Cable connector maker RF Industries' Q3 sales rise to record high

RF Industries

14/09/2026 13:10

Overview
US interconnect products maker's fiscal Q3 sales rose 21% to a record high
Non-GAAP net income and adjusted EBITDA both increased sharply yr/yr
Margin gains driven by shift to higher-value solutions and diversified markets

Outlook
Company backlog stands at $19.8 mln as of September 14, 2026
Company says bookings and backlog are indicators of future revenue

Result Drivers
HIGHER-VALUE SOLUTIONS - Co said margin expansion and profitability gains were driven by shift to custom cabling and integrated systems offerings
MARKET DIVERSIFICATION - Co said expansion into fast-growing markets like aerospace, edge data centers, AI infrastructure, transportation, and public safety reduced reliance on wireless carriers
STRONG DEMAND AND BOOKINGS - Co reported robust bookings and backlog, supporting record sales growth

Company press release: ID:nACSc9Vw9a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$23.96 mln
$23.28 mln (2 Analysts)
Q3 Adjusted EPS
Miss
$0.19
$0.20 (2 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for RF Industries Ltd is $17.00, about 64.7% above its September 11 closing price of $10.32
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 30 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)