Filing Flows › Richardson Electronics (RELL) › Q2 FY26
Richardson Electronics (RELL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jan 8, 2026
Richardson Electronics (RELL) reported revenue of $52.3M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and -4% from the quarter before. Operating margin was 0.3%, net loss $121K (0.2% of revenue).
Richardson Electronics, Q2 FY26: revenue $52.3M (+6% year over year), operating margin 0.3%, net loss $121K, operating cash flow −$99K. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $52.3M | -4% | +6% |
| Operating profit | $132K | -86% | — |
| Net earnings | −$121K | -106% | — |
| Operating cash flow | −$99K | -107% | — |
What changed
Revenue was $52.3M in Q2 FY26, up 6% year over year and down 4% from the previous quarter. Power and Microwave Technologies Group was the largest line at 67% of revenue. Global Energy Solutions added $2.3M year over year (up 39%), 83% of the total change. Power and Microwave Technologies Group declined 4%.
Gross margin was 30.7%, down 0.2 points from a year earlier. Operating profit was $132K, a 0.3% margin (up 1.6 points year over year). Operating expenses fell 0% while revenue rose 6%. The quarter ended with a net loss of $121K, after a profit of $1.9M the previous quarter. Net interest and other expense of $328K was the main reason.
Operating cash flow was −$99K. Non-cash charges added back $937K of depreciation and amortization and $325K of share-based compensation. Working capital and other items used $1.2M. Capital expenditures of $1.6M exceeded it, leaving free cash flow of −$1.7M.
Questions
What was Richardson Electronics' revenue in the second quarter fiscal 2026?
Richardson Electronics (RELL) reported revenue of $52.3M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and -4% from the quarter before.
Was Richardson Electronics profitable in the second quarter fiscal 2026?
Operating profit was $132K (0.3% of revenue) and net loss $121K.