Richardson Electronics, Ltd. · NASDAQ:RELL
Richardson Electronics — Q3 FY2026 Earnings Presentation
24 slides from Richardson Electronics's earnings presentation, May 8, 2026
Slide 1: Richardson Electronics Q3 FY2026 Investor Presentation
Richardson Electronics Q3 FY2026 Investor Presentation May 8, 2026 NASDAQ: RELL
Slide 2: Vision, Mission, Values
VISION To make our world a better, more sustainable place by providing innovative technology solutions. MISSION VALUES We provide solutions that improve our world • We are a diverse family; we take care of our through innovative engineering and people. manufacturing in collaboration with our • We fo
Slide 3: Forward Looking Statement
Forward Looking Statement This overview includes certain “forward-looking” statements as defined by the Securities and Exchange Commission. Statements regarding the Company’s business which are not historical facts represent “forward-looking” statements that involve risks and uncertainties. For a di
Slide 4: About Richardson Electronics
About Richardson Electronics
Slide 5: Engineered Solutions
ENGINEERED SOLUTIONS Richardson Electronics (NASDAQ: RELL) designs and manufactures more than 55% of the products it sells for power, microwave, and imaging solutions to industries worldwide. Technical expertise and “engineered Value added solutions through design- Global infrastructure and solution
Slide 6: Key Facts & Figures
Key Facts & Figures Strong balance sheet with robust cash and cash equivalents and no debt Certified experts that are ISO 9001:2015 and ISO 13485:2016 certified 430+ employees with over half in sales, engineering and product management More than 20,000 OEM and end-user customers throughout the world
Slide 7: Our Business Units
Our Business Units Power & Microwave Technology Green Energy Solutions (GES) Canvys (PMT) o YTD FY2026 Revenue: $113.0M o YTD FY2026 Revenue: $24.4M o YTD FY2026 Revenue: $25.0M o FY2025 Revenue: $137.8M o FY2025 Revenue: $28.7M o FY2025 Revenue: $33.1M o Power grid and microwave tubes (EDG) o Desig
Slide 8: Growth Strategies
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Slide 9: Strategy Supported by Strong Core Business, New Products and New Markets
Strategy Supported by Strong Core Business, New Products and New Markets Management has created a strategic plan focused on driving growth and creating sustainable value for shareholders Growth supported by strong core Strategy focused on leveraging core Global footprint supports customers business,
Slide 10: Power Management Roadmap
Power Management Roadmap Long-standing relationships with leading components manufacturers combined with our in-house manufacturing and engineering capabilities supports a multi-year strategy aimed at providing higher value sales Modules System Technology Partners Engineered Solutions Energy Storage
Slide 11: Other Mid-Term Solutions
Other Mid-Term Solutions Key Markets: • Power management • Green Energy Solutions (GES) Key Applications: Transportation Industrial Energy Wind/Solar Storage Key Products Key Products Key Products Key Products • Metra Emergency Lighting • LiFeP04 Battery • C&I BESS • Pitch Energy Modules • Engine St
Slide 12: FY26-28 Wind Turbine Opportunity
FY26-28 Wind Turbine Opportunity Customer Problem: Richardson Electronics’ Solutions: Wind turbine manufacturers and operators needed Developed the first ultracapacitor-based plug-and-play an environmentally friendly solution to extend replacement for batteries within wind turbine pitch systems. Sin
Slide 13: Key Customer Testimonial for Patented Pitch Energy Modules
Key Customer Testimonial for Patented Pitch Energy Modules “If you were to ask any wind technician who works on electric pitch systems what the weak link is in the whole system, most would likely say it’s the pitch batteries. Even without looking at the data, any technician knows this, as the task o
Slide 14: Energy Storage Solutions (ESS) Growth Strategy
Energy Storage Solutions (ESS) Growth Strategy New energy storage technologies bring disruptive technologies into niche markets. Leveraging RELL’s Go to Market and Market Opportunity Platform and Capabilities Development Strategies • $32.6 billion global market for battery • Existing technology part
Slide 15: Richardson Energy Storage System — RESS
Richardson Energy Storage System — RESS Accelerating Scale Through Technology Partnerships, Product Development, and Product Support Technology partners Richardson Energy Storage System – RESS Core Energy Storage Platform End-to-End Integration, Product Development and Project Execution Best-In-Clas
Slide 16: Key Customers
Key Customers CNCL) |SuZLON| [Invenergy| |{@ee| | RWE € phy = is Rail nergy’ “* CF es = ERG ee = 2 Xcel Energy : NexTera cere tee E-TeN | | transalta} | Nedéve | [iQisShecy| | Meda. Richardson Electronics
Slide 17: FY26 Expectations
FY26 Expectations • Expect near-term volatility associated with potential impacts on global trade from U.S. trade and economic policies, supply chain constraints, and rising fuel costs • ~5% of purchases come from China, limiting the expected impact from tariffs • Multiple warehouses for strategic s
Slide 18: Financials
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Slide 19: Q3 FY2026 Financial Highlights
Q3 FY2026 Financial Highlights(1) Net Sales 5-Year Growth ($ in millions) CAGR Growth: 6.0% $208.9 • Consolidated net sales for the third quarter of FY2026 increased 3.1% to $55.5 $55.5 million, compared to net sales of $53.8 million in the prior year’s third quarter, $53.8 primarily due to higher s
Slide 20: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow February 28, May 31, ($s in 000s) 2026 2025 • Strong balance sheet with no debt, and $29.5 million in cash and cash equivalents Cash and Cash $29,494 $35,901 Equivalents • No borrowings outstanding under $20.0 million revolving line of credit Accounts $27,041 $24,117 Rece
Slide 21: Capital Allocation
Capital Allocation Debt free balance sheet allows for strategic deployment of capital Capital Allocation Strategies Focused on Supporting Long-Term Growth Opportunities Investing in Infrastructure and IT Systems • Invested in facility renovations in FY2023 and FY2024 to support the growing demand fo
Slide 22: Backlog
Backlog Total Company Backlog ($ in millions) $250 • Total backlog at the end of Q3 FY2026 was $151.2 million versus $135.7 million at the end of Q2 FY2026, and $59.5 million in FY2019. $200 • Q3 FY2026 backlog is the highest since exiting FY2023 and is up more than 150% since FY2019 $150 • Core GES
Slide 23: Appendix: Non-GAAP Reconciliation
Appendix: Non-GAAP Reconciliation
Slide 24: Reconciliation of Non-GAAP Net Income
Reconciliation of Non-GAAP Net Income Twelve Months Ended May 31, 2025 Net loss reconciliation Net loss $ (1,143) Loss on sale of healthcare assets and other charges 3,755 Valuation allowance adjustment 617 Non-GAAP net income $ 3,229 Non-GAAP Net Income: Non-GAAP Net Income is net (loss) income, ad
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