Frequency Electronics shares fell 9.4% after reporting fourth-quarter 2026 revenue of $15.4 million, missing analyst expectations of $18.6 million. The company posted a diluted loss per share of negative $0.50 compared to earnings of $0.33 in the prior-year quarter, while full-year fiscal 2026 revenue declined to $63.2 million from $69.8 million. CEO Tom McClelland described fiscal 2026 as a year of digestion with some revenue pulled forward. Despite the miss, backlog rose 59% year over year to $111 million, and management set targets for a minimum gross margin of 50% and minimum operating margin of 30% by fiscal 2029.
Frequency Electronics IncQ4 revenue missed expectations and EPS swung to a loss, causing a 9.4% share price decline.