 27.6% year over year to $66.2 million.
- Fourth quarter GAAP net income rose 244.4% to $3.7 million, or $0.25 per diluted share.
- Fiscal 2026 net sales increased 9.4% to $228.6 million.
- Fiscal 2026 net income was $6.4 million, or $0.44 per diluted share.
- Backlog reached $164.4 million, an 8.7% increase from the prior quarter and highest in three years.
- Board of Directors declared a $0.06 per share quarterly cash dividend.
- Cash and cash equivalents stood at $31.8 million as of May 30, 2026.
- PMT sales increased 28.1%, GES sales increased 20.4%, and Canvys sales increased 29.5% in Q4.
Price Impact
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