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Nov 29, 2025
Richardson Electronics Q2 2026 Earnings Report
Richardson Electronics reported a net loss in Q2 despite higher revenue and improved operating income versus the prior year.
Key Takeaways
The company posted revenue growth led by strong performance in the GES and Canvys segments, but recorded a small net loss. Operating income turned positive compared to a loss last year, and cash reserves remained strong.
Revenue increased 5.7% YoY to $52.3 million, driven by GES and Canvys growth.
Net loss narrowed to $121,000 from $751,000 in the prior year.
Operating income was $132,000, a notable turnaround from a $667,000 loss last year.
Cash and cash equivalents stood at $33.1 million at quarter end.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Management expects continued profitability and value creation in the second half of fiscal 2026, citing strong customer demand and a solid balance sheet.
Positive Outlook
- Strong balance sheet with no outstanding debt
- Increased GES and Canvys sales indicate solid demand
- Improved operating leverage
- Efficient cost management contributed to profit growth
- Sustained customer relationships drive revenue stability
Challenges Ahead
- Slight decline in total gross margin
- PMT sales decreased 4% YoY
- GES backlog declined slightly after strong quarter
- Net loss still reported despite revenue growth
- Healthcare segment divestiture affects YoY comparability
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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