Richardson Electronics Q1 sales up 18.9% to $64.9M; EPS $0.27 vs $0.13; backlog $184.4M, up 36.9% YoY

RICHARDSON ELECTRONICS, LTD.

Net sales $64.9M vs $54.6M a year ago (+18.9%), a ninth consecutive quarter of YoY sales growth; net income $4.1M (+112.6%) and diluted EPS $0.27 vs $0.13.
Gross margin 34.6% vs 31.0%, helped 1.7 points by an IEEPA Tariff Refund; operating income $5.1M vs $1.0M; EBITDA $6.0M vs $3.3M; opex $17.4M vs $16.0M.
Backlog at August 29, 2026 was $184.4M, up 36.9% year-over-year and 12.2% from fiscal 2026 year-end — the highest in more than three years; GES backlog rose 10.2%.
Segment growth: PMT sales +$7.7M (+19.7%) on semiconductor wafer fab and RF/microwave demand; GES +$2.0M (+27.1%) on wind and BESS; Canvys +$0.6M (+7.9%) on North America.
Declared $0.06/share quarterly dividend on common and $0.054 on Class B, payable Nov 25, 2026 to holders of record Nov 6; cash $36.9M, no PNC revolver debt, capex $1.7M.

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