Revenue: As of FY2026, the actual value is USD 228.56 M, beating the estimate of USD 217.75 M.

EPS: As of FY2026, the actual value is USD 0.44.

EBIT: As of FY2026, the actual value is USD 6.934 M.

Fourth Quarter Fiscal 2026 Highlights

Segment Revenue

Richardson Electronics, Ltd. reported net sales of $66.2 million for the fourth quarter of fiscal 2026, an increase of 27.6% from $51.9 million in the prior year’s fourth quarter. Power and Microwave Technologies (PMT) sales increased by $10.4 million, or 28.1%, Green Energy Solutions (GES) sales rose by $1.1 million, or 20.4%, and Canvys sales grew by $2.8 million, or 29.5%.

Operational Metrics

• Gross Margin: Gross margin for the fourth quarter was 31.2% of net sales, compared to 31.6% in the fourth quarter of fiscal 2025. PMT gross margin decreased to 31.1% from 31.4%, and GES gross margin decreased to 30.2% from 31.6%, both due to product mix. Canvys gross margin increased to 32.3% from 32.1%.
• Operating Expenses: Operating expenses were $17.6 million, up from $15.6 million in the prior year’s fourth quarter, and improved to 26.6% of net sales from 30.0%. This included a $0.4 million unclaimed property state audit settlement.
• Operating Income: Operating income was $3.9 million for the fourth quarter of fiscal 2026, compared to $0.6 million in the prior year’s fourth quarter. Non-GAAP operating income was $3.5 million, up from $0.8 million.
• Net Income: Net income increased by 244.4% to $3.7 million in the fourth quarter of fiscal 2026, compared to $1.1 million in the fourth quarter of fiscal 2025. Non-GAAP net income was $3.0 million, versus $1.8 million in the prior year.
• EBITDA: EBITDA was $5.0 million in the fourth quarter of fiscal 2026, compared to $2.9 million in the fourth quarter of fiscal 2025. Adjusted EBITDA was $4.2 million, versus $3.1 million in the prior year.

Other Metrics

• Backlog: Backlog reached $164.4 million at the end of the fourth quarter of fiscal 2026, an 8.7% increase from $151.2 million at the end of the third quarter of fiscal 2026, primarily driven by PMT.
• Cash and Cash Equivalents: Cash and cash equivalents stood at $31.8 million as of May 30, 2026, compared to $29.5 million as of February 28, 2026.
• Capital Expenditures: Capital expenditures for the quarter were $1.0 million.
• Debt: The company had no outstanding debt on its revolving line of credit.
• Dividends: A $0.06 per share quarterly cash dividend was declared for common stock, and a $0.054 cash dividend per share for Class B common stock.

Fiscal Year Ended May 30, 2026 Highlights

Segment Revenue

Net sales for fiscal 2026 were $228.6 million, an increase of 9.4% compared to $208.9 million in fiscal 2025. PMT sales increased by $13.5 million, or 9.1%, GES sales increased by $2.1 million, or 7.3%, and Canvys sales increased by $4.1 million, or 12.4%.

Operational Metrics

• Gross Margin: Gross margin for fiscal 2026 was 31.2% of net sales, up from 31.0% in fiscal 2025. PMT gross margin was 31.2% compared to 30.5%, GES gross margin was 30.3% compared to 31.4%, and Canvys gross margin was 32.0% compared to 32.9%.
• Operating Expenses: Operating expenses increased to $65.7 million for fiscal 2026 from $62.2 million in fiscal 2025, but improved to 28.8% of net sales from 29.8%.
• Operating Income: Operating income for fiscal 2026 was $6.5 million, a significant improvement from an operating loss of -$2.5 million in fiscal 2025. Non-GAAP operating income was $6.1 million, up from $2.6 million.
• Net Income: Net income for fiscal 2026 was $6.4 million, reversing a net loss of -$1.1 million in fiscal 2025. Non-GAAP net income was $5.7 million, compared to $3.2 million in the prior fiscal year.
• EBITDA: EBITDA for fiscal 2026 was $11.3 million, compared to $2.5 million in fiscal 2025. Adjusted EBITDA was $10.4 million, versus $7.5 million in fiscal 2025.

Cash Flow

• Net cash provided by operating activities was $0.762 million for fiscal 2026, a decrease from $10.552 million in fiscal 2025.
• Net cash used in investing activities was -$3.083 million, compared to $4.023 million provided by investing activities in fiscal 2025.
• Capital expenditures for the fiscal year were -$4.383 million, up from -$2.811 million in fiscal 2025.
• Net cash used in financing activities was -$2.544 million, compared to -$3.246 million in fiscal 2025.

Outlook

Richardson Electronics, Ltd. is encouraged by opportunities in power management, semiconductor manufacturing, defense, energy storage, and customized display solutions. The company expects its strong balance sheet, technical capabilities, and focus on higher-value engineered solutions to support continued progress and long-term value creation. This outlook is presented despite a fluid broader economic environment.