Richardson Electronics (RELL)
NASDAQ:RELL
Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
0.08Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated notable progress: a return to profitability, improved gross margins, a larger backlog ($151.2M) and clear momentum in PMT and GES product bookings. Management also highlighted disciplined expense and working capital focus, a strong balance sheet (no revolver borrowings), and strategic investments in BES and design centers. Challenges remain around project timing variability, a large inventory build tied to a critical supplier (~$45M Talos inventory) that used cash in the near term, modest consolidated revenue growth, supply-chain lead times, and a slipped demo center timeline. On balance, the operational and financial improvements and the pipeline/backlog momentum outweigh the near-term timing and inventory headwinds.Company Guidance
Consecutive Sales Growth Streak
Seven consecutive quarters of year-over-year sales growth; consolidated Q3 net sales of $55.5M versus $53.8M prior year (+3.1% YoY). Excluding the divested healthcare business, net sales increased by 6.0%.
PMT Segment Momentum
PMT sales grew meaningfully: reported at ~$38.7M (CFO noted PMT led with a 9.7% increase; excluding legacy healthcare PMT net sales rose 14.5%), driven by semiconductor wafer fab demand and RF/microwave components (satcom, radar).
Return to Profitability and Improved Margins
Operating income improved to $1.5M in Q3 from an operating loss of $2.7M a year earlier; consolidated gross margin rose to 31.9% from 31.0% (+90 basis points). Net income was $0.9M versus a $2.1M loss prior year.
EBITDA Turnaround
Reported EBITDA for Q3 was $2.2M versus negative $2.1M in prior-year quarter, reflecting improved operating performance and margin discipline.
Strong Backlog and Order Activity
Total backlog increased to $151.2M at quarter end. PMT backlog reported at $75.4M and Canvas backlog at $38.2M; GES backlog near $40M with core PEM backlog up 15% in Q3 and YTD bookings for key GES products in the high double digits versus prior year.
Cash, Balance Sheet and Dividend
Cash and cash equivalents of $29.5M at quarter end; no outstanding debt on the revolving credit facility. Board declared a regular quarterly cash dividend of $0.06 per common share (paid $0.9M in Q3).
New Product Wins and Program Progress
GES booked its first BES program in Q3 (began shipping in Q4); multiple new PEM and accessory products progressing (orders from Brazil, Australia, India, France, Italy). PMT shipped first system (~$570k) and reported sustained semi fab demand optimism for FY27.
Canvas Profitability and Pipeline
Canvas remained profitable with a Q3 gross margin of 32.2% and backlog of $38.2M; year-to-date revenues increased to $25.0M from $23.7M despite quarter-over-quarter project timing variability.
RELL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RELL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 08, 2026 | $11.76 | $14.43 | +22.70% |
Jan 07, 2026 | $11.62 | $10.25 | -11.73% |
Oct 08, 2025 | $10.49 | $11.72 | +11.78% |
Jul 23, 2025 | $9.61 | $10.67 | +11.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Richardson Electronics (RELL) report earnings?
Richardson Electronics (RELL) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Richardson Electronics (RELL) earnings time?
Richardson Electronics (RELL) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RELL EPS forecast?
RELL EPS forecast for the fiscal quarter 2026 (Q4) is 0.08.
