Frequency Electronics

Q4 FY2026 EarningsFY26 revenue was $63.2M, down 9.4% YoY, primarily due to the strategic restructuring and exit of the FEI-Elcom business. Gross margin contracted to 29.1% from 43.1% YoY, impacted by a $3.8M inventory write-down and front-loaded engineering talent investments. Operating loss was $3.0M compared to $11.7M income in FY25. Despite the GAAP loss, backlog reached a record $111M, up 58.6% YoY, signaling strong future demand in ALT-PNT and quantum sensing markets.