Richardson Electronics Reports Strong Q4: Sales +27.6%, Net Income +244%, Backlog at 3-Year High
RELL has more than doubled off its 52-week low of $9.37.
Summary
Richardson Electronics reported Q4 FY2026 results with net sales up 27.6% to $66.2 million and GAAP net income of $3.7 million ($0.25/share), capping a fiscal year of 9.4% sales growth and a return to profitability. Backlog reached a three-year high, and the board declared a $0.06 quarterly dividend.
Key Events · Earnings and Guidance · RELL
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Q4 Sales Surge 27.6%
Fourth quarter net sales reached $66.2 million, up from $51.9 million a year ago, with growth across all three business units: PMT +28.1%, GES +20.4%, Canvys +29.5%.
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Net Income More Than Triples
GAAP net income was $3.7 million, or $0.25 per diluted share, compared to $1.1 million ($0.08) in the prior-year quarter. Non-GAAP net income was $3.0 million, or $0.21 per share.
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Fiscal 2026 Returns to Profitability
Full-year net sales grew 9.4% to $228.6 million, with GAAP net income of $6.4 million ($0.44/share) versus a net loss of $1.1 million in fiscal 2025. Non-GAAP net income was $5.7 million ($0.40/share).
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Backlog Hits 3-Year High
Backlog ended the quarter at $164.4 million, up 8.7% from Q3, driven by strong demand in PMT for semiconductor wafer fab equipment and RF/microwave products.
Analysis · RELL · Trade & Services
Richardson Electronics delivered a standout quarter and fiscal year, with Q4 sales surging 27.6% to $66.2 million and GAAP net income more than tripling to $3.7 million. All three business units grew double-digits, backlog hit a three-year high of $164.4 million, and the company declared a $0.06 dividend. The results confirm a meaningful turnaround from last year's loss, driven by semiconductor wafer fab equipment demand and improved operating leverage. With no debt and $31.8 million in cash, the balance sheet is strong, but the stock is already near its 52-week high, suggesting much of the good news may be priced in.
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In the 30 days to Sep 18, 2026, 35.4% of the 1144 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.40%. 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 $19.97 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $258.5M. The 52-week trading range was $9.37 to $19.86. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.