RICHARDSON ELECTRONICS, LTD. (RELL) Form 8-K — Oct 7, 2026
Richardson Electronics (NASDAQ: RELL) reported Q1 FY2027 (ended August 29, 2026) net sales of $64.9 million, up 18.9% year over year, with growth across all three business units. Net income more than doubled, up 112.6% to $4.1 million, or $0.27 per diluted share, versus $0.13 a year ago. Backlog ended the quarter at $184.4 million, up 36.9% year over year and the highest in more than three years, driven primarily by Power and Microwave Technologies demand tied to semiconductor wafer fab equipment. Gross margin expanded to 34.6% from 31.0%, aided in part by an IEEPA tariff refund of 1.7%.
Key figures
- Eps
- 0.27
- Revenue
- 64923000
- Net Income
- 4059000
- Total Assets
- 211694000
- Cash Position
- 36915000
- Shares Outstanding
- 12841000
- Ebitda
- $6.0 million vs $3.3 million prior year
- Backlog
- $184.4 million, up 36.9% year-over-year
- Gross margin
- 34.6% vs 31.0% prior year
- Free cash flow
- $4.2 million
- Debt on revolver
- none outstanding
- Operating income
- $5.1 million vs $1.0 million prior year
- Dividend per share
- $0.06 (common), $0.054 (Class B)
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