Filing Flows › Frequency Electronics (FEIM) › Q3 FY26
Frequency Electronics (FEIM) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 17, 2026
Frequency Electronics (FEIM) reported revenue of $16.9M for the third quarter fiscal 2026 (Q3 FY26), -11% from a year earlier and -1% from the quarter before. Operating margin was 7.5%, net earnings $1.6M (9.3% of revenue).
Frequency Electronics, Q3 FY26: revenue $16.9M (-11% year over year), operating margin 7.5%, net earnings $1.6M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.9M | -1% | -11% |
| Gross profit | $6.6M | +1% | -20% |
| Operating profit | $1.3M | -26% | -63% |
| Net earnings | $1.6M | -13% | -90% |
| Operating cash flow | −$1.4M | — | — |
What changed
Revenue was $16.9M in Q3 FY26, down 11% year over year and down 1% from the previous quarter. Government Non Space Revenue was the largest line at 74% of revenue. Satellite Revenue lost $7.0M year over year (down 62%), 342% of the total change.
Gross margin was 39.2%, down 4.5 points from Q3 FY25. Operating profit was $1.3M, a 7.5% margin (down 10.8 points year over year). Operating expenses grew 11% against a revenue fall of 11%. The fastest-growing cost line was Research & development (+23%). Net earnings were $1.6M, down 90% year over year. The effective tax rate was -8.8%.
Operating cash flow was −$1.4M. Non-cash charges added back $512K of depreciation and amortization. Working capital and other items used $3.5M. Capital expenditures of $865K exceeded it, leaving free cash flow of −$2.3M.
Questions
What was Frequency Electronics' revenue in the third quarter fiscal 2026?
Frequency Electronics (FEIM) reported revenue of $16.9M for the third quarter fiscal 2026 (Q3 FY26), -11% from a year earlier and -1% from the quarter before.
Was Frequency Electronics profitable in the third quarter fiscal 2026?
Operating profit was $1.3M (7.5% of revenue) and net earnings $1.6M.