Frequency Electronics Reports $23.5 Million Record Revenue in Q1 2027
Frequency Electronics announced first quarter fiscal 2027 revenue of $23.5 million, a 70% year-over-year increase, while its funded backlog reached a record $129 million.
Frequency Electronics, Inc., traded on NASDAQ-FEIM, reported financial results for the first quarter of fiscal year 2026 on September 10. The company stated quarterly revenue totaled $23.5 million, marking an all-time high and representing a 70% increase compared to the prior year and a 52% rise compared to the previous quarter. CEO Tom McClelland noted this performance validates the return to growth previously anticipated for the fiscal year starting July 2026. The leadership also highlighted growing confidence in achieving annual revenue targets of $150 million or more expected by April 30, 2029. Supporting this momentum, the firm reported a funded backlog of $129 million at the end of the quarter, which is an 82% increase year-over-year and a 16% rise sequentially. Operating margins remained strong, staying above 22%. The company attributed this expansion to expanding end-markets and a larger order book.
