Earnings ·
Deswell Industries reported fiscal 2026 results for the year ended March 31, 2026
DSWLDeswell Industries Inc
Deswell Industries reported fiscal 2026 results for the year ended March 31, 2026. Annual net sales decreased 9.3% to $61.3 million, and net income declined to $10.6 million from $11.1 million in fiscal 2025. For the second half of the year, net sales were $28.1 million, a 13.4% decrease year-over-year, with net income of $3.1 million. The company maintains a strong balance sheet with $23.1 million in cash, $86.5 million in working capital, and no debt. The board declared a cash dividend of $0.10 per share and a special cash dividend of $0.20 per share, both payable on July 16, 2026, to shareholders of record as of July 2, 2026. The company operates in the outsourced manufacturing industry, producing injection-molded plastic parts and electronic subassemblies for OEMs.