)
Visual
test
Frequency Electronics
Frequency Electronics (FEIM) investor relations material
Frequency Electronics Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary11 Dec, 2025
Executive summary
Q2 FY2026 revenue was $17.1 million, up 24% sequentially and 8.3% year-over-year, among the top three quarters in the past decade.
Net income for Q2 was $1.8 million ($0.18/share), down from $2.7 million ($0.28/share) year-over-year; six-month net income was $2.4 million ($0.25/share), down from $5.1 million ($0.53/share).
Operating income for Q2 was $1.7 million, down from $2.6 million year-over-year, with six-month operating income at $2.1 million, down from $5.0 million.
Backlog reached a record $82 million at October 31, 2025, up from $70 million at April 30, 2025, with expectations to surpass $100 million in the near future.
Growth is driven by core business and emerging opportunities in quantum sensing, proliferated satellites, and ALT-PNT programs.
Financial highlights
Gross margin for Q2 was 38.2% ($6.5 million), down from 48.2% ($7.6 million) year-over-year; six-month gross margin was $11.6 million, down from $14.3 million.
SG&A expenses increased 6.9% for the quarter, driven by payroll, stock-based compensation, and investments in growth.
R&D expense decreased to $1.2 million (7% of revenue) from $1.6 million (10% of revenue) year-over-year, with a 25.7% quarterly and 24.8% six-month decline.
Cash and cash equivalents at quarter-end were $3.0 million, with working capital of $31.3 million and a current ratio of 2.6.
Net cash provided by operating activities was $0.6 million for six months, down from $2.4 million prior year.
Outlook and guidance
Management expects continued multi-year growth, with new contract awards anticipated in the coming months and 69% of backlog to be realized in the next twelve months.
Margins are expected to normalize as program requirements are resolved and new contracts begin.
TURbO product line is projected to generate a few million dollars in the near term and up to $20 million in future years.
Anticipates significant backlog growth in both non-space defense and space sectors.
Expects Q3 and Q4 to benefit from reversal of government shutdown delays.
Explain the significant H1 gross margin percentage drop.
What specific milestones for 3-5 year growth initiatives?
How to improve cash from operations despite backlog?
Drivers for gross margin normalization
Colorado quantum tech: near-term commercialization
Anticipated backlog shift: space vs. non-space defense
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 6 FebPECO
2026 FFO per share growth guided at 5.5% with record occupancy and robust acquisitions. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRINet loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high.
- 6 FebCRINet loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway.
- 6 FebEMBASSY
Record revenue, NOI, and distributions highlight strong growth and robust segment performance. - 6 FebCRIRevenue fell and losses deepened, but ESA contracts and R&D projects drive future prospects.
- 6 FebNVDA
AI-driven digital twins and real-time simulation will transform engineering and manufacturing. - 6 FebTUPRS
Net income reached TRY 29.5 billion, with strong dividends and a robust net cash position. - 6 FebCPT
2025 results beat guidance; Sun Belt focus, asset sales, and share buybacks drive 2026 strategy. - 6 FebCRIH1 2025 saw a return to profit, record revenues, and strong cash from major space projects.
Next Frequency Electronics earnings date
Q3 202612 Mar, 2026
Frequency Electronics
Next Frequency Electronics earnings date
Q3 202612 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Frequency Electronics, Inc. designs, develops, and manufactures precision time and frequency control products used in advanced communication systems. The company’s products, including atomic clocks, oscillators, and synthesizers, are utilized in applications such as satellite systems, ground-based communications, and defense systems. Frequency Electronics serves industries including aerospace, telecommunications, and national security. Its solutions support critical infrastructure where accurate timing and frequency are essential. The company is headquartered in Mitchel Field, New York, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage