The 36.9% YoY backlog growth to $184.4M provides strong visibility into near-term revenue. Monitor the Q2 FY2027 earnings for conversion of this backlog and any guidance updates, particularly given the company's comment that fiscal 2027 will be another year of profitable growth.
Price Chart
Executive Summary
Richardson Electronics reported strong Q1 FY2027 results with net sales of $64.9M (+18.9% YoY) and net income of $4.1M (+112.6% YoY), significantly exceeding consensus estimates of $59.0M revenue and $0.09 EPS. The company also declared a $0.06 quarterly dividend. This 8-K/A is an administrative amendment correcting the item header from 2.01 to 2.02; no financial changes were made.
Key Financial Metrics
Key Facts
- Net sales of $64.9M, up 18.9% from $54.6M YoY
- Net income of $4.1M, up 112.6% from $1.9M YoY
- GAAP diluted EPS of $0.27 vs consensus $0.09 (beat)
- Revenue of $64.9M vs consensus $59.0M (beat)
- Backlog of $184.4M, up 36.9% YoY
- Free cash flow of $4.2M
- Gross margin expanded to 34.6% from 31.0% YoY
- Declared $0.06 quarterly cash dividend
- No outstanding debt on revolving credit line
Financial Impact
Net sales beat consensus by $5.9M (10.0%); EPS beat consensus by $0.18 (200%); net income more than doubled YoY
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| PMT | $46.8M | +19.7% |
| GES | $9.2M | +27.1% |
| Canvys | $8.9M | +7.9% |
Risk Factors
- Broader economic environment remains fluid as noted by management
- Operating expenses increased to $17.4M from $16.0M YoY
- Foreign exchange loss of $0.2M vs gain of $0.3M YoY
- Accounts receivable increased $1.7M during the quarter
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000355948-26-000021 |
| Document: 0000355948-26-000021-index.html | 0000355948-26-000021 |
| Document: 0000355948-26-000021.txt | 0000355948-26-000021 |
| 8-K Data (Synthetic) | 0000355948-26-000021 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | 144 | $20.20 | awaiting T+20 | — | $20.00 (−0.99%) |
Oct 13, 2026 14d ago | 144 | $21.28 | awaiting T+20 | — | $20.00 (−6.02%) |
Oct 8, 2026 19d ago | 8-K | $19.97 | awaiting T+20 | — | $20.00 (+0.15%) |
Oct 7, 2026 20d ago | 8-K | $19.97 | awaiting T+20 | — | $20.00 (+0.15%) |
Sep 30, 2026 27d ago | Press Release | $18.56 | 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%) |
US Market Status
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