Richardson Electronics net income more than doubles to $4.06 million in first quarter
RELL•Richardson Electronics reported first-quarter FY27 net sales of $64.92 million, up 19% year over year, and net income of $4.06 million. Diluted EPS was $0.27, and backlog rose 37% to $184.4 million.
1. Quarterly results
Richardson Electronics reported first-quarter FY27 net sales of $64.92 million, up 19% year over year, and net income of $4.06 million, more than double the year-earlier figure. Diluted EPS was $0.27; gross margin increased 3.6 percentage points to 34.6%, and operating income rose to $5.12 million.
2. Backlog and dividend
Backlog at Aug. 29, 2026, was $184.4 million, up 37% year over year, with an increase in PMT. The board declared a quarterly cash dividend of $0.06, payable Nov. 25 to holders of record Nov. 6.
