Richardson Electronics Q3 net sales rise on PMT segment growth

Richardson Electronics

08/04/2026 21:25

Overview

US engineered solutions provider's Q3 net sales rose 3.1% yr/yr, led by PMT segment growth

Q3 net income was $0.9 mln, or $0.07 per diluted share, up from a loss last year

Company declared a $0.06 per share quarterly cash dividend

Outlook

Company says backlog is at its highest level in nearly three years

Company sees sustained demand in power management, energy transition and semiconductor markets

Result Drivers

PMT SEGMENT GROWTH - Q3 sales growth was led by a 9.7% yr/yr increase in PMT sales, driven by strong demand in semiconductor wafer fab and RF and Microwave products

BACKLOG INCREASE - Backlog rose 11.4% from the prior quarter, mainly reflecting increased orders in PMT

GROSS MARGIN IMPROVEMENT - PMT gross margin increased to 32.1% from 29.9%, attributed to product mix and lower manufacturing under absorption

Company press release: ID:nGNX32lqyh

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$55.5 mln
$53.13 mln (2 Analysts)
Q3 EPS
$0.07
Q3 Net Income
$900,000
Q3 Gross Margin
31.9%
Q3 Operating Income
$1.5 mln


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 $12.00, about 7% above its April 7 closing price of $11.21

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 25 three months ago

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