Filing Flows › Frequency Electronics (FEIM) › Q1 FY26
Frequency Electronics (FEIM) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 15, 2025
Frequency Electronics (FEIM) reported revenue of $13.8M for the first quarter fiscal 2026 (Q1 FY26), -8% from a year earlier and -31% from the quarter before. Operating margin was 2.6%, net earnings $634K (4.6% of revenue).
Frequency Electronics, Q1 FY26: revenue $13.8M (-8% year over year), operating margin 2.6%, net earnings $634K, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.8M | -31% | -8% |
| Gross profit | $5.1M | -32% | -24% |
| Operating profit | $364K | -89% | -85% |
| Net earnings | $634K | -80% | -74% |
| Operating cash flow | $1.2M | — | — |
| Free cash flow | $385K | — | — |
What changed
Revenue was $13.8M in Q1 FY26, down 8% year over year and down 31% from the previous quarter. Government Non Space Revenue was the largest line at 50% of revenue. Satellite Revenue lost $1.7M year over year (down 21%), 138% of the total change.
Gross margin was 36.8%, down 7.6 points from a year earlier. Operating profit was $364K, a 2.6% margin (down 13.1 points year over year). Operating expenses grew 9% against a revenue fall of 8%. The fastest-growing cost line was SG&A (+26%). Net earnings were $634K, down 74% year over year. The effective tax rate was -13.8%. Non-operating items added $193K, 35% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.2M, 183% of net earnings. Non-cash charges added back $470K of depreciation and amortization. Capital expenditures of $776K left free cash flow of $385K.
Questions
What was Frequency Electronics' revenue in the first quarter fiscal 2026?
Frequency Electronics (FEIM) reported revenue of $13.8M for the first quarter fiscal 2026 (Q1 FY26), -8% from a year earlier and -31% from the quarter before.
Was Frequency Electronics profitable in the first quarter fiscal 2026?
Operating profit was $364K (2.6% of revenue) and net earnings $634K.