10-K · August 3, 2026
Richardson Electronics delivered a clear fiscal-2026 earnings inflection: revenue increased 9.4% to $228.6 million, operating income reached $6.5 million after a $2.5 million loss, and diluted EPS was $0.44. Growth was…
Earnings analysis · 10-Q
RELL earnings analysis
Filed October 8, 2026 · Our reading of the company's report
The latest report
Richardson Electronics reported $64.923 million of revenue and $0.27 of diluted EPS, exceeding consensus estimates of $58.986 million and $0.09, respectively. Gross margin expanded to 34.6% and free cash flow reached…
Read full summary
Richardson Electronics reported $64.923 million of revenue and $0.27 of diluted EPS, exceeding consensus estimates of $58.986 million and $0.09, respectively. Gross margin expanded to 34.6% and free cash flow reached $4.2 million, while all three business units grew. Management characterized fiscal 2027 as another year of profitable growth but provided no quantitative guidance; the principal disclosed financial risk remains foreign-currency exposure.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.27
- Gross margin
- 34.6%
- Segment
- All three business units grew, but segment revenue amounts were not disclosed in the provided filing text.
What stood out
-
Revenue beat estimates and grew year over year
Revenue was $64.923 million, $5.937 million or 10.1% above the $58.986 million consensus estimate. Revenue was approximately 18.0% above the $55 million prior-year quarterly level, but about 1.6% below the $66 million immediately preceding quarter.
-
EPS materially exceeded consensus
Diluted EPS was $0.27 versus the $0.09 consensus estimate, a $0.18 beat. EPS improved from $0.19 in the preceding quarter and $0.13 in the comparable prior-year quarter.
-
Gross margin expanded materially
Gross margin expanded to 34.6%, up from 31.2% in the preceding quarter and 31.0% in the comparable prior-year quarter, increases of 3.4 and 3.6 percentage points, respectively.
-
Cash generation strengthened
Free cash flow reached $4.2 million, versus $1.0 million in the preceding quarter and $0.342 million in the comparable prior-year quarter.
-
Growth was broad-based across segments
Management stated that all three business units increased sales, supporting its description of fiscal 2027 as another year of profitable growth.
What to watch
-
Tariff refund may not recur
Gross margin of 34.6% was aided by a tariff refund, according to the accompanying earnings analysis; the refund may not recur, creating a risk to the reported margin level.
-
Foreign-exchange exposure
Foreign currency exchange is identified as the company’s primary financial risk because certain operations, assets, and liabilities are denominated in foreign currencies. The filing provides no quantified sensitivity and refers investors to the risk factors in the May 30, 2026 Form 10-K filed August 3, 2026.
-
No material risk-factor updates
The filing states there were no material changes to the risk factors previously disclosed in the May 30, 2026 Form 10-K filed August 3, 2026; therefore, no new quantified risk exposure was identified in this quarter’s report.
Management's outlook
Management described fiscal 2027 as another year of profitable growth but provided no quantitative revenue or EPS outlook.
Earlier filings 4
10-Q · April 9, 2026
Richardson reported Q3 net sales of $55,472,000 and GAAP diluted EPS of $0.07, with operating income of $1,497,000 — a turnaround from the prior-year quarter loss. Gross profit rose to $17,680,000 (31.9% margin) and the…
10-Q · April 10, 2025
Richardson Electronics reported quarterly revenue of $53.804M, up $1.429M (+2.7%) versus the prior year quarter, with gross profit of $16.673M (≈31.0% gross margin). The company recorded an operating loss of $2.743M…
10-Q · October 10, 2024
In the latest 10-Q, Richardson Electronics reported a revenue of $53.7 million for the first quarter of fiscal 2025, a slight increase from the $52.6 million reported in the same quarter last year. Gross margin improved…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.