Richardson Electronics Q1 sales rise 1.6%, beat estimates

Richardson Electronics

08/10/2025 21:24

Overview

Richardson Electronics Q1 FY26 sales rose 1.6% to $54.6 mln, beating estimates

Operating income for Q1 FY26 more than tripled year-over-year

Company declared a $0.06 per share quarterly cash dividend

Outlook

Company maintains confidence in delivering improved results for fiscal 2026

Result Drivers

SEMICONDUCTOR SALES - 52.2% YoY increase in semiconductor wafer fab sales drove net sales growth

SALES MIX - More profitable sales mix and cost control measures improved operating income

PMT AND CANVYS - PMT sales increased 2.8% due to semiconductor demand; Canvys sales rose 8.3% from improved European market conditions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$54.60 mln
$51.50 mln (2 Analysts)
Q1 EPS
$0.13
Q1 Net Income
$1.90 mln
Q1 Gross Margin
31%
Q1 Operating Income
$968,000


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the electronic equipment & parts peer group is "buy."

Wall Street's median 12-month price target for Richardson Electronics Ltd is $11.50, about 14.4% above its October 7 closing price of $9.84

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nGNX7nMVYL

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)