Richardson Electronics Q1 net sales rise 18.9%, net income up 112.6% to $4.1 million
Richardson Electronics reported first-quarter fiscal 2027 results for the period ended August 29, 2026, with net sales up 18.9% and net income up 112.6% year over year. The company also declared a $0.06 per share quarterly dividend, and its backlog rose 36.9% to $184.4 million, which suggests continued demand growth for shareholders to watch in future filings.
Key points
- Net sales were $64.9 million, up 18.9% from $54.6 million a year earlier, with all three business units growing.
- Net income was $4.1 million, or $0.27 per diluted share, versus $1.9 million, or $0.13 per diluted share, a year earlier.
- Gross margin was 34.6% versus 31.0%, with the company citing a 1.7-point benefit from an IEEPA tariff refund.
- The board declared a $0.06 per share dividend, payable November 25, 2026, to holders of record as of November 6, 2026.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.