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RF Industries Reports Third Quarter Fiscal Year 2026 Financial Results
SAN DIEGO, CA /ACCESS Newswire/ September 14, 2026 / RF Industries, Ltd. (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced financial results for the third quarter of fiscal year 2026 ended July 31, 2026.
Third Quarter Fiscal 2026 Highlights and Operating Results:
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Net sales were a record $23.96 million, a 21% increase from $19.8 million in the prior year period and a 16% increase from $20.7 million in the second quarter of fiscal 2026.
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Backlog of $18.6 million at quarter end on third quarter bookings of $22.5 million. As of today, the backlog stands at $19.8 million.
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Gross profit margin was 35.6%, a 160-basis point improvement from 34% in the prior year period.
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Operating income was $1.8 million, an improvement of $1.1 million from operating income of $720,000 in the prior year period.
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Consolidated net income was $1.44 million, or $0.12 per diluted share, a 267% increase from $392,000, or $0.04 per diluted share in the prior year period.
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Non-GAAP net income was $2.2 million, or $0.19 per diluted share, compared to non-GAAP net income of $1.1 million, or $0.10 per diluted share, in the third quarter of fiscal 2025.
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Adjusted EBITDA was $2.7 million, up from $1.6 million in the prior year period.
See “Note Regarding Use of Non-GAAP Financial Measures,” “Unaudited Reconciliation of GAAP to non-GAAP Net Income,” “Unaudited Reconciliation of Net Income (Loss) to Adjusted EBITDA” and the description of bookings and backlog below for additional information.
“The RFI team delivered another quarter of accelerating topline growth by converting stronger demand into expanding margins and dramatically higher profitability, as well as demonstrating the earnings power of the business as revenue scales above the $20 million quarterly run rate,” said Robert Dawson, Chief Executive Officer of RF Industries. “Our third quarter results reflect the operating leverage story that we have discussed for the last couple of years, which is now yielding continued growth at every level of the income statement. Revenue grew 21% to a record $24 million while margins improved 160 basis points to 35.6%, operating income increased over 150% to $1.8 million and Adjusted EBITDA expanded 69% to $2.7 million year-over-year.”
“Our steady margin expansion is a direct result of successfully executing a multi-year mix shift toward higher-value solutions, including our custom cabling and integrated systems offerings. These solutions have more engineering content, larger project scope, and engender stronger customer relationships than traditional component sales. Our strategy to offer higher-value, differentiated products and solutions with broad applications has also diversified our end markets considerably. RFI now serves fast growing markets such as aerospace, edge data centers, AI infrastructure, transportation, and public safety. While the wireless carrier ecosystem will always be very important to us, we have materially reduced our historical reliance on the cyclical carrier capex spending through product innovation, strategic diversification, and go-to-market execution,” concluded Dawson.
