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Richardson Electronics (RELL)
NASDAQ:RELL
Earnings Data
Report Date
Apr 15, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.06Last Year’s EPS
-0.15Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominately positive trajectory: revenue growth for six consecutive quarters, very strong performance in Green Energy (39% growth) and Canvys (28.1% growth), improved operating income and EBITDA, a strong backlog at Canvys, strategic investments (design/demo centers, partnerships), and a healthy cash position. Offsetting items include PMT revenue softness and margin pressure, inventory concentration related to a supplier exit, continuing noise from the prior health-care divestiture affecting YoY comparisons, and residual volatility from project-based businesses. Overall the positive growth, margin improvement in operating expenses, return to profitability, and strategic progress outweigh the listed challenges.Company Guidance
Consecutive Quarterly Growth
Company reported its sixth consecutive quarter of year-over-year revenue growth, with consolidated net sales of $52.3 million in Q2 FY26, up 5.7% versus $49.5 million in Q2 FY25 (and +9.0% when excluding the sold health care business).
Strong Green Energy Solutions (GES) Performance
GES sales grew 39.0% year-over-year to $8.3 million and were up 14% sequentially. Growth was driven by Pitch Energy Modules, new product adoption, expanded customer base and international orders (Brazil, Australia, India, France, Italy).
Canvys Revenue and Margin Expansion
Canvys revenue increased 28.1% year-over-year to $8.8 million. Gross margin for Canvys improved to 32.6% (from 31.7%), and Canvys backlog remained strong at $38.0 million, supporting future revenue visibility.
Profitability and Cash Flow Improvement
Operating income improved to approximately $0.13 million in Q2 FY26 from an operating loss of $0.67 million a year ago. Q2 EBITDA improved to $0.7 million (from breakeven), and six-month net income was $1.8 million ($0.12 per diluted share) versus a $0.2 million loss last year.
Strong Cash Position and Capital Discipline
Cash and cash equivalents were $33.1 million at quarter-end, with no outstanding debt on the revolving credit facility. The company declared a quarterly cash dividend of $0.06 per share and is investing excess cash in short-term money market instruments (≈$10 million earning ~4%).
Strategic Investments and New Bookings
Company added design and demo centers (Sweetwater design center to be fully operational in Q3 FY26; Illinois demo center expected Q4 FY26), expanded technology partnerships (KEBA, Goshen, Wulong), booked its first battery energy storage system in December, and is scaling engineered solutions and global expansion efforts.
Operating Expense Efficiency
Operating expenses improved as a percentage of net sales to 30.5% in Q2 FY26 from 32.3% in Q2 FY25, and improved to 29.8% for the first six months versus 31.1% prior-year, contributing to the return to operating profitability.
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 |
|---|---|---|---|
Jan 07, 2026 | $11.68 | $10.31 | -11.73% |
Oct 08, 2025 | $10.55 | $11.79 | +11.78% |
Jul 23, 2025 | $9.66 | $10.73 | +11.04% |
Apr 09, 2025 | $9.61 | $7.97 | -17.06% |
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 Apr 15, 2026, After Close (Confirmed).
What is Richardson Electronics (RELL) earnings time?
Richardson Electronics (RELL) earnings time is at Apr 15, 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 (Q3) is 0.06.
