The earnings call reflected a positive overall sentiment with strong sales growth across key business units, improved financial metrics, and a robust cash position. Despite challenges such as a decline in Healthcare sales and lower gross margin in Canvys, the positive aspects significantly outweighed the negatives.

Company Guidance -

Q1 2026

In the fourth quarter of fiscal year 2025, Richardson Electronics reported total sales of $51.9 million, up 9.5% from $47.4 million in the same quarter of the previous year, marking four consecutive quarters of year-over-year sales growth. The Power & Microwave Technologies (PMT) segment saw a significant 17.8% increase, driven by semiconductor and RF power segments, while Green Energy Solutions (GES) and Canvys business units reported sales growth of 14.1% and 9.1%, respectively. The company's gross margin improved by 50 basis points to 31.6%, with the GES segment contributing to this rise due to an improved product mix. Operating income reached $0.6 million, and non-GAAP operating income was $0.8 million, compared to a loss in the previous year. The company maintained a strong cash position at $35.9 million, despite a $0.2 million loss on the disposal of Healthcare assets, and reported free cash flow of $7.7 million. Earnings per share were $0.08, with non-GAAP earnings per share at $0.12, against a loss of $0.01 per share in the previous year.

Consistent Sales Growth

Richardson Electronics achieved four consecutive quarters of year-over-year sales growth and five consecutive quarters of positive operating cash flow. Total sales for Q4 FY25 increased by 9.5% to $51.9 million compared to the previous year.

Strong Performance in Key Business Units

PMT sales increased by 17.8% in Q4, driven by demand from semiconductor wafer fab customers and RF and microwave applications. GES sales rose by 14.1% with strong demand for wind turbine modules. Canvys also showed a 9.1% increase in sales.

Improved Financial Metrics

Gross margin for Q4 FY25 improved by 50 basis points to 31.6% year-over-year. Operating income for Q4 was $0.6 million, compared to an operating loss in the prior year's fourth quarter.

Robust Cash Position

The company ended fiscal 2025 with a strong cash position of $35.9 million, providing flexibility to support ongoing operations and strategic growth opportunities.

Positive EBITDA Growth

EBITDA for Q4 FY25 was $2.9 million, with adjusted EBITDA at $3.1 million, up from $1.0 million in the prior year's Q4.

Richardson Electronics (RELL) Earnings, Revenues Date & History

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RELL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 08, 2025	2026 (Q1)	0.01 / -	0.04	―	―	―
Jul 23, 2025	2025 (Q4)	0.05 / 0.08	0.02	300.00% (+0.06)
Apr 09, 2025	2025 (Q3)	0.08 / -0.15	0.05	-400.00% (-0.20)	―
Jan 07, 2025	2025 (Q2)	-0.02 / -0.05	-0.13	61.54% (+0.08)
Oct 09, 2024	2025 (Q1)	-0.01 / 0.04	0.09	-55.56% (-0.05)
Jul 24, 2024	2024 (Q4)	-0.04 / 0.02	0.11	-81.82% (-0.09)
Apr 10, 2024	2024 (Q3)	0.02 / 0.05	0.44	-88.64% (-0.39)
Jan 10, 2024	2024 (Q2)	0.01 / -0.13	0.39	-133.33% (-0.52)	―
Oct 11, 2023	2024 (Q1)	0.03 / 0.09	0.45	-80.00% (-0.36)
Jul 19, 2023	2023 (Q4)	0.19 / 0.11	0.31	-64.52% (-0.20)

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
Jul 23, 2025	$9.78	$10.86	+11.04%
Apr 09, 2025	$9.72	$8.06	-17.08%
Jan 07, 2025	$14.57	$12.71	-12.77%
Oct 09, 2024	$12.71	$12.39	-2.52%

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.