Filing Flows › Frequency Electronics (FEIM) › Q1 FY27
Frequency Electronics (FEIM) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 14, 2026
Frequency Electronics (FEIM) reported revenue of $23.5M for the first quarter fiscal 2027 (Q1 FY27), +70% from a year earlier and +52% from the quarter before. Operating margin was 22.2%, net earnings $4.2M (18.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.5M | +52% | +70% |
| Gross profit | $10.8M | 71× | +112% |
| Operating profit | $5.2M | — | 14× |
| Net earnings | $4.2M | — | +565% |
| Operating cash flow | $2.6M | +27% | +126% |
| Free cash flow | $1.8M | +22% | +362% |
What changed
Revenue was $23.5M in Q1 FY27, up 70% year over year and up 52% from the previous quarter. Satellite Revenue was the largest line at 50% of revenue. Satellite Revenue added $5.3M year over year (up 81%), 55% of the total change.
Gross margin was 45.8%, up 9.0 points from Q1 FY26. Operating profit was $5.2M, a 22.2% margin (up 19.5 points year over year). Of the extra revenue versus Q1 FY26, 50% reached operating profit, above the 3% margin then. Operating expenses grew 18% against revenue growth of 70%. The fastest-growing cost line was Research & development (+28%). Net earnings were $4.2M, up 565% year over year. The effective tax rate was 19.6%.
Operating cash flow was $2.6M (up 126% year over year), 62% of net earnings. Non-cash charges added back $287K of depreciation and amortization. Working capital and other items used $1.9M. Capital expenditures of $844K left free cash flow of $1.8M.
Questions
What was Frequency Electronics' revenue in the first quarter fiscal 2027?
Frequency Electronics (FEIM) reported revenue of $23.5M for the first quarter fiscal 2027 (Q1 FY27), +70% from a year earlier and +52% from the quarter before.
Was Frequency Electronics profitable in the first quarter fiscal 2027?
Operating profit was $5.2M (22.2% of revenue) and net earnings $4.2M.