Richardson Electronics, Ltd. (RELL) Earnings Call Transcripts

Richardson Electronics, Ltd.'s Latest Earnings Call - Q3 FY2026

In the third quarter of fiscal year 2026, Richardson Electronics reported total sales of $55.5 million, a 3.1% increase from $53.8 million in the same quarter last year. The company achieved an operating income of $1.5 million compared to an operating loss of $2.7 million in Q3 FY '25, signaling a significant turnaround. Management emphasized strong momentum in the Power & Microwave Technologies (PMT) segment, particularly in semiconductor wafer fab and RF products, and noted that total backlog increased to $151.2 million, providing confidence for future growth. Guidance remains optimistic, with expectations for continued double-digit revenue growth in FY '27.

Reported metrics

Guidance from management

Management maintained an optimistic outlook for FY '27, projecting continued double-digit revenue growth driven by strong backlog and ongoing investments in new products and markets.

What management said

Yes. So right now, there's -- we've identified on our system. So just real quickly, all of our customers on our system are applied 1 to 3 application codes. And so we served our customer base like we do with any new product introduction of any customers that will be working in an application that would need that product. So the team has done that. They've mailed out sales tools to get with them. They're having a show...

Well, on PMT, it was our semiconductor wafer fab customers. And then RF and wireless components going into SATCOM applications and aerospace and defense. Those two had very nice quarters and also an increase in backlog. So for PMT, it was specific to our semi-fab wafer fab customers and our RF and microwave components business.

What analysts pressed on

Analysts expressed concerns regarding the variability in GES segment performance and the impact of project timing on revenue. There were also questions about how effectively the company can manage its inventory levels moving forward.

Main topics on the call

• Sustained Revenue Growth — Richardson Electronics has achieved 7 consecutive quarters of year-over-year sales growth, with Q3 FY '26 sales of $55.5 million, up from $53.8 million in Q3 FY '25. CEO Ed Richardson stated, "Our performance this quarte...
• Improved Profitability — The company reported an operating income of $1.5 million for Q3 FY '26, a notable improvement from an operating loss of $2.7 million in the prior year. CFO Bob Ben highlighted, "Operating income was $1.5 million for the ...
• Backlog Growth — Total backlog increased to $151.2 million, providing a strong foundation for future sales. Management noted, "Our order activity remains solid and total backlog increased to $151.2 million at quarter end, giving us confi...
• Segment Performance Variability — While PMT sales increased by 14.5%, Green Energy Solutions (GES) experienced a decline of $0.5 million compared to the prior year due to project timing. Management acknowledged, "GES performed in line with expectations, ...

Read the full Richardson Electronics, Ltd. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Richardson Electronics, Ltd. earnings call transcripts on record, spanning January 9, 2020 to July 23, 2026. Based on this history, Richardson Electronics, Ltd. reports quarterly. The most recent call on file is dated July 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RELL

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

28

First call

January 9, 2020

Most recent

July 23, 2026

Reporting cadence

quarterly