Quarterly ResultApr 8, 2026, 04:38 PM
RICHARDSON ELECTRONICS Reports Q3 FY26 Net Income of $0.9M, $0.07 EPS; PMT Sales Up 9.7% YoY, Backlog Rises 11.4%
AI Summary
Richardson Electronics, Ltd. announced its financial results for the third quarter of fiscal year 2026, reporting a net income of $0.9 million, which translates to $0.07 per diluted share. The company experienced an overall increase in net sales, significantly driven by a 9.7% year-over-year growth in its Power & Microwave Technologies (PMT) segment. Furthermore, the total backlog at the end of the quarter, February 28, 2026, showed a robust increase of 11.4% compared to the previous fiscal quarter, signaling positive future revenue potential. The company also declared a quarterly cash dividend.
Key Highlights
- Net income for the third quarter ended February 28, 2026, was $0.9 million.
- Diluted earnings per share (EPS) for Q3 FY26 stood at $0.07.
- Q3 FY26 net sales increased, led by a 9.7% year-over-year rise in Power & Microwave Technologies (PMT) net sales.
- Total backlog as of February 28, 2026, increased by 11.4% from the end of the fiscal second quarter.
- The company declared a quarterly cash dividend.
Price Impact
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