IEH Corp Reports Record Q1 FY2027: Revenue Surges 59% to $10M, Backlog Hits $40M

summarizeSummary

IEH Corp posted record Q1 FY2027 results: revenue up 59% to $10M, net income of $654K, and a $40M backlog. The company swung to profitability with its highest gross margins in five years.

check_boxKey Events · Earnings and Guidance · IEHC

• Record Revenue and Profitability

  Q1 FY2027 revenue reached $10.02 million, a 59% increase year-over-year, with net income of $654,466 ($0.26 per share) compared to a net loss of $654,618 ($0.27 per share) in the prior-year quarter.

• Backlog Hits All-Time High

  Backlog surged to nearly $40 million, the highest in company history, driven by strong demand in defense, aerospace, space, and medical markets.

• Margin Expansion

  Gross margins nearly doubled from the same quarter last year, reaching the highest level in five years, aided by stabilized gold prices and prior price increases.

• Operational Turnaround

  Operating income improved by $1.42 million, swinging from an operating loss of $755,306 to a profit of $664,802, reflecting both revenue growth and cost discipline.

auto_awesomeAnalysis · IEHC · Manufacturing

IEH Corp delivered its strongest quarter ever, with revenue jumping 59% to $10.02 million and swinging to a $0.26 per-share profit from a year-ago loss. Gross margins nearly doubled, and the backlog reached an all-time high of nearly $40 million, signaling sustained demand from defense and aerospace customers. The results validate the company's turnaround and suggest the recent cybersecurity incident has not derailed operations. With the stock near its 52-week high, this report reinforces the bullish thesis but also raises the bar for future execution.