Richardson Electronics Q2 revenue beats estimates on higher demand for power management products

Richardson Electronics

07/01/2026 21:26

Overview

Electronics manufacturer reported fiscal Q2 revenue up 5.7% yr/yr

Company declared $0.06 per share quarterly cash dividend

Fiscal Q2 EBITDA improved to $0.7 mln from breakeven last year

Outlook

Company is well positioned to drive continued earnings improvement for remainder of fiscal year

Company highlights strong balance sheet and durable customer relationships

Result Drivers

GES SALES GROWTH - GES sales increased by 39% due to higher demand for power management products

CANVYS SALES INCREASE - Canvys sales rose 28.1%, driven by higher sales in North America

COST MANAGEMENT - Higher volumes and disciplined cost management improved operating income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$52.29 mln
$49.90 mln (2 Analysts)
Q2 EPS
-$0.01
Q2 Net Income
-$121,000
Q2 Gross Margin
30.80%
Q2 Operating Income
$132,000


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 $12.50, about 8.3% above its January 6 closing price of $11.54

Press Release: ID:nGNX7m825z

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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.)