Richardson Electronics reported a 9.6% increase in fiscal 2026 revenue to $228 million, up from $208 million in the prior year, as the company’s engineered products segment continued to gain traction. The La Fox, Illinois-based distributor posted fourth-quarter revenue of $66 million and net income of $6.4 million, reversing a prior-year loss.
The company ended the fiscal year with $31.9 million in cash and no outstanding debt, supported by an unused credit facility from PNC Bank. More than 55% of revenue now derives from products manufactured by Richardson or produced specifically for the company, reflecting a shift toward proprietary solutions.
Richardson’s semiconductor wafer fabrication business generated approximately $32 million in fiscal 2026, with expectations to exceed its $40 million fiscal 2023 peak by fiscal 2027. The Canvys display division contributed about $38 million, while the legacy tube business segment, now part of the EDG division, reported roughly $80 million in revenue.
The company highlighted a multi-year inventory program completed in March 2026, which secured supply through 2030. Richardson also emphasized its role in extending wind turbine battery life from 12–18 months to up to 10 years through replacement modules, targeting an estimated $35 billion battery energy storage market that could expand beyond $100 billion.
Richardson serves OEMs including Lam Research, Qorvo, and MACOM in semiconductor manufacturing, as well as medical equipment manufacturers such as Medtronic, Philips, and Siemens. In wind energy, the company supplies components to SS Wind Systems, Alstom, Nordex, and Suzlon, with approximately 15% penetration in GE’s U.S. wind turbine fleet of over 30,000 units.
CEO Edward Richardson noted the company acquired 21–22 tube company divisions globally as competitors exited the market. COO Wendy Diddell underscored Richardson’s strategy of controlling its supply chain, stating that more than half of revenue now comes from internally manufactured or custom-built products.
