RELL

Interested in Richardson Electronics, Ltd.? Here are five stocks we like better. Richardson Electronics expects fiscal 2027 growth in revenue, margins and operating income, driven by stronger semiconductor wafer-fabrication demand, wind-turbine products and battery storage. The company is adding production capacity and could introduce a third shift if needed. Fiscal 2026 revenue rose to approximately $228 million from $208 million, while net income improved to $6.4 million from a prior-year loss. The company ended the year with nearly $32 million in cash and no debt. Management expects semiconductor wafer-fab revenue to surpass $40 million in fiscal 2027, while its newer battery-storage business is focused on building its pipeline in fiscal 2027 and generating meaningful growth in fiscal 2028. Micro-Cap Richardson Electronics Pulls Back Into A Buy Richardson Electronics (NASDAQ:RELL) expects growth in fiscal 2027 as demand strengthens in semiconductor wafer fabrication, wind turbine power-management products and battery energy storage, Chief Operating Officer Wendy Diddell said during a company presentation. The company, which will mark its 80th anniversary in roughly six months, reported fiscal 2026 revenue of about $228 million, up from $208 million a year earlier. Net income totaled approximately $6.4 million for the year, compared with a loss in fiscal 2025. Fourth-quarter revenue was $66 million and net income was $3.7 million, compared with $1.1 million in the prior-year quarter, Diddell said. → Boeing's $131B F-15 Win: Mach 1 Momentum or Just Altitude? Richardson Electronics Ups The Voltage On Growth CEO Edward Richardson said the company began in 1947 as a seller of surplus electronics and later expanded through acquisitions of tube-business divisions. He said the company has acquired 21 or 22 divisions of tube companies globally over its history. Diddell said Richardson Electronics operates through 24 legal entities, employs about 430 people and has engineers and sales personnel in 60 locations worldwide. More than half of employees are based at its La Fox, Illinois headquarters. The company has more than 20,000 customers in its database and typically ships to 5,000 to 6,000 customers annually. → Marvell’s Big AI Test Comes One Day After NVIDIA’s Blowout Quarter Small-Cap Richardson Electronics Electrifies The Market Management said more than 55% of revenue now comes from products manufactured by the company in Illinois or produced specifically for it by global factories, reflecting a strategy to increase its focus on engineered solutions rather than conventional distribution. The company’s largest segment is its Power and Microwave Technologies business, which includes its legacy power-grid tube operations, a component distribution operation and semiconductor wafer-fab products. The legacy tube business, called EDG, generates about $80 million in revenue and has remained stable, according to Diddell. Unit volumes have declined somewhat annually, but pricing has offset those declines. The company’s distribution business sells products from suppliers including Qorvo and MACOM into applications such as military and satellite communications. Diddell said the business grew in fiscal 2026, though it carries distribution-style lower margins. Its semiconductor wafer-fab business supplies high-mix, low-volume power subassemblies used exclusively by Lam Research. Major customers in the broader market include MKS and Lam Research. → Semtech Stock Rallies on Strong Q2 Results and Raised Guidance Richardson Electronics generated about $32 million of semiconductor wafer-fab revenue in fiscal 2026, Diddell said in response to an analyst question. She said management expects fiscal 2027 revenue in that business to exceed the roughly $40 million generated in fiscal 2023. The company’s Green Energy Solutions unit includes wind-turbine battery replacement products, electric rail products and a newer battery energy storage initiative. Richardson Electronics holds patents on modules designed to replace lead-acid batteries in certain GE wind turbines. Diddell said the products can extend battery life from roughly 12 to 18 months to as long as 10 years. Management estimates the company has replaced batteries in about 15% of more than 30,000 applicable GE turbines in the U.S. The company is also expanding products geographically and pursuing opportunities with other turbine manufacturers, including SSB Wind Systems, Alstom, Nordex and Suzlon. Diddell said Suzlon, an Indian turbine manufacturer, has begun receiving modules and represents the company’s first non-GE OEM opportunity for use in new turbine builds. In electric rail, Richardson Electronics supplies superstructures for electric locomotives and starter modules for hybrid, diesel and electric locomotives. Customers include Progress Rail, Wabtec, Caterpillar and GE, according to Diddell. The company’s Canvys display unit generated about $38 million in fiscal 2026, supplying custom displays primarily to medical original equipment manufacturers. Customers include Medtronic, Philips, Siemens, KARL STORZ and Stryker, Diddell said. She described the operation as stable, profitable and requiring relatively little capital. Management is investing in battery energy storage systems aimed at commercial, industrial and data-center customers rather than utility-scale projects. Diddell said the company recently announced an order for 18 small systems for an Alaskan tribal community. Richardson Electronics initially plans to resell systems with technology partners, then add its own assembly and technology components over time. Diddell said the company expects fiscal 2027 to be focused on building its sales pipeline and completing permitting and project preparations, with meaningful battery storage revenue growth expected in fiscal 2028. The company ended fiscal 2026 with nearly $32 million in cash and no debt, Diddell said. It has an unused line of credit with PNC Bank and intends to continue paying its dividend. Management also said a multiyear inventory purchase program was completed in March, with inventory expected to decline and become a source of cash generation going forward. For fiscal 2027, Diddell said Richardson Electronics expects revenue growth, margin improvement and improved operating income. The company is adding second-shift capacity to meet semiconductor demand and said it could add a third shift if needed. Richardson Electronics, Ltd. (NASDAQ:RELL) is a global manufacturer, distributor and servicer of engineered components and subsystems for a diverse range of industrial, medical and scientific applications. The company specializes in vacuum electron devices, high-voltage power supplies and related electronic components, offering klystrons, traveling wave tubes, magnetrons, X-ray tubes, microwave amplifiers and power conversion products. Its solutions support customers in power grid management, semiconductor processing, medical imaging, scientific instrumentation and telecommunications. In addition to its manufacturing capabilities, Richardson Electronics maintains a broad distribution network comprising thousands of standard and custom parts. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Richardson Electronics Sees Fiscal 2027 Growth as Semiconductor, Energy Demand Rises" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Delivered eighth consecutive quarter of year-over-year revenue growth, driven by a multiyear strategy to transition from distribution toward higher-value engineered solutions. Performance was broad-based across all three business units, with Power and Microwave Technologies (PMT) benefiting from strong demand in semiconductor wafer fab equipment and defense. Management is intentionally improving the quality of revenue by focusing on repeatable sales opportunities where technical knowledge and global sourcing create competitive moats. The company is aggressively pursuing a 'Made in America' strategy to mitigate tariff exposure and provide faster response times for aerospace and defense customers. Operating discipline and a more profitable business mix supported margin expansion despite a mixed global macro environment and uneven industrial demand. Strategic investments in infrastructure, such as the Sweetwater, Texas facility, are designed to accelerate the design-to-production cycle for new products. Management downsized the CT healthcare team and closed Dubai operations, transferring that work to the UK, while separately expanding its battery energy storage (BES) initiatives through a growing pipeline of nearly 50 active opportunities. Fiscal 2027 is expected to be another year of growth, supported by a 24.8% increase in the combined backlog for the PMT and GES segments. The Battery Energy Storage (BES) strategy is expected to scale in Q1 FY2027, including the announcement of a multimillion-dollar order for 17 units in Alaska. Management anticipates significant bottom-line improvements in the healthcare program for FY2027 following the divestiture of Alta tube assets and a pivot to Siemens tube repairs. The company identified 32 'ready-to-execute' AI opportunities across supply chain, manufacturing, sales, and finance, with 6 initial pilot programs already validated and ready for execution to improve productivity and workflow consistency. Growth in the semiconductor wafer fab market is expected to persist through calendar year 2027 based on positive feedback from key customers and their end-users. A $400,000 settlement related to an unclaimed property state audit impacted fourth-quarter operating expenses. The company completed the sale of assets dedicated to the Alta tube program in March 2026, marking a strategic exit from that specific product line. Tariff uncertainty, geopolitical risks, and logistics costs remain primary headwinds for the Canvys and PMT business segments. Management maintains a disciplined capital allocation policy, prioritizing organic growth and BES inventory over stock buybacks or dividend increases. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management noted that while long-term visibility remains limited, customer feedback is very positive through calendar year 2027. The company is maintaining an aggressive inventory position on piece parts to allow for rapid releases when customers provide orders. The partnership allows Richardson to meet 'Made in America' requirements by integrating Gotion's North American-manufactured batteries into their own containers. Richardson will act as the primary sales and engineering arm for niche North American opportunities, specifically targeting the 760kW to 5MW range. Gotion's upcoming sodium-ion battery technology is viewed as a potential future roadmap item for the North American market. Most PMT and GES backlog is scheduled to ship within the fiscal year or within five quarters, as there are no multi-year contracts in those segments. Canvys backlog can span two to three years due to the nature of large medical OEM contracts, though book-to-bill remains strong at 1.3. Management clarified that 55% to 60% of total sales are now products that Richardson either manufactures directly or has manufactured exclusively to their specifications. This shift is central to the company's goal of increasing margins and providing unique engineered solutions.

Interested in Richardson Electronics, Ltd.? Here are five stocks we like better. Richardson Electronics delivered strong fiscal 2026 results, with full-year net sales up 9.4% to $228.6 million and a swing to $6.4 million in net income from a prior-year loss. Fourth-quarter sales rose 27.6% to $66.2 million, marking the company’s eighth straight quarter of year-over-year growth. Growth was broad-based across all three segments, led by Power & Microwave Technologies, Green Energy Solutions, and Canvys. Management highlighted strength in semiconductor wafer fab, RF/microwave, wind, defense, and custom display markets, plus early momentum in battery energy storage opportunities. The company ended the year with a solid balance sheet and continued capital discipline, reporting $31.8 million in cash and no revolving credit debt. Management said it will prioritize growth investments over buybacks while continuing efficiency efforts and expanding engineered solutions. Micro-Cap Richardson Electronics Pulls Back Into A Buy Richardson Electronics (NASDAQ:RELL) reported a stronger fourth quarter and fiscal 2026 performance, with management pointing to broad-based demand across its Power & Microwave Technologies, Green Energy Solutions and Canvys businesses, while also emphasizing continued investment in engineered solutions and battery energy storage. Chairman and Chief Executive Officer Ed Richardson said the company’s fiscal 2026 results reflected “significant year-over-year revenue growth, improved gross margin, and strengthened operating performance.” He said the performance was not driven by a single product line, customer or end market, citing demand from semiconductor wafer fab equipment, defense, healthcare, industrial applications, wind, EV, power conversion and customized display markets. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Richardson Electronics Ups The Voltage On Growth Richardson said the company continued to focus on “higher value engineered solutions, repeatable sales opportunities, and customer programs” where its technical knowledge, application engineering, global sourcing and inventory position can add value. He also said the company is advancing efforts around battery energy storage, which management views as a natural extension of its power conversion and energy-related capabilities. Chief Financial Officer Bob Ben said consolidated net sales increased 27.6% in the fiscal fourth quarter to $66.2 million, compared with $51.9 million in the prior-year quarter. He said it marked the company’s eighth consecutive quarter of year-over-year sales growth and its highest quarterly net sales since the third quarter of fiscal 2023. → 3 Photonics Companies Making Quantum Tech Possible Small-Cap Richardson Electronics Electrifies The Market The fourth quarter was led by a 28.1% increase in Power & Microwave Technologies sales, driven by growth in semiconductor wafer fab and RF and microwave products. Green Energy Solutions sales rose 20.4% from the prior-year quarter to $1.1 million, helped by higher wind product sales. Canvys sales increased 29.5%, or $2.8 million, reflecting higher sales in North America. Consolidated gross margin was 31.2% of net sales, down from 31.6% in the same quarter a year earlier. Ben said the decline was due to lower margins in PMT and GES from product mix, partly offset by higher Canvys margins tied to improved freight costs as a percentage of net sales. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off Operating expenses rose to $17.6 million from $15.6 million, driven by higher salaries and incentives related to sales growth. The quarter also included a $0.4 million unclaimed property state audit settlement. As a percentage of sales, operating expenses improved to 26.6% from 30.0%. Operating income was $3.9 million, compared with $0.6 million a year earlier. Net income was $3.7 million, or $0.25 per diluted share, compared with net income of $1.1 million, or $0.08 per diluted share, in the prior-year quarter. Non-GAAP net income was $3.0 million, or $0.21 per diluted share. For fiscal 2026, Richardson Electronics reported net sales of $228.6 million, up 9.4% from $208.9 million in fiscal 2025. Ben said the increase reflected higher sales across all three business segments. Full-year gross margin was 31.2%, up 20 basis points from fiscal 2025. Operating expenses improved to 28.8% of net sales from 29.8% in the prior year. Operating income was $6.5 million, compared with an operating loss of $2.5 million in fiscal 2025. The company reported net income of $6.4 million, or $0.44 per diluted share, compared with a net loss of $1.1 million, or $0.08 per diluted share, in fiscal 2025. Non-GAAP net income was $5.7 million, or $0.40 per diluted share. Cash and cash equivalents totaled $31.8 million at fiscal year-end, compared with $29.5 million at the end of the third quarter and $35.9 million at the end of fiscal 2025. The company had no outstanding debt on its revolving credit line with PNC Bank. Ben also said the board declared a regular quarterly cash dividend of $0.06 per common share, payable in the first quarter of fiscal 2027. Greg Peloquin, general manager of Power & Microwave Technologies and Green Energy Solutions, said both groups remain key parts of the company’s multi-year growth plan. GES sales grew 20.4% in the fourth quarter and 7.3% for the full fiscal year, while PMT sales excluding the legacy healthcare business were $47.1 million in the quarter, up 31.1% from the prior-year period. Peloquin said PMT benefited from RF and wireless components in SATCOM, radar and communications markets, as well as continued strength in semiconductor wafer fab demand. He said semiconductor wafer fab customers have expressed optimism about continued growth into calendar 2027. In GES, Peloquin highlighted broader adoption of the company’s pitch energy modules across wind turbine platforms, including partnerships with major GE wind turbine owner-operators such as RWE, Invenergy, Enel and NextEra. He said the company has received orders outside North America from customers in Brazil, Australia, India, France and Italy. Peloquin also said the company shipped its first battery energy storage program in the fourth quarter and now has a pipeline of nearly 50 active opportunities. He said the company expects to announce a multimillion-dollar order for battery energy storage systems in the first quarter. During the question-and-answer session, Peloquin said the company is not primarily targeting “mega” data center projects. Instead, he described the focus as smaller commercial, industrial and utility applications, including systems of 760 kilowatts and 5 megawatts that can be stacked for larger needs. He said one booked opportunity involves 17 units for a federal reservation in Alaska, using Gotion batteries. Jens Ruppert, general manager of Canvys, said the custom display business posted fourth-quarter revenue of $12.3 million, up 29.5% from $9.5 million a year earlier, setting a new quarterly revenue record for the unit. Full-year Canvys revenue was $37.3 million, up 12.4% from $33.1 million. Canvys gross margin was 32.3% in the fourth quarter, compared with 32.1% a year earlier. For the full year, gross margin was 32.0%, down from 32.9% in fiscal 2025. Ruppert said product mix, tariffs, freight and other supply chain costs continued to create pressure. The Canvys backlog increased to $40.8 million at the end of the fourth quarter from $38.2 million at the end of the third quarter. Ruppert said the business had a fourth-quarter book-to-bill ratio of 1.3 and entered the new fiscal year with a solid order book and improved visibility, while noting that the business remains project-focused and can vary by customer program timing. Chief Operating Officer Wendy Diddell said the company remains focused on accelerating growth and improving efficiency. She said Richardson Electronics is now focused entirely on repairing Siemens CT tubes, sold most assets tied to the ALTA tube program during the fourth quarter and downsized its CT healthcare team. Diddell also said the company closed its Powerlink Dubai operations, transferring work to its Powerlink U.K. location. She said management is looking for ways to free up cash for growth initiatives by improving efficiency in core operations. On artificial intelligence, Diddell said the company completed a 90-day AI advisory engagement that identified and triaged 47 AI opportunities, including 32 that are ready to execute using existing tools. She said six pilot programs have been validated for execution. In response to a shareholder question about returning additional capital through buybacks or dividends, Ed Richardson said the board discusses the issue regularly but has concluded that the company is better served deploying capital into growth opportunities rather than buying back stock. Richardson closed the call by saying the macroeconomic environment remains uncertain, citing tariff uncertainty, geopolitical risk, inflation and uneven industrial demand. However, he said the company believes its balance sheet, focus on engineered solutions and exposure to power management, energy storage, semiconductor manufacturing, defense and customized display markets position it to build on fiscal 2026 progress. Richardson Electronics, Ltd. (NASDAQ:RELL) is a global manufacturer, distributor and servicer of engineered components and subsystems for a diverse range of industrial, medical and scientific applications. The company specializes in vacuum electron devices, high-voltage power supplies and related electronic components, offering klystrons, traveling wave tubes, magnetrons, X-ray tubes, microwave amplifiers and power conversion products. Its solutions support customers in power grid management, semiconductor processing, medical imaging, scientific instrumentation and telecommunications. In addition to its manufacturing capabilities, Richardson Electronics maintains a broad distribution network comprising thousands of standard and custom parts. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Richardson Electronics Q4 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Richardson Electronics Ltd (NASDAQ:RELL) reported a significant year-over-year revenue growth of 27.6% in the fourth quarter, marking the eighth consecutive quarterly increase. The company achieved improved gross margins and strengthened operating performance, reflecting successful execution of its multi-year strategy. All three business unitsPower and Microwave Technologies (PMT), Green Energy Solutions (GES), and Canvascontributed to the strong performance, with notable growth in semiconductor wafer fab and RF microwave products. Richardson Electronics Ltd (NASDAQ:RELL) is advancing its efforts in battery energy storage, aligning with long-term demand drivers such as electrification and renewable energy integration. The company maintains a strong cash position with $31.8 million in cash and cash equivalents and no outstanding debt, providing financial flexibility for future growth initiatives. Despite the positive results, the global environment remains mixed with challenges such as tariff uncertainty, geopolitical risks, inflation, and uneven industrial demand. Consolidated gross margin slightly decreased by 40 basis points to 31.2% due to lower margins in PMT and GES as a result of product mix. Operating expenses increased to $17.6 million from $15.6 million in the prior year, driven by higher salaries and incentives. The company faces limited visibility in certain markets, making it challenging to forecast future demand accurately. Richardson Electronics Ltd (NASDAQ:RELL) continues to face pressure from tariffs, freight, and other supply chain costs, impacting margins. Warning! GuruFocus has detected 10 Warning Signs with RELL. Is RELL fairly valued? Test your thesis with our free DCF calculator. Q: What visibility does Richardson Electronics have regarding semiconductor demand into the first quarter? A: Ed Richardson, CEO, mentioned that while visibility remains limited, feedback from customers and their end customers is very positive. The company experienced excellent growth in Q3 and Q4, which is expected to continue throughout FY27. Q: Can you expand on the focus on higher value engineered solutions and what has changed recently? A: Greg Peliquin, General Manager of Power and Microwave Technologies, explained that the company is seeing new opportunities in areas like electric locomotives and other products for Progress Rail Caterpillar. The focus is on investing in higher technology and integrated products for long-term growth. Q: How is the opportunity with GE turbine ultracapacitor replacements developing? A: Greg Peliquin stated that the product passed GE's testing with flying colors, proving safer than current lead acid batteries. GE has approved the product for a site in Canada, and it is now up to owner operators to request installations. Q: Could you provide more context on the battery energy storage solutions and their relation to data center opportunities? A: Greg Peliquin clarified that the focus is not on mega data centers but on commercial and utility applications. The initial offerings are 760 kW and 5 MW products, targeting niche applications like municipal buildings and utility applications. Q: Has there been any consideration for returning additional capital to shareholders through buybacks or dividends? A: Ed Richardson stated that the board discusses this every quarter but currently believes that investing capital in new opportunities is more beneficial than buying back stock. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Richardson Electronics (RELL) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +200.00%. A quarter ago, it was expected that this electronic components and communication products company would post earnings of $0.05 per share when it actually produced earnings of $0.07, delivering a surprise of +40%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Richardson Electronics, which belongs to the Zacks Electronics - Parts Distribution industry, posted revenues of $66.2 million for the quarter ended May 2026, surpassing the Zacks Consensus Estimate by 19.55%. This compares to year-ago revenues of $51.89 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Richardson Electronics shares have added about 57.9% since the beginning of the year versus the S&P 500's gain of 9.7%. While Richardson Electronics has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Richardson Electronics was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.10 on $58.5 million in revenues for the coming quarter and $0.39 on $234.99 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Parts Distribution is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Avnet (AVT), is yet to report results for the quarter ended June 2026. This distributor of electronic components is expected to post quarterly earnings of $1.76 per share in its upcoming report, which represents a year-over-year change of +117.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Avnet's revenues are expected to be $7.45 billion, up 32.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Richardson Electronics, Ltd. (RELL) : Free Stock Analysis Report Avnet, Inc. (AVT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Fourth quarter net sales increased 27.6% year over year, with growth across all three business units Fourth quarter GAAP net income increased 244.4% to $3.7 million, or $0.25 per common share (diluted) Fiscal 2026 net sales increased 9.4%, marking the Company’s second consecutive year of annual sales growth Backlog reached $164.4 million, its highest level in three years and an increase of 8.7% from the third quarter LAFOX, Ill., July 22, 2026 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its fourth quarter and fiscal year ended May 30, 2026. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. “I am pleased to report that Richardson Electronics delivered its eighth consecutive quarter of year-over-year sales growth, and the highest quarterly net sales since the third quarter of fiscal 2023. Fourth-quarter performance reflected strong demand in Power and Microwave Technologies, particularly for engineered solutions serving the semiconductor wafer fabrication equipment market, as well as distributed RF and microwave products. We also continued to see growth in Green Energy Solutions and Canvys had a record quarter. For the full fiscal year, our team executed well, delivering sales growth, improved gross margin, and stronger operating performance,” said Edward J. Richardson, Chairman, Chief Executive Officer, and President. “Our backlog ended the year at its highest level in three years, reflecting continued customer activity across several of our key markets. We are encouraged by the opportunities we see in power management, semiconductor manufacturing, defense, energy storage, and customized display solutions. While the broader economic environment remains fluid, our strong balance sheet, technical capabilities, and focus on higher-value engineered solutions position us well to build on the progress achieved in fiscal 2026 and create sustainable long-term value for our shareholders,” Mr. Richardson concluded. Fourth Quarter Results Net sales for the fourth quarter of fiscal 2026 were $66.2 million, a 27.6% increase from $51.9 million in the prior year’s fourth quarter. All business units experienced strong year-over-year sales growth. PMT sales increased $10.4 million, or 28.1% due to strong growth in semiconductor wafer fab and RF and Microwave products. GES sales increased by $1.1 million, or 20.4% as a result of higher sales of Wind products. Canvys’ sales increased $2.8 million, or 29.5%, reflecting higher sales in North America. Backlog grew 8.7% to $164.4 million at the end of the fourth quarter of fiscal 2026, versus $151.2 million at the end of the third quarter of fiscal 2026, primarily driven by an increase in PMT. Total GES backlog improved by nearly 5%. Gross margin for the fourth quarter was 31.2% of net sales, compared to 31.6% during the fourth quarter of fiscal 2025. PMT gross margin decreased to 31.1%, compared to 31.4%, as a result of product mix. GES gross margin decreased to 30.2%, from 31.6% also due to product mix. Canvys gross margin increased to 32.3%, from 32.1% primarily due to improved freight costs as a percentage of net sales. Operating expenses were $17.6 million, compared to $15.6 million in the fourth quarter of fiscal 2025. The increase in operating expenses resulted from higher salaries and incentives driven by the significant sales growth in both the fourth quarter and fiscal year 2026. Also, included in operating expenses for the fourth quarter of fiscal 2026 was a $0.4 million unclaimed property state audit settlement. As a percentage of net sales, operating expenses improved to 26.6% in the fourth quarter of fiscal 2026 versus 30.0% in the prior year’s fourth quarter. Gain on disposal of assets of $0.8 million resulted from the sale of healthcare equipment and inventory related to ALTA products, which are no longer being manufactured and sold. Operating income was $3.9 million and non-GAAP operating income* was $3.5 million for the fourth quarter of fiscal 2026, compared to an operating income of $0.6 million and non-GAAP operating income* of $0.8 million in the prior year’s fourth quarter. Other income for the fourth quarter of fiscal 2026, including interest income and foreign exchange was $0.3 million, compared to other income of $1.3 million in the fourth quarter of fiscal 2025. Income tax provision was $0.4 million and non-GAAP income tax provision* was $0.7 million for the fourth quarter of fiscal 2026, versus an income tax provision of $0.9 million and non-GAAP income tax provision* of $0.3 million in the prior year’s fourth quarter. The effective tax rate for the fourth quarter of fiscal 2026 was 10.8%. Net income was $3.7 million and non-GAAP net income* was $3.0 million for the fourth quarter of fiscal 2026, compared to net income of $1.1 million and non-GAAP net income* of $1.8 million for the fourth quarter of fiscal 2025. Earnings per common share (diluted) were $0.25 and non-GAAP earnings per common share (diluted)* were $0.21 in the fourth quarter of fiscal 2026, compared to earnings per common share (diluted) of $0.08 and non-GAAP earnings per common share (diluted)* of $0.12 in the fourth quarter of fiscal 2025. EBITDA* was $5.0 million in the fourth quarter of fiscal 2026. EBITDA* after adjusting to exclude the gain on the sale of Healthcare assets and the unclaimed property state audit settlement (Adjusted EBITDA*) was $4.2 million in the fourth quarter of fiscal 2026. EBITDA* for the fourth quarter of fiscal 2025 was $2.9 million. EBITDA* after adjusting to exclude the loss on the sale of the majority of its Healthcare assets (Adjusted EBITDA*) was $3.1 million in the fourth quarter of fiscal 2025. The Company maintained its solid financial position with cash and cash equivalents of $31.8 million as of May 30, 2026, versus $29.5 million as of February 28, 2026. Cash generated during the fourth quarter of fiscal 2026 primarily related to net income adjusted for depreciation and amortization and lower inventory, partially offset by higher accounts receivable. The Company also invested $1.0 million during the quarter in capital expenditures, primarily related to its manufacturing business, facilities improvements, and IT systems, versus $0.8 million during last year’s fourth quarter. As of the end of the fourth quarter of fiscal 2026, the Company had no outstanding debt on its revolving line of credit with PNC Bank. Fiscal Year Ended May 30, 2026 Net sales for fiscal 2026 were $228.6 million, an increase of 9.4%, compared to net sales of $208.9 million during fiscal 2025. Sales increased by $13.5 million, or 9.1% for PMT, $2.1 million, or 7.3% for GES, and $4.1 million, or 12.4% for Canvys. Gross profit increased to $71.3 million during fiscal 2026, compared to $64.8 million during fiscal 2025. As a percentage of net sales, gross margin was 31.2% of net sales during fiscal 2026, compared to 31.0% during fiscal 2025 primarily due to product mix. Operating expenses increased to $65.7 million for fiscal 2026, compared to $62.2 million for fiscal 2025. The increase in operating expenses resulted from higher salaries and incentive compensation as a result of the significant sales growth in fiscal 2026 as well as the unclaimed property state audit settlement expense. As a percentage of net sales, operating expenses were 28.8% during fiscal 2026 versus 29.8% during fiscal 2025. Operating income was $6.5 million and non-GAAP operating income* was $6.1 million during fiscal 2026, compared to an operating loss of $2.5 million and non-GAAP operating income* of $2.6 million during fiscal 2025. Other income for fiscal 2026, including interest income, foreign exchange and other, was $1.0 million, compared to other income of $0.9 million in fiscal 2025. The income tax provision was $1.1 million and the non-GAAP income tax provision* was $1.4 million for fiscal 2026 compared to an income tax benefit of $0.4 million and a non-GAAP income tax provision* of $0.3 million during fiscal 2025. The effective tax rate for fiscal 2026 was 14.6%. Net income was $6.4 million and non-GAAP net income* was $5.7 million for fiscal 2026, versus a net loss of $1.1 million and a non-GAAP net income* of $3.2 million during fiscal 2025. Earnings per common share (diluted) was $0.44 and non-GAAP earnings per common share (diluted)* was $0.40 for fiscal 2026 compared to $0.08 net loss per common share (diluted) and non-GAAP earnings per common share (diluted)* of $0.22 for fiscal 2025. EBITDA* for fiscal 2026 was $11.3 million. EBITDA* after adjusting to exclude the gain on sale of Healthcare assets and the unclaimed property state audit settlement expense (Adjusted EBITDA*) was $10.4 million. EBITDA* for fiscal 2025 was $2.5 million. EBITDA* after adjusting to exclude the loss on the sale of Healthcare assets (Adjusted EBITDA*) was $7.5 million. * Please refer to Unaudited Reconciliation between GAAP and non-GAAP Financial Measures below for a reconciliation of non-GAAP items to the comparable GAAP measures. CASH DIVIDEND DECLARED The Board of Directors of Richardson Electronics declared a $0.06 quarterly cash dividend per share to holders of common stock and a $0.054 cash dividend per share to holders of Class B common stock. The dividend will be payable on August 26, 2026, to common stockholders of record as of August 7, 2026. NON-GAAP FINANCIAL MEASURES In addition to financial measures (“GAAP financial measures”) prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), we have included financial measures in this press release that are not defined by or calculated in accordance with GAAP (collectively, “non-GAAP financial measures”). For each of the non-GAAP financial measures referenced in this release, we are providing below a reconciliation of differences between the non-GAAP financial measure and the most directly comparable GAAP financial measure. We also provide an explanation of why the Company believes these non-GAAP financial measures provide useful information to investors, and any additional material purposes for which our management or Board of Directors use these non-GAAP financial measures. Non-GAAP Operating Income (Loss): Non-GAAP operating income (loss) is GAAP operating income (loss), adjusted to exclude the gain/loss on the sale of assets of the Company’s Healthcare business recorded in fiscal 2025 and fiscal 2026 and the settlement of an unclaimed state property audit in fiscal 2026. The following table represents the Company’s calculation of non-GAAP operating income (loss) for the periods presented and a reconciliation to the most directly comparable GAAP financial measure: Non-GAAP Income (Loss) Before Taxes: Non-GAAP Income (Loss) Before Taxes is income (loss) before taxes, adjusted to exclude the gain/loss on the sale of assets of the Company’s Healthcare business recorded in fiscal 2025 and fiscal 2026 and the settlement of an unclaimed state property audit in fiscal 2026.The following table represents the Company’s calculation of non-GAAP Income (Loss) Before Taxes for the periods presented and a reconciliation to the most directly comparable GAAP financial measure: NON-GAAP FINANCIAL MEASURES (continued) Non-GAAP Income Tax Expense or Benefit: Non-GAAP Income Tax Expense or Benefit is income tax provision (benefit), adjusted to exclude the gain/loss on the sale of assets of the Company’s Healthcare business recorded in fiscal 2025 and fiscal 2026, the settlement of an unclaimed state property audit in fiscal 2026 and valuation allowance adjustments in fiscal 2025 and fiscal 2026. The following table represents the Company’s calculation of non-GAAP Income Tax Expense (Benefit) for the periods presented and a reconciliation to the most directly comparable GAAP financial measure: Non-GAAP Net Income (Loss): Non-GAAP Net Income (Loss) is net income (loss), adjusted to exclude the gain/loss on the sale of assets of the Company’s Healthcare business recorded in fiscal 2025 and fiscal 2026, the settlement of an unclaimed state property audit in fiscal 2026, and valuation allowance adjustments in fiscal 2025 and fiscal 2026. The following table represents the Company’s calculation of non-GAAP Net Income (Loss) for the periods presented and a reconciliation to the most directly comparable GAAP financial measure: NON-GAAP FINANCIAL MEASURES (continued) Non-GAAP Earnings (Loss) Per Common Share (Diluted): Non-GAAP Earnings (Loss) Per Common Share (Diluted) is net income (loss) per share (diluted), adjusted to exclude the gain/loss on the sale of assets of the Company’s Healthcare business recorded in fiscal 2025 and fiscal 2026, the settlement of an unclaimed state property audit in fiscal 2026, and valuation allowance adjustments in fiscal 2025 and fiscal 2026. The following table represents the Company’s calculation of non-GAAP Earnings (Loss) Per Common Share (diluted) for the periods presented and a reconciliation to the most directly comparable GAAP financial measure: EBITDA: EBITDA is net income (loss), plus income tax expense (benefit) and depreciation and amortization expense. The following table represents the Company’s calculation of EBITDA for the periods presented and a reconciliation to the most directly comparable GAAP financial measure: Adjusted EBITDA: Adjusted EBITDA is EBITDA (a non-GAAP financial measure defined and calculated in accordance with the above), adjusted to exclude the gain/loss on the sale of assets of the Company’s Healthcare business recorded in fiscal 2025 and fiscal 2026 and the settlement of an unclaimed state property audit in fiscal 2026. The following table represents the Company’s calculation of Adjusted EBITDA for the periods presented and a reconciliation to the most directly comparable GAAP financial measure: Management believes the non-GAAP financial measures referenced herein provide useful information to investors in assessing the Company’s financial performance because items that are not considered by the Company to be indicative of the Company’s ongoing results, such as the one-time gain/loss on the sale of assets of the Company’s Healthcare business, are excluded. Our management uses these non-GAAP financial measures along with the most directly comparable GAAP financial measures in evaluating our financial performance and when planning, forecasting and analyzing future periods. The non-GAAP financial measures presented herein, as determined and presented by the Company, may not be comparable to related or similarly titled measures reported by other companies. These non-GAAP financial measures are not intended to be used as a substitute for the related GAAP financial measures. The non-GAAP financial measures should be viewed in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. CONFERENCE CALL INFORMATION The Company will host a conference call and question-and-answer session on Thursday, July 23, 2026, at 9:00 a.m. Central Time, to discuss its fourth quarter and fiscal 2026 results. Participants may register for the call here. While not required, it is recommended you join 10 minutes prior to the event start. A replay of the call will be available beginning at 1:00 p.m. Central Time on July 23, 2026, for seven days.  Registration instructions are also on our website at www.rell.com. In addition, the webcast link is available here. FORWARD-LOOKING STATEMENTS This release includes certain “forward-looking” statements as defined by the Securities and Exchange Commission. Statements in this press release regarding the Company’s business that are not historical facts represent “forward-looking” statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K filed on August 4, 2025, and other reports we file with the Securities and Exchange Commission. The Company assumes no responsibility to update the “forward-looking” statements in this release as a result of new information, future events or otherwise. ABOUT RICHARDSON ELECTRONICS, LTD. Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, green energy products, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components including green energy solutions; tubes for diagnostic imaging equipment; and customized display solutions. More than 55% of our products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of our manufacturing partners throughout the world. All our partners manufacture to our strict specifications and per our Supplier Code of Conduct. We serve customers in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com. Richardson Electronics’ common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL

Electronics distributor Richardson Electronics (NASDAQ:RELL) will be announcing earnings results this Wednesday afternoon. Here’s what to look for. Richardson Electronics beat analysts’ revenue expectations last quarter, reporting revenues of $55.47 million, up 3.1% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates. Is Richardson Electronics a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Richardson Electronics’s revenue to grow 6.7% year on year, slowing from the 9.5% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Richardson Electronics has missed Wall Street’s revenue estimates multiple times over the last two years. Looking at Richardson Electronics’s peers in the industrial distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. MSC Industrial delivered year-on-year revenue growth of 7.8%, beating analysts’ expectations by 1.3%, and Fastenal reported revenues up 14.7%, topping estimates by 1.9%. MSC Industrial traded up 3.2% following the results while Fastenal was down 3.6%. Read our full analysis of MSC Industrial’s results here and Fastenal’s results here. Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the industrial distributors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4% on average over the last month. Richardson Electronics is down 8.8% during the same time and is heading into earnings with an average analyst price target of $14.50 (compared to the current share price of $16.71). ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.

LAFOX, Ill., July 15, 2026 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its fourth quarter ended May 30, 2026 after the close of business on Wednesday, July 22, 2026. The release will be distributed by GlobeNewswire and will be available on the Company’s website at www.rell.com. On Thursday, July 23, 2026, at 9:00 a.m. Central Time, Edward J. Richardson, Chairman and Chief Executive Officer, and Robert J. Ben, Chief Financial Officer, will host a conference call to discuss the Company’s fourth quarter fiscal year 2026 results. A question-and-answer session will be included as part of the call’s agenda. Participant Instructions Participants may register for the call here. While not required, it is recommended you join 10 minutes prior to the event start. A replay of the call will be available beginning at 1:00 p.m. Central Time on July 23, 2026, for seven days. Registration instructions are also on our website at www.rell.com. In addition, the webcast link is available here. About Richardson Electronics, Ltd. Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, green energy products, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components including green energy solutions; tubes for diagnostic imaging equipment; and customized display solutions. More than 55% of our products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of our manufacturing partners throughout the world. All our partners manufacture to our strict specifications and per our Supplier Code of Conduct. We serve customers in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com. Richardson Electronics’ common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL. www.rell.com | [email protected]

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Richardson Electronics (NASDAQ:RELL) and the best and worst performers in the specialty equipment distributors industry. Historically, specialty equipment distributors have boasted deep selection and expertise in sometimes narrow areas like single-use packaging or unique lighting equipment. Additionally, the industry has evolved to include more automated industrial equipment and machinery over the last decade, driving efficiencies and enabling valuable data collection. Specialty equipment distributors whose offerings keep up with these trends can take share in a still-fragmented market, but like the broader industrials sector, this space is at the whim of economic cycles that impact the capital spending and manufacturing propelling industry volumes. The 8 specialty equipment distributors stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 1.8% while next quarter’s revenue guidance was in line. In light of this news, share prices of the companies have held steady as they are up 1.8% on average since the latest earnings results. Founded in 1947, Richardson Electronics (NASDAQ:RELL) is a distributor of power grid and microwave tubes as well as consumables related to those products. Richardson Electronics reported revenues of $55.47 million, up 3.1% year on year. This print exceeded analysts’ expectations by 4.4%. Overall, it was an incredible quarter for the company with a beat of analysts’ EPS and EBITDA estimates. “I am pleased to report that Richardson Electronics has now delivered seven consecutive quarters of year-over-year sales growth, reflecting continued progress in executing our multi-year strategy. Our performance this quarter was led by strong momentum in PMT, particularly in EDG and the semifab equipment market. Third quarter sales growth was supported by continued discipline around gross margin and operating expenses. Our performance reflects the strength of our team, as we continue to invest across the organization to build depth, technical expertise, and operating performance,” said Edward J. Richardson, Chairman, CEO, and President. Interestingly, the stock is up 54.1% since reporting and currently trades at $18.12. Is now the time to buy Richardson Electronics? Access our full analysis of the earnings results here, it’s free. Inspired by a family gas station, Custom Truck One Source (NYSE:CTOS) is a distributor of trucks and heavy equipment. Custom Truck One Source reported revenues of $461.6 million, up 9.3% year on year, outperforming analysts’ expectations by 1.1%. The business had an exceptional quarter with a beat of analysts’ EPS and EBITDA estimates. Custom Truck One Source achieved the highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 11.4% since reporting. It currently trades at $9.78. Is now the time to buy Custom Truck One Source? Access our full analysis of the earnings results here, it’s free. Known for distributing John Deere tractors and LESCO turf care products, SiteOne Landscape Supply (NYSE:SITE) provides landscaping products and services to professionals, including irrigation, lighting, and nursery supplies. SiteOne reported revenues of $940.1 million, flat year on year, falling short of analysts’ expectations by 4.2%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue and adjusted operating income estimates. SiteOne delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 27.7% since the results and currently trades at $103.38. Read our full analysis of SiteOne’s results here. Founded in 1991, Hudson Technologies (NASDAQ:HDSN) specializes in refrigerant services and solutions, providing refrigerant sales, reclamation, and recycling. Hudson Technologies reported revenues of $60.15 million, up 8.7% year on year. This number beat analysts’ expectations by 5.2%. Aside from that, it was a slower quarter as it produced a significant miss of analysts’ adjusted operating income estimates. The stock is down 18.9% since reporting and currently trades at $5.31. Read our full, actionable report on Hudson Technologies here, it’s free. Founded as Lollicup, Karat Packaging (NASDAQ: KRT) distributes and manufactures environmentally-friendly disposable foodservice packaging solutions. Karat Packaging reported revenues of $116.9 million, up 12.9% year on year. This result topped analysts’ expectations by 3.5%. Overall, it was a very strong quarter as it also recorded a solid beat of analysts’ EBITDA estimates. The stock is down 9.8% since reporting and currently trades at $27.44. Read our full, actionable report on Karat Packaging here, it’s free. Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure? These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.

Richardson Electronics delivered a first quarter that exceeded Wall Street’s expectations on both revenue and adjusted profit, with positive market reaction following the announcement. Management credited the results to sustained momentum in its Power and Microwave Technologies (PMT) segment, particularly within semiconductor fabrication and RF/microwave products, as well as ongoing strength in engineered solutions for green energy applications. The company also highlighted disciplined cost management and continued investments in technical expertise, which helped offset the impact of lower operating margins compared to the prior year. Is now the time to buy RELL? Find out in our full research report (it’s free). Revenue: $55.47 million vs analyst estimates of $53.13 million (3.1% year-on-year growth, 4.4% beat) Adjusted EPS: $0.07 vs analyst estimates of $0.02 (significant beat) Adjusted EBITDA: $2.18 million vs analyst estimates of $1.73 million (3.9% margin, relatively in line) Operating Margin: 2.7%, down from 4% in the same quarter last year Backlog: $151.2 million at quarter end, up 12.8% year on year Market Capitalization: $197.4 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Justin (Sidoti & Company) asked about initial adoption of the Laser Slot Saver product. General Manager Gregory Peloquin said customer requests for information are high, but the product is still in its launch phase with active outreach underway. Robert Brooks (Northland Capital Markets) questioned the dynamics behind GES project timing and backlog. Peloquin explained that customer orders are structured as annual contracts, with shipments varying by season and customer needs, resulting in variable quarterly sales but strong ongoing order activity. Brooks also asked for the top near-term opportunities in GES. Peloquin cited battery energy storage (BES), new pitch energy modules for wind turbines, and accessory products like Turbine Guard as key growth drivers with broad potential. P. Ross Taylor (ARS Investment Partners) inquired about the company’s strategy for increasing recurring revenue and involvement in artificial diamond technology. COO Wendy Diddell detailed recurring revenue from tube replacements and ongoing work with diamond substrate manufacturers for advanced semiconductor cooling. Chip Rui (Rui Asset Management) pressed for clarity on the impact of the GE wind turbine program and semiconductor market cycles. Peloquin noted the GE program could expand the addressable market by roughly 15-20%, and expects the semiconductor upcycle to last longer than in prior periods. Looking ahead, the StockStory team will be watching (1) the pace of adoption and revenue contribution from new product launches like Laser Slot Saver and battery energy storage solutions, (2) how effectively Richardson Electronics manages inventory reduction and cash conversion following its completed supply build, and (3) whether strong backlog conversion in PMT and GES translates into sustained double-digit sales growth. Progress in expanding recurring revenue streams and navigating macro challenges will also be important indicators. Richardson Electronics currently trades at $13.53, up from $11.76 just before the earnings. Is there an opportunity in the stock?Find out in our full research report (it’s free for active Edge members). ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively. Find out which 5 stocks it's flagging for this month — FREE. Get Our Top 5 Growth Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.