The ninth consecutive quarter of YoY sales growth and a record backlog suggest sustained demand momentum in semiconductor wafer fab equipment and RF/microwave markets. Monitor the Q2 conference call for any guidance updates and order trends in GES (Battery Energy Storage Systems).
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Executive Summary
Richardson Electronics reported strong fiscal Q1 2027 results, with net sales up 18.9% YoY to $64.9 million and net income surging 112.6% to $4.1 million. All three business units (PMT, GES, Canvys) posted sales growth, gross margins expanded to 34.6%, and backlog reached a three-year high of $184.4 million. The company also declared a $0.06 quarterly dividend.
Key Facts
- Net sales increased 18.9% YoY to $64.9 million
- Net income increased 112.6% to $4.1 million
- EPS (diluted) was $0.27 vs $0.13 in prior year
- Gross margin improved to 34.6% from 31.0%
- Backlog grew 36.9% YoY to $184.4 million
- Free cash flow was $4.2 million
- Cash and equivalents were $36.9 million, no debt on revolving credit line
- Quarterly cash dividend of $0.06 per share declared
Financial Impact
Net sales +18.9% YoY, net income +112.6% YoY, gross margin +360 bps
Risk Factors
- Broader economic uncertainty could impact future demand
- Higher employee compensation and travel expenses may pressure margins
- Foreign exchange losses of $0.2 million in the quarter
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000355948-26-000017 |
| Document: 0000355948-26-000017-index.html | 0000355948-26-000017 |
| Document: 0000355948-26-000017.txt | 0000355948-26-000017 |
Filters
| Type | Now | ||||
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Oct 13, 2026 14d ago | 144 | $20.20 | awaiting T+20 | awaiting T+20 | $20.00 (−0.99%) |
Oct 13, 2026 14d ago | 144 | $21.28 | awaiting T+20 | awaiting T+20 | $20.00 (−6.02%) |
Oct 8, 2026 19d ago | 8-K | $19.97 | awaiting T+20 | awaiting T+20 | $20.00 (+0.15%) |
Oct 7, 2026 20d ago | 8-K | $19.97 | awaiting T+20 | awaiting T+20 | $20.00 (+0.15%) |
Sep 30, 2026 27d ago | Press Release | $18.56 | awaiting T+20 | awaiting T+20 | $20.00 (+7.76%) |
Aug 21, 2026 9w ago | DEFA14A | $17.21 $16.59 | ▼ −3.60% | ▼ −3.08% | $20.00 (+16.21%) |
Aug 6, 2026 11w ago | Insider Cluster | $20.74 $16.98 | ▲ +18.13% | ▲ +18.73% | $20.00 (+3.57%) |
Aug 6, 2026 11w ago | Insider Cluster | $20.74 $16.98 | ▲ +18.13% | ▲ +18.73% | $20.00 (+3.57%) |
Aug 5, 2026 11w ago | Insider Cluster | $20.98 $16.99 | ▲ +19.02% | ▲ +18.42% | $20.00 (+4.67%) |
Aug 3, 2026 12w ago | Insider Cluster | $19.65 $17.32 | ▲ +11.86% | ▲ +13.10% | $20.00 (−1.78%) |
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