RF Industries Reports Record Q3 Fiscal 2026 Sales with Strong Profitability Growth
RF Industries (NASDAQ: RFIL) reported record third-quarter fiscal 2026 net sales of $23.96 million, a significant increase from the prior-year quarter and sequentially higher by 16%. The company also saw improved profitability metrics including an expanded gross margin to 35.6%, increased operating income to $1.8 million, and a substantial rise in net income to $1.44 million or $0.12 per diluted share compared with the previous year. The strong performance was supported by robust order activity, as RF Industries recorded bookings of $22.5 million during Q3, contributing to an increased backlog from $18.6 million at quarter-end to $19.8 million post-announcement. CEO Robert Dawson attributed this success to a strategic shift toward higher-value products and solutions such as custom cabling and integrated systems. The company's diversification into markets like aerospace, edge data centers, AI infrastructure, transportation, and public safety is helping reduce its historical reliance on wireless carrier capital spending cycles. Investors are watching for continued demand in these new areas and the sustainability of recent profitability improvements.
Tickers: $RFIL
Topics: backlog margins profitability sales