Anja Soderstrom

Andrew Rim

Bobby Brooks

Chip Rui

Ross Taylor

Robert Brooks

Brendan Kenny

Brett Davidson

Chip Roy

Barry Mendel

Mark Mendel

Porter Taylor

- Richardson Electronics reported **net sales of $54.6 million** for Q1 FY2026, a **1.6% increase** year-over-year, with **net income rising to $1.9 million** from $0.6 million in the prior year's first quarter.  **[0000355948_2174223:9]** 
- The company maintains a strong balance sheet with **no debt** and **$35.7 million in cash and cash equivalents** as of August 31, 2025, and generated **$1.4 million in operating cash flow** in Q1 FY2026.  **[0000355948_2174223:8]** 
- In January 2025, Richardson sold most of its Richardson Healthcare assets for **$8.2 million** to DirectMed Imaging, retaining CT tube manufacturing under an exclusive supply agreement, with proceeds intended for investment in growth initiatives, primarily within its Green Energy Solutions (GES) segment.  **[0000355948_2174223:2]** 
- Richardson Electronics is expanding its Green Energy Solutions (GES) segment, which includes ultracapacitor-based wind turbine pitch systems with a **$454 million global Total Addressable Market (TAM)**, and energy storage solutions, leveraging its engineering capabilities.  **[0000355948_2174223:3]** **[0000355948_2174223:4]** **[0000355948_2174223:6]** 
- Total backlog at the end of Q1 FY2026 was **$135 million**.  **[0000355948_2174223:11]**

Richardson Electronics Reports Q1 FY2026 Financial Results and Strategic Focus

- Richardson Electronics reported **consolidated net sales** of **$54.6 million** for the first quarter of fiscal year 2026, a **1.6% increase** from **$53.7 million** in the prior year's first quarter.  **[0000355948_2174173_0]** **[0000355948_2174173_1]**  Excluding the healthcare business (which was sold in Q3 FY25), net sales increased by **6.8%**.  **[0000355948_2174173_1]** 
- **Net income** for Q1 FY26 was **$1.9 million**, resulting in **$0.13 per diluted common share**, compared to **$0.6 million** or **$0.04 per diluted common share** in Q1 FY25.  **[0000355948_2174173_1]** 
- The **Power and Microwave Technologies (PMT)** segment's sales (excluding healthcare) grew **10.5%** to **$37.8 million**, driven by increased demand from semiconductor wafer fab customers and legacy power grid tube product lines.  **[0000355948_2174173_1]** **[0000355948_2174173_3]**  **Canvas** sales increased **8.3%** to **$8.3 million**, while **Green Energy Solutions (GES)** sales decreased **10.2%** year-over-year, primarily due to a non-recurring large EV locomotive order in the prior year, though its wind segment saw **86.1% growth**.  **[0000355948_2174173_1]** **[0000355948_2174173_3]** **[0000355948_2174173_5]** 
- The company's **consolidated gross margin** improved to **31.0%** from **30.6%** in the prior year, and it generated **$1.4 million** in **cash flow from operations**, marking its sixth consecutive quarter of positive operating cash flow.  **[0000355948_2174173_0]** **[0000355948_2174173_1]** 
- Richardson Electronics maintained a strong cash position of **$35.7 million** at the end of Q1 FY26 and declared a regular quarterly cash dividend of **$0.06 per common share**.  **[0000355948_2174173_0]** **[0000355948_2174173_1]** **[0000355948_2174173_2]**

Richardson Electronics Reports Increased Sales and Net Income for Q1 Fiscal Year 2026

- Richardson Electronics, Ltd. reported **net sales** of **$54.6 million** for the first quarter of fiscal 2026 (ended August 30, 2025), a **1.6% increase** year-over-year, marking the fifth consecutive quarter of year-over-year growth, primarily driven by a **52.2% increase** in semi-conductor wafer fab net sales.  **[355948_0001193125-25-234574_rell-ex99_1.htm:0]** **[355948_0001193125-25-234574_rell-ex99_1.htm:1]** 
- **Operating income** for Q1 FY26 more than tripled to **$1.0 million** compared to $0.3 million in the prior year's first quarter, and **diluted earnings per common share** increased to **$0.13** from $0.04.  **[355948_0001193125-25-234574_rell-ex99_1.htm:0]** **[355948_0001193125-25-234574_rell-ex99_1.htm:1]** 
- The company's Board of Directors declared a **$0.06 per share quarterly cash dividend** for common stock, payable on November 26, 2025, to stockholders of record as of November 7, 2025.  **[355948_0001193125-25-234574_rell-ex99_1.htm:0]** **[355948_0001193125-25-234574_rell-ex99_1.htm:3]** 
- Richardson Electronics maintained a strong financial position with **$35.7 million** in cash and cash equivalents as of August 30, 2025, and **no outstanding debt** on its revolving line of credit.  **[355948_0001193125-25-234574_rell-ex99_1.htm:1]** **[355948_0001193125-25-234574_rell-ex99_1.htm:2]**

Richardson Electronics Reports Strong Q1 FY26 Results and Declares Quarterly Cash Dividend

- Richardson Electronics reported **net sales of $54.6 million** for Q1 FY26, a **1.6% increase** from the prior year, marking the fifth consecutive quarter of year-over-year growth.  **[355948_41848867ce894dbe90c14b0cba478af9_0]** **[355948_41848867ce894dbe90c14b0cba478af9_5]**  Excluding Healthcare, net sales increased by **6.8%**.  **[355948_41848867ce894dbe90c14b0cba478af9_0]** 
- **Operating income more than tripled** to **$1.0 million** in Q1 FY26, up from $0.3 million in Q1 FY25, contributing to **net income of $1.9 million** or **$0.13 per diluted share**.  **[355948_41848867ce894dbe90c14b0cba478af9_0]** **[355948_41848867ce894dbe90c14b0cba478af9_1]** **[355948_41848867ce894dbe90c14b0cba478af9_5]** 
- The company generated **positive operating cash flow** for the sixth consecutive quarter and maintained a strong financial position with **$35.7 million** in cash and cash equivalents as of August 30, 2025.  **[355948_41848867ce894dbe90c14b0cba478af9_0]** **[355948_41848867ce894dbe90c14b0cba478af9_1]** **[355948_41848867ce894dbe90c14b0cba478af9_4]** 
- The Board of Directors declared a **$0.06 per share quarterly cash dividend**, payable on November 26, 2025.  **[355948_41848867ce894dbe90c14b0cba478af9_0]** **[355948_41848867ce894dbe90c14b0cba478af9_2]**

- Richardson Electronics (RELL) achieved **6.3% year-over-year growth** in FY2025 and anticipates **10% to 15% annual growth**, primarily from its Green Energy Solutions segment.  **[355948_2146355_4]** **[355948_2146355_8]** 
- The company is **debt-free** with **$35.9 million in cash and cash equivalents** as of FY2025, and has maintained positive operating cash flow for the past five quarters.  **[355948_2146355_1]** **[355948_2146355_4]** 
- Growth is expected from its Green Energy Solutions, including wind turbine modules, EV rail starter modules, and the development of a container-sized Energy Storage System (ESS), with a demo site planned for early 2026.  **[355948_2146355_2]** **[355948_2146355_4]** **[355948_2146355_5]**  The semiconductor wafer fab equipment market is also projected to be strong in FY2026 due to AI demand.  **[355948_2146355_5]**

RICHARDSON ELECTRONICS (RELL)