RF Industries Raises Gross Margin to 32.3% and Adjusted EBITDA to $1.1M
RF Industries posted first quarter fiscal 2026 net sales of $19.0 million, a 1% year‐over‐year decline, while gross margin climbed 250 basis points to 32.3%, driving operating income to $177,000. Backlog stood at $14.4 million at quarter‐end and expanded to $18.6 million with $17.9 million in bookings.
1. First Quarter Financial Highlights
RF Industries posted net sales of $19.0 million in the first quarter of fiscal 2026, down 1% year-over-year and 16% sequentially due to normal seasonality. Gross margin improved 250 basis points to 32.3%, yielding operating income of $177,000, non-GAAP net income of $659,000 and adjusted EBITDA of $1.1 million.
2. Bookings and Backlog Growth
First quarter bookings reached $17.9 million, resulting in a backlog of $14.4 million at January 31, 2026, which has since grown to $18.6 million. This expansion underscores sustained demand across RF Industries’ interconnect product lines.
3. Strategic Outlook and Market Diversification
Management highlighted improved price realization and operational efficiencies as key drivers of profitability gains. RF Industries is diversifying into wireline, cable, aerospace and datacenters and anticipates accelerated revenue growth in the back half of fiscal 2026 based on its strengthened backlog.