Frequency Electronics posted record Q1 revenue of $23.5 million and a record $129 million backlog, fueled by strong demand in satellite and defense programs and a recent $73 million capital raise.
Frequency Electronics posted record Q1 revenue and raised its long-term outlook, driving positive investor sentiment.
Frequency Electronics reported a record fiscal Q1 2027, with revenue climbing 70% year-over-year to $23.5 million. Driven by robust demand in satellite and defense sectors, the company's funded backlog reached a record $129 million, positioning it to potentially exceed its $150 million annual revenue target ahead of the 2029 fiscal deadline.
Growth is primarily driven by increased demand for satellite, U.S. government, and defense programs, including missile battery systems and proliferated satellite architectures.