Richardson Electronics reported fiscal 2026 results reflecting improved operational performance across its business segments. Revenue reached approximately $228 million, up from $208 million in the prior year, while net income improved to $6.4 million compared with a loss recorded in fiscal 2025. The company’s fourth-quarter performance also showed strength, with revenue of $66 million and net income of $3.7 million versus $1.1 million in the prior-year quarter.
Management outlined expectations for fiscal 2027 characterized by revenue growth, margin expansion and improved operating income. Three primary drivers were cited: increased demand in semiconductor wafer fabrication, continued strength in wind-turbine power-management products, and expansion of its battery energy storage initiative. In the semiconductor segment specifically, the company generated approximately $32 million in fiscal 2026 revenue and projects fiscal 2027 revenue to exceed roughly $40 million. To support anticipated growth, Richardson Electronics is expanding production capacity and indicated potential for adding a third shift if demand warrants it.
The company operates through 24 legal entities with approximately 430 employees distributed across 60 worldwide locations, maintaining more than 20,000 customers in its database. Its largest business segment, Power and Microwave Technologies, encompasses legacy power-grid tube operations generating about $80 million in revenue alongside a component distribution operation and semiconductor wafer-fab business. The Green Energy Solutions unit, which includes wind-turbine battery replacement products and electric rail components, is expanding geographically and pursuing opportunities with multiple turbine manufacturers globally.
Richardson Electronics ended fiscal 2026 with nearly $32 million in cash and no debt, providing financial flexibility for growth initiatives. The company completed a multiyear inventory purchase program in March, with inventory expected to decline and contribute to cash generation going forward. Management intends to maintain dividend payments and maintain an unused credit line with PNC Bank. The battery energy storage business is anticipated to focus on pipeline development during fiscal 2027, with meaningful revenue growth expected in fiscal 2028.
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