RF Industries delivered record performance for the third quarter 2026, driven by a successful strategic mix shift toward higher-value solutions and a 21% increase in net sales. The results highlight significant operating leverage as the company scales its revenue run rate above $20 million per quarter.
Key Highlights
- Net sales reached a record $23.96 million, a 21% year-over-year increase that exceeded analyst estimates of $21.5 million.
- Non-GAAP diluted EPS of $0.19 surpassed expectations of $0.18, representing a 90% increase from the prior year's $0.10.
- Gross profit margin improved by 160 basis points to 35.6%, resulting from a multi-year shift toward custom cabling and integrated systems.
- Total order backlog stood at $18.6 million at quarter-end on third quarter bookings of $22.5 million, though it has since grown to $19.8 million as of mid-September.