FREQUENCY ELECTRONICS (FEIM) Company Report

Frequency Electronics, Inc. (FEI) announced a follow-on award of several contracts from a major aerospace company for precision "g" (acceleration) compensated Oven-controlled Quartz Oscillators (OCXO).
The contracts are valued at approximately $6 million.
These precision oscillators are intended for ultimate application in US Government software-defined radio systems, specifically the Link 16 system.
FEI anticipates follow-on contracts for additional units valued at over $2 million within three months.

Jan 27, 2026, 2:28 PM

Press Release

FEI-Zyfer Announces Contract Awards

FEIM

New Projects/Investments

FEI-Zyfer, Inc., a wholly-owned subsidiary of Frequency Electronics, Inc. (FEIM), announced the receipt of contracts totaling approximately $6.0 million on January 12, 2026.
These contracts are for core business areas in Assured-PNT (Position Navigation and Timing) for secure communications systems and for time, frequency, and synchronization distribution systems supporting airborne avionics equipment.
Tom McClelland, President and CEO, stated that these awards reflect the growing demand for data-intensive secure information exchange in support of current military and enforcement operations.

Jan 12, 2026, 2:00 PM

Press Release

Frequency Electronics Reports Strong Q2 2026 Revenue and Record Backlog

FEIM

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Frequency Electronics reported Q2 2026 consolidated revenue of $17.1 million, a 24% sequential increase, and achieved a record quarter-end backlog of $82 million as of October 2025, up 17% since April.
Net income for Q2 2026 was $1.8 million, or $0.18 per share, a decrease from the prior year, attributed to lower gross margins resulting from a program mix shift towards lower-margin non-recurring engineering efforts.
The revenue mix saw a significant increase in non-space U.S. government and Department of Defense customers, contributing $11.9 million (69%) of consolidated revenue, compared to $4.6 million (27%) from commercial and U.S. government satellite programs.
The company anticipates a strong multi-year growth period, driven by its core business and emerging opportunities in quantum sensing, proliferated satellites, and alternative PNT programs, supported by increasing defense spending.

Dec 11, 2025, 9:30 PM

Transcript

Frequency Electronics Reports Strong Q2 FY2026 Revenue and Record Backlog

FEIM

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Frequency Electronics reported Q2 FY2026 revenue of $17.1 million, a 24% sequential increase and the third highest quarter in the past decade, compared to $15.8 million in Q2 FY2025.
The company achieved a record-high funded backlog of $82 million at the end of October 2025, an increase of 17% since April 2025, with expectations to reach north of $100 million in the near future.
Net income for Q2 FY2026 was $1.8 million, or $0.18 per share, a decrease from $2.7 million, or $0.28 per share, in Q2 FY2025, primarily due to lower gross margins from a mix of lower-margin programs with significant non-recurring engineering efforts and increased selling and general administrative expenses. The company maintains a strong liquidity position with $31 million in working capital and is debt-free.

Dec 11, 2025, 9:30 PM

Transcript

Frequency Electronics Reports Strong Q2 2026 Results with Record Backlog

FEIM

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Frequency Electronics reported Q2 fiscal year 2026 revenue of $17.1 million, a 24% sequential increase, marking the third highest quarter of revenue in the past decade.
The company achieved a record-high backlog of $82 million at the end of October 2025, representing a 17% increase since fiscal year-end in April, with expectations to potentially exceed $100 million in the near future.
Net income for Q2 fiscal year 2026 was $1.8 million, or $0.18 per share.
Revenue composition for Q2 2026 included $11.9 million (69%) from non-space U.S. government and Department of Defense customers, and $4.6 million (27%) from commercial and U.S. government satellite programs.
The company maintains a strong financial position with $31 million in working capital, a 2.6-1 current ratio, and is debt-free. Management anticipates a strong multi-year growth period, driven by existing business and new opportunities in quantum sensing, proliferated satellites, and alternative PNT programs.

Dec 11, 2025, 9:30 PM

Transcript

Frequency Electronics, Inc. Announces Second Quarter and Fiscal Year 2026 Financial Results

FEIM

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Frequency Electronics, Inc. reported revenue of $17.1 million for the second quarter of fiscal year 2026, representing a 24% increase quarter-over-quarter, and $30.9 million for the six months ended October 31, 2025.
Net income from operations for Q2 FY2026 was $1.8 million or $0.18 per diluted share, compared to $2.7 million or $0.28 per diluted share for the same period in the previous fiscal year.
The company's backlog reached a record $82 million as of October 31, 2025, an increase from $70 million at April 30, 2025.
CEO Tom McClelland noted that Q1 delays are now resolved and expressed optimism for future growth, anticipating significant contract awards and pursuing new opportunities in quantum sensing and proliferated satellite applications.

Dec 11, 2025, 9:15 PM

8-K

Frequency Electronics, Inc. Announces Second Quarter and Fiscal Year 2026 Financial Results

FEIM

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Frequency Electronics, Inc. reported revenue of $17.1 million for the second quarter ended October 31, 2025, an increase from $15.8 million in the same period of fiscal year 2025. For the six months ended October 31, 2025, revenue was $30.9 million, consistent with the prior year period.
Net income for Q2 FY2026 was $1.8 million, or $0.18 per diluted share, compared to $2.7 million, or $0.28 per diluted share, in Q2 FY2025. For the first six months of fiscal year 2026, net income was $2.4 million, or $0.25 per diluted share, down from $5.1 million, or $0.53 per diluted share, in the prior year period.
The company's backlog reached approximately $82 million as of October 31, 2025, an increase from $70 million at April 30, 2025.
CEO Tom McClelland highlighted strong Q2 performance with revenue up 24% quarter-over-quarter and a record backlog, anticipating multiple large awards and future growth opportunities in core technologies and new areas like quantum sensing.

Dec 11, 2025, 9:03 PM

Press Release

Frequency Electronics Reports Q1 2026 Results with Revenue Decline Attributed to Delays

FEIM

Earnings

Share Buyback

New Projects/Investments

Frequency Electronics reported Q1 fiscal year 2026 consolidated revenue of $13.8 million and net income of $634,000, or $0.07 per share, a decrease compared to the prior fiscal year.
The decrease in revenue was primarily due to customer-driven program delays, but this revenue is expected to be recognized in upcoming quarters, predominantly within the current fiscal year.
The company's funded backlog remained strong at approximately $71 million at the end of July 2025, slightly up from $70 million at the end of April 2025.
Frequency Electronics announced a $20 million authorization for the repurchase of shares and maintains a debt-free balance sheet with $30 million in working capital as of July 31, 2025.
Strategic investments include opening an engineering facility in Boulder, Colorado, to support quantum sensing and ongoing programs, with anticipated positive contribution to the bottom line by the third quarter of this fiscal year.

Sep 11, 2025, 8:30 PM

Transcript

Frequency Electronics Reports Q1 Fiscal 2026 Results and Announces Share Repurchase Authorization

FEIM

Earnings

Share Buyback

New Projects/Investments

Frequency Electronics reported Q1 fiscal year 2026 consolidated revenue of $13.8 million, with net income of $634,000, or $0.07 per share, a decrease from the prior year. This decline was primarily attributed to customer-driven program delays, which are not expected to result in overall program revenue reductions, with the shortfall anticipated to be made up in upcoming quarters.
The company's funded backlog remained strong at approximately $71 million at the end of July 2025.
FEIM announced a $20 million authorization for the repurchase of shares.
The company is investing in future growth, including opening a new engineering facility in Boulder, Colorado, focused on quantum sensing, and is developing prototypes for the Mercury Ion atomic clock and Envi Diamond magnetometer.

Sep 11, 2025, 8:30 PM

Transcript

Frequency Electronics Reports Q1 2026 Results

FEIM

Earnings

Share Buyback

New Projects/Investments

Frequency Electronics reported consolidated revenue of $13.8 million for the three months ending July 31, 2025 (Q1 FY2026), down from $15.1 million in the same period of the prior fiscal year. Consolidated net income for Q1 FY2026 was $634,000, or $0.07 per share, compared to $2.4 million, or $0.25 per share, in the prior year period.
The decrease in revenue was primarily due to customer-driven delays on key programs, which are not expected to result in overall program revenue reductions and are anticipated to be recovered in upcoming quarters, predominantly within the current fiscal year.
The company's fully funded backlog remained strong at approximately $71 million at the end of July 2025, compared to $70 million at April 30, 2025. Frequency Electronics also maintains a debt-free balance sheet with a strong working capital position of approximately $30 million.
The company announced a $20 million authorization for the repurchase of shares and is investing in future growth, including opening an engineering facility in Boulder, Colorado, for quantum sensing, which is expected to contribute positively to the bottom line by Q3 FY2026.