Richardson Electronics, Ltd. (RELL) has reported significant growth in its fiscal 2026 performance, driven by a surge in demand across semiconductor wafer fabrication and wind energy sectors. The company’s largest segment, Power and Microwave Technologies (PMT), generated $160.5 million in revenues, reflecting a year-over-year increase of 9.1%. Notably, PMT revenues for the fiscal fourth quarter reached $47.5 million, up 28.1% compared to the same period last year.
Additionally, Richardson Electronics’ Green Energy Solutions (GES) segment reported $30.8 million in revenues for fiscal 2026, marking a 7.3% increase. The company’s order backlog at the end of the fiscal year stood at $164.4 million, up 22.5% year-over-year. With a strong financial position of $31.8 million in cash and no debt, RELL is well-positioned for future growth, particularly in battery energy storage systems expected to yield significant sales by fiscal 2028.
RELL’s stock performance has surged 77.8% in the past year, outpacing industry growth of 55.7% and competitors like Arrow Electronics (63.3%) and Avnet (64.7%). Management anticipates revenue growth and margin improvement in fiscal 2027, reinforcing confidence in its strategic shift towards higher-value engineered solutions.
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