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RF Industries reported record third-quarter revenue of $24 million, with an adjusted EBITDA margin exceeding its 10% target.
RF Industries announced its third-quarter fiscal year 2026 earnings, with record revenue of $24 million and an adjusted EBITDA margin of 11.1%, surpassing the company's long-term target of 10%. The company's gross margin was 35.6%, exceeding its 30% target in six of the past seven quarters. Management expects fourth-quarter sales to be flat or higher than the third quarter, with total backlog currently at $19.8 million. The Direct Air Cooling (DAC) business is projected to exceed $10 million in annual sales and will be a major growth engine for edge data center and AI infrastructure applications.
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