| Metric | Value ($ M) | Q4 FY25 | Q1 FY25 |
|---|---|---|---|
| Revenue | 54.61 | 1.5% | 1.6% |
| Total Income | 54.61 | 1.5% | 1.6% |
| Expenditure | 53.64 | 5.2% | 0.4% |
| PBT | 2.33 | 175.4% | 258.5% |
| Net Profit | 1.91 | 192.7% | 223.7% |
| OPM | 1.77% | 6.87pp | 1.19pp |
| NPM | 3.50% | 7.32pp | 2.40pp |
| EPS | — |
Richardson Electronics Reports Q1 FY26 Net Sales Increase of 1.6% YoY
04 May 2026 · 4 May, 9:04 am
Summary
Richardson Electronics reported a 1.6% increase in net sales for the first quarter of fiscal 2026, reaching $54.6 million. Excluding the Healthcare segment, net sales grew by 6.8% year-over-year. The company's operating income significantly improved, more than tripling to $1.0 million. Edward J. Richardson, Chairman, CEO, and President, expressed confidence in the company's ability to deliver improved results this year, citing a solid balance sheet and a highly capable team.
Key Highlights
- 1
Net sales for the first quarter of fiscal 2026 increased by 1.6% year-over-year to $54.6 million.
- 2
Excluding Healthcare, net sales grew by 6.8% compared to the prior year.
- 3
Operating income for the first quarter of fiscal 2026 more than tripled to $1.0 million from $0.3 million in the prior year's first quarter.
- 4
Earnings per common share (diluted) were $0.13 in the first quarter of fiscal 2026, compared to $0.04 in the first quarter of fiscal 2025.
- 5
EBITDA for the first quarter of fiscal 2026 was $3.3 million, versus $1.7 million in the prior year’s first quarter.
- 6
Backlog totaled $134.7 million at the end of the first quarter of fiscal 2026, compared to $134.2 million at the end of fiscal 2025.
- 7
The Board of Directors declared a $0.06 quarterly cash dividend per share.
Management Comments
Edward J. Richardson
We are pleased with our solid first quarter fiscal 2026 results, reflecting the value we provide our global customers, the diversity of our end markets, and the hard work and commitment of our associates. Excluding Healthcare, which the majority of assets were sold in January 2025, net sales grew by 6.8%, led by strong year-over-year growth in our semiconductor wafer fab business. A more profitable sales mix, combined with our continued focus on controlling fixed costs, drove a significant improvement in operating income, that more than tripled from the prior year’s first quarter. We also generated positive operating cash flow for the sixth consecutive quarter. Our focus on driving growth and pursuing opportunities to enhance sales and profitability has provided a strong start to fiscal 2026. With a solid balance sheet, and a highly capable team, we are confident in our ability to deliver improved results this year.
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