Frequency Electronics Q3 FY2026 net income drops 90% to USD 1.57 million, operating income falls 63% to USD 1.27 million

Reuters

Mar 12

Frequency Electronics Q3 FY2026 net income drops 90% to USD 1.57 million, operating income falls 63% to USD 1.27 million

Frequency Electronics reported fiscal Q3 revenue of USD 16.89 million, down 11%. Fiscal Q3 operating income was USD 1.27 million, down 63%. Fiscal Q3 net income was USD 1.57 million, down 90%, with diluted EPS of USD 0.16. For the fiscal nine months, net income was USD 4 million, down 80%, and revenue was USD 47.83 million. Backlog was USD 83 million at Jan. 31, up 19%, and CEO Tom McClelland said the company recently received two new contracts worth about USD 45 million and had collected more than USD 11 million in cash since Feb. 1.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Frequency Electronics Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603111601PRIMZONEFULLFEED9670287) on March 11, 2026, and is solely responsible for the information contained therein.

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Fiscal Q3 operating income was USD 1.27 million, down 63%. Fiscal Q3 net income was USD 1.57 million, down 90%, with diluted EPS of USD 0.16. For the fiscal nine months, net income was USD 4 million, down 80%, and revenue was USD 47.83 million. Backlog was USD 83 million at Jan. 31, up 19%, and CEO Tom McClelland said the company recently received two new contracts worth about USD 45 million and had collected more than USD 11 million in cash since Feb. 1.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Frequency Electronics Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. 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