Richardson Electronics Q1 FY2027: Net Income Up 112.6% to $4.1M, Backlog Hits $184.4M, $0.06 Dividend Declared
RELL has more than doubled off its 52-week low of $9.37 on elevated volume (5.3× avg).
Summary
Richardson Electronics reported Q1 FY2027 net income of $4.1 million, up 112.6% year-over-year, with backlog at a three-year high of $184.4 million. The board declared a $0.06 quarterly dividend.
Updates
· SEC 10-Q — The 10-Q reports Q1 FY2027 net income of $4.1 million, net sales of $64.9 million, and operating income of $5.1 million.
Key Events · Earnings and Guidance · RELL
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Q1 Net Income More Than Doubles
Net income rose 112.6% to $4.1 million, or $0.27 per diluted share, from $1.9 million, or $0.13 per share, a year earlier.
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Sales Growth Across All Business Units
Net sales increased 18.9% to $64.9 million, with PMT up 19.7%, GES up 27.1%, and Canvys up 7.9%.
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Backlog Reaches Three-Year High
Backlog grew 36.9% year-over-year to $184.4 million, up 12.2% sequentially from $164.4 million at fiscal year-end.
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Quarterly Dividend Declared
Board declared a $0.06 per share cash dividend on common stock, payable November 25, 2026 to holders of record November 6, 2026.
Analysis · RELL · Trade & Services
A standout quarter for Richardson Electronics: net income more than doubled year-over-year to $4.1 million, or $0.27 per diluted share, on 18.9% sales growth. The backlog reached $184.4 million, its highest level in over three years, providing clear visibility into future revenue. The board also declared a $0.06 quarterly dividend, signaling confidence in sustained profitability. This comes after a wave of insider selling over the summer, making the operational strength and dividend declaration a notable counterpoint.
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In the 30 days to Oct 8, 2026, 28.5% of the 1688 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.58%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, RELL was trading at $19.78 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $293.2M. The 52-week trading range was $9.37 to $23.15. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.