Richardson Electronics, Ltd. Earnings Recaps
Q3 2026
Apr 10, 2026
Richardson Electronics delivered its seventh consecutive quarter of year-over-year sales growth, bolstered by strong PMT segment performance and disciplined margin management, turning a profit after prior losses.
Key takeaways
- Quarterly sales rose 3.1% to $55.5 million, with PMT sales up 9.7%, driven by semiconductor fab and RF/microwave markets.
- Operating income improved to $1.5 million from a $2.7 million loss in the prior year, supported by a gross margin expansion to 31.9%.
- Net income reached $900,000, reversing a $2.1 million loss, and EBITDA returned to positive at $2.2 million.
- Backlog increased to $151.2 million, providing confidence heading into Q4 amid ongoing order activity.
- The company highlighted ongoing investments and strategic focus on energy transition markets, including wind and EV, positioning for sustainable long-term growth.