| Metric | Value ($ M) | vs Q2 FY26 |
|---|---|---|
| Revenue | 55.47 | 6.1% |
| Total Income | 55.47 | 6.1% |
| Expenditure | 53.98 | 3.5% |
| PBT | 1.20 | 700.0% |
| Net Profit | 0.89 | 841.7% |
| OPM | 2.70% | 2.45pp |
| NPM | 1.61% | 1.84pp |
| EPS | — |
Richardson Electronics Reports Q3 FY2026 Results: Net Income $0.9M, Sales $55.5M
09 Apr 2026 · 9 Apr, 2:08 am
Summary
Richardson Electronics reported a 3.1% increase in net sales for the third quarter of fiscal 2026, reaching $55.5 million compared to $53.8 million in the prior year's quarter. Net income for the quarter was $0.9 million, or $0.07 per diluted share. The company's backlog increased by 11.4% from the end of the fiscal second quarter.
Key Highlights
- 1
Revenue: $55.5M (up 3.1% YoY)
- 2
Net Income: $0.9M
- 3
EPS: $0.07 per diluted share
- 4
Total backlog up 11.4% from end of fiscal second quarter
Management Comments
Edward J. Richardson
I am pleased to report that Richardson Electronics has now delivered seven consecutive quarters of year-over-year sales growth, reflecting continued progress in executing our multi-year strategy. Our performance this quarter was led by strong momentum in PMT, particularly in EDG and the semifab equipment market. Third quarter sales growth was supported by continued discipline around gross margin and operating expenses. Our performance reflects the strength of our team, as we continue to invest across the organization to build depth, technical expertise, and operating performance.
Edward J. Richardson
As we look ahead, our backlog now stands at its highest level in nearly three years, providing us with confidence in our future growth outlook. We are seeing sustained demand across key end markets, particularly in power management, energy transition, and semiconductor applications, and we believe our focused investments in engineering, product development, and customer engagement are positioning us to capitalize on these opportunities. With a strengthened pipeline, strong balance sheet, and improving order trends, we remain confident in our ability to drive continued growth and deliver long-term value for our shareholders.
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