Reported Q: Q2 2026 Rev YoY: +13.6% EPS YoY: -28.0% Move: +0.46%
Frequency Electronics Inc
FEIM
$52.47 0.46%
Exchange NASDAQ Sector Technology Industry Communication Equipment
Q2 2026
Published: Dec 15, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for FEIM

Reported

Report Date

Dec 15, 2025

Quarter Q2 2026

Revenue

17.13M

YoY: +13.6%

EPS

0.18

YoY: -28.0%

Market Move

+0.46%

Previous quarter: Q1 2026

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Earnings Highlights

  • Revenue of $17.13M up 13.6% year-over-year
  • EPS of $0.18 decreased by 28% from previous year
  • Gross margin of 38.2%
  • Net income of 1.80M
  • "“Our second quarter performance was very strong across a number of key metrics, as we resumed our revenue uptrend and have numerous proof points to support our belief that this will be a strong multiyear growth period for the company.”" - Thomas McClelland
FEIM
Company FEIM

Executive Summary

Frequency Electronics (FEIM) delivered a solid QQ2 2026 performance characterized by a sequential revenue uptrend and a historically high funded backlog, underscoring a shift toward non-space U.S. DoD programs while maintaining exposure to space/defense growth initiatives. Revenue reached $17.1 million for the quarter, up 24% sequentially, with funded backlog at $82 million at quarter‑end—the highest in company history and implying favorable visibility into the mid‑term. Management emphasized a multi‑year growth trajectory supported by expanding opportunities in quantum sensing, alt‑PNT, proliferated satellites, and defense modernization. While gross margin remained healthy at approximately 38%, mix shifts toward higher engineering content non‑recurring work offered some margin variability. The company cautioned that near‑term results can be non‑linear as funding cycles and program start timelines evolve, but signaled that the current backlog and funded awards point to a continuing up‑tempo trajectory. FEIM also highlighted strategic investments (e.g., Colorado magnetometer/quantum tech efforts) and large anticipated programs (Golden Dome, SHIELD, NTS‑3) that could materially elevate future revenue contribution and market position over the coming years.

Key Performance Indicators

Revenue
Increasing
17.13M
QoQ: 24.00% | YoY: 13.60%
Gross Profit
Decreasing
6.54M
38.16% margin
QoQ: 28.61% | YoY: -2.42%
Operating Income
Decreasing
1.71M
QoQ: 370.88% | YoY: -27.53%
Net Income
Decreasing
1.80M
QoQ: 184.07% | YoY: -25.88%
EPS
Decreasing
0.18
QoQ: 176.07% | YoY: -28.00%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2026 17.13 0.18 +13.6% View
Q1 2026 13.81 0.07 -11.3% View
Q3 2025 18.93 1.60 +38.0% View
Q2 2025 15.82 0.28 +16.5% View
Q1 2025 15.08 0.25 +21.5% View