Filing Flows › Frequency Electronics (FEIM) › Q4 FY26 › vs Q3 FY26
Frequency Electronics (FEIM) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Frequency Electronics's revenue fell $1.5M (-9%) from $16.9M in Q3 FY26 to $15.4M in Q4 FY26. The biggest changes: Government Non Space Revenue −$5.7M (-46%); Satellite Revenue +$3.5M (+82%); Other Commercial Industrial Revenue +$728K (+404%).
Frequency Electronics, Q4 FY26: revenue $15.4M (-23% year over year), operating margin -41.2%, net loss $4.9M, operating cash flow $2.1M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 9.5% | -13.5% | +23.0 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Satellite Revenue | $7.7M | $4.2M | $3.5M | +82% |
| Government Non Space Revenue | $6.8M | $12.5M | −$5.7M | -46% |
| Other Commercial Industrial Revenue | $908K | $180K | $728K | +404% |
| Revenue | $15.4M | $16.9M | −$1.5M | -9% |
| Income tax benefit | $1.8M | $127K | $1.6M | 14× |
| Net loss | $4.9M | −$1.6M | $6.5M | — |
| Costs & expenses | $22.1M | $17.2M | $4.9M | +28% |
| Operating costs | $21.7M | $15.6M | $6.1M | +39% |
| Interest & other, net | $325K | −$170K | $495K | — |
| Cost of revenue | $15.2M | $10.3M | $5.0M | +49% |
| Research & development | $1.9M | $1.8M | $136K | +8% |
| SG&A | $4.6M | $3.6M | $1.0M | +28% |
| Operating cash sources | $7.0M | −$3.0M | $9.9M | — |
| Depreciation & amortization | $479K | $512K | −$33K | -6% |
| Working capital & other | $6.5M | −$3.5M | $10.0M | — |
| Net loss absorbed | $4.9M | −$1.6M | $6.5M | — |
| Operating cash flow | $2.1M | −$1.4M | $3.5M | — |
| Free cash flow (OCF − capex) | $1.5M | −$2.3M | $3.7M | — |
| Capital expenditures | $605K | $865K | −$260K | -30% |
Questions
How much did Frequency Electronics's revenue grow quarter over quarter in Q4 FY26?
Frequency Electronics's revenue fell $1.5M (-9%) from $16.9M in Q3 FY26 to $15.4M in Q4 FY26.
What drove Frequency Electronics's revenue change in Q4 FY26?
Government Non Space Revenue −$5.7M (-46%); Satellite Revenue +$3.5M (+82%); Other Commercial Industrial Revenue +$728K (+404%).