Richardson Electronics (RELL)
Market Price (5/11/2026): $15.385 | Market Cap: $223.5 MilSector: Consumer Discretionary | Industry: Distributors
Richardson Electronics (RELL)
Market Price (5/11/2026): $15.385Market Cap: $223.5 MilSector: Consumer DiscretionaryIndustry: Distributors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12% Megatrend and thematic driversMegatrends include Renewable Energy Transition, Datacenter Power, and 5G & Advanced Connectivity. Themes include Battery Storage & Grid Modernization, Show more. | Trading close to highsDist 52W High is 0.0% Weak multi-year price returns3Y Excs Rtn is -76% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 65x, P/EPrice/Earnings or Price/(Net Income) is 59x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.2% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.6% Key risksRELL key risks include [1] its reliance on a limited number of vendors for essential products, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Datacenter Power, and 5G & Advanced Connectivity. Themes include Battery Storage & Grid Modernization, Show more. |
| Trading close to highsDist 52W High is 0.0% |
| Weak multi-year price returns3Y Excs Rtn is -76% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 65x, P/EPrice/Earnings or Price/(Net Income) is 59x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.2% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.6% |
| Key risksRELL key risks include [1] its reliance on a limited number of vendors for essential products, Show more. |
Qualitative Assessment
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Richardson Electronics (RELL) stock has gained about 30% since 1/31/2026 because of the following key factors:
1. Richardson Electronics significantly exceeded analyst expectations in its Q3 FY2026 earnings report on April 8, 2026. The company reported earnings per share (EPS) of $0.07, surpassing the consensus estimate of $0.05 by $0.02. Additionally, revenue reached $55.47 million, beating estimates of $54.1875 million. This positive earnings surprise resulted in an immediate 4.17% increase in the stock price after the market closed on April 8, 2026.
2. The company achieved its seventh consecutive quarter of year-over-year sales growth and demonstrated improved profitability. Q3 FY2026 net sales increased by 3.1% year-over-year, driven by strong performance in Power & Microwave Technologies (PMT), particularly in the wafer fab equipment market. Richardson Electronics also turned around its operating income, reporting a positive $1.5 million in Q3 FY2026 compared to an operating loss of $2.7 million in the prior year's quarter, and expanded its gross margin to 31.9%.
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1. Richardson Electronics significantly exceeded analyst expectations in its Q3 FY2026 earnings report on April 8, 2026. The company reported earnings per share (EPS) of $0.07, surpassing the consensus estimate of $0.05 by $0.02. Additionally, revenue reached $55.47 million, beating estimates of $54.1875 million. This positive earnings surprise resulted in an immediate 4.17% increase in the stock price after the market closed on April 8, 2026.
2. The company achieved its seventh consecutive quarter of year-over-year sales growth and demonstrated improved profitability. Q3 FY2026 net sales increased by 3.1% year-over-year, driven by strong performance in Power & Microwave Technologies (PMT), particularly in the wafer fab equipment market. Richardson Electronics also turned around its operating income, reporting a positive $1.5 million in Q3 FY2026 compared to an operating loss of $2.7 million in the prior year's quarter, and expanded its gross margin to 31.9%.
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Stock Movement Drivers
Fundamental Drivers
The 28.4% change in RELL stock from 1/31/2026 to 5/10/2026 was primarily driven by a 362.4% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.97 | 15.38 | 28.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 213 | 214 | 0.8% |
| Net Income Margin (%) | 0.4% | 1.8% | 362.4% |
| P/E Multiple | 215.5 | 59.5 | -72.4% |
| Shares Outstanding (Mil) | 15 | 15 | -0.2% |
| Cumulative Contribution | 28.4% |
Market Drivers
1/31/2026 to 5/10/2026| Return | Correlation | |
|---|---|---|
| RELL | 28.4% | |
| Market (SPY) | 3.6% | 45.0% |
| Sector (XLY) | -0.6% | 47.6% |
Fundamental Drivers
The 44.9% change in RELL stock from 10/31/2025 to 5/10/2026 was primarily driven by a 1989.6% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.62 | 15.38 | 44.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 210 | 214 | 2.1% |
| Net Income Margin (%) | 0.1% | 1.8% | 1989.6% |
| P/E Multiple | 871.0 | 59.5 | -93.2% |
| Shares Outstanding (Mil) | 14 | 15 | -0.6% |
| Cumulative Contribution | 44.9% |
Market Drivers
10/31/2025 to 5/10/2026| Return | Correlation | |
|---|---|---|
| RELL | 44.9% | |
| Market (SPY) | 5.5% | 45.0% |
| Sector (XLY) | 0.6% | 41.4% |
Fundamental Drivers
The 82.7% change in RELL stock from 4/30/2025 to 5/10/2026 was primarily driven by a 76.1% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.42 | 15.38 | 82.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 204 | 214 | 4.8% |
| P/S Multiple | 0.6 | 1.0 | 76.1% |
| Shares Outstanding (Mil) | 14 | 15 | -1.0% |
| Cumulative Contribution | 82.7% |
Market Drivers
4/30/2025 to 5/10/2026| Return | Correlation | |
|---|---|---|
| RELL | 82.7% | |
| Market (SPY) | 30.4% | 45.5% |
| Sector (XLY) | 22.8% | 36.8% |
Fundamental Drivers
The 6.7% change in RELL stock from 4/30/2023 to 5/10/2026 was primarily driven by a 675.9% change in the company's P/E Multiple.| (LTM values as of) | 4302023 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.41 | 15.38 | 6.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 265 | 214 | -19.3% |
| Net Income Margin (%) | 10.0% | 1.8% | -82.4% |
| P/E Multiple | 7.7 | 59.5 | 675.9% |
| Shares Outstanding (Mil) | 14 | 15 | -3.0% |
| Cumulative Contribution | 6.7% |
Market Drivers
4/30/2023 to 5/10/2026| Return | Correlation | |
|---|---|---|
| RELL | 6.7% | |
| Market (SPY) | 78.7% | 39.8% |
| Sector (XLY) | 66.6% | 36.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RELL Return | 196% | 60% | -36% | 7% | -21% | 37% | 253% |
| Peers Return | 30% | -13% | 14% | 11% | 28% | 71% | 211% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 95% |
Monthly Win Rates [3] | |||||||
| RELL Win Rate | 75% | 58% | 50% | 67% | 50% | 80% | |
| Peers Win Rate | 68% | 42% | 60% | 53% | 47% | 72% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| RELL Max Drawdown | -0% | -18% | -50% | -38% | -42% | -5% | |
| Peers Max Drawdown | -5% | -28% | -8% | -14% | -30% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ARW, AVT, TTMI, CTS, ROG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/8/2026 (YTD)
How Low Can It Go
| Event | RELL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -39.9% | -18.8% |
| % Gain to Breakeven | 66.3% | 23.1% |
| Time to Breakeven | 306 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -28.0% | -9.5% |
| % Gain to Breakeven | 38.9% | 10.5% |
| Time to Breakeven | 391 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -10.4% | -24.5% |
| % Gain to Breakeven | 11.6% | 32.4% |
| Time to Breakeven | 10 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.3% | 50.9% |
| Time to Breakeven | 155 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -21.4% | -19.2% |
| % Gain to Breakeven | 27.3% | 23.7% |
| Time to Breakeven | 10 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -17.4% | -3.7% |
| % Gain to Breakeven | 21.1% | 3.9% |
| Time to Breakeven | 310 days | 6 days |
In The Past
Richardson Electronics's stock fell -39.9% during the 2025 US Tariff Shock. Such a loss loss requires a 66.3% gain to breakeven.
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| Event | RELL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -39.9% | -18.8% |
| % Gain to Breakeven | 66.3% | 23.1% |
| Time to Breakeven | 306 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -28.0% | -9.5% |
| % Gain to Breakeven | 38.9% | 10.5% |
| Time to Breakeven | 391 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.3% | 50.9% |
| Time to Breakeven | 155 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -21.4% | -19.2% |
| % Gain to Breakeven | 27.3% | 23.7% |
| Time to Breakeven | 10 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -50.5% | -6.8% |
| % Gain to Breakeven | 101.9% | 7.3% |
| Time to Breakeven | 802 days | 15 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -30.0% | -15.4% |
| % Gain to Breakeven | 42.8% | 18.2% |
| Time to Breakeven | 167 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -61.0% | -53.4% |
| % Gain to Breakeven | 156.1% | 114.4% |
| Time to Breakeven | 381 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -26.0% | -8.6% |
| % Gain to Breakeven | 35.0% | 9.5% |
| Time to Breakeven | 937 days | 47 days |
In The Past
Richardson Electronics's stock fell -39.9% during the 2025 US Tariff Shock. Such a loss loss requires a 66.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Richardson Electronics (RELL)
Richardson Electronics, Ltd. engages in the power and microwave technologies, customized display solutions, and healthcare businesses in North America, the Asia Pacific, Europe, and Latin America. The company's Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; technical services for microwave and industrial equipment; flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment; customized display solutions; and power conversion and RF and microwave component for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications. Its products are used to control, switch, or amplify electrical power signals, as well as are used as display devices in alternative energy, healthcare, aviation, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company's Canvys segment provides custom display solutions, such as touch screens, protective panels, all-in-one computers, custom enclosures, specialized cabinet finishes, application specific software packages, and certification services to corporate enterprise, financial, healthcare, industrial, and medical original equipment manufacturer markets. Its Healthcare segment manufactures and distributes diagnostic imaging replacement parts for CT and MRI systems; replacement CT and MRI tubes; MRI coils, cold heads, and RF amplifiers; hydrogen thyratrons, klystrons, and magnetrons; flat panel detector upgrades; pre-owned CT systems; and additional replacement solutions, as well as offers CT service training. It serves hospitals, medical centers, asset management companies, independent service organizations, and multi-vendor service providers. The company was founded in 1947 and is headquartered in LaFox, Illinois.
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Here are 1-3 brief analogies to describe Richardson Electronics (RELL):
They're like the TE Connectivity (TEL) of high-power tubes, RF components, and custom displays for industrial and medical systems.
They're the LKQ Corporation (LKQ) for high-value diagnostic imaging parts (CT, MRI) and other specialized industrial electronics.
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- Power Grid & Microwave Tubes: Components used to control, switch, or amplify electrical power signals in diverse high-tech applications.
- Engineered Solutions: Custom technical solutions for power conversion, RF, microwave, and high-energy transfer applications.
- Custom Display Solutions (Canvys): Tailored display products, including touch screens, protective panels, and all-in-one computers.
- Diagnostic Imaging Replacement Parts: Components like flat panel detectors, CT/MRI tubes, coils, and amplifiers for medical imaging systems.
- Pre-owned Diagnostic Imaging Systems: Sells used CT systems and provides flat panel detector upgrades.
- Technical Services & Training: Offers technical support for microwave and industrial equipment, plus service training for diagnostic imaging systems.
- Specialized Vacuum Tubes: Distributes hydrogen thyratrons, klystrons, and magnetrons for high-power applications.
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Richardson Electronics (RELL) primarily sells to other companies. Based on the provided company description, specific names of major customer companies are not detailed. However, the description identifies several key categories of businesses and organizations that serve as its major customers across its segments:
- Healthcare Sector Entities: This includes hospitals, medical centers, asset management companies, independent service organizations (ISOs), multi-vendor service providers, and medical original equipment manufacturers (OEMs). These customers utilize RELL's diagnostic imaging replacement parts, CT/MRI systems, tubes, coils, and flat panel detector upgrades, as well as customized display solutions.
- Industrial and Technology Original Equipment Manufacturers (OEMs): This broad category encompasses manufacturers across various industries such as corporate enterprise, financial services, industrial, and semiconductor markets. These OEMs integrate RELL's power grid and microwave tubes, engineered solutions, power conversion and RF/microwave components, and customized display solutions into their products for applications like CO2 laser cutting, dielectric/induction heating, high energy transfer, high voltage switching, plasma, radar, and radiation oncology.
- Specialized Market & Infrastructure Providers: Customers include companies operating in alternative energy, aviation, communications, marine, and military markets. They purchase RELL's components and solutions for applications requiring control, switching, or amplification of electrical power signals, and display devices. This also includes customers requiring technical services for microwave and industrial equipment.
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Edward J. Richardson, Chairman, Chief Executive Officer and PresidentEdward J. Richardson has been employed by Richardson Electronics since 1961 and has held various positions during his tenure. He served as Chairman of the Board, Chief Executive Officer, and President from September 1989 to November 1996, and has continued to hold the offices of Chairman of the Board and Chief Executive Officer since then. In April 2006, he also became President. Mr. Richardson's father, Arthur Richardson, founded the company in 1947.
Robert J. Ben, Executive Vice President, Chief Financial Officer and Corporate Secretary
Robert J. Ben joined Richardson Electronics after serving as Senior Vice-President and Chief Financial Officer at Cobra Electronics Corporation from April 2000 through November 2014. Cobra Electronics Corporation was acquired by a private equity firm in 2014. Prior to Cobra, Mr. Ben worked for Ivex Packaging Corporation, Abbott Laboratories, and KPMG Advisory in Mergers and Acquisitions, and as a senior auditor for Ernst & Young.
Wendy Diddell, Executive Vice President and Chief Operating Officer
Wendy Diddell has been an employee of Richardson Electronics since 2003, holding various positions in several business units and corporate functions before becoming Chief Operating Officer. From 1997 to 2003, Ms. Diddell was the Senior Vice President of Sales and Marketing for Ultrak, Inc., a global manufacturer of closed-circuit television and access control systems.
Greg Peloquin, Executive Vice President – Power & Microwave Technologies
Gregory Peloquin has served as Executive Vice President, Power & Microwave Technologies Group since 2014. Before this role, he was President of Arrow RFPD from 2011 to 2014. He also held the position of Executive Vice President and General Manager of the RF, Wireless & Power Division of Richardson Electronics from January 2002 to March 2011. Mr. Peloquin joined Richardson Electronics in 2002 from Motorola Semiconductor, where he was Director of Global Marketing for the RF Division.
Jens Ruppert, Executive Vice President and General Manager, Canvys
Jens Ruppert joined Richardson Electronics in July 2015. Prior to that, he was the Managing Director of Envinet GmbH, a German-based high-tech company. From April 2006 through December 2013, Mr. Ruppert was with NDS Surgical Imaging, where he held various management positions, including Vice President and General Manager. He also held management positions at Heraeus-Med (Maquet/Getinge) and Gebrueder Martin (KLS Martin Group). Mr. Ruppert began his career as an engineer and progressed through sales, marketing, and general management roles within the medical display and operating room equipment market.
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<h3>Key Risks</h3>
<ol>
<li>
<strong>Technological Obsolescence and Rapid Innovation:</strong> Richardson Electronics supplies power grid and microwave tubes, replacement parts for diagnostic imaging equipment (such as CT and MRI tubes), and customized display solutions. Many of these products are susceptible to becoming obsolete or facing diminished demand due to rapid technological advancements. For instance, the emergence of newer, more efficient, or entirely different technologies (e.g., solid-state components replacing vacuum tubes, novel imaging modalities, or next-generation display technologies) could significantly impact the market for their current offerings. A failure to adapt, innovate, or secure distribution rights for cutting-edge alternatives could lead to a substantial decline in revenue across its Power and Microwave Technologies, Canvys, and Healthcare segments.
</li>
<li>
<strong>Intense Competition and Original Equipment Manufacturer (OEM) Strategies:</strong> The company operates in markets with significant competition, particularly from Original Equipment Manufacturers (OEMs) in industries such as diagnostic imaging. OEMs often have their own service divisions and may implement strategies to limit the market for third-party replacement parts and services, or to vertically integrate their component sourcing and display solution development. This could include restricting access to proprietary information, making systems more difficult for third parties to service, or offering more aggressive pricing on their own parts and solutions. Additionally, the broader markets for electronic components and custom displays are highly competitive, which could exert downward pressure on pricing, reduce market share, and impact profitability for Richardson Electronics.</li>
</ol>AI Analysis | Feedback
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Richardson Electronics, Ltd. operates in several key markets globally, providing a range of specialized products and services across its Power and Microwave Technologies Group, Canvys, and Healthcare segments.
Power and Microwave Technologies Group
This segment focuses on engineered solutions, power grid and microwave tubes, and RF and microwave components.
- Microwave Tubes: The global microwave tube market was valued at approximately USD 1.51 billion in 2024 and is projected to reach USD 2.69 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 7.44% between 2025 and 2032. North America held the largest market share at 36% in 2024.
- RF and Microwave Components: The global radio frequency (RF) components market was valued at USD 48.06 billion in 2025 and is projected to grow to USD 163.84 billion by 2034, with a CAGR of 14.60% from 2026. Another estimate places the global RF components market size at USD 44.84 billion in 2025, expected to reach USD 140.54 billion by 2035, growing at a CAGR of 12.10% from 2026 to 2035.
Canvys Segment (Customized Display Solutions)
Richardson Electronics' Canvys segment provides custom display solutions.
- Custom Display Solutions: The custom LCD display market, a significant part of custom display solutions, expanded from USD 86.86 billion in 2025 to USD 92.84 billion in 2026. It is projected to reach USD 140.25 billion by 2032, with a CAGR of 7.08%. More broadly, the global display market was valued at USD 166.8 billion in 2025 and is projected to grow to USD 346.92 billion by 2034, with a CAGR of 8.70%.
Healthcare Segment
The Healthcare segment specializes in diagnostic imaging replacement parts for CT and MRI systems, tubes, coils, and flat panel detectors.
- Diagnostic Imaging Equipment: The global diagnostic imaging equipment market was valued at USD 53.60 billion in 2024 and is expected to reach USD 78.59 billion by 2032, growing at a CAGR of 4.90%. North America holds the largest revenue share in this market, with the U.S. accounting for 42% in 2024. The global diagnostic imaging market size is projected to surpass USD 50.12 billion in 2025 and is anticipated to reach around USD 76.69 billion by 2034, expanding at a CAGR of 4.84%.
- Flat Panel Detectors (FPDs): The global flat panel detectors market is projected to grow from USD 1.07 billion in 2024 to USD 1.46 billion by 2032, at a CAGR of 3.89% between 2025 and 2032. Another report estimates the global Flat Panel Detector (FPD) market size at USD 1.03 billion in 2025 and projected to reach USD 1.41 billion by 2033, growing at a CAGR of 4.01% from 2026. North America held a significant share of USD 495.0 million in 2024.
- MRI Systems and Components: The global MRI (Magnetic Resonance Imaging) market size is anticipated to grow from USD 7.54 billion in 2025 to USD 14.18 billion by 2035, with a CAGR of 6.52% from 2026 to 2035. North America dominated the MRI market with 38% of the revenue share in 2023.
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Richardson Electronics, Ltd. (RELL) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Expansion of Green Energy Solutions (GES) Segment: The company anticipates continued revenue growth from its Green Energy Solutions segment, particularly through increased sales of wind turbine modules, such as the patented ULTRA3000 and ultracapacitor-based pitch systems. Richardson Electronics is also strategically expanding its presence in the rapidly growing Energy Storage Solutions (ESS) market and is actively pursuing market share gains in Europe and Asia.
- Increased Demand in the Semiconductor Market: Management expects sustained growth in the semiconductor market through calendar year 2026. This trend is projected to increase demand for the company's Power and Microwave Technologies (PMT) products, especially from semiconductor wafer fab customers.
- Growth in Canvys Custom Display Solutions: The Canvys segment, which provides custom display solutions, is a significant growth driver. The segment has demonstrated strong year-over-year revenue increases, securing orders from both new and existing medical OEM customers for applications such as robotic-assisted surgery, navigation endoscopy, and human-machine interface (HMI) solutions. Improved market conditions in Europe are also contributing to this growth.
- Profitable Contributions from Siemens Tube Repairs: Richardson Electronics anticipates profitable contributions from its Siemens tube repair services, which are expected to commence in the first quarter of fiscal year 2027. This specialized service will be consolidated within the Power and Microwave Technologies (PMT) segment.
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Share Repurchases
- No significant share repurchases have been reported over the last 3-5 years. The number of shares outstanding decreased by a minor 0.24% in one year.
Share Issuance
- Richardson Electronics issued common stock valued at $320,000 in fiscal year 2025, $591,000 in fiscal year 2024, $3.8 million in fiscal year 2023, and $3.0 million in fiscal year 2022.
Capital Expenditures
- Total capital expenditures were $2.8 million in fiscal year 2025, primarily directed towards the manufacturing business, facility improvements, and IT systems.
- In fiscal year 2024, capital expenditures amounted to $4.0 million.
- Between fiscal years 2023 and 2024, the company invested $4.8 million in facility renovations to support the increasing demand for Green Energy Solutions (GES) products.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Richardson Electronics Earnings Notes | 12/16/2025 | |
| With Richardson Electronics Stock Surging, Have You Considered The Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 111.38 |
| Mkt Cap | 4.6 |
| Rev LTM | 1,962 |
| Op Inc LTM | 189 |
| FCF LTM | 51 |
| FCF 3Y Avg | 80 |
| CFO LTM | 127 |
| CFO 3Y Avg | 174 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.2% |
| Rev Chg 3Y Avg | -1.7% |
| Rev Chg Q | 20.6% |
| QoQ Delta Rev Chg LTM | 4.6% |
| Op Inc Chg LTM | 41.5% |
| Op Inc Chg 3Y Avg | -0.6% |
| Op Mgn LTM | 5.6% |
| Op Mgn 3Y Avg | 5.3% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 5.8% |
| CFO/Rev 3Y Avg | 5.8% |
| FCF/Rev LTM | 0.5% |
| FCF/Rev 3Y Avg | 2.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.6 |
| P/S | 2.0 |
| P/Op Inc | 29.7 |
| P/EBIT | 15.5 |
| P/E | 28.5 |
| P/CFO | 25.3 |
| Total Yield | 3.6% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 5.2% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 20.9% |
| 3M Rtn | 28.3% |
| 6M Rtn | 70.7% |
| 12M Rtn | 71.9% |
| 3Y Rtn | 55.5% |
| 1M Excs Rtn | 13.8% |
| 3M Excs Rtn | 21.6% |
| 6M Excs Rtn | 59.6% |
| 12M Excs Rtn | 43.4% |
| 3Y Excs Rtn | -20.2% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Power and Microwave Technologies (PMT) | 129 | 164 | 155 | 137 | 118 |
| Canvys | 32 | 39 | 35 | 29 | 29 |
| Green Energy Solutions (GES) | 23 | 48 | 23 | ||
| Healthcare | 12 | 11 | 11 | 10 | 8 |
| Total | 196 | 263 | 225 | 177 | 156 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Power and Microwave Technologies (PMT) | 67 | ||||
| Accounts receivable | 25 | ||||
| Cash and cash equivalents | 24 | ||||
| Green Energy Solutions (GES) | 21 | ||||
| Property, plant and equipment, net | 21 | ||||
| Healthcare | 13 | ||||
| Canvys | 9 | ||||
| Deferred income tax assets | 6 | ||||
| Right of use lease assets | 3 | ||||
| Prepaid expenses and other assets | 2 | ||||
| Intangible assets, net | 2 | ||||
| Other non-current assets | 0 | ||||
| Total | 192 |
Price Behavior
Price Behavior
| Market Price | $15.38 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $12.56 | $11.08 |
| DMA Trend | up | up |
| Distance from DMA | 22.5% | 38.8% |
| 3M | 1YR | |
| Volatility | 75.7% | 55.8% |
| Downside Capture | 0.69 | 1.01 |
| Upside Capture | 250.82 | 208.47 |
| Correlation (SPY) | 42.4% | 45.1% |
RELL Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.42 | 1.97 | 2.24 | 2.13 | 2.02 | 1.28 |
| Up Beta | 0.67 | 0.77 | 1.29 | 1.51 | 1.53 | 1.01 |
| Down Beta | -2.53 | 2.03 | 4.48 | 2.81 | 2.55 | 1.27 |
| Up Capture | 274% | 298% | 279% | 332% | 361% | 236% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 13 | 23 | 35 | 63 | 130 | 369 |
| Down Capture | 389% | 211% | 160% | 165% | 158% | 110% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 9 | 20 | 29 | 60 | 118 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RELL | |
|---|---|---|---|---|
| RELL | 80.4% | 55.6% | 1.25 | - |
| Sector ETF (XLY) | 21.8% | 18.7% | 0.92 | 36.5% |
| Equity (SPY) | 29.0% | 12.5% | 1.83 | 45.3% |
| Gold (GLD) | 39.8% | 27.0% | 1.22 | 8.8% |
| Commodities (DBC) | 50.6% | 18.0% | 2.21 | -6.4% |
| Real Estate (VNQ) | 13.0% | 13.5% | 0.66 | 25.4% |
| Bitcoin (BTCUSD) | -17.4% | 42.1% | -0.34 | 33.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RELL | |
|---|---|---|---|---|
| RELL | 17.4% | 52.0% | 0.50 | - |
| Sector ETF (XLY) | 7.1% | 23.8% | 0.26 | 34.4% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 36.5% |
| Gold (GLD) | 20.9% | 17.9% | 0.95 | 10.1% |
| Commodities (DBC) | 13.8% | 19.1% | 0.59 | 13.2% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 28.0% |
| Bitcoin (BTCUSD) | 7.0% | 56.0% | 0.34 | 18.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RELL | |
|---|---|---|---|---|
| RELL | 15.0% | 43.9% | 0.47 | - |
| Sector ETF (XLY) | 12.9% | 22.0% | 0.54 | 27.9% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 27.4% |
| Gold (GLD) | 13.4% | 15.9% | 0.69 | 8.0% |
| Commodities (DBC) | 9.3% | 17.8% | 0.44 | 12.2% |
| Real Estate (VNQ) | 5.8% | 20.7% | 0.24 | 21.2% |
| Bitcoin (BTCUSD) | 67.8% | 66.9% | 1.07 | 11.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/8/2026 | 22.7% | 12.9% | 26.4% |
| 1/7/2026 | -11.7% | -8.1% | -2.2% |
| 10/8/2025 | 11.8% | 10.3% | -2.7% |
| 7/23/2025 | 11.0% | 4.4% | -1.2% |
| 4/9/2025 | -17.1% | -13.7% | -8.6% |
| 1/7/2025 | -12.8% | -9.6% | -11.3% |
| 10/9/2024 | -2.6% | 4.8% | 12.9% |
| 7/24/2024 | 2.4% | 7.5% | 5.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 13 | 10 |
| # Negative | 13 | 11 | 14 |
| Median Positive | 13.6% | 8.6% | 16.3% |
| Median Negative | -9.8% | -8.1% | -3.9% |
| Max Positive | 24.6% | 23.2% | 57.6% |
| Max Negative | -19.0% | -18.6% | -24.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 02/28/2026 | 04/09/2026 | 10-Q |
| 11/30/2025 | 01/08/2026 | 10-Q |
| 08/31/2025 | 10/09/2025 | 10-Q |
| 05/31/2025 | 08/04/2025 | 10-K |
| 02/28/2025 | 04/10/2025 | 10-Q |
| 11/30/2024 | 01/10/2025 | 10-Q |
| 08/31/2024 | 10/10/2024 | 10-Q |
| 05/31/2024 | 08/05/2024 | 10-K |
| 02/29/2024 | 04/11/2024 | 10-Q |
| 11/30/2023 | 01/11/2024 | 10-Q |
| 08/31/2023 | 10/12/2023 | 10-Q |
| 05/31/2023 | 07/31/2023 | 10-K |
| 02/28/2023 | 04/06/2023 | 10-Q |
| 11/30/2022 | 01/05/2023 | 10-Q |
| 08/31/2022 | 10/06/2022 | 10-Q |
| 05/31/2022 | 08/01/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Halverson, Kenneth | Direct | Sell | 5072026 | 14.69 | 10,000 | 146,942 | 210,788 | Form | |
| 2 | Ben, Robert J | CFO, CAO, Corporate Secretary | Direct | Sell | 2232026 | 12.99 | 4,000 | 51,948 | 688,753 | Form |
| 3 | Halverson, Kenneth | Direct | Sell | 2172026 | 13.09 | 10,000 | 130,850 | 187,704 | Form | |
| 4 | Ben, Robert J | CFO, CAO, Corporate Secretary | Direct | Sell | 2062026 | 11.90 | 5,000 | 59,503 | 678,740 | Form |
| 5 | Ruppert, Jens Frank | EVP Canvys | Direct | Sell | 1292026 | 12.09 | 17,000 | 205,480 | 477,439 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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