Frequency Electronics, Inc. reported first-quarter fiscal 2027 results for the period ended July 31, 2026, announcing record revenue of $23.5 million, a 70% year-over-year increase from $13.8 million. Net income rose to $4.2 million, or $0.41 per diluted share, compared to $0.6 million previously. Operating margin exceeded 22%, and funded backlog reached a record $129 million, up 82% year-over-year. The company completed a secondary offering during the quarter that added approximately $73 million in cash. Frequency Electronics, Inc. operates in the defense and aerospace industry, providing precision time and frequency generation technology for satellites and C4ISR systems.
