{"id":983861,"date":"2026-07-22T21:55:54","date_gmt":"2026-07-23T01:55:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/richardson-electronics-reports-strong-fourth-quarter-and-fiscal-2026-results-declares-quarterly-cash-dividend\/"},"modified":"2026-07-22T21:55:54","modified_gmt":"2026-07-23T01:55:54","slug":"richardson-electronics-reports-strong-fourth-quarter-and-fiscal-2026-results-declares-quarterly-cash-dividend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/richardson-electronics-reports-strong-fourth-quarter-and-fiscal-2026-results-declares-quarterly-cash-dividend\/","title":{"rendered":"Richardson Electronics Reports Strong Fourth Quarter and Fiscal 2026 Results; Declares Quarterly Cash Dividend"},"content":{"rendered":"
\n

\n Fourth quarter net sales increased 27.6% year over year, with growth across all three business units<\/em>\n <\/p>\n

\n Fourth quarter GAAP net income increased 244.4% to $3.7 million, or $0.25 per common share (diluted)<\/em>\n <\/p>\n

\n Fiscal 2026 net sales increased 9.4%, marking the Company\u2019s second consecutive year of annual sales growth <\/em>\n <\/p>\n

\n Backlog reached $164.4 million, its highest level in three years and an increase of 8.7% from the third quarter<\/em>\n <\/p>\n

LAFOX, Ill., July 22, 2026 (GLOBE NEWSWIRE) — Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its fourth quarter and fiscal year ended May 30, 2026. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend.<\/p>\n

\u201cI am pleased to report that Richardson Electronics delivered its eighth consecutive quarter of year-over-year sales growth, and the highest quarterly net sales since the third quarter of fiscal 2023. Fourth-quarter performance reflected strong demand in Power and Microwave Technologies, particularly for engineered solutions serving the semiconductor wafer fabrication equipment market, as well as distributed RF and microwave products. We also continued to see growth in Green Energy Solutions and Canvys had a record quarter. For the full fiscal year, our team executed well, delivering sales growth, improved gross margin, and stronger operating performance,\u201d said Edward J. Richardson, Chairman, Chief Executive Officer, and President.<\/p>\n

\u201cOur backlog ended the year at its highest level in three years, reflecting continued customer activity across several of our key markets. We are encouraged by the opportunities we see in power management, semiconductor manufacturing, defense, energy storage, and customized display solutions. While the broader economic environment remains fluid, our strong balance sheet, technical capabilities, and focus on higher-value engineered solutions position us well to build on the progress achieved in fiscal 2026 and create sustainable long-term value for our shareholders,\u201d Mr. Richardson concluded.\u00a0<\/p>\n

\n
\n Fourth Quarter Results<\/u>
\n <\/strong>\n <\/p>\n

Net sales for the fourth quarter of fiscal 2026 were $66.2 million, a 27.6% increase from $51.9 million in the prior year\u2019s fourth quarter. All business units experienced strong year-over-year sales growth.<\/p>\n

\u00a0PMT sales increased $10.4 million, or 28.1% due to strong growth in semiconductor wafer fab and RF and Microwave products. GES sales increased by $1.1 million, or 20.4% as a result of higher sales of Wind products. Canvys\u2019 sales increased $2.8 million, or 29.5%, reflecting higher sales in North America.<\/p>\n

\u00a0Backlog grew 8.7% to $164.4 million at the end of the fourth quarter of fiscal 2026, versus $151.2 million at the end of the third quarter of fiscal 2026, primarily driven by an increase in PMT. Total GES backlog improved by nearly 5%.<\/p>\n

\u00a0Gross margin for the fourth quarter was 31.2% of net sales, compared to 31.6% during the fourth quarter of fiscal 2025. PMT gross margin decreased to 31.1%, compared to 31.4%, as a result of product mix. GES gross margin decreased to 30.2%, from 31.6% also due to product mix.\u00a0Canvys gross margin increased to 32.3%, from 32.1% primarily due to improved freight costs as a percentage of net sales.<\/p>\n

Operating expenses were $17.6 million, compared to $15.6 million in the fourth quarter of fiscal 2025. The increase in operating expenses resulted from higher salaries and incentives driven by the significant sales growth in both the fourth quarter and fiscal year 2026. Also, included in operating expenses for the fourth quarter of fiscal 2026 was a $0.4 million unclaimed property state audit settlement. As a percentage of net sales, operating expenses improved to 26.6% in the fourth quarter of fiscal 2026 versus 30.0% in the prior year\u2019s fourth quarter.<\/p>\n

Gain on disposal of assets of $0.8 million resulted from the sale of healthcare equipment and inventory related to ALTA products, which are no longer being manufactured and sold.<\/p>\n

Operating income was $3.9 million and non-GAAP operating income* was $3.5 million for the fourth quarter of fiscal 2026, compared to an operating income of $0.6 million and non-GAAP operating income* of $0.8 million in the prior year\u2019s fourth quarter. Other income for the fourth quarter of fiscal 2026, including interest income and foreign exchange was $0.3 million, compared to other income of $1.3 million in the fourth quarter of fiscal 2025.<\/p>\n

Income tax provision was $0.4 million and non-GAAP income tax provision* was $0.7 million for the fourth quarter of fiscal 2026, versus an income tax provision of $0.9 million and non-GAAP income tax provision* of $0.3 million in the prior year\u2019s fourth quarter. The effective tax rate for the fourth quarter of fiscal 2026 was 10.8%.<\/p>\n

Net income was $3.7 million and non-GAAP net income* was $3.0 million for the fourth quarter of fiscal 2026, compared to net income of $1.1 million and non-GAAP net income* of $1.8 million for the fourth quarter of fiscal 2025. Earnings per common share (diluted) were $0.25 and non-GAAP earnings per common share (diluted)* were $0.21 in the fourth quarter of fiscal 2026, compared to earnings per common share (diluted) of\u00a0$0.08 and non-GAAP earnings per common share (diluted)* of $0.12 in the fourth quarter of fiscal 2025.<\/p>\n

EBITDA* was $5.0 million in the fourth quarter of fiscal 2026. EBITDA* after adjusting to exclude the gain on the sale of Healthcare assets and the unclaimed property state audit settlement (Adjusted EBITDA*) was $4.2 million in the fourth quarter of fiscal 2026.<\/p>\n

EBITDA* for the fourth quarter of fiscal 2025 was $2.9 million.\u00a0EBITDA* after adjusting to exclude the loss on the sale of the majority of its Healthcare assets (Adjusted EBITDA*) was $3.1 million in the fourth quarter of fiscal 2025.<\/p>\n

The Company maintained its solid financial position with cash and cash equivalents of $31.8 million as of May 30, 2026, versus $29.5 million as of February 28, 2026. Cash generated during the fourth quarter of fiscal 2026 primarily related to net income adjusted for depreciation and amortization and lower inventory, partially offset by higher accounts receivable. The Company also invested $1.0 million during the quarter in capital expenditures, primarily related to its manufacturing business, facilities improvements, and IT systems, versus $0.8 million during last year\u2019s fourth quarter.<\/p>\n

As of the end of the fourth quarter of fiscal 2026, the Company had no outstanding debt on its revolving line of credit with PNC Bank.<\/p>\n

\n
\n Fiscal Year Ended May 30, 2026<\/u>
\n <\/strong>\n <\/p>\n

Net sales for fiscal 2026 were $228.6 million, an increase of 9.4%, compared to net sales of $208.9 million during fiscal 2025. Sales increased by $13.5 million, or 9.1% for PMT, $2.1 million, or 7.3% for GES, and $4.1 million, or 12.4% for Canvys.<\/p>\n

Gross profit increased to $71.3 million during fiscal 2026, compared to $64.8 million during fiscal 2025. As a percentage of net sales, gross margin was 31.2% of net sales during fiscal 2026, compared to 31.0% during fiscal 2025 primarily due to product mix.<\/p>\n

Operating expenses increased to $65.7 million for fiscal 2026, compared to $62.2 million for fiscal 2025. The increase in operating expenses resulted from higher salaries and incentive compensation as a result of the significant sales growth in fiscal 2026 as well as the unclaimed property state audit settlement expense. As a percentage of net sales, operating expenses were 28.8% during fiscal 2026 versus 29.8% during fiscal 2025.<\/p>\n

Operating income was $6.5 million and non-GAAP operating income* was $6.1 million during fiscal 2026, compared to an operating loss of $2.5 million and non-GAAP operating income* of $2.6 million during fiscal 2025. Other income for fiscal 2026, including interest income, foreign exchange and other, was $1.0 million, compared to other income of $0.9 million in fiscal 2025.<\/p>\n

The income tax provision was $1.1 million and the non-GAAP income tax provision* was $1.4 million for fiscal 2026 compared to an income tax benefit of $0.4 million and a non-GAAP income tax provision* of $0.3 million during fiscal 2025. The effective tax rate for fiscal 2026 was 14.6%.<\/p>\n

Net income was $6.4 million and non-GAAP net income* was $5.7 million for fiscal 2026, versus a net loss of $1.1 million and a non-GAAP net income* of $3.2 million during fiscal 2025. Earnings per common share (diluted) was $0.44 and non-GAAP earnings per common share (diluted)* was $0.40 for fiscal 2026 compared to $0.08 net loss per common share (diluted) and non-GAAP earnings per common share (diluted)* of $0.22 for fiscal 2025.<\/p>\n

EBITDA* for fiscal 2026 was $11.3 million. EBITDA* after adjusting to exclude the gain on sale of Healthcare assets and the unclaimed property state audit settlement expense (Adjusted EBITDA*) was $10.4 million. EBITDA* for fiscal 2025 was $2.5 million. EBITDA* after adjusting to exclude the loss on the sale of Healthcare assets (Adjusted EBITDA*) was $7.5 million.<\/p>\n

* Please refer to Unaudited Reconciliation between GAAP and non-GAAP Financial Measures below for a reconciliation of non-GAAP items to the comparable GAAP measures.<\/p>\n

\n
\n CASH DIVIDEND DECLARED<\/u>
\n <\/strong>\n <\/p>\n

The Board of Directors of Richardson Electronics declared a $0.06 quarterly cash dividend per share to holders of common stock and a $0.054 cash dividend per share to holders of Class B common stock. The dividend will be payable on August 26, 2026, to common stockholders of record as of August 7, 2026.<\/p>\n

\n
\n NON-GAAP FINANCIAL MEASURES<\/u>
\n <\/strong>\n <\/p>\n

In addition to financial measures (\u201cGAAP financial measures\u201d) prepared in accordance with generally accepted accounting principles in the United States (\u201cGAAP\u201d), we have included financial measures in this press release that are not defined by or calculated in accordance with GAAP (collectively, \u201cnon-GAAP financial measures\u201d). For each of the non-GAAP financial measures referenced in this release, we are providing below a reconciliation of differences between the non-GAAP financial measure and the most directly comparable GAAP financial measure. We also provide an explanation of why the Company believes these non-GAAP financial measures provide useful information to investors, and any additional material purposes for which our management or Board of Directors use these non-GAAP financial measures.<\/p>\n

\n Non-GAAP Operating Income (Loss): <\/em>Non-GAAP operating income (loss) is GAAP operating income (loss), adjusted to exclude the gain\/loss on the sale of assets of the Company\u2019s Healthcare business recorded in fiscal 2025 and fiscal 2026 and the settlement of an unclaimed state property audit in fiscal 2026. The following table represents the Company\u2019s calculation of non-GAAP operating income (loss) for the periods presented and a reconciliation to the most directly comparable GAAP financial measure:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Unaudited<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n ($ in thousands)<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating income (loss) reconciliation<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income (loss) from operations<\/td>\n$<\/td>\n3,867<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6,464<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(2,463<\/td>\n)<\/td>\n<\/tr>\n
(Gain) loss on disposal of healthcare assets and related charges<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n158<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,074<\/td>\n\u00a0<\/td>\n<\/tr>\n
Settlement of an unclaimed state property audit<\/td>\n\u00a0<\/td>\n436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP operating income<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 3,456<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 789<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 6,053<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 2,611<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Non-GAAP Income (Loss) Before Taxes<\/em>: Non-GAAP Income (Loss) Before Taxes is income (loss) before taxes, adjusted to exclude the gain\/loss on the sale of assets of the Company\u2019s Healthcare business recorded in fiscal 2025 and fiscal 2026 and the settlement of an unclaimed state property audit in fiscal 2026.The following table represents the Company\u2019s calculation of non-GAAP Income (Loss) Before Taxes for the periods presented and a reconciliation to the most directly comparable GAAP financial measure:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Unaudited<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n ($ in thousands)<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income (loss) before income taxes reconciliation<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income (loss) before income tax<\/td>\n$<\/td>\n4,149<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,964<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7,478<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,531<\/td>\n)<\/td>\n<\/tr>\n
(Gain) loss on disposal of healthcare assets and related charges<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n158<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,074<\/td>\n\u00a0<\/td>\n<\/tr>\n
Settlement of an unclaimed state property audit<\/td>\n\u00a0<\/td>\n436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP income before tax<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 3,738<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 2,122<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 7,067<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 3,543<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
\n
\n <\/u>
\n <\/strong>\n <\/p>\n

\n
\n NON-GAAP FINANCIAL MEASURES (continued)<\/u>
\n <\/strong>\n <\/p>\n

\n Non-GAAP Income Tax Expense or Benefit<\/em>: Non-GAAP Income Tax Expense or Benefit is income tax provision (benefit), adjusted to exclude the gain\/loss on the sale of assets of the Company\u2019s Healthcare business recorded in fiscal 2025 and fiscal 2026, the settlement of an unclaimed state property audit in fiscal 2026 and valuation allowance adjustments in fiscal 2025 and fiscal 2026. The following table represents the Company\u2019s calculation of non-GAAP Income Tax Expense (Benefit) for the periods presented and a reconciliation to the most directly comparable GAAP financial measure:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Unaudited<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n ($ in thousands)<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income tax provision (benefit) reconciliation<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax provision (benefit)<\/td>\n$<\/td>\n447<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n889<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,095<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(388<\/td>\n)<\/td>\n<\/tr>\n
(Gain) loss on disposal of healthcare assets and related charges<\/td>\n\u00a0<\/td>\n(225<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(225<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,319<\/td>\n\u00a0<\/td>\n<\/tr>\n
Settlement of an unclaimed state property audit<\/td>\n\u00a0<\/td>\n78<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Valuation allowance adjustment<\/td>\n\u00a0<\/td>\n426<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(617<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n426<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(617<\/td>\n)<\/td>\n<\/tr>\n
\n Non-GAAP income tax provision<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 726<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 313<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1,374<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 314<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Non-GAAP Net Income (Loss)<\/em>: Non-GAAP Net Income (Loss) is net income (loss), adjusted to exclude the gain\/loss on the sale of assets of the Company\u2019s Healthcare business recorded in fiscal 2025 and fiscal 2026, the settlement of an unclaimed state property audit in fiscal 2026, and valuation allowance adjustments in fiscal 2025 and fiscal 2026. The following table represents the Company\u2019s calculation of non-GAAP Net Income (Loss) for the periods presented and a reconciliation to the most directly comparable GAAP financial measure:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Unaudited<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n ($ in thousands)<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income (loss) reconciliation<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n$<\/td>\n3,702<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,075<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6,383<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,143<\/td>\n)<\/td>\n<\/tr>\n
(Gain) loss on disposal of healthcare assets and related charges<\/td>\n\u00a0<\/td>\n(622<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n117<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(622<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,755<\/td>\n\u00a0<\/td>\n<\/tr>\n
Settlement of an unclaimed state property audit<\/td>\n\u00a0<\/td>\n358<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n358<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Valuation allowance adjustment<\/td>\n\u00a0<\/td>\n(426<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n617<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(426<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n617<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP net income<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 3,012<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1,809<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 5,693<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 3,229<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n NON-GAAP FINANCIAL MEASURES (continued)<\/u>
\n <\/strong>\n <\/p>\n

\n Non-GAAP Earnings (Loss) Per Common Share (Diluted): <\/em>Non-GAAP Earnings (Loss) Per Common Share (Diluted) is net income (loss) per share (diluted), adjusted to exclude the gain\/loss on the sale of assets of the Company\u2019s Healthcare business recorded in fiscal 2025 and fiscal 2026, the settlement of an unclaimed state property audit in fiscal 2026, and valuation allowance adjustments in fiscal 2025 and fiscal 2026. The following table represents the Company\u2019s calculation of non-GAAP Earnings (Loss) Per Common Share (diluted) for the periods presented and a reconciliation to the most directly comparable GAAP financial measure:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Unaudited<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income (loss) per diluted share reconciliation<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss) per diluted share<\/td>\n$<\/td>\n0.25<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.08<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.44<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.08<\/td>\n)<\/td>\n<\/tr>\n
(Gain) loss on disposal of healthcare assets and related charges<\/td>\n\u00a0<\/td>\n(0.04<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.04<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.26<\/td>\n\u00a0<\/td>\n<\/tr>\n
Settlement of an unclaimed state property audit<\/td>\n\u00a0<\/td>\n0.03<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.03<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Valuation allowance reversal<\/td>\n\u00a0<\/td>\n(0.03<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.03<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.04<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP income per diluted share<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 0.21<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 0.12<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 0.40<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 0.22<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n EBITDA:<\/em> EBITDA is net income (loss), plus income tax expense (benefit) and depreciation and amortization expense. The following table represents the Company\u2019s calculation of EBITDA for the periods presented and a reconciliation to the most directly comparable GAAP financial measure:<\/p>\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Unaudited<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n ($ in thousands)<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income (loss)<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 3,702<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1,075<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 6,383<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n (1,143<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
Income tax provision (benefit)<\/td>\n\u00a0<\/td>\n447<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n889<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,095<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(388<\/td>\n)<\/td>\n<\/tr>\n
Depreciation & amortization<\/td>\n\u00a0<\/td>\n892<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n965<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,789<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,002<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n EBITDA<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 5,041<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 2,929<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 11,267<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 2,471<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Adjusted\u00a0EBITDA: <\/em>Adjusted EBITDA is EBITDA (a non-GAAP financial measure defined and calculated in accordance with the above), adjusted to exclude the gain\/loss on the sale of assets of the Company\u2019s Healthcare business recorded in fiscal 2025 and fiscal 2026 and the settlement of an unclaimed state property audit in fiscal 2026.\u00a0The following table represents the Company\u2019s calculation of Adjusted EBITDA for the periods presented and a reconciliation to the most directly comparable GAAP financial measure:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Unaudited<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n ($ in thousands)<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income (loss)<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 3,702<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1,075<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 6,383<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n (1,143<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
Income tax provision (benefit)<\/td>\n\u00a0<\/td>\n447<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n889<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,095<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(388<\/td>\n)<\/td>\n<\/tr>\n
Depreciation & amortization<\/td>\n\u00a0<\/td>\n892<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n965<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,789<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,002<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n EBITDA<\/strong>\n <\/td>\n\u00a0<\/td>\n5,041<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,929<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,267<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,471<\/td>\n\u00a0<\/td>\n<\/tr>\n
Disposal of healthcare assets<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n158<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,074<\/td>\n\u00a0<\/td>\n<\/tr>\n
Settlement of an unclaimed state property audit<\/td>\n\u00a0<\/td>\n436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Adjusted EBITDA<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 4,194<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 3,087<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 10,420<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 7,545<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

Management believes the non-GAAP financial measures referenced herein provide useful information to investors in assessing the Company\u2019s financial performance because items that are not considered by the Company to be indicative of the Company\u2019s ongoing results, such as the one-time gain\/loss on the sale of assets of the Company\u2019s Healthcare business, are excluded.<\/p>\n

Our management uses these non-GAAP financial measures along with the most directly comparable GAAP financial measures in evaluating our financial performance and when planning, forecasting and analyzing future periods.\u00a0<\/p>\n

The non-GAAP financial measures presented herein, as determined and presented by the Company, may not be comparable to related or similarly titled measures reported by other companies. These non-GAAP financial measures are not intended to be used as a substitute for the related GAAP financial measures. The non-GAAP financial measures should be viewed in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP.<\/p>\n

\n
\n CONFERENCE CALL INFORMATION<\/u>
\n <\/strong>\n <\/p>\n

The Company will host a conference call and question-and-answer session on Thursday, July 23, 2026, at 9:00 a.m. Central Time, to discuss its fourth quarter and fiscal 2026 results.\u00a0<\/p>\n

Participants may register for the call here<\/a>. While not required, it is recommended you join 10 minutes prior to the event start. A replay of the call will be available beginning at 1:00 p.m. Central Time on July 23, 2026, for seven days.\u00a0 Registration instructions are also on our website at www.rell.com<\/a>.<\/p>\n

In addition, the webcast link is available here<\/a>.<\/p>\n

\n
\n FORWARD-LOOKING STATEMENTS <\/u>
\n <\/strong>\n <\/p>\n

This release includes certain \u201cforward-looking\u201d statements as defined by the Securities and Exchange Commission.\u00a0Statements in this press release regarding the Company\u2019s business that are not historical facts represent \u201cforward-looking\u201d statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Item 1A, \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K filed on August 4, 2025, and other reports we file with the Securities and Exchange Commission. The Company assumes no responsibility to update the \u201cforward-looking\u201d statements in this release as a result of new information, future events or otherwise.<\/p>\n

\n
\n ABOUT RICHARDSON ELECTRONICS, LTD. <\/u>
\n <\/strong>\n <\/p>\n

Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, green energy products, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components including green energy solutions; tubes for diagnostic imaging equipment; and customized display solutions.<\/p>\n

More than 55% of our products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of our manufacturing partners throughout the world. All our partners manufacture to our strict specifications and per our Supplier Code of Conduct.\u00a0We serve customers in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company\u2019s strategy is to provide specialized technical expertise and \u201cengineered solutions\u201d based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com<\/a>.<\/p>\n

Richardson Electronics\u2019 common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL<\/p>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Richardson Electronics, Ltd. <\/strong>
\n
\n Unaudited Consolidated Balance Sheets<\/strong>
\n
\n (in thousands, except per share amounts)<\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Current assets:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n$<\/td>\n31,779<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n35,901<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts receivable, less allowance for credit losses of $350 and $250, respectively<\/td>\n\u00a0<\/td>\n33,162<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,117<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories, net<\/td>\n\u00a0<\/td>\n103,020<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n102,799<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other assets<\/td>\n\u00a0<\/td>\n4,770<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,070<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total current assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 172,731<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 165,887<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-current assets:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Property, plant and equipment, net<\/td>\n\u00a0<\/td>\n19,003<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,355<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangible assets, net<\/td>\n\u00a0<\/td>\n285<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n345<\/td>\n\u00a0<\/td>\n<\/tr>\n
Right of use lease assets, net<\/td>\n\u00a0<\/td>\n1,389<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,276<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred income tax assets<\/td>\n\u00a0<\/td>\n8,346<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,744<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-current assets<\/td>\n\u00a0<\/td>\n263<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n228<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total non-current assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 29,286<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 29,948<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total assets<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 202,017<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 195,835<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities and Stockholders\u2019 Equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Current liabilities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts payable<\/td>\n$<\/td>\n19,593<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21,339<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued liabilities<\/td>\n\u00a0<\/td>\n15,989<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,276<\/td>\n\u00a0<\/td>\n<\/tr>\n
Lease liabilities current<\/td>\n\u00a0<\/td>\n787<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,171<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total current liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 36,369<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 36,786<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-current liabilities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred income tax liabilities<\/td>\n\u00a0<\/td>\n177<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n81<\/td>\n\u00a0<\/td>\n<\/tr>\n
Lease liabilities non-current<\/td>\n\u00a0<\/td>\n602<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,105<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-current liabilities<\/td>\n\u00a0<\/td>\n1,168<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,204<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total non-current liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,947<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,390<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 38,316<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 39,176<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Commitments and contingencies<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Stockholders\u2019 Equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock, $0.05 par value; 12,588 and 12,362 shares issued and outstanding on May 30, 2026 and May 31, 2025, respectively<\/td>\n\u00a0<\/td>\n629<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n618<\/td>\n\u00a0<\/td>\n<\/tr>\n
Class B common stock, convertible, $0.05 par value; 2,036 and 2,049 shares issued and outstanding on May 30, 2026 and May 31, 2025, respectively<\/td>\n\u00a0<\/td>\n102<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n102<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additional paid-in-capital<\/td>\n\u00a0<\/td>\n76,950<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74,445<\/td>\n\u00a0<\/td>\n<\/tr>\n
Retained earnings<\/td>\n\u00a0<\/td>\n82,284<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79,340<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated other comprehensive income<\/td>\n\u00a0<\/td>\n3,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,154<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total stockholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 163,701<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 156,659<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities and stockholders\u2019 equity<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 202,017<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 195,835<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Richardson Electronics, Ltd.
Unaudited Consolidated Statements of Comprehensive Income (Loss)
(in thousands, except per share amounts)<\/em>
<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Net sales<\/td>\n$<\/td>\n66,197<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n51,889<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n228,564<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n208,909<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of sales<\/td>\n\u00a0<\/td>\n45,536<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35,514<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n157,217<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n144,109<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Gross profit<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 20,661<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 16,375<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 71,347<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 64,800<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative expenses<\/td>\n\u00a0<\/td>\n17,638<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,566<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n65,717<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62,173<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss on disposal of property, plant and equipment<\/td>\n\u00a0<\/td>\n3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16<\/td>\n\u00a0<\/td>\n<\/tr>\n
(Gain) loss on disposal of healthcare assets and related charges<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n158<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,074<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating income (loss)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3,867<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 631<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 6,464<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (2,463<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
Other (income) expense:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest income<\/td>\n\u00a0<\/td>\n(108<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(205<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(544<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(392<\/td>\n)<\/td>\n<\/tr>\n
Foreign exchange<\/td>\n\u00a0<\/td>\n(175<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,112<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n452<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(496<\/td>\n)<\/td>\n<\/tr>\n
Other, net<\/td>\n\u00a0<\/td>\n1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(16<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(922<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(44<\/td>\n)<\/td>\n<\/tr>\n
\n Total other (income) expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (282<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (1,333<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (1,014<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (932<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
Income (loss) before income taxes<\/td>\n\u00a0<\/td>\n4,149<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,964<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,478<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,531<\/td>\n)<\/td>\n<\/tr>\n
Income tax provision (benefit)<\/td>\n\u00a0<\/td>\n447<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n889<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,095<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(388<\/td>\n)<\/td>\n<\/tr>\n
\n Net income (loss)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3,702<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,075<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 6,383<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (1,143<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
Foreign currency translation gain, net of tax<\/td>\n\u00a0<\/td>\n(153<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,204<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,582<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,390<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Comprehensive income<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 3,549<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 4,279<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 7,965<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 247<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income (loss) per share:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock – Basic<\/td>\n$<\/td>\n0.26<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.08<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.45<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.08<\/td>\n)<\/td>\n<\/tr>\n
Class B common stock – Basic<\/td>\n\u00a0<\/td>\n0.23<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.07<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.40<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.07<\/td>\n)<\/td>\n<\/tr>\n
Common stock – Diluted<\/td>\n\u00a0<\/td>\n0.25<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.08<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.44<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.08<\/td>\n)<\/td>\n<\/tr>\n
Class B common stock – Diluted<\/td>\n\u00a0<\/td>\n0.23<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.07<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.40<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.07<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Weighted average number of shares:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock – Basic<\/td>\n\u00a0<\/td>\n12,535<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,341<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,492<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,298<\/td>\n\u00a0<\/td>\n<\/tr>\n
Class B common stock – Basic<\/td>\n\u00a0<\/td>\n2,037<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,049<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,042<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,049<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock – Diluted<\/td>\n\u00a0<\/td>\n12,787<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,515<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,690<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,298<\/td>\n\u00a0<\/td>\n<\/tr>\n
Class B common stock – Diluted<\/td>\n\u00a0<\/td>\n2,037<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,049<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,042<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,049<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Richardson Electronics, Ltd.<\/strong>
\n
\n Unaudited Consolidated Statements of Cash Flows<\/strong>
\n
\n (in thousands)<\/em>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Fiscal Year Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating activities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n$<\/td>\n6,383<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,143<\/td>\n)<\/td>\n<\/tr>\n
Adjustments to reconcile net income to cash provided by operating activities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Unrealized foreign currency gain<\/td>\n\u00a0<\/td>\n(24<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,002<\/td>\n)<\/td>\n<\/tr>\n
Depreciation and amortization<\/td>\n\u00a0<\/td>\n3,789<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,002<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventory provisions<\/td>\n\u00a0<\/td>\n499<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n550<\/td>\n\u00a0<\/td>\n<\/tr>\n
Share-based compensation expense<\/td>\n\u00a0<\/td>\n1,621<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,545<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss on disposal of property, plant and equipment<\/td>\n\u00a0<\/td>\n10<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred income taxes<\/td>\n\u00a0<\/td>\n1,060<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,257<\/td>\n)<\/td>\n<\/tr>\n
(Gain) loss on disposal of healthcare assets and related charges<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,074<\/td>\n\u00a0<\/td>\n<\/tr>\n
Change in assets and liabilities:<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts receivable<\/td>\n\u00a0<\/td>\n(8,909<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n130<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories<\/td>\n\u00a0<\/td>\n742<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n206<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other assets<\/td>\n\u00a0<\/td>\n(2,265<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(180<\/td>\n)<\/td>\n<\/tr>\n
Accounts payable<\/td>\n\u00a0<\/td>\n(1,870<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,525<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued liabilities<\/td>\n\u00a0<\/td>\n1,127<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,240<\/td>\n)<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n(554<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n326<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net cash provided by operating activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 762<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 10,552<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Investing activities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Capital expenditures<\/td>\n\u00a0<\/td>\n(4,383<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,811<\/td>\n)<\/td>\n<\/tr>\n
Proceeds from the sale of property, plant and equipment<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from disposal of healthcare assets<\/td>\n\u00a0<\/td>\n1,300<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,827<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net cash (used in) provided by investing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (3,083<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 4,023<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Financing activities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from issuance of common stock<\/td>\n\u00a0<\/td>\n993<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n320<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash dividends paid on common and Class B common stock<\/td>\n\u00a0<\/td>\n(3,439<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,407<\/td>\n)<\/td>\n<\/tr>\n
Proceeds from revolving credit facility<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
Repayment of revolving credit facility<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,000<\/td>\n)<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n(98<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(159<\/td>\n)<\/td>\n<\/tr>\n
\n Net cash used in financing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (2,544<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (3,246<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
Effect of exchange rate changes on cash and cash equivalents<\/td>\n\u00a0<\/td>\n743<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n309<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Decrease) increase in cash and cash equivalents<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (4,122<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 11,638<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents at beginning of period<\/td>\n\u00a0<\/td>\n35,901<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,263<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash and cash equivalents at end of period<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 31,779<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 35,901<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Richardson Electronics, Ltd.
Unaudited Net Sales and Gross Profit
For the Fourth Quarter and Fiscal 2026 and 2025
<\/strong>
\n ($ in thousands)<\/em>
\n
\n
\n <\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n By Strategic Business Unit:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n Net Sales<\/u>
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n FY26 vs. FY25<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n % Change<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
PMT<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n47,487<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n37,068<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28.1<\/td>\n%<\/td>\n<\/tr>\n
GES<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,455<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,360<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.4<\/td>\n%<\/td>\n<\/tr>\n
Canvys<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,255<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,461<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29.5<\/td>\n%<\/td>\n<\/tr>\n
Total<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n66,197<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n51,889<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27.6<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n FY26 vs. FY25<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n % Change<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
PMT<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n160,490<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n147,045<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.1<\/td>\n%<\/td>\n<\/tr>\n
GES<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,814<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,719<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.3<\/td>\n%<\/td>\n<\/tr>\n
Canvys<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,260<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,145<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.4<\/td>\n%<\/td>\n<\/tr>\n
Total<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n228,564<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n208,909<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.4<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n Gross Profit<\/u>
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %\u00a0of\u00a0Net\u00a0Sales<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n % of Net Sales<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
PMT<\/td>\n$<\/td>\n14,756<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31.1<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n11,641<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31.4<\/td>\n%<\/td>\n<\/tr>\n
GES<\/td>\n\u00a0<\/td>\n1,952<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,693<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31.6<\/td>\n%<\/td>\n<\/tr>\n
Canvys<\/td>\n\u00a0<\/td>\n3,953<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,041<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.1<\/td>\n%<\/td>\n<\/tr>\n
Total<\/td>\n$<\/td>\n20,661<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31.2<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n16,375<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31.6<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %\u00a0of\u00a0Net\u00a0Sales<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %\u00a0of\u00a0Net\u00a0Sales<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
PMT<\/td>\n$<\/td>\n50,092<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31.2<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n44,881<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30.5<\/td>\n%<\/td>\n<\/tr>\n
GES<\/td>\n\u00a0<\/td>\n9,327<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,030<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31.4<\/td>\n%<\/td>\n<\/tr>\n
Canvys<\/td>\n\u00a0<\/td>\n11,928<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,889<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.9<\/td>\n%<\/td>\n<\/tr>\n
Total<\/td>\n$<\/td>\n71,347<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31.2<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n64,800<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31.0<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Richardson Electronics, Ltd.
Unaudited Reconciliation Between GAAP and Non-GAAP Financial Measures
For the Fourth Quarter and Fiscal 2026 and 2025
<\/strong>
\n ($ in thousands except per share amounts)<\/em>
\n
\n
\n <\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n NON-GAAP INCOME (LOSS)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating income (loss) reconciliation<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income (loss) from operations<\/td>\n$<\/td>\n3,867<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6,464<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(2,463<\/td>\n)<\/td>\n<\/tr>\n
(Gain) loss on disposal of healthcare assets and related charges<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n158<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,074<\/td>\n\u00a0<\/td>\n<\/tr>\n
Settlement of an unclaimed state property audit<\/td>\n\u00a0<\/td>\n436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP operating income<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 3,456<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 789<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 6,053<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 2,611<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income (loss) before income taxes reconciliation<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income (loss) before income tax<\/td>\n$<\/td>\n4,149<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,964<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7,478<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,531<\/td>\n)<\/td>\n<\/tr>\n
(Gain) loss on disposal of healthcare assets and related charges<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n158<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,074<\/td>\n\u00a0<\/td>\n<\/tr>\n
Settlement of an unclaimed state property audit<\/td>\n\u00a0<\/td>\n436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP income before tax<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 3,738<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 2,122<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 7,067<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 3,543<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income tax provision (benefit) reconciliation<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax provision (benefit)<\/td>\n$<\/td>\n447<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n889<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,095<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(388<\/td>\n)<\/td>\n<\/tr>\n
(Gain) loss on disposal of healthcare assets and related charges<\/td>\n\u00a0<\/td>\n(225<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(225<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,319<\/td>\n\u00a0<\/td>\n<\/tr>\n
Settlement of an unclaimed state property audit<\/td>\n\u00a0<\/td>\n78<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Valuation allowance adjustment<\/td>\n\u00a0<\/td>\n426<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(617<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n426<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(617<\/td>\n)<\/td>\n<\/tr>\n
\n Non-GAAP income tax provision<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 726<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 313<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1,374<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 314<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income (loss) reconciliation<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n$<\/td>\n3,702<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,075<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6,383<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,143<\/td>\n)<\/td>\n<\/tr>\n
(Gain) loss on disposal of healthcare assets and related charges<\/td>\n\u00a0<\/td>\n(622<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n117<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(622<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,755<\/td>\n\u00a0<\/td>\n<\/tr>\n
Settlement of an unclaimed state property audit<\/td>\n\u00a0<\/td>\n358<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n358<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Valuation allowance adjustment<\/td>\n\u00a0<\/td>\n(426<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n617<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(426<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n617<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP net income<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 3,012<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1,809<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 5,693<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 3,229<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income (loss) per diluted share reconciliation<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss) per diluted share<\/td>\n$<\/td>\n0.25<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.08<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.44<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.08<\/td>\n)<\/td>\n<\/tr>\n
(Gain) loss on disposal of healthcare assets and related charges<\/td>\n\u00a0<\/td>\n(0.04<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.04<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.26<\/td>\n\u00a0<\/td>\n<\/tr>\n
Settlement of an unclaimed state property audit<\/td>\n\u00a0<\/td>\n0.03<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.03<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Valuation allowance reversal<\/td>\n\u00a0<\/td>\n(0.03<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.03<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.04<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP income per diluted share<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 0.21<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 0.12<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 0.40<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 0.22<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Richardson Electronics, Ltd.<\/strong>
\n
\n Unaudited Reconciliation Between GAAP and Non-GAAP Financial Measures<\/strong>
\n
\n For the Fourth Quarter and Fiscal 2026 and 2025<\/strong>
\n
\n ($ in thousands except per share amounts)<\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n EBITDA
<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income (loss)<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 3,702<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1,075<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 6,383<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n (1,143<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
Income tax provision (benefit)<\/td>\n\u00a0<\/td>\n447<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n889<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,095<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(388<\/td>\n)<\/td>\n<\/tr>\n
Depreciation & amortization<\/td>\n\u00a0<\/td>\n892<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n965<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,789<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,002<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n EBITDA<\/strong>\n <\/td>\n\u00a0<\/td>\n5,041<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,929<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,267<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,471<\/td>\n\u00a0<\/td>\n<\/tr>\n
Disposal of healthcare assets<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n158<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(847<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,074<\/td>\n\u00a0<\/td>\n<\/tr>\n
Settlement of an unclaimed state property audit<\/td>\n\u00a0<\/td>\n436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Adjusted EBITDA<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 4,194<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 3,087<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 10,420<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 7,545<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n
\n For Details Contact:<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n 40W267 Keslinger Road<\/strong>\n <\/td>\n<\/tr>\n
\n Edward J. Richardson<\/strong>\n <\/td>\n\n Robert J. Ben<\/strong>\n <\/td>\n\n PO BOX 393<\/strong>\n <\/td>\n<\/tr>\n
Chairman and CEO<\/td>\nEVP & CFO<\/td>\nLaFox, IL 60147-0393 USA<\/td>\n<\/tr>\n
Phone: (630) 208-2320<\/td>\n(630) 208-2203<\/td>\n(630) 208-2200 | Fax: (630) 208-2550<\/td>\n<\/tr>\n<\/table>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Fourth quarter net sales increased 27.6% year over year, with growth across all three business units Fourth quarter GAAP net income increased 244.4% to $3.7 million, or $0.25 per common share (diluted) Fiscal 2026 net sales increased 9.4%, marking the Company\u2019s second consecutive year of annual sales growth Backlog reached $164.4 million, its highest level in three years and an increase of 8.7% from the third quarter LAFOX, Ill., July 22, 2026 (GLOBE NEWSWIRE) — Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its fourth quarter and fiscal year ended May 30, 2026. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. \u201cI am pleased to report that Richardson Electronics … <\/p>\n

Continue reading “Richardson Electronics Reports Strong Fourth Quarter and Fiscal 2026 Results; Declares Quarterly Cash Dividend”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-983861","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRichardson Electronics Reports Strong Fourth Quarter and Fiscal 2026 Results; Declares Quarterly Cash Dividend - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/richardson-electronics-reports-strong-fourth-quarter-and-fiscal-2026-results-declares-quarterly-cash-dividend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Richardson Electronics Reports Strong Fourth Quarter and Fiscal 2026 Results; Declares Quarterly Cash Dividend - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Fourth quarter net sales increased 27.6% year over year, with growth across all three business units Fourth quarter GAAP net income increased 244.4% to $3.7 million, or $0.25 per common share (diluted) Fiscal 2026 net sales increased 9.4%, marking the Company\u2019s second consecutive year of annual sales growth Backlog reached $164.4 million, its highest level in three years and an increase of 8.7% from the third quarter LAFOX, Ill., July 22, 2026 (GLOBE NEWSWIRE) — Richardson Electronics, Ltd. 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