---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-043412"
form_type: "8-K"
ticker: "RELL"
cik: "0000355948"
company_name: "RICHARDSON ELECTRONICS, LTD."
filed_at: "2024-04-10T23:59:59+00:00"
generated_at: "2026-06-04T00:39:05.993985+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Richardson Electronics Q3 FY2024 net sales $52.4M, down 25.6% YoY; EPS $0.05 vs $0.44

## Summary
- Sales Q3 net sales $52.4M, down 25.6% YoY; sequential increase 18.7%.
- Net income $0.8M ($0.05 diluted EPS) vs $6.3M ($0.44) last year.
- Inventory decreased $4.0M sequentially; cash & investments $18.9M.
- Gross margin 29.5% (down from 31.8%); PMT sales fell $15.7M on wafer fab weakness.
- Board declares $0.06 quarterly dividend payable May 29, 2024, record May 10.

## SEC filing metadata
- accession: 0000950170-24-043412
- form_type: 8-K
- ticker: RELL
- cik: 0000355948
- company_name: RICHARDSON ELECTRONICS, LTD.
- filed_at: 2024-04-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355948/000095017024043412/0000950170-24-043412-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355948/000095017024043412/rell-20240410.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-043412
- JSON: https://secwatch.observer/filing/0000950170-24-043412.json
- Plain text: https://secwatch.observer/filing/0000950170-24-043412.txt

## Key facts
- Earnings Releases
  RICHARDSON ELECTRONICS, LTD. reported third quarter ended March 2, 2024 results: revenue $52.4 million, net income $0.8 million, EPS $0.05 per diluted share.
  - Period: third quarter ended March 2, 2024
  - Revenue: $52.4 million
  - Net income: $0.8 million
  - EPS: $0.05 per diluted share
  - Result: reported results
  source text: Net sales for the third quarter of fiscal 2024 decreased 25.6% to $52.4 million compared to net sales of $70.4 million in the prior year’s third quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/355948/000095017024043412/0000950170-24-043412-index.htm

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