Richardson Electronics reported fourth-quarter net sales of $66.2 million, a 27.6% year-over-year increase, and GAAP net income of $3.7 million (diluted EPS $0.25). For fiscal 2026 the company posted net sales of $228.6 million, net income of $6.4 million (diluted EPS $0.44) and non-GAAP net income of $5.7 million. The board declared a quarterly cash dividend of $0.06 per share payable August 26, 2026.

Financial Highlights

  • Fourth-quarter net sales: $66.2 million, up 27.6% from $51.9 million in Q4 FY25.
  • Fiscal 2026 net sales: $228.6 million, up 9.4% from $208.9 million in FY25.
  • Gross profit (FY26): $71.3 million; gross margin for FY26: 31.2% of net sales (31.2% in Q4).
  • Operating income: Q4 operating income $3.9 million; fiscal 2026 operating income $6.5 million.
  • Net income: Q4 GAAP net income $3.7 million (diluted EPS $0.25); FY26 GAAP net income $6.4 million (diluted EPS $0.44). Non-GAAP net income for FY26: $5.7 million; non-GAAP diluted EPS: $0.40.
  • Adjusted EBITDA: Q4 Adjusted EBITDA $4.2 million; FY26 Adjusted EBITDA $10.4 million.

Business Highlights

  • All three business units (Power and Microwave Technologies, Green Energy Solutions, Canvys) reported year-over-year sales growth in Q4; PMT led with a 28.1% increase in the quarter.
  • PMT saw strong demand for engineered solutions serving the semiconductor wafer fabrication equipment market and distributed RF and microwave products.
  • Canvys achieved a record quarter with North American sales growth of 29.5% in Q4.
  • GES sales rose 20.4% in Q4 driven by higher Wind product sales; GES backlog improved nearly 5% sequentially.
  • Backlog reached $164.4 million at quarter end, the highest level in three years and up 8.7% from the prior quarter, primarily driven by PMT orders.

Original SEC Filing:

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