Richardson Electronics beats Q1 estimates on strong demand

Richardson Electronics reported Q1 results that surpassed analyst estimates, with adjusted earnings per share of $0.27 compared to the expected $0.10. The company's stock saw a 2% increase in after-hours trading following the earnings release. Revenue for the quarter ended August 29, 2026, reached $64.92 million, marking an 18.9% increase from $54.6 million in the same period last year.

Strong demand across all business units, particularly in Power and Microwave Technologies, contributed to the growth, with Green Energy Solutions revenue up 27.1% and Canvys sales growing 7.9%. The company also delivered its ninth consecutive quarter of year-over-year sales growth, reported expanded profitability, and generated strong free cash flow.

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