Richardson Electronics Q1 sales rise 1.6%, beat estimates

Overview

• Richardson Electronics Q1 FY26 sales rose 1.6% to $54.6 mln, beating estimates

• Operating income for Q1 FY26 more than tripled year-over-year

• Company declared a $0.06 per share quarterly cash dividend

Outlook

• Company maintains confidence in delivering improved results for fiscal 2026

Result Drivers

• SEMICONDUCTOR SALES - 52.2% YoY increase in semiconductor wafer fab sales drove net sales growth

• SALES MIX - More profitable sales mix and cost control measures improved operating income

• PMT AND CANVYS - PMT sales increased 2.8% due to semiconductor demand; Canvys sales rose 8.3% from improved European market conditions

Key Details

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 $11.50, about 14.4% above its October 7 closing price of $9.84

• The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nGNX7nMVYL

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