| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 52.29 | 4.3% | 5.7% |
| Total Income | 52.29 | 4.3% | 5.7% |
| Expenditure | 52.16 | 2.8% | 4.0% |
| PBT | -0.20 | 108.6% | 81.1% |
| Net Profit | -0.12 | 106.3% | 84.0% |
| OPM | 0.25% | 1.52pp | 1.60pp |
| NPM | -0.23% | 3.73pp | 1.29pp |
| EPS | — |
Richardson Electronics Reports Q2 FY26 Results; Net Sales Up 5.7%
04 May 2026 · 4 May, 1:51 am
Summary
Richardson Electronics reported a 5.7% increase in net sales for Q2 FY26, reaching $52.3 million. The growth was primarily driven by a 39% increase in Green Energy Solutions (GES) sales. Excluding Healthcare, net sales increased by 9%. The company's backlog totaled $135.7 million. The Board of Directors declared a quarterly cash dividend of $0.06 per share.
Key Highlights
- 1
Richardson Electronics' Q2 FY26 net sales increased by 5.7% year-over-year to $52.3 million.
- 2
GES net sales increased by 39% year-over-year, leading the company's growth.
- 3
Excluding Healthcare, net sales increased 9% year-over-year.
- 4
Backlog totaled $135.7 million at the end of the second quarter of fiscal 2026.
- 5
The Board of Directors declared a $0.06 per share quarterly cash dividend.
- 6
EBITDA improved to $0.7 million in the second quarter of fiscal 2026, from breakeven in the prior year’s second quarter.
- 7
Net loss per common share (diluted) was $0.01 in the second quarter of fiscal 2026, compared to net loss per common share (diluted) of $0.05 in the second quarter of fiscal 2025.
Management Comments
Edward J. Richardson
“We delivered solid second-quarter fiscal 2026 revenue growth of 5.7%, led by strong year-over-year performance in our Green Energy Solutions (GES) business. “Excluding Healthcare, where the majority of assets were divested in January 2025, net sales increased 9%. In a fluid macro environment, higher volumes combined with disciplined cost management drove a significant year-over-year improvement in operating income.“For the first six months of fiscal 2026, our focused execution and profitable growth strategy generated strong profitability and improved operating leverage. With a strong balance sheet, durable customer relationships, and a highly capable team, we are well positioned to drive continued earnings improvement and value creation for shareholders for the remainder of the year,”
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