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Richardson Electronics (RELL) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Oct 8, 2026 · Richardson Electronics (RELL) Q1 FY27 earnings results →

Q1 FY27 Revenue up 19% year over year to $64.9M · 6¢ of every $1 of revenue kept as net profit · operating margin 7.9%

Richardson Electronics made $64.9M in Q1 FY27 (+19% Y/Y). Operating margin 7.9%, net earnings $4.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 8, 2026.

Revenue$64.9M
Year over year+19%
Operating margin7.9%
Net earnings$4.1M
Operating cash flow$5.9M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $64.9M in Q1 FY27, up 19% year over year and down 2% from the previous quarter.

Gross margin was 34.6%, up 3.6 points from Q1 FY26. Operating profit was $5.1M, a 7.9% margin (up 6.1 points year over year). Of the extra revenue versus Q1 FY26, 40% reached operating profit, above the 2% margin then. Operating expenses grew 9% against revenue growth of 19%. Net earnings were $4.1M, up 113% year over year. The effective tax rate was 19.6%.

Operating cash flow was $5.9M (up 330% year over year), 145% of net earnings. Non-cash charges added back $907K of depreciation and amortization and $695K of share-based compensation. Capital expenditures of $1.7M left free cash flow of $4.2M.

Quarterly history

Richardson Electronics revenue by quarterRichardson Electronics revenue by quarter$53.8MQ3 FY25$51.9MQ4 FY25$54.6MQ1 FY26$52.3MQ2 FY26$55.5MQ3 FY26$66.2MQ4 FY26$64.9MQ1 FY27
Richardson Electronics net earnings by quarterRichardson Electronics net earnings by quarter−$2.1MQ3 FY25$1.1MQ4 FY25$1.9MQ1 FY26−$121KQ2 FY26$893KQ3 FY26$3.7MQ4 FY26$4.1MQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QOct 8, 2026$64.9M+19%7.9%$4.1M$5.9M
Q4 FY2610-KAug 3, 2026$66.2M+28%5.8%$3.7M$2.1M
Q3 FY2610-QApr 9, 2026$55.5M+3%2.7%$893K−$2.6M
Q2 FY2610-QJan 8, 2026$52.3M+6%0.3%−$121K−$99K
Q1 FY2610-QOct 9, 2025$54.6M+2%1.8%$1.9M$1.4M
Q4 FY2510-KAug 4, 2025$51.9M+10%1.2%$1.1M$74K
Q3 FY2510-QApr 10, 2025$53.8M+3%-5.1%−$2.1M$4.6M

Charts

Richardson Electronics: revenue growth, year over year and quarter over quarterRichardson Electronics: revenue growth, year over year and quarter over quarterY/YQ/Q+3%Q3 FY25+10%-4%Q4 FY25+2%+5%Q1 FY26+6%-4%Q2 FY26+3%+6%Q3 FY26+28%+19%Q4 FY26+19%-2%Q1 FY27
Latest (Q1 FY27): Y/Y +19%, Q/Q -2%.
Richardson Electronics: where the cash came from (+) and went (−), TTM to Q1 FY27Richardson Electronics: where the cash came from (+) and went (−), TTM to Q1 FY27Operating cash flow$5.3MCapital spending−$5.1MDividends−$3.5MShares issued$3.0MOther investing$1.3MCash drawn (+) / kept (−)−$1.3MExchange rates$354KOther financing−$191K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Richardson Electronics: profit against cash, quarter by quarterRichardson Electronics: profit against cash, quarter by quarterNet incomeOperating cash flow−$751K$5.5MQ2 FY25−$2.1M$4.6MQ3 FY25$1.1M$74KQ4 FY25$1.9M$1.4MQ1 FY26−$121K−$99KQ2 FY26$893K−$2.6MQ3 FY26$3.7M$2.1MQ4 FY26$4.1M$5.9MQ1 FY27
Latest (Q1 FY27): Net income $4.1M, Operating cash flow $5.9M.
Richardson Electronics: diluted shares by fiscal yearRichardson Electronics: diluted shares by fiscal year11MFY2112MFY2213MFY2312MFY2412MFY2513MFY26
+13.7% since FY21: more shares outstanding (issuance, stock pay).
Richardson Electronics in its industry: growth against margin (8 companies, SIC 5065)Richardson Electronics in its industry: growth against margin (8 companies, SIC 5065)revenue growth, year over year →↑ operating marginmedian +20%median 8%AVTARWTELEACOSPRSFSTJUUURELL (+19%, 8%)
Wholesale-Electronic Parts & Equipment, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Richardson Electronics

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.

In its own words, from its 8-K, filed Jul 22, 2026.

Richardson Electronics against its Wholesale-Electronic Parts & Equipment, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +19% against the peers' median +20%. Operating margin: 7.9% against the peers' median 7.9%.

CompanyQuarterRevenueY/YOp. margin
RELL Richardson ElectronicsQ1 FY27$64.9M+19%7.9%
AVT AvnetQ1 FY27$10.7B+82%4.4%
ARW Arrow ElectronicsQ3 2026$10.7B+39%4.0%
TEL TE ConnectivityQ4 FY26$5.3B+12%20.6%
EACO EacoQ4 FY26$164M+34%13.0%
SPRS Surge ComponentsQ3 FY26$10.1M-2%2.4%
FSTJ First America ResourcesQ2 2026$5.8M+20%9.4%
UUU Universal Safety ProductsQ1 FY27$110K-97%-672.9%

Source: Richardson Electronics 10-Q on SEC EDGAR · CIK 355948 · Wholesale-Electronic Parts & Equipment, NEC

13F: who owns RELL and who is buying

Largest holders of RELL (13F)Largest holders of RELL (13F)Royce & Associates LP$27.1MBlackRock$18.9MDDD Partners, LLC$17.0MDimensional Fund Advisors LP$13.5MFirst Wilshire Securities Managem…$12.2MVanguard Capital Management LLC$10.2MAcadian Asset Management LLC$7.3MVanguard Group$7.2MGeode Capital Management, LLC$6.0MRenaissance Technologies LLC$6.0M
Funds' net buying of RELL by quarter (13F)Funds' net buying of RELL by quarter (13F)$833K2024-09$824K2024-12$2.1M2025-03−$2.9M2025-06−$737K2025-09−$1.8M2025-12$4.6M2026-03$25.1M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on RELL

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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