理查森电子 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended November 29, 2025OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromToCommission File Number: 0-12906 RICHARDSON ELECTRONICS, LTD. (Exact name of registrant as specified in its charter) 36-2096643(I.R.S. EmployerIdentification No.) 40W267 Keslinger Road, P.O. Box 393LaFox, Illinois 60147-0393(Address of principal executive offices) Registrant’s telephone number, including area code: (630) 208-2200 Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon stock, $0.05 Par ValueRELLNASDAQ Global Select Market Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject tosuch filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting companyor an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Accelerated Filer☒Smaller Reporting Company☒ Large Accelerated FilerNon-Accelerated FilerEmerging Growth Company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒No As of January 5, 2026, there were 12,481,251 outstanding shares of Common Stock, $0.05 par value and 2,036,671 outstanding shares of Class BCommon Stock, $0.05 par value, which are convertible into Common Stock of the registrant on a share for share basis. TABLE OF CONTENTS Part I.Financial Information Item 1.Financial StatementsConsolidated Balance SheetsUnaudited Consolidated Statements of Comprehensive (Loss) IncomeUnaudited Consolidated Statements of Cash FlowsUnaudited Consolidated Statements of Stockholders’ EquityNotes to Unaudited Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures Part II.Other Information Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsExhibit Index PART I. FINANCIAL INFORMATION Richardson Electronics, Ltd.Consolidated Balance Sheets(in thousands, except per share amounts) Richardson Electronics, Ltd.Unaudited Consolidated Statements of Comprehensive (Loss) Income(in thousands, except per share amounts) Richardson Electronics, Ltd.Unaudited Consolidated Statements of Cash Flows(in thousands) Richardson Electronics, Ltd.Unaudited Consolidated Statements of Stockholders’ Equity(in thousands, except per share amounts) A summary of the stockholders' equity for the three and six months ended November 29, 2025, follows: RICHARDSON ELECTRONICS, LTD.NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS 1. DESCRIPTION OF THE COMPANY Richardson Electronics, Ltd. (the "Company," "we," "our") is a global manufacturer of engineered solutions, green energyproducts, power grid and microwave tubes, and related consumables; power conversion and RF and microwave componentsincludinggreen energy solutions;tubes for diagnostic imaging equipment;and customized display solutions.We havemanufacturing at our facilities located in LaFox, Illinois, Marlborough, Massachusetts, and Donaueschingen, Germany. We serve customers in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical,military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and“engineered solutions” based on our core engineering and manufacturing capabilities. The Company products and services includedesign-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service andrepair. Ou