Frequency Electronics Backlog Grows

Frequency Electronics(NASDAQ:FEIM) reported first-quarter fiscal 2026 earnings on Sept. 11, 2025, with revenue dropping sharply to $800,000 from $15.1 million in the prior year period due to customer-driven program delays. Despite this, the company maintained a record $71 million funded backlog at quarter-end, launched new quantum sensing initiatives, and authorized a $20 million share repurchase, underscoring resilience, growth investments, and a focus on shareholder returns.The company’s revenue for the three months ending July 31, 2025, fell to $800,000 from $15.1 million year over year, primarily due to externally imposed program delays. Congressional defense appropriations and late customer action contributed to the timing mismatch, but management confirmed that delayed revenue will be recognized later in the fiscal year, and the $71 million backlog at quarter-end reflects sustained customer demand.This temporary revenue dip does not indicate demand erosion or contract loss, but it does increase near-term earnings risk and highlights the importance of timely program execution for margin recovery.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool