Filing Flows › Richardson Electronics (RELL) › Q3 FY26
Richardson Electronics (RELL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Apr 9, 2026
Richardson Electronics (RELL) reported revenue of $55.5M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and +6% from the quarter before. Operating margin was 2.7%, net earnings $893K (1.6% of revenue).
Richardson Electronics, Q3 FY26: revenue $55.5M (+3% year over year), operating margin 2.7%, net earnings $893K, operating cash flow −$2.6M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $55.5M | +6% | +3% |
| Gross profit | $17.7M | +10% | +6% |
| Operating profit | $1.5M | 11× | — |
| Net earnings | $893K | — | — |
| Operating cash flow | −$2.6M | — | -158% |
What changed
Revenue was $55.5M in Q3 FY26, up 3% year over year and up 6% from the previous quarter. Power and Microwave Technologies Group was the largest line at 70% of revenue. Power and Microwave Technologies Group added $3.4M year over year (up 10%), 205% of the total change. Canvys declined 14%.
Gross margin was 31.9%, up 0.9 points from Q3 FY25. Operating profit was $1.5M, a 2.7% margin (up 7.8 points year over year). Operating expenses fell 17% while revenue rose 3%. Net earnings were $893K. The effective tax rate was 25.3%.
Operating cash flow was −$2.6M. Non-cash charges added back $1.0M of depreciation and amortization and $330K of share-based compensation. Working capital and other items used $4.9M. Capital expenditures of $759K exceeded it, leaving free cash flow of −$3.4M.
Questions
What was Richardson Electronics' revenue in the third quarter fiscal 2026?
Richardson Electronics (RELL) reported revenue of $55.5M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and +6% from the quarter before.
Was Richardson Electronics profitable in the third quarter fiscal 2026?
Operating profit was $1.5M (2.7% of revenue) and net earnings $893K.