Richardson Electronics, Ltd. reported net sales of $51.9 million for the fourth quarter of fiscal year 2025, an increase of 9.5% from $47.4 million in the prior year's fourth quarter, marking the fourth consecutive quarter of year-over-year sales growth. For the full fiscal year 2025, net sales grew 6.3% to $208.9 million, up from $196.5 million in fiscal year 2024.
The growth in Q4 was driven by a 17.8% increase in Power and Microwave Technologies (PMT) sales, primarily from semiconductor wafer fab customers, and a 14.1% increase in Green Energy Solutions (GES) sales from wind turbine battery modules. For the full year, GES sales increased by 23.6%, or $5.5 million, leading all segments. The company's gross margin for Q4 was 31.6%, up from 31.1% in the prior year, and 31.0% for the full year, up from 30.5% in fiscal 2024.
Richardson Electronics achieved a GAAP net income of $1.1 million for Q4 FY25, or $0.08 diluted EPS, a significant improvement from a net loss of $0.1 million in the prior year. For the full fiscal year, non-GAAP net income was $3.2 million, or $0.22 diluted EPS, compared to $0.5 million, or $0.03 diluted EPS, in fiscal 2024. The company generated positive operating cash flow for the fifth consecutive quarter and ended the year with $35.9 million in cash and equivalents, with no debt.
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