The contract awards and record backlog confirm a growth trajectory, with FY2027 expected to show revenue acceleration as backlog converts. Monitor the Q4 FY2026 earnings call this summer for further details on revenue timing and margin profile. The space-defense contract opens a new addressable market, which could drive additional follow-on awards.
Price Chart
Executive Summary
Frequency Electronics announced ~$16M in new U.S. Government contracts, including its first space-defense award, and reported a record backlog exceeding $100M at fiscal year-end. The company reiterated its long-term revenue target of at least $150M within three years, signaling a growth inflection as backlog converts to revenue in FY2027.
Key Financial Metrics
Key Facts
- New contracts total approximately $16 million for oscillators and timing systems for U.S. Government programs.
- One contract marks FEI's entry into space defense, expanding beyond traditional defense and space domains.
- Backlog at April 30, 2026 exceeded $100 million for the first time.
- Company reiterated long-term revenue guide of at least $150 million within three years.
- Fiscal 2026 described as a 'year of digestion' with revenue pull-forward into FY2025, but backlog growth positions FY2027 for revenue growth.
Financial Impact
~$16M in new contracts; backlog >$100M (record); reiterated $150M revenue target within 3 years
Risk Factors
- Execution risk in converting backlog to revenue on expected timeline.
- Dependence on U.S. Government contracts, which are subject to budget cycles and political changes.
- Forward-looking revenue guidance of $150M within three years is aspirational and may not materialize if contract wins slow.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3302357 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $61.60 $64.18 | ▲ +4.19% | ▲ +4.71% | $69.24 (+12.40%) |
Oct 21, 2026 5d ago | Press Release | $61.60 $64.18 | ▲ +4.19% | ▲ +4.71% | $69.24 (+12.40%) |
Sep 10, 2026 6w ago | Press Release | $88.38 $85.50 | ▼ −3.25% | ▼ −2.81% | $69.24 (−21.65%) |
Sep 3, 2026 7w ago | Press Release | $60.67 | awaiting T+1 | — | $69.24 (+14.13%) |
Jul 28, 2026 12w ago | Press Release | $57.69 $59.89 | ▼ −3.81% | ▼ −2.14% | $69.24 (−20.02%) |
Jul 22, 2026 13w ago | EFFECT | $72.39 $73.24 | ▲ +1.17% | ▲ +2.41% | $69.24 (−4.35%) |
Jul 17, 2026 14w ago | S-3 | $66.72 $79.85 | ▲ +19.67% | ▲ +18.84% | $69.24 (+3.78%) |
Jun 12, 2026 19w ago | 8-K | $74.31 $70.15 | ▼ −5.60% | ▼ −5.00% | $69.24 (−6.82%) |
May 27, 2026 21w ago | Press Release | $75.60 $75.88 | ▲ +0.37% | ▲ +0.13% | $69.24 (−8.41%) |
Mar 11, 2026 32w ago | Press Release | $46.66 $48.11 | ▲ +3.11% | ▲ +3.71% | $69.24 (+48.39%) |
US Market Status
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