Richardson Electronics Q3 profit $0.9 million vs. loss a year ago; sales up 3.1%
Richardson Electronics reported third-quarter fiscal 2026 results for the quarter ended February 28, 2026, with net income of $0.9 million, or $0.07 per diluted share, compared with a net loss of $2.1 million, or $0.15 per share, a year earlier. Net sales rose 3.1% to $55.5 million and backlog grew 11.4% to $151.2 million, while operating expenses rose to $16.2 million from $14.5 million and cash fell to $29.5 million. The board also declared a $0.06 per share quarterly cash dividend.
Key points
- Net sales were $55.5 million, up 3.1% from $53.8 million; PMT sales rose 9.7% year over year.
- Net income was $0.9 million, or $0.07 per diluted share, versus a net loss of $2.1 million, or $0.15 per share, in the prior-year quarter.
- Backlog was $151.2 million at February 28, 2026, up 11.4% from $135.7 million at the end of the second quarter.
- Cash and cash equivalents were $29.5 million at February 28, 2026, versus $33.1 million at November 29, 2025; the dividend is payable May 27, 2026 to holders of record as of May 8, 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 April 08, 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.