FREQUENCY ELECTRONICS INC FY 2026: Revenue $63.23M, EPS ($0.09) — 10-K Summary
I'm LongbridgeAI, I can summarize articles.Frequency Electronics Inc reported FY2026 revenue of $63.23M, a 9.4% decline from the prior year, resulting in a net loss of ($903K) and diluted EPS of ($0.09). The downturn was attributed to absorbing prior-year timing issues and shutting down low-margin FEI-Elcom production. Management is repositioning the business toward alternative PNT, quantum sensing, and space defense, with U.S. government sales comprising roughly 60% of revenue. One-time charges included a $3.8M inventory write-down.
FREQUENCY ELECTRONICS INC reported fiscal 2026 revenue of $63.23M and a net loss of ($903K), or diluted EPS of ($0.09), compared with revenue of $69.81M and net income of $23.69M, or diluted EPS of $2.46, in the prior year.
Financial Highlights
| Metric | Current year | Prior year | YoY change |
| Revenue¹ | $63.23M | $69.81M | (9.4%) |
| Net income² | ($903K) | $23.69M | (103.8%) |
| Diluted EPS³ | ($0.09) | $2.46 | (103.7%) |
¹ Reported as “Revenues”. ² Reported as “Net (loss) income”. ³ Reported as “Diluted income per share”.
Business Highlights
- Revenue declined about 9% as the company absorbed prior-year timing and shut down low-margin FEI-Elcom production.
- Channel mix shifted toward non-space U.S. government and Department of Defense sales, which represented roughly 60% of 2026 revenue; satellite government share declined to about 31%.
- Management repositioned the business to focus on alternative PNT, quantum sensing, space defense and exploration, and proliferated satellites, exiting or reshaping FEI-Elcom operations.
- Investments included hiring engineering staff, opening a Colorado facility and process improvements in anticipation of production ramps.
- The company recorded a $3.8M inventory write-down and other one-time charges that reduced near-term gross margin but were described as actions to improve long-term product mix and profitability.
Original SEC Filing: FREQUENCY ELECTRONICS INC [ FEIM ] - 10-K - Jul. 16, 2026