Frequency Electronics hits record Q1 revenue of $23.5 million and a record $129 million backlog, signaling strong momentum for its fiscal 2029 growth targets.
Frequency Electronics reported record Q1 FY2027 revenue, backlog growth, margin expansion, and positive long-term guidance, which is bullish for the stock.
Frequency Electronics (FEIM) posted record fiscal Q1 2027 revenue of $23.5 million, marking a 70% year-over-year increase. The company reported a record backlog of $129 million, up 82% from the prior year, as it continues to scale production for defense and satellite programs. Management reaffirmed its long-term growth targets, supported by a recent $73 million capital raise to expand capacity.
Growth is primarily driven by increased demand in core space and defense markets, including missile battery programs, satellite communications, and new initiatives in quantum sensing and navigation.