Reishi? It could be Ganoderma lucidum (Reishi and prized by herbalists) or a Fomitopsis pinicola (Red-banded Polypore and also reported to have medicinal properties)…I’ll have to go back later in the season after it is more fully developed. A more informed mushroomer may know right away, but I am not as sure.
They are so cute when they’re young. 🙂