Frequency Electronics reports Q2 EPS 18c vs. 28c last year

Reports Q2 revenue $17.13M vs. $15.82M last year. FEI President and CEO, Tom McClelland commented, “Our second quarter fiscal year 2026 performance was strong by a number of measures, with revenue of $17.1 million, and a record $81.7 million funded backlog. Revenue is up 24%, quarter over quarter, and represents the third highest quarterly revenue in the last decade. As we reported last quarter, Q1 results were impacted by customer induced delays on several programs. As anticipated, those delays are behind us, as evidenced by the Q2 financials. During Q2 we did experience delays in getting under contract on several programs due to the government shutdown; however, we expect any impact from this to be reversed in Q3 and Q4. All of which leads to optimism going forward.”