RFIL

RF Industries, Ltd. (RFIL) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on September 14. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of +100%. Revenues are expected to be $23.28 million, up 17.6% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For RF Industries, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that RF Industries will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that RF Industries would post earnings of $0.09 per share when it actually produced earnings of $0.14, delivering a surprise of +55.56%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. RF Industries doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 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 RF Industries, Ltd. (RFIL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

RF Industries, Ltd. RFIL used its second-quarter fiscal 2026 earnings call to press a familiar message with firmer evidence behind it. The company says its diversification strategy and operating discipline are now translating into better profitability and stronger visibility.The setup mattered because management paired a revenue and earnings beat versus the Zacks Consensus Estimate with sequential sales growth, a rising backlog, and explicit commentary that third-quarter sales should increase from the second quarter. Chief executive officer Robert Dawson framed the quarter around improved mix, operating leverage, and demand visibility rather than a one-time lift. He said the company’s move toward being a solutions provider is producing stronger customer engagement and more targeted inbound interest.That narrative was supported by the numbers management emphasized. Revenues rose to $20.7 million, gross margin expanded 360 basis points to 35.1%, and adjusted EBITDA nearly doubled to $2 million. Revenues topped the Zacks Consensus Estimate of $19.7 million by 5.2%RFIL reported adjusted earnings of 14 cents per share, beating the Zacks Consensus Estimate of 9 cents per share and delivering a 55.6% surprise. RF Industries, Ltd. price-consensus-eps-surprise-chart | RF Industries, Ltd. Quote Dawson’s clearest forward-looking message was that demand indicators improved through the quarter and into June. He pointed to $26.3 million in bookings and a quarter-end backlog of $20 million, which he said supports expectations for continued growth in the second half of fiscal 2026.He was also more explicit on near-term revenues than many small-cap industrial executives tend to be. Management said fiscal third-quarter sales are expected to increase sequentially, while integrated systems activity should accelerate in the back half of the year.That outlook leaned on visibility from the backlog, but management also stressed that order timing can still move around as shipments are fulfilled. Chief financial officer Peter Yin called the backlog build a strong indicator of second-half momentum rather than a fixed revenue guarantee. President and chief operating officer Ray Bibisi argued that the quarter validated RFIL’s diversification strategy. He said Custom Cabling again led results, Interconnect built backlog, and Integrated Systems improved bookings even though some small-cell activity shifted out of the quarter.Management repeatedly tied that diversification to reduced vulnerability. Bibisi said when one area faces timing pressure, other product lines can offset it, and Dawson pointed to aerospace, data center infrastructure, venues, transportation, and telecom as end markets where engagement is rising.The company also highlighted newer product development. Bibisi said RF Industries launched products in thermal cooling and RF passives during the second quarter, while Dawson described direct air cooling systems as a meaningful growth platform for edge data center applications. Even with the stronger tone, management did not present the quarter as frictionless. Dawson said small-cell deployments were slower because some customers were working through restructuring and M&A-related timing issues, though he characterized that as temporary rather than structural.Bibisi also flagged tariff uncertainty as an area being watched closely. He said the company has been managing costs through supplier negotiations, transformation efforts, and sourcing relocation, but noted that decisions expected in July could still affect the operating environment.On working capital, Yin said inventory rose partly because products were built and ready to ship in the second quarter, while customer releases moved into the third quarter. He said inventory turns and working capital should improve as those releases come through. The analyst from B. Riley asked whether Custom Cabling now represents the company’s new shape or whether Integrated Systems can regain balance in the mix. Dawson responded that Integrated Systems underperformed internal expectations in the second quarter because some anticipated shipments moved later into the year, but he still called it an important growth contributor.The same analyst pressed on the aerospace customer that has become a larger part of revenues. Dawson said the relationship is still relatively new but is performing well, with custom designs and steady demand tied to the customer’s schedule of needs.On AI infrastructure, management sounded constructive but disciplined. Dawson positioned DAC around edge data center deployments rather than hyperscale facilities and said the company sees a multiyear growth runway, with cost efficiency versus traditional HVAC forming a central part of the pitch. Coming out of the call, RF Industries presented itself as a business moving from proof of concept to proof of earnings power. Management’s tone stayed focused on execution, mix improvement, and the benefits of operating above the $20 million quarterly revenue level.Just as important, leadership tied that profitability improvement to visible demand signals, not only to cost controls. The combination of stronger bookings, a higher backlog, and sequential sales guidance gave the call a more forward-looking posture than a standard quarterly recap. RFIL carries a Zacks Rank #3 (Hold), along with a Value Score of C, Growth Score of A, Momentum Score of F, and VGM Score of B. In Zacks’ framework, a Rank #3 can still be held, while the score hierarchy remains straightforward: A is stronger than B, and both are better than lower grades.That combination points to stronger growth characteristics and a solid blended profile, but weaker momentum. It does not carry the same upside signal as a Zacks Rank #1 (Strong Buy) or #2 (Buy) paired with top style scores, and the rank can change as earnings estimate revisions adjust after the latest results. You can see the complete list of today’s Zacks #1 Rank stocks here. 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 RF Industries, Ltd. (RFIL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

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. Management is successfully transitioning the business from a component supplier to a solutions provider, leading to increased customer engagement in the wireless carrier ecosystem. Revenue growth and margin expansion were driven by a shift toward higher-margin engineered custom cabling and a disciplined focus on operational efficiencies. The company is experiencing significant operating leverage, with incremental revenue above the $20 million quarterly threshold contributing disproportionately to the bottom line. Diversification across end markets like aerospace, data centers, and transportation is providing structural durability and offsetting temporary timing delays in small cell deployments. Custom cabling demand is near historic peak levels, supported by repeat business from major aerospace and industrial manufacturing accounts for mission-critical systems. The Direct Air Cooling (DAC) product line is gaining traction in the edge data center market, offering a 75% cost advantage over traditional HVAC solutions. Management expects fiscal third quarter sales to increase sequentially over Q2, supported by a record backlog of $20.1 million. Integrated Systems activity is projected to accelerate in the second half of the year as temporary customer M&A and restructuring delays in the small cell sector resolve. The company anticipates that the margin and earnings trajectory demonstrated in Q2 is sustainable due to ongoing cost reduction programs and favorable product mix. Inventory turns and working capital are expected to improve in the second half as products built in Q2 are released and shipped to customers. Management plans to utilize positive cash flow to reduce net debt to an immaterial level relative to the balance sheet. RFI is set to be included in the Russell 3000 Index beginning June 26, which management expects will enhance liquidity and institutional visibility. The company is closely monitoring the tariff environment ahead of July decisions, utilizing source relocation and strategic sourcing to mitigate potential impacts. Small cell deployment delays in Q2 were characterized as temporary timing issues related to customer-specific M&A rather than a structural decline in demand. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management noted that while custom cabling is currently leading, Integrated Systems underperformed in Q2 due to timing shifts in small cell shipments. The long-term goal is a diversified portfolio where different product lines step up in different quarters to ensure consistent growth. The customer was acquired last year and now represents approximately 14% of revenue, driven by unique designs for mission-critical systems. Management expects consistent performance but noted that specific run rates depend on the customer's internal schedules. RFI is specifically targeting the 'edge' data center market rather than hyperscale facilities, as AI requires pushing equipment closer to users. Management believes liquid cooling will complement rather than replace DAC, which remains significantly more cost-effective than traditional HVAC for edge deployments.

This article first appeared on GuruFocus. Revenue: $20.7 million, a 9% increase year-over-year and sequentially. Gross Profit Margin: 35.1%, up 360 basis points from the previous year. Adjusted EBITDA: $2 million, nearly doubled from the previous year. Net Income: $879,000, compared to a loss of $245,000 in the previous year. Non-GAAP Net Income: $1.6 million or $0.14 per diluted share. Bookings: $26.3 million, the strongest in many years. Backlog: $20 million at quarter end, providing visibility into the second half of the fiscal year. Cash and Cash Equivalents: $3.4 million as of April 30. Working Capital: $16.5 million with a current ratio of approximately 1.9 to 1. Inventory: $14.4 million, up from $12.6 million last year. Outstanding Credit Facility: $6.1 million. Warning! GuruFocus has detected 6 Warning Signs with RFIL. Is RFIL fairly valued? Test your thesis with our free DCF calculator. Release Date: June 15, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. RF Industries Ltd (NASDAQ:RFIL) reported a significant year-over-year revenue increase to nearly $21 million, with a gross profit margin expansion to 35.1%. The company achieved a positive consolidated net income of $879,000, a substantial improvement from a loss of $245,000 in the same quarter of the previous year. RF Industries Ltd (NASDAQ:RFIL) experienced robust bookings, driving their backlog to $20 million, providing better visibility into the second half of the fiscal year. The company is seeing increased customer engagement, particularly in the wireless carrier ecosystem, indicating growing visibility in target end markets. RF Industries Ltd (NASDAQ:RFIL) is set to be included in the Russell 3000 index, which is expected to enhance visibility with institutional investors and expand the shareholder base. Small cell deployments were slower in the quarter due to timing issues from key customers, which is viewed as a temporary issue. Inventory levels increased slightly due to timing, with products built and ready to ship in Q2 but customer releases moved into Q3. The company is facing potential challenges with the tariff environment, with key decisions expected in July that could impact operations. Integrated systems underperformed expectations in Q2, largely due to shipment delays in the small cell world. Working capital absorbed some cash in the first half, impacting free cash flow, although the company plans to manage this by paying down the line closer to a minimum balance. Q: On the custom cabling side, is this the new shape of the business, or do you expect integrated systems to come back and rebalance the mix? A: Robert Dawson, CEO: We're pleased with the performance of custom cabling, but integrated systems underperformed in Q2 due to timing issues. We expect integrated systems to grow and contribute significantly in the future, maintaining a diversified product mix. Q: How do you expect the large aerospace and defense customer to impact revenue in the coming quarters? A: Robert Dawson, CEO: The relationship with the aerospace customer is strong, and we expect to continue performing well. While we don't predict exact figures, we anticipate it will remain a consistent part of our business. Q: Can you expand on how the DAC solution factors into data centers and AI infrastructure? A: Robert Dawson, CEO: Our DAC solution is well-suited for edge data center applications, offering cost efficiency and functionality. As large data centers face location challenges, edge deployments become crucial, and our DAC systems are positioned to benefit from this trend. Q: How should we think about working capital and free cash flow in the second half? A: Peter Yin, CFO: We plan to use cash to pay down our credit line, which will help with interest expenses. We expect to see cash build as we manage working capital efficiently. Q: What is the outlook for the DAC solution in terms of growth and market opportunities? A: Robert Dawson, CEO: We see a strong growth trajectory for DAC in the next one to two years, with opportunities to innovate and expand our product offerings. The DAC solution is becoming a key growth driver for us. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in RF Industries, Ltd.? Here are five stocks we like better. RF Industries posted a strong fiscal Q2, with revenue up 9% year over year and sequentially to $20.7 million, gross margin expanding to 35.1%, and adjusted EBITDA nearly doubling to $2 million. The company also returned to profitability with net income of $879,000 versus a loss a year ago. Bookings were a major highlight, reaching $26.3 million and lifting backlog to about $20 million, which management said improves visibility for the second half of the year. Leadership described it as the company’s strongest bookings quarter in many years. Management expects continued growth from custom cabling, integrated systems, and especially direct air cooling (DAC) for edge data centers, which it says can be far more cost-effective than traditional HVAC. The company also guided for third-quarter sales to rise sequentially and noted its upcoming addition to the Russell 3000 should boost investor visibility. Under-The-Radar RF Industries Is A Steal At These Prices RF Industries (NASDAQ:RFIL) reported higher fiscal second-quarter revenue and a return to profitability, with management citing improved operating leverage, stronger bookings and broader demand across several end markets. Chief Executive Officer Robert Dawson said the company delivered “another quarter of solid execution” as it continued to focus on improving profitability, diversifying end markets and scaling the business in a disciplined manner. Revenue for the quarter was nearly $21 million, increasing both year over year and sequentially. Chief Financial Officer Peter Yin later specified that sales rose 9% on both a year-over-year and sequential basis to $20.7 million. → Viasat's Orbiting Profits: Space Force Jackpot? RF Industries Is A Micro-Cap You Need To Own Gross profit margin expanded to 35.1%, up 360 basis points from 31.5% in the prior-year quarter. Dawson said adjusted EBITDA nearly doubled year over year to $2 million, while consolidated net income was $879,000, compared with a loss of $245,000 in the second quarter of fiscal 2025. Management highlighted bookings as a key indicator of momentum heading into the second half of the fiscal year. President and Chief Operating Officer Ray Bibisi said the company generated more than $26 million in bookings during the quarter, describing it as the company’s strongest bookings quarter “in many years.” → What to Expect From Q2 Earnings as Tech Strength Broadens Yin said bookings totaled $26.3 million, up $8.4 million from the prior quarter, driving backlog to $20 million as of April 30, a $5.6 million quarter-over-quarter increase. Dawson said backlog stood at $20.1 million as of the call date, which he said provides improved visibility into the second half of the fiscal year. “Most notably, we’re seeing the power in our operating leverage, with incremental revenue contributing disproportionately to the bottom line,” Dawson said. Yin added that the company has long believed its business has significant operating leverage above $20 million in quarterly revenue and said the second-quarter results reflected that dynamic. → Alphabet's Most Overlooked Division Just Had a Big Week Dawson said customer engagement has increased, particularly in the wireless carrier ecosystem and related infrastructure providers. He said customers are approaching RF Industries around specific use cases and deployments rather than general inquiries, which he characterized as evidence that the company is gaining visibility in target markets such as aerospace, data center infrastructure, venues and transportation. Custom cabling remained a major contributor in the quarter. Dawson said these products are engineered builds rather than commodity items, often designed for exact performance, durability or regulatory specifications. He said demand from aerospace and industrial manufacturing customers was driving overall demand to near-peak historical levels. During the question-and-answer portion of the call, Dawson said custom cabling is performing well with both existing and new customers. Asked whether it represented the new shape of the business, he said integrated systems underperformed expectations in the second quarter due largely to small cell shipment timing, but management expects integrated systems to continue growing. “We’re enjoying the fact that the pistons are kind of firing in all different places and we’re seeing that diversity hit,” Dawson said. Bibisi said custom cabling delivered strong results from both the company’s Connecticut and Long Island teams. He also said interconnect posted solid combined numbers and continued to build a healthy backlog, while integrated systems generated strong bookings during the quarter and entered the second half with improved backlog. Management continued to emphasize the company’s direct air cooling, or DAC, systems as a growth opportunity. Dawson called DAC systems “a game changer” and said adoption is expanding across more use cases, including applications identified by customers and partners. Dawson said RF Industries is focused on edge data center deployments rather than hyperscale data centers. He said traditional HVAC remains a competitive solution, but management believes DAC has advantages in adaptability, functionality and cost efficiency. He also said liquid cooling, often used in hyperscale data centers, is more likely to complement RF Industries’ offering than replace it economically. In response to an analyst question, Dawson said the company’s DAC solution is a strong fit for edge data center applications, including buildings, cabinets and enclosures where equipment is being moved closer to users. He said the company has data showing DAC can be up to 75% more cost-effective than traditional HVAC in those environments. Bibisi said engineering and product management remain areas of significant focus. He said newly engineered products and solutions released in the first half generated strong bookings and shipments, and that the company launched new products in thermal cooling and RF passives during the second quarter. He also said RF Industries is advancing DAC trials with new customers, markets and applications. Yin said RF Industries ended the quarter with $3.4 million in cash and cash equivalents, working capital of $16.5 million and a current ratio of about 1.9-to-1. Current assets were $35.1 million, and current liabilities were $18.6 million. The company had $6.1 million outstanding on its revolving credit facility at quarter-end. Inventory was $14.4 million, up from $12.6 million in the prior-year period. Bibisi said inventory was slightly higher due to timing, as some products were built and ready to ship in the second quarter but customer releases moved into the third quarter. He said RF Industries expects inventory turns and working capital to improve as those releases occur. Yin said the company continues to manage working capital to strengthen liquidity and its capital position. In response to an analyst question about cash flow, he said cash declined partly because the company used cash to pay down its credit line, which also helped with interest expense. He said RF Industries expects to reduce net debt to a level it views as immaterial relative to the balance sheet. Dawson said RF Industries expects fiscal third-quarter sales to increase sequentially from the second quarter, based on what management knows today. He also said integrated systems activity should accelerate in the back half of the year and that diversified end-market exposure provides durability. The company said small cell deployments were slower during the quarter because of timing issues with some key customers that were working through restructuring or merger-and-acquisition-related matters. Dawson said management views this as a temporary timing issue rather than a structural change in demand and expects activity to resume and increase through the balance of the year. Bibisi said the company’s U.S.-based manufacturing footprint on both the East and West Coasts, along with its diversified supply chain, gives it flexibility to respond to changing demand. He also said cost reduction efforts are producing results through supplier negotiation, transformation initiatives and tariff management through source relocation, while noting that management is monitoring the tariff environment closely ahead of key decisions expected in July. Dawson also noted that RF Industries is set to be included in the Russell 3000 beginning June 26, which he said should help expand institutional investor visibility, enhance liquidity and lead to a broader shareholder base. RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation. The company's offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment. 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 "RF Industries Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for June 2026.

Image source: The Motley Fool. Monday, June 15, 2026 at 4:30 p.m. ET Chief Executive Officer — Robert D. Dawson President and Chief Operating Officer — Ray Bibisi Chief Financial Officer — Peter Yin Need a quote from a Motley Fool analyst? Email [email protected] Robert D. Dawson President and COO, Ray Bibisi and CFO, Peter Yin. We issued our press release after market today, and that release is available on our site at rfindustries.com. I want to remind everyone that during today's call, management will be making forward looking statements that involve risks and uncertainties. Please note that information on this call today may constitute forward looking statements under the Securities Exchange laws. When used, the words anticipate, believe, expect, intend, future and other similar expressions identify forward looking statements. These forward looking statements reflect management's current views with respect to future events and financial performance and are subject to risks and uncertainties. Actual results may differ materially from the outcomes contained in any forward looking statements Factors that could cause these forward looking statements to differ from results include the risks and uncertainties discussed in the company's reports on Forms 10-K and 10-Q other filings with the SEC. RF Industries undertakes no obligation to update or revise any forward looking statements. Additionally, throughout this call, we will be discussing certain non GAAP financial measures. Today's earnings release and related current report on Form 8 ks describe the differences between our GAAP and non GAAP reporting. And with that, I will turn the conference over to Robert D. Dawson, Chief Executive Officer. Go ahead, Robert. Robert D. Dawson: Thanks, Donni. Good afternoon, everyone. Thanks for joining us. The RFI team delivered another quarter of solid execution in Q2. Continuing the steady progression we have outlined over the last several quarters. As we have consistently communicated, our focus has been on improving profitability, diversifying our end markets, and scaling the business in each in a disciplined way. And we are now delivering tangible results across each of those priorities that are converting into meaningful year over year improvement in both revenue and profitability. As a quick summary, second quarter revenue of nearly $21 million increased both year over year and sequentially. And gross profit margin expanded to 35.1%, a 360 basis point gain over the same period last year. Adjusted EBITDA nearly doubled year over year to $2 million and we also delivered positive consolidated net income of $879 thousand versus a loss of $245 thousand in the second quarter of fiscal 25. Our team continued to generate robust bookings, driving backlog to $20 million at quarter end And as of today, it sits at $20.1 million. Which helps provide better visibility into the second half of the fiscal year and supports our expectation of continued growth Most notably, we are seeing the power in our operating leverage. With incremental revenue contributing disproportionately to the bottom line. These results reflect both the improved mix and operational discipline we have implemented across the business. A momentum perspective, we are seeing clear validation of our strategy to position RFI as a solutions provider versus a component supplier. Customer engagement has increased meaningfully especially in the wireless carrier ecosystem, and with the related infrastructure providers. Receiving more targeted inbound interest with customers approaching us around specific use cases, and deployments rather than general inquiries. I think this indicates that we are gaining visibility in our target end markets. Which are among the most dynamic sectors in the U.S. economy. These are markets like aerospace, data center infrastructure, venues, and transportation. Which includes airport settings, rail, and other mass transit for example. Our long standing reputation for quality and service, our talented technical engineering teams, and our commitment to the American workforce, have created a strong value proposition to current and prospective customers. Importantly, this is translating into increased demand. We continue to see steady activity across our pipeline. Recurring order flow from key customers, including our largest accounts, and continued strength in our distribution channels. Our pipeline remains a key source of confidence We are actively engaged in several large potential opportunities. Including multi site deployments of our integrated systems, that could represent meaningful incremental revenue if awarded. These opportunities are driven by large scale network deployments and upgrades. And they include turnkey solutions that combine our products and technical know how with installation and logistics support. And, of course, with each new solution or application, we fine tune and expand our product and services road map. Across our end markets, we are seeing visibility improve going forward. Regarding small cells, deployments were slower in the quarter based on timing from some key customers as they work through restructuring or other M&A details. We view this as a temporary timing issue not a structural change in underlying demand. And we expect activity to resume and increase through the balance of the year. In early May, RFI participated in ConnectX, which is widely considered to be a premier US event for communication infrastructure and connectivity. It brings the entire wireless ecosystem together. Carriers, power companies, integrators, distributors, and manufacturers. In a single venue. Our booth was extremely active and our customer discussions were specific and actionable. If customer engagement and booth traffic are real time demand indicators, our telecom pipeline should continue to grow. Custom cabling solutions continue to be a big contributor in the second quarter. To be clear, these are engineered builds rather than commodity items. They are typically designed to meet exact specs for performance, durability or regulatory requirements. RFI's reputation in this business is second to none. And a big reason that major aerospace and industrial manufacturing companies are repeat customers for mission critical cabling systems. Which is driving overall demand to near peak levels historically. As you have heard from me before, we believe our direct air cooling (DAC) systems are a game changer. We are seeing adoption expand across a broader set of use cases. Many of which have been identified by our customers and partners. DAC is uniquely efficient and cost effective for both small and large deployments. And we are finding new ways to add incremental value such as remote monitoring, and installation services. I have been asked about our DAC competitive position. And while traditional HVAC is still an obvious competitive solution, we believe we have an edge on adaptability, functionality, and cost efficiency. Technologies like liquid cooling, which is often used in hyperscale data centers, is more likely to complement our offering rather than economically replace it. This is why we are leaning into the edge data center market versus the massive hyperscale data centers. We believe our product portfolio is better and more visible in the market. Hats off to our marketing and technical teams who are making this happen. From an operational perspective, we continue to believe in the scalability of our manufacturing footprint and our capacity to meet growing demand. Ray will go into more detail on some of the areas that I have discussed. But let me give a quick summary before I hand the call off to Ray. Looking ahead, we are feeling confident in our trajectory. With what we know today, we expect fiscal third quarter sales to increase sequentially over Q2. Integrated Systems activity should accelerate in the back half of the year. Our diversified end market exposure provides durability, Operating leverage should continue to drive margin expansion. And most importantly, we are executing against the same strategic priorities we have outlined. And delivering measurable results. On a final note, we were pleased to learn that RFI is set to be included in the Russell 3 thousand beginning on June 26th. Being included in this index should help to expand our visibility with institutional investors. Enhance our liquidity, and lead to a broader shareholder base. Now let me turn the call over to Ray. Ray Bibisi: Thank you, Robert, and good afternoon, everyone. As Rob highlighted, the RFI team is executing very well. I want to take the next several minutes to walk you through how we are actively managing key levers of our business to drive growth reduce vulnerability, and create lasting shareholder value. I will take you through sales, product management, engineering and operations, and the levers driving our strategy forward. Let me begin with our commercial results. The growth trajectory we have been building is showing up in our numbers. When you look at where we have come from, $18.8 million Q2 of last year, $19.1 million last quarter, and $20.7 million this quarter the direction is clear. that is not a coincidence. it is our strategy working exactly as designed. But the number I want you to focus on is our bookings. In Q2, we achieved over $26 million in bookings our strongest bookings quarter in many years. Let that sink in. That performance drove our backlog to over 20 million giving us the visibility and the confidence that the back half of 2026 is set up well. We have been saying diversification would be our strength. And in Q2, proved it again. When 1 area faces timing pressures, others step up. that is not luck. that is a portfolio working exactly as it was designed. Custom cabling once again led the way delivering strong results driven by contributions from both our Connecticut and Long Island teams. Interconnect put up solid combined numbers and continues to build a healthy backlog. And in integrated systems, these product areas continue to build momentum The team delivered strong bookings during Q2. Bolstering the backlog headed into the second half of the year. Turning to engineering and product management, This remains an area of significant focus and I am pleased to report that the work we have been doing is translating directly into results. Our engineering roadmap continues to grow. Spanning strategic initiatives tactical developments, and cost reduction efforts. Representing meaningful revenue potential over the next few years. What excites me is the innovation is already showing up in our numbers. Newly engineered prod products and solutions released in the first half have generated strong bookings and shipments, and we expect that momentum to continue to build as we move through the year. In Q2 specifically, we launched new products across thermal cooling and RF passives proof that our road map is executing on schedule and delivering customer value. On the strategic side, we are advancing DAC trials with new customers, markets, and applications. Exciting developments that continue to validate our thermal cooling solutions. Our product road map is focused on developing and enhancing solutions that anticipate customer needs and expand the value we deliver across our end markets. Our engineering teams are building solutions designed not just for today's requirements, but for where our customers are headed. That forward looking mindset is what we believe will make RF Industries the trusted partner of choice across the markets that we serve. Operations. Continues to be a key differentiator for us. Our US based manufacturing footprint spanning both East and West Coast facilities combined with our deliberately diversified supply chain gives us the flexibility to respond quickly to changing demand while avoiding disruptions. Built to scale, built to deliver. That is the operational foundation we have put in place. 2 other areas worth highlighting. First, our cost reduction program is delivering strong results in the first half. Driven by supplier negotiation, transformation initiatives, and tariff management through source relocation. That said, we are not naive about the tariff environment. With key decisions still ahead in July, we are monitoring the situation closely and are prepared to adapt as needed. The diversification of our supply chain and our ongoing strategic sourcing efforts position us well to manage whatever comes next. Second, on inventory. It was slightly up this quarter due to timing. We had products built and ready to ship in Q2, but customer releases moved into Q3. As those releases come through, we expect inventory turns in working capital to improve. Across all areas of our business, we are enhancing process efficiency improving visibility, and reinforcing execution discipline. Our teams are aligned, our tools are improving, and our real time visibility across all business units is giving us the insight to make faster, smarter decisions. This is the operational foundation that allows us to scale quickly, maintain consistent quality and margins as demand grows. We are building an organization that is not just executing for today, but is structured to perform as we grow. When I step back and look at what we are building, diversified revenue streams disciplined operations, and a culture of innovation, it all connects. These are not independent efforts They work together to reduce vulnerability, create opportunities, and convert our pipeline and backlog into real performance gains. And importantly, we are doing it while closely and maintaining our operational integrity. I would categorize Q2 as a quarter that reinforced the growth trajectory of our business. And quite frankly, it has us excited as we move into the second half. The revenue growth is consistent The bookings are at levels we have not seen in many years. The backlog gives us real visibility, and the team is executing. That combination does not happen by accident. It happens when strategy, people, and execution align And right now, they are aligned. I want to take a moment to recognize the RF Industries team across every segment and every function whose commitment and hard work made this quarter possible. They are the reason we are having this conversation today. And to our customers, your trust and partnership mean everything to us. We are confident in our ability to deliver results and unlock the full potential of our business. And I cannot wait to share what the second half looks like. I will now turn the call over to Peter to walk through the financial results. Peter? Peter Yin: Thank you, Ray, and good afternoon, everyone. As you just heard from Robert and Ray, our team continued to deliver strong results in our fiscal second quarter. Sales increased 9%, on both a year over year and sequential basis to $20.7 million Gross profit margin increased 360 basis points to 35.1% from 31.5% year over year. The improvement reflected our team's strong execution, to drive new business with price realization along with operational efficiencies focusing on cost control. We have long believed our business carries significant operating leverage above $20 million in quarterly revenue. And our Q2 results reflected exactly that. Second quarter operating income was $1.1 million a significant improvement from the $106 thousand we reported last year. Consolidated net income was $879 thousand or $0.08 per diluted share On a non GAAP basis, net income was $1.6 million, or $0.14 per diluted share. This compares to a consolidated net loss of $245 thousand or $0.02 per diluted share, and non-GAAP net income of $701 thousand or $0.07 per diluted share in Q2 fiscal 25. Second quarter adjusted EBITDA was $2 million compared to adjusted EBITDA of $1.1 million in Q2 25. Moving to the balance sheet. As of April 30, we had a total of $3.4 million of cash and cash equivalents, and we have working capital of $16.5 million and a current ratio of approximately 1.9-to-1 with current assets of $35.1 million and current liabilities of $18.6 million. At our second quarter end, we had $6.1 million outstanding on our revolving credit facility. We continue to actively manage working capital to strengthen our liquidity and overall capital position. As we continue to generate positive cash flow, we expect to reduce net debt to a level we view as immaterial relative to our balance sheet. Our inventory was $14.4 million, up from $12.6 million last year. We continue to monitor inventory levels closely and we have a prudent approach to inventory management that balances discipline, with customer demand. Inventory levels may fluctuate quarter to quarter based on timing of inventory received relative to expected shipments and any delays. Moving on to our backlog. Bookings for the second quarter were $26.3 million up $8.4 million versus the previous quarter, driving backlog to $20 million as of April 30. A $5.6 million increase quarter over quarter. As of today, our backlog currently stands at $20.1 million As always, backlog can fluctuate based on order timing and fulfillment, but we view the increase as a strong indicator of second half momentum. Overall, our first half results reinforced the confidence we have in our business model and the operating leverage we are now realizing above $20 million in sales. With bookings accelerating and backlog building, as we enter the second half of our fiscal year, we believe the margin and earnings trajectory we demonstrated in Q2 is sustainable. And we are committed to delivering continued growth and shareholder value going forward. With that, I will open up the call for your questions. Operator: Thank you. At this time, we will be conducting a question and answer session. You may press 2 if you would like to remove your question from the queue. 1 moment, please. While we pull for questions. Once again, please press 1 if you have a question or a comment. The first question comes from Josh Nichols with B. Riley. Please proceed. Matthew: Hi. This is Matthew on for Josh. Thanks for taking my questions. I guess just to start off, on the custom cabling side, it is basically now your largest product line. I am wondering, like, is this the new shape of the business, or do you expect integrated systems to come back and rebalance? The mix? Robert D. Dawson: Yeah. Hey, Matthew. Thanks for the question. So, look, we are really happy with the way custom cabling is performing. The team's doing amazing work both with existing long term customers and with new that we have acquired I think when you look at the sort of the breakdown of the quarter from a product set, integrated systems underperformed sort of our plan in Q2 largely to my comments just based on my comments that in the small cell world, we had some things that we expected would have been a little, would have had more shipments in the quarter and some of those got pushed out to later in the year. So I think we expect integrated systems is going to continue to grow for us and be a nice growth part of the business that is not taking anything away from how great the custom cabling business is and can also be a growth I mean, I think that is kind of all along is to Ray's comments, we have tried to diversify in such a way that not every quarter is going to look exactly the same from a largest customer or 2 perspective nor from a sort of a product makeup. We are enjoying the fact that, you know, the pistons are kind of firing in all places and we are seeing that diversity hit. Matthew: Got it. And on that significant customer side, I mean, you have a large A&D customer that is been, making up 10% of revenue since last quarter, around 14% now. I am just wondering how do you expect that ramp continuing through, I guess, like, the fiscal third quarter? And like where does that run rate land realistically from here? Robert D. Dawson: Yeah. I think it is you know, look. it is a still somewhat newly acquired customer. That was last year we started doing material levels of business with aerospace customer in particular. And we are pleased with that relationship. We seem to be performing really well for them. We have been working on, you know, unique designs specifically with them. that is the kind of business we do in our custom cabling you know, product areas. Our expectation is that we are gonna continue performing at solid levels there. it is not something we spend a lot of time trying to predict because it is really based on their schedule of need But as long as we keep performing, we feel like it will be a consistent part of our business. Matthew: Got it. Thanks. And I guess it is shifting over. You know, DAX seems like a long, long term strong growth driver. I guess maybe you can you mentioned this a bit in the call, but I am wondering if you can expand more on, like, how on liquid cooling and thermal cooling and how the DAC solution kind of factors into data centers and the AI infrastructure play in general. And I guess just kind of following on that is just in terms of, like, how the data center and AI infrastructure opportunity looks today, and how that can change over the next 12 to 24 months for you guys? Robert D. Dawson: Yeah. Sure. So look. We think our DAC, our specific DAC solution, is a really, really strong entry into the market in the last few years for edge data center applications. And to my comments, this is not the hyperscale, you know, 100 thousand foot or larger huge data centers that are a big topic a big topic at the moment. As more of those continue to get built, they are also finding, you know, the people installing those you know, that equipment and those networks are finding that they need to push equipment closer to the users. And so that is the play we have been involved in for some period of time, starting with the wireless carrier ecosystem where we have, you know, we are entrenched. We know the people. We have agreements. that is sort of where we started getting our first wins, that is now starting to expand into folks that I would call more traditional data center players. Both wireline and really the data center names that we talk about all the time in the news. So for us, it is it is focusing on those edge deployments. there is been a lot of chatter lately of certain municipalities and states coming out with a ruling saying, hey, you cannot build a data center here. As those large data centers get deferred or pushed maybe to a location that was not in the plan we think the edge of the network is a great place to be. And so when you look at those buildings, cabinets, and enclosures that exist currently or that are being installed, they are they are less intrusive. They may not have equipment in them today, but they are gonna need to. that is a place that our DAC systems really can benefit both from a functionality perspective, but also just from a cost efficiency perspective. We have the data that shows we are up to 75% more cost effective. Effective than traditional HVAC deployments in those kinds of environments. So we feel good about it. We think there is a nice growth trajectory ahead of us in that you know, 1 to 2 years and beyond. We also see opportunities to reinvent what we are putting out there in the market today. Related products and then upgrades. To the things that we have today. it is really becoming a, you know, a workhorse and a nice growth trajectory. From a few years ago where we were seeing minimal, if any, contribution from those product lines to what we are now seeing today. Matthew: Got it. Really insightful. And just a final question for me, mainly on working capital and free cash flow. Looks like working capital absorbed some cash in the first half. I am just wondering how we should think about those drivers changing in the second half. And I guess free cash flow conversion in general. Peter Yin: Yes. Thanks for the question. So As you saw, our cash came down a bit That was to pay the line down, Helping us with the interest expense, line there. So as we continue if you kind of exclude that, it is positive cash flow,, but we plan on utilizing the cash to pay down the line closer to that minimum balance. And from there, we should start seeing kind of cash build. Matthew: Got it. that is all for me. Thanks for taking my questions. Robert D. Dawson: Thanks, Matthew. Operator: If there are any remaining questions, please indicate so by pressing *1. On your touch tone phone. Okay. We currently have no further questions in the queue. I would like to turn the floor back over to Robert D. Dawson for closing remarks. Robert D. Dawson: Thank you, John, and thanks, everyone, for joining us today. We appreciate your continued interest and support of RF Industries. And we look forward to sharing our third quarter results in September. Have a great day. Operator: This concludes today's conference, and you may disconnect your lines at this time. Thank you for your participation. 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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. RF Industries (RFIL) Q2 2026 Earnings Transcript was originally published by The Motley Fool

SAN DIEGO, CA / ACCESS Newswire / June 15, 2026 / RF Industries, Ltd, (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced financial results for the second quarter of fiscal year 2026 ended April 30, 2026. Second Quarter Fiscal 2026 Highlights and Operating Results: Net sales were $20.7 million, a 9% increase from $18.9 million year-over-year and a 9% increase from $19.0 million in the first quarter of fiscal 2026. Backlog of $20 million at quarter-end on second quarter bookings of $26.3 million. As of today, the backlog stands at $20.1 million. Gross profit margin was 35.1%, a 360-basis point improvement from 31.5% in the prior year period. Operating income was $1.1 million, an improvement of $1 million from operating income of $106,000 year-over-year. Consolidated net income was $879,000, or $0.08 per diluted share, an improvement from a consolidated net loss of $(245,000), or $(0.02) per diluted share year-over-year. Non-GAAP net income was $1.6 million, or $0.14 per diluted share, compared to non-GAAP net income of $701,000, or $0.07 per diluted share, in the second quarter of fiscal 2025. Adjusted EBITDA was $2 million, up from $1.1 million year-over-year. See "Note Regarding Use of Non-GAAP Financial Measures," "Unaudited Reconciliation of GAAP to non-GAAP Net Income," "Unaudited Reconciliation of Net Income (Loss) to Adjusted EBITDA" and the description of bookings and backlog below for additional information. Management Commentary "We delivered a strong second quarter by translating solid demand and disciplined execution into both revenue growth and meaningful margin expansion," said Robert Dawson, Chief Executive Officer of RF Industries. "Second quarter revenue of nearly $21 million increased both year-over-year and sequentially, while gross profit margin expanded to 35%, a 360 basis-point gain over the comparable period a year ago. Adjusted EBITDA nearly doubled year-over-year to $2 million, and we also delivered positive consolidated net income of $879,000 compared to a loss of $245,000 in the second quarter of fiscal 2025. These bottom-line results demonstrate the improved product mix and operating leverage that our team has achieved over the past couple of years. Importantly, we continued to generate robust bookings, driving backlog to $20 million at quarter end and reinforcing our visibility into the second half of the fiscal year." "Our team continues to execute on our long-term plans as we expand into higher-value applications with our small cell, DAC, and custom cabling solutions. Our strategy to diversify our end markets not only helped mitigate customer and revenue concentration but also opened direct access to some of the most dynamic sectors in our economy-aerospace, data centers and AI infrastructure, transportation, and public safety, as well as new opportunities in telecommunications. We believe the progress we are making is increasingly evident in our financial results. With improved profitability, a strengthened backlog, and continued operational discipline, we believe we are positioned to build on this momentum and deliver a solid performance in the second half of fiscal 2026," concluded Dawson. Conference Call and Webcast RF Industries will host a conference call and live webcast today, June 15, 2026, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its fiscal second quarter 2026 financial results. To access the live call, dial 888-506-0062 (US and Canada) or 973-528-0011 (International) and give the participant access code 801697. A live audio webcast of the call will also be available on the Investor Relations section of RFI's website at www.rfindustries.com and will be archived for replay. About RF Industries Connecting the next generation with tomorrow's technology, RF Industries designs and manufactures a broad range of interconnect products across diversified, growing markets, including wireless/wireline telecom, data communications and industrial. The Company's products include high-performance components used in commercial applications such as RF connectors and adapters, RF passives including dividers, directional couplers and filters, coaxial cables, data cables, wire harnesses, fiber optic cables, custom cabling, energy-efficient cooling systems, and integrated small cell enclosures. The Company is headquartered in San Diego, California with additional operations in New York, Connecticut, and New Jersey. Please visit the RF Industries website at www.rfindustries.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to future events. Forward-looking statements include, among others, statements concerning our expectations about profitability, revenues, industry trends, markets and any growth trajectory thereof, our ability to build on our momentum and deliver a solid performance in the second half of fiscal 2026., demand for our products, backlog, financial goals, growth opportunities and the expected benefits and desirability of our products, in each case which are subject to a number of factors that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to: changes in the telecommunications industry and materialization and timing of expected network buildouts; timing and breadth of new products; our ability to realize increased sales; successfully integrating new products and teams; our ability to execute on our go-to-market strategies and channel models; our reliance on certain distributors and customers for a significant portion of anticipated revenues; the impact of existing and additional future tariffs imposed by U.S. and foreign nations; our ability to expand our OEM relationships; our ability to continue to deliver newly designed and custom fiber optic and cabling products to principal customers; our ability to maintain strong margins and diversify our customer base; our ability to initiate operating efficiencies, cost savings and expense reductions; our ability to address the changing needs of the market and capitalize on new market opportunities; our ability to add value to our customer's needs; the success of any product launches; our cash and liquidity needs; our ability to continue as a going concern; non-compliance with terms and covenants in our credit facility; and our ability to increase revenue, gross margins or obtain profitability in a timely manner. Further discussion of these and other potential risks and uncertainties may be found in the Company's public filings with the Securities and Exchange Commission (www.sec.gov) including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. All forward-looking statements are based upon information available to the Company on the date they are published, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or new information after the date of this release. Note Regarding Use of Non-GAAP Financial Measures To supplement our unaudited condensed financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), this earnings release and the accompanying tables and the related earnings conference call contain certain non-GAAP financial measures, including adjusted earnings before interest, taxes, depreciation, amortization (Adjusted EBITDA), non-GAAP net income (loss) and non-GAAP earnings (loss) per share, basic and diluted (non-GAAP EPS). We believe these financial measures provide useful information to investors with which to analyze our operating trends and performance by excluding certain non-cash and other one-time expenses that we believe are not indicative of our operating results. In computing Adjusted EBITDA, non-GAAP net income (loss) and non-GAAP EPS, we exclude stock-based compensation expense, which represents non-cash charges for the fair value of stock options and other non-cash awards granted to employees, non-cash and other one-time charges, severance, amortization expense and provision from income taxes. For Adjusted EBITDA, we also exclude depreciation and interest expense. Because of varying available valuation methodologies, subjective assumptions, and the variety of equity instruments that can impact a company's non-cash operating expenses, we believe that providing non-GAAP financial measures that exclude non-cash expense and non-recurring costs and expenses allows for meaningful comparisons between our core business operating results and those of other companies, as well as provides us with an important tool for financial and operational decision-making and for evaluating our own core business operating results over different periods of time. Our Adjusted EBITDA, non-GAAP net income (loss) and non-GAAP EPS measures may not provide information that is directly comparable to that provided by other companies in our industry, as other companies in our industry may calculate non-GAAP financial results differently, particularly related to non-recurring, unusual items. Our Adjusted EBITDA, non-GAAP net income (loss) and non-GAAP EPS are not measurements of financial performance under GAAP and should not be considered as an alternative to operating or net income or as an indication of operating performance or any other measure of performance derived in accordance with GAAP. We do not consider these non-GAAP measures to be a substitute for, or superior to, the information provided by GAAP financial results. Non-GAAP financial measures are subject to limitations and should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP. We believe that these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our GAAP results of operations. We compensate for the limitations of non-GAAP financial measures by relying upon GAAP results to gain a complete picture of our performance. A reconciliation of specific adjustments to GAAP results is provided in the last two tables at the end of this press release. In addition, we have included order bookings and backlog in this earnings release. Bookings represent new orders that have been received inclusive of any modification or cancellation of previous orders. Backlog represents orders that have been received where revenue has not been recognized as of the specified date. We believe both Bookings and Backlog are indicators of future revenues that the Company expects to generate based on orders that management believes to be firm. RF Industries Contact: Peter YinSVP and CFO(858) [email protected] IR Contact: Donni CaseFinancial Profiles, Inc.(310) [email protected] SOURCE: RF Industries, Ltd. View the original press release on ACCESS Newswire

RF Industries, Ltd. (RFIL) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +55.56%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.06, delivering a surprise of +100%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. RF Industries, which belongs to the Zacks Semiconductors - Radio Frequency industry, posted revenues of $20.69 million for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 5.19%. This compares to year-ago revenues of $18.91 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. RF Industries shares have added about 224.4% since the beginning of the year versus the S&P 500's gain of 8.6%. While RF Industries 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 RF Industries 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 $0.19 on $22.36 million in revenues for the coming quarter and $0.58 on $86.63 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, Semiconductors - Radio Frequency is currently in the top 20% 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. Another stock from the broader Zacks Computer and Technology sector, LivePerson (LPSN), has yet to report results for the quarter ended March 2026. This customer-service technology company is expected to post quarterly loss of $0.79 per share in its upcoming report, which represents a year-over-year change of +72.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. LivePerson's revenues are expected to be $53.82 million, down 16.8% 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 RF Industries, Ltd. (RFIL) : Free Stock Analysis Report LivePerson, Inc. (LPSN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research