Filing Flows › Frequency Electronics (FEIM) › Q1 FY27 › vs Q4 FY26
Frequency Electronics (FEIM) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Frequency Electronics's revenue rose $8.1M (+52%) from $15.4M in Q4 FY26 to $23.5M in Q1 FY27. The biggest changes: Government Non Space Revenue +$4.3M (+63%); Satellite Revenue +$4.1M (+53%); Other Commercial Industrial Revenue −$303K (-33%). Gross margin 45.8% against 1.0% (+44.9 pts).
Frequency Electronics, Q1 FY27: revenue $23.5M (+70% year over year), operating margin 22.2%, net earnings $4.2M, operating cash flow $2.6M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 45.8% | 1.0% | +44.9 pts |
| Operating margin | 22.2% | -41.2% | +63.4 pts |
| Net margin | 18.0% | -31.9% | +49.8 pts |
| Free cash flow margin | 7.6% | 9.5% | -1.9 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Satellite Revenue | $11.8M | $7.7M | $4.1M | +53% |
| Government Non Space Revenue | $11.1M | $6.8M | $4.3M | +63% |
| Other Commercial Industrial Revenue | $605K | $908K | −$303K | -33% |
| Revenue | $23.5M | $15.4M | $8.1M | +52% |
| Gross profit | $10.8M | $152K | $10.6M | 71× |
| Cost of revenue | $12.7M | $15.2M | −$2.5M | -17% |
| Operating profit | $5.2M | −$6.3M | $11.6M | — |
| Operating expenses | $5.5M | $6.5M | −$952K | -15% |
| Pre-tax earnings | $5.2M | −$6.7M | $11.9M | — |
| Research & development | $1.4M | $1.9M | −$454K | -24% |
| SG&A | $4.1M | $4.6M | −$498K | -11% |
| Net earnings | $4.2M | −$4.9M | $9.1M | — |
| Income tax | $1.0M | −$1.8M | $2.8M | — |
| Depreciation & amortization | $287K | $479K | −$192K | -40% |
| Working capital & other | $1.9M | −$6.5M | $8.4M | — |
| Operating cash flow | $2.6M | $2.1M | $561K | +27% |
| Free cash flow (OCF − capex) | $1.8M | $1.5M | $322K | +22% |
| Capital expenditures | $844K | $605K | $239K | +40% |
Questions
How much did Frequency Electronics's revenue grow quarter over quarter in Q1 FY27?
Frequency Electronics's revenue rose $8.1M (+52%) from $15.4M in Q4 FY26 to $23.5M in Q1 FY27.
What drove Frequency Electronics's revenue change in Q1 FY27?
Government Non Space Revenue +$4.3M (+63%); Satellite Revenue +$4.1M (+53%); Other Commercial Industrial Revenue −$303K (-33%).