Frequency Electronics Posts Record Q1 Revenue of $23.5M, Backlog Hits $129M
FEIM has more than doubled off its 52-week low of $26.05.
Summary
Frequency Electronics reported record Q1 FY2027 results with revenue up 70% YoY to $23.5M, operating margin above 22%, and funded backlog reaching a record $129M. Cash surged to $61.4M following the secondary offering.
Key Events · Earnings and Guidance · FEIM
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Record Q1 Revenue of $23.5M
Revenue grew 70% year-over-year and 52% sequentially to $23.5 million, an all-time record for the company.
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Record $129M Funded Backlog
Backlog reached $129 million at July 31, 2026, up 82% year-over-year and 16% sequentially from $111 million at April 30, 2026.
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Operating Margin Exceeds 22%
Gross margin expanded to approximately 46% and operating margin exceeded 22%, driving net income of $4.2 million or $0.41 per diluted share.
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Cash Position Transformed
Cash and cash equivalents surged to $61.4 million from $1.6 million at fiscal year-end, driven by the secondary offering that added approximately $73 million in cash.
Analysis · FEIM · Industrial Applications And Services
Frequency Electronics delivered a breakout quarter with record revenue of $23.5 million, up 70% year-over-year, and a record funded backlog of $129 million. Operating margin exceeded 22% and the company generated $3.0 million in operating cash flow. The balance sheet was transformed by the secondary offering, with cash jumping from $1.6 million to $61.4 million. This validates the growth narrative management laid out in July and supports the $150 million annual revenue target for fiscal 2029.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 35.6% of the 1805 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FEIM was trading at $78.00 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $693.7M. The 52-week trading range was $26.05 to $80.60. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.