Expectations trend
FY2028 · fiscal year ending 2028-05-30 · fmp
Richardson Electronics Ltd/United States (RELL)
NASDAQInformation TechnologyHardware, Equipment & PartsSnapshot 2026-11-04
$19.56-5.37%
Close 2026-11-04 · 1-day change
NASDAQInformation TechnologyHardware, Equipment & PartsSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
0.74 → 0.95 EPS · FY ending May 30, 2028 · 2 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 2 to 2; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for RELL yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Net income stays positive at least $0.89 million in 2026-Q3 | Net income turned positive to $0.89M in Q3. | Improving | Net income falls below zero in 2026-Q3 | Net income: $4.059M FY2027-Q1; GAAP. Published target: >= $0.89 million. The stored target says 2026-Q3; this source reports FY2027-Q1. Fiscal/calendar alignment needs review. Oct 8, 20264,059,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2028 · fiscal year ending 2028-05-30 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a small-cap growth and execution story, with recent results showing strong improvement rather than a proven durable pattern. The long-term thesis is intact, but earnings quality is fragile and risk is elevated.
The valuation evidence points to RELL being cheap versus peers, with expectations slightly below the model’s baseline. The valuation measure rose recently, while the priced-in assessment says fragility is low and the current setup is justified.
Near-term fundamentals have been strong: sales grew year over year, operating income improved, and backlog rose, with management on track on all three priorities. The recent earnings beats and completed acquisition are positive, but the smaller-cap profile and history of a deep miss leave some risk of weaker results or guidance.
A guidance cut on the next call would be a meaningful negative, while continued delivery on sales, margins, and backlog would support the multi-year thesis. Fed rate cuts and steadier results from major technology peers could help the sector backdrop, but those conditions are not assured.
Over the next 1 to 3 years, the case rests on continued execution and improving earnings quality; recent momentum supports the thesis, but the risk profile remains elevated. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| A primary condition in Richardson Electronics Ltd/United States's published investment case. The stated target is >= $1.5 million. |
| Broken |
| Operating income falls below $0.13 million in 2026-Q3 |
Operating income: $5.115M FY2027-Q1; GAAP. Published target: >= $1.5 million. The stored target says 2026-Q3; this source reports FY2027-Q1. Fiscal/calendar alignment needs review. Oct 8, 20265,115,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 3 of 3 supplied quarters. Management reported: “Operating income was $5.1 million for the first quarter of fiscal 2027, compared to an operating income of $1.0 million in the prior year’s first quarter.” “Operating income was $3.9 million and non-GAAP operating income* was $3.5 million for the fourth quarter of fiscal 2026, compared to an operating income of $0.6 million and non-GAAP operating income* of $0.8 million in the prior year’s fourth quarter.” Operating income was $1.497 million in 2026-Q3. Delivery assessment Nov 4, 2026 |
Revenue grows to at least $55.47 million in 2026-Q3 | A primary condition in Richardson Electronics Ltd/United States's published investment case. The stated target is >= $55.47 million. | Intact | Revenue falls below $52 million in 2026-Q3 | Revenue: $64.923M FY2027-Q1; GAAP. Published target: >= $55.47 million. The stored target says 2026-Q3; this source reports FY2027-Q1. Fiscal/calendar alignment needs review. Oct 8, 202664,923,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 3 of 3 supplied quarters. Management reported: “First Quarter Results Net sales for the first quarter of fiscal 2027 were $64.9 million, an 18.9% increase from $54.6 million in the prior year’s first quarter.” “Fourth Quarter Results Net sales for the fourth quarter of fiscal 2026 were $66.2 million, a 27.6% increase from $51.9 million in the prior year’s fourth quarter.” Revenue was $55.472 million in 2026-Q3. Delivery assessment Nov 4, 2026 |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$0.60 → $0.95 · observed estimates
$0.25B → $0.28B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $0.60 | $254,700,000 | 1 / 1 |
| 2026-07-25 | $0.60 | $254,700,000 | 1 / 1 |
| 2026-07-26 | $0.61 | $263,800,000 | 1 / 1 |
| 2026-07-27 | $0.61 | $263,800,000 | 1 / 1 |
| 2026-07-28 | $0.61 | $263,800,000 | 1 / 1 |
| 2026-07-29 | $0.61 | $263,800,000 | 1 / 1 |
| 2026-07-30 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-07-31 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-01 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-02 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-03 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-04 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-05 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-06 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-08 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-09 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-10 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-12 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-13 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-14 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-15 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-16 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-17 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-18 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-19 | $0.74 | $267,904,999 | 1 / 1 |
| 2026-08-20 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-08-21 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-08-22 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-08-23 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-08-24 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-08-25 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-08-26 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-08-27 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-08-28 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-08-29 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-08-30 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-08-31 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-01 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-02 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-03 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-04 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-05 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-06 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-07 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-08 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-09 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-10 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-11 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-12 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-13 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-14 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-15 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-16 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-17 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-18 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-19 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-20 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-21 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-22 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-23 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-24 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-25 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-26 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-27 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-28 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-29 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-09-30 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-10-01 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-10-02 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-10-03 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-10-04 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-10-05 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-10-06 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-10-07 | $0.74 | $267,904,999 | 2 / 2 |
| 2026-10-08 | $0.74 | $267,899,999 | 2 / 2 |
| 2026-10-09 | $0.74 | $267,899,999 | 2 / 2 |
| 2026-10-10 | $0.88 | $276,900,000 | 2 / 2 |
| 2026-10-11 | $0.88 | $276,900,000 | 2 / 2 |
| 2026-10-12 | $0.88 | $276,900,000 | 2 / 2 |
| 2026-10-13 | $0.88 | $276,900,000 | 2 / 2 |
| 2026-10-14 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-15 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-16 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-17 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-18 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-19 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-20 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-21 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-22 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-23 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-24 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-25 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-26 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-27 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-28 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-29 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-30 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-10-31 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-11-01 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-11-02 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-11-03 | $0.95 | $281,264,700 | 2 / 2 |
| 2026-11-04 | $0.95 | $281,264,700 | 2 / 2 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 1 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 0 recorded
1 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.