---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-052895"
form_type: "8-K"
ticker: "RELL"
cik: "0000355948"
company_name: "RICHARDSON ELECTRONICS, LTD."
filed_at: "2023-10-11T23:59:59+00:00"
generated_at: "2026-06-10T01:52:22.315949+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Richardson Electronics Q1 net sales down 22% to $52.6M; EPS $0.09

## Summary
- Net sales $52.6M, down 22.2% YoY; diluted EPS $0.09 vs $0.45.
- Operating income fell to $1.5M from $8.8M; gross margin 32.8% vs 34.1%.
- Sales drop driven by semiconductor wafer fab customers and wind turbine ultracapacitor modules.
- No debt; cash and investments $24.1M. Board declared $0.06 quarterly dividend payable Nov 29.
- Backlog $148.1M vs $160.4M at Q4 FY23.

## SEC filing metadata
- accession: 0000950170-23-052895
- form_type: 8-K
- ticker: RELL
- cik: 0000355948
- company_name: RICHARDSON ELECTRONICS, LTD.
- filed_at: 2023-10-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355948/000095017023052895/0000950170-23-052895-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355948/000095017023052895/rell-20231011.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-052895
- JSON: https://secwatch.observer/filing/0000950170-23-052895.json
- Plain text: https://secwatch.observer/filing/0000950170-23-052895.txt

## Key facts
- Earnings Releases
  RICHARDSON ELECTRONICS, LTD. reported first quarter ended September 2, 2023 results: revenue $52.6 million, net income $1.2 million, EPS $0.09.
  - Period: first quarter ended September 2, 2023
  - Revenue: $52.6 million
  - Net income: $1.2 million
  - EPS: $0.09
  - Result: reported results
  source text: (630) 208-2200 | Fax: (630) 208-2550 RICHARDSON ELECTRONICS REPORTS FIRST QUARTER FISCAL 2024 AND DECLARES QUARTERLY CASH DIVIDEND First Quarter Highlights • Net sales of $52.6 million were down $15.0 million, or 22.2% from last year’s first quarter primarily due to a near-term reduction in sales to semiconductor wafer fab customers, and a timing-related
  evidence_url: https://www.sec.gov/Archives/edgar/data/355948/000095017023052895/0000950170-23-052895-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.