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Aug 30, 2025
Richardson Electronics Q1 2026 Earnings Report
Richardson Electronics posted higher revenue and net income in Q1 FY2026, with strong growth in semiconductor-related sales.
Key Takeaways
Richardson Electronics began FY2026 with a solid quarter, achieving 1.6% YoY revenue growth and a more than threefold increase in operating income. Strength in the PMT and Canvys segments offset GES softness, and positive cash flow was maintained for the sixth straight quarter.
Net sales rose 1.6% YoY to $54.6M, with PMT and Canvys both showing growth.
Net income increased to $1.9M from $0.6M YoY.
Operating income more than tripled to $1.0M.
Gross margin improved to 31.0%, and EBITDA nearly doubled to $3.3M.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No formal forward guidance was provided, but management remains optimistic about continued growth in FY2026, particularly in PMT and GES pipeline development.
Positive Outlook
- Strong demand in semiconductor wafer fab business
- Backlog remains healthy at $134.7M
- Sixth consecutive quarter of positive operating cash flow
- Improved gross margins across key segments
- Extended credit facility through 2028 with no outstanding debt
Challenges Ahead
- GES segment decline due to timing of orders
- Canvys margin decreased due to mix and freight costs
- Healthcare revenue excluded due to asset sale
- Inventory and receivables increased modestly
- No explicit full-year financial guidance issued
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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