Richardson Electronics Ltd
rell.comWhat Do They Do?
Designs, manufactures and distributes power, RF and microwave products and engineered systems for industrial, communications and semiconductor customers, alongside green-energy products and customized displays.
10-K for FY2026, filed Aug 3, 2026Power and Microwave Technologies ("PMT") combines our core engineered solutions capabilities, power grid and microwave tube business with…View ↗
Green Energy Solutions ("GES") combines our key technology partners and engineered solutions capabilities to design and manufacture…View ↗
Canvys provides customized display solutions serving the corporate enterprise, financial, healthcare, industrial and medical original…View ↗
How Do They Make Money?
Customers generally pay on account in North America, with terms varying elsewhere; product sales are counted when shipped or, sometimes, delivered. The company also earns revenue from repair, installation and training work.
10-K for FY2026, filed Aug 3, 2026Revenue Recognition: We sell our products to customers in diversified industries and perform periodic credit evaluations of our customers’…View ↗
Our customers are generally not resellers, but rather businesses that incorporate our products into their processes from which they…View ↗
We also generate revenue from repair, installation or training activities. The services we provide are relatively short in duration and are…View ↗
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10-K for FY2026, filed Aug 3, 2026
FY2026 revenue by reportable segment ↗
$228.6M
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10-K for FY2026, filed Aug 3, 2026
$228.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
PMT
Sold outright
10-K for FY2026, filed Aug 3, 2026 |
70%
FY2023: 63%
|
PMT, FY2026
$160.5M Sources
|
Sold outright |
|
GES
Sold outright
10-K for FY2026, filed Aug 3, 2026 |
13%
FY2023: 18%
|
GES, FY2026
$30.8M Sources
|
Sold outright |
|
Canvys
Sold outright
10-K for FY2026, filed Aug 3, 2026 |
16%
FY2023: 15%
|
Canvys, FY2026
$37.3M Sources
|
Sold outright |
Who Are Their Customers?
Businesses that incorporate the products into their own operations are generally buyers, not resellers. Richardson's employees and authorized representatives sell its products; customers can order through company websites, electronic data interchange or by telephone.
10-K for FY2026, filed Aug 3, 2026Our customers are generally not resellers, but rather businesses that incorporate our products into their processes from which they…View ↗
We have employees, as well as authorized representatives who are not our employees, selling our products primarily in regions where we do…View ↗
We maintain over 100,000 part numbers in our product inventory database and we estimate that more than 90% of orders received by 6:00 p.m.…View ↗
10-K for FY2026, filed Aug 3, 2026
Customer Concentration: No single customer represented more than 10 percent of our total accounts receivable balance as of May 30, 2026 and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2026, but spent more cash than it brought in: free cash flow was −$3.6M.
10-K for FY2026, filed Aug 3, 2026
$6.5MView ↗
10-K for FY2026, filed Aug 3, 2026
$6.4MView ↗
10-K for FY2026, filed Aug 3, 2026
−$3.6MView ↗
How Are They Changing?
10-Q for Q1 FY2027, filed Oct 8, 2026
Open tableView ↗
Flat. Revenue was $228.6M in FY2026, about the same as the $224.6M of FY2022.
Healthcare business narrowed
The older report described a Healthcare business making, repairing and distributing diagnostic-imaging replacement parts and equipment. The latest report describes the sale of a substantial portion of its assets and continued repair and exclusive supply of certain imaging tubes to DirectMed.
10-K for FY2023, filed Jul 31, 2023 10-K for FY2026, filed Aug 3, 2026Healthcare manufactures, repairs, refurbishes and distributes high value replacement parts and equipment for the healthcare market…View ↗
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