Richardson Electronics Anticipates Fiscal 2027 Growth Amid Rising Semiconductor and Energy Demand
Richardson Electronics (NASDAQ:RELL) is forecasting growth in fiscal 2027 driven by increased demand for semiconductor wafer fabrication, wind turbine power management products, and battery energy storage. During a company presentation, COO Wendy Diddell highlighted strong performance across key segments, including Power and Microwave Technologies and Green Energy Solutions. The firm reported $228 million in fiscal 2026 revenue, up from $208 million the previous year, with net income of approximately $6.4 million compared to a loss in fiscal 2025. The fourth quarter saw revenue rise to $66 million and net income reach $3.7 million versus $1.1 million in the prior-year period. Richardson Electronics has expanded through acquisitions over its nearly 80-year history, now operating across 24 legal entities with a global workforce of around 430 employees. The company is shifting toward engineered solutions and manufacturing more products internally or custom-built by partners to drive higher-margin growth.
Topics: energy storage growth outlook revenue semiconductors