Richardson Electronics Reports 7th Consecutive Quarter of Sales Growth and Declares Dividend

Richardson Electronics reported its third-quarter fiscal 2026 results, posting net income of $0.9 million and achieving its seventh consecutive quarter of sales growth. This performance is increasingly driven by secular AI datacenter demand and high-margin wafer fab equipment business. Management anticipates that the current upcycle will be more durable than typical 6–12 month CapEx cycles, signaling long-term growth potential. Furthermore, the Green Energy Solutions (GES) segment is expanding internationally, with growing backlogs in Pitch Energy Modules and Battery Energy Storage Systems (BESS). Alongside an 11.4% increase in total backlog, the company declared a quarterly cash dividend, underscoring its robust financial position and strategic expansion into high-growth technology sectors.