Filing Flows › Frequency Electronics (FEIM) › Q2 FY26
Frequency Electronics (FEIM) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Dec 15, 2025
Frequency Electronics (FEIM) reported revenue of $17.1M for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and +24% from the quarter before. Operating margin was 10.0%, net earnings $1.8M (10.5% of revenue).
Frequency Electronics, Q2 FY26: revenue $17.1M (+8% year over year), operating margin 10.0%, net earnings $1.8M, operating cash flow −$523K. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.1M | +24% | +8% |
| Gross profit | $6.5M | +29% | -14% |
| Operating profit | $1.7M | +371% | -35% |
| Net earnings | $1.8M | +184% | -32% |
| Operating cash flow | −$523K | -145% | — |
What changed
Revenue was $17.1M in Q2 FY26, up 8% year over year and up 24% from the previous quarter. Government Non Space Revenue was the largest line at 69% of revenue. Government Non Space Revenue added $6.1M year over year (up 104%), 463% of the total change. Satellite Revenue declined 50%.
Gross margin was 38.2%, down 10.0 points from a year earlier. Operating profit was $1.7M, a 10.0% margin (down 6.5 points year over year). Operating profit fell $904K even though revenue rose $1.3M versus a year earlier, so costs grew faster than sales. Operating expenses fell 4% while revenue rose 8%. Net earnings were $1.8M, down 32% year over year. The effective tax rate was -1.8%.
Operating cash flow was −$523K. Non-cash charges added back $433K of depreciation and amortization. Working capital and other items used $2.8M. Capital expenditures of $613K exceeded it, leaving free cash flow of −$1.1M.
Questions
What was Frequency Electronics' revenue in the second quarter fiscal 2026?
Frequency Electronics (FEIM) reported revenue of $17.1M for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and +24% from the quarter before.
Was Frequency Electronics profitable in the second quarter fiscal 2026?
Operating profit was $1.7M (10.0% of revenue) and net earnings $1.8M.