Richardson Electronics, Ltd. reported a 5.7% revenue growth in the second quarter of fiscal 2026, with net sales totaling $52.3 million. The company’s Green Energy Solutions (GES) business led the growth, with a 39.0% increase in sales due to higher demand for power management products.

Excluding Healthcare, net sales increased by 9.0% year-over-year. Canvys sales also saw growth, increasing by 28.1% in North America. The Healthcare segment was consolidated into the Power & Microwave Technologies segment, resulting in a 4.0% decrease in sales for PMT, while core backlog showed strength in demand for new products.

Gross margin for the second quarter was 30.8%, slightly lower than the previous year. Operating income improved significantly to $0.1 million, compared to an operating loss of $0.7 million in the prior year. EBITDA improved to $0.7 million from breakeven in the second quarter of fiscal 2025.

For the first six months of fiscal 2026, net sales were $106.9 million, a 3.6% increase from the previous year. Gross profit increased to $33.0 million, with a gross margin of 30.9%. Operating income was $1.1 million, compared to an operating loss of $0.4 million in the first six months of fiscal 2025.

The Board of Directors declared a $0.06 quarterly cash dividend per share to common stockholders and a $0.054 cash dividend per share to Class B common stockholders. The dividend will be payable on February 25, 2026.

Richardson Electronics will host a conference call on January 8, 2026, to discuss its second quarter fiscal 2026 results. Participants can register for the call online. The company’s common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.

Read more at GlobeNewswire: Richardson Electronics Reports Second Quarter Results;