Richardson Electronics, Ltd. (NASDAQ: RELL) reported financial results for its second quarter ended November 29, 2025.
Q2 FY26 net sales increased YoY for the 6th consecutive quarter, led by a 39% YoY increase in GES net sales.
The Board of Directors declared a $0.06 per share quarterly cash dividend.
Q2 FY26 Revenue Growth
5.7% revenue growth, 9% increase in net sales excluding Healthcare.
Segment Performance
Higher sales in GES and Canvys, with GES sales up by 39%.
Financial Position
Maintained a solid financial position with $33.1 million cash and cash equivalents as of November 29, 2025.
- Net sales increased by 5.7% in Q2 FY26, driven by growth in GES and Canvys.
- Impressive operating income improvement year-over-year due to higher volumes and cost management.
- Healthy backlog and sales pipeline despite slight decline in GES backlog.
With a strong balance sheet and profitable growth strategy, Richardson Electronics, Ltd. is well positioned for continued earnings improvement and value creation for shareholders in the remainder of the year.