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Frequency Electronics, Inc. (FEIM) reported a net income of 18 cents per share for the second quarter of fiscal 2026, down 35.7% from 28 cents per share in the previous year. The company’s revenues rose to $17.1 million, an 8.3% increase from $15.8 million year-over-year. Following these results, FEIM’s shares have surged 29.2%, notably outperforming the S&P 500, which dropped 1.2% during the same period.
The company’s operating income fell to $1.7 million from $2.6 million a year earlier, while net cash from operations dropped to $0.6 million from $2.4 million. Despite these challenges, FEIM’s backlog increased to approximately $82 million, a 17.1% rise since April 2025. Management expects multiple new contract wins in the near term, driven by confidence in core technologies.
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