经济观察网高频电子(FEIM.US)近期值得关注的事件主要围绕其最新财报表现及后续市场反应。以下基 于2026年2月的公开信息整理： 根据经济观察网的报道，高频电子于2026年2月公布了2026财年第二季度财报(截至2025年10月31日)。 财报显示，营收为1712.7万美元，超出市场预期的1687.15万美元，但每股收益为0.18美元，低于市场预 期的0.265美元。这种"营收超预期但盈利不及预期"的组合导致财报后股价下跌5.97%，收盘报46.63美 元，当日振幅达12.62%。近20个交易日累计下跌22.66%，反映弱势趋势延续。 机构观点 财报后机构观点出现分化。2025年12月前，机构给予"买入"或"增持"的比例为100%，而2026年1月至2 月，该比例降至50%，持有观点的机构占比升至50%。目标价均价为53美元，但最低目标价已接近当前 股价水平。 行业政策与环境 高频电子所属的通讯公司板块整体疲软，近期跌幅为0.19%，可能对个股形成拖累。此外，该股在2026 年1月曾出现多次波动(如1月5日上涨5.24%、1月8日上涨5.09%)，但最新走势受财报主导。 以上内容基于公开资料整理，不构成投 ...

Frequency Electronics, Inc. (FEIM) shares have climbed 41.7% in the past six months compared with the industry’s 3.9% growth. The company has outperformed other industry players, including Transcat, Inc. (TRNS) and Badger Meter, Inc. (BMI) . Shares of TRNS and BMI have declined 9.4% and 18.6%, respectively, in the same time frame. Robust defense and aerospace demand, recurring contracts, expanding backlog, and cutting-edge innovations like Rubidium Atomic Clocks drive strong momentum and revenue visibility ...

Core Insights - Frequency Electronics, Inc. has received follow-on contracts valued at approximately $6 million from a major aerospace company for precision "g" compensated Oven-controlled Quartz Oscillators (OCXO) [1] - Additional contracts for over $2 million are anticipated within three months, indicating strong demand for the company's products in government software-defined radio systems [1][2] Company Overview - Frequency Electronics, Inc. is a leader in precision timing and frequency control products for both space and terrestrial applications, with products utilized in various sectors including military, government, and commercial systems [2] - The company has received over 100 awards for excellence in providing high-performance electronic assemblies for more than 150 space and Department of Defense programs [2] - The company emphasizes significant investment in research and development to expand its capabilities and market reach [2]

Company Overview - FEI-Zyfer, Inc., a wholly-owned subsidiary of Frequency Electronics, Inc. (NASDAQ-FEIM), specializes in precision timing and frequency control products, recently securing contracts worth approximately $6.0 million in Assured-PNT for secure communications and synchronization systems in airborne avionics [1][2] - Frequency Electronics, Inc. is recognized as a leader in high precision timing, frequency generation, and RF control products for both space and terrestrial applications, serving various sectors including military, government, and commercial systems [3] Business Performance - The recent contracts highlight the company's role as a trusted supplier in mission-critical areas, reflecting the increasing demand for secure information exchange in military and enforcement operations [2] - The company has received over 100 awards for excellence in providing high-performance electronic assemblies for more than 150 space and Department of Defense programs, indicating a strong reputation in the industry [3] Strategic Focus - The company emphasizes a commitment to research and development to enhance its capabilities and expand into new markets, aiming to transform laboratory discoveries into practical products [3] - FEI's mission is to maintain a legacy of delivering unique precision time and frequency generation products while adapting to future needs, thereby creating value for customers, employees, and shareholders [3]

Core Viewpoint - Frequency Electronics Inc. (NASDAQ:FEIM) is experiencing a mixed financial performance, with a positive outlook despite recent results falling short of expectations [1][3]. Financial Performance - Frequency Electronics reported a record-breaking funded backlog of $82 million, representing a 17% increase since the end of the previous fiscal year [2]. - Revenue for FQ2 2026 rose to $17.1 million, marking a 24% sequential increase and the third-highest quarterly revenue in the past decade [2]. - Total revenue increased from $15.8 million in the previous year, but net income fell to $1.8 million ($0.18 per share) from $2.7 million ($0.28 per share) a year ago [3]. Revenue Mix - The revenue mix shifted towards non-space US government and Department of Defense (DoD) contracts, generating $11.9 million and accounting for 69% of total revenue [3]. - Commercial and US Government satellite programs contributed $4.6 million, or 27% of total revenue [3]. Strategic Positioning - Frequency Electronics is positioning itself for emerging markets, including quantum sensing, proliferated satellites, and Alternative Position, Navigation, and Timing (ALT-PNT) solutions [3].

Core Insights - Frequency Electronics, Inc. has been awarded a significant contract valued at approximately $9.2 million to provide precision time and frequency systems for a geostationary environmental satellite program [2][3] Group 1: Contract Details - The contract includes the provision of oscillators, frequency distribution units, and spares for integration into three satellites, with deliveries scheduled through 2028 [2] - There is potential for four additional satellites to be procured in the future to augment the constellation [2] Group 2: Company Capabilities - The contract underscores FEI's capability to perform in geostationary (GEO) constellations, highlighting the reliability of its quartz oscillators, which are critical for space and defense applications [3] - FEI has a long-standing relationship with heritage customers, which is reflected in the trust placed in its products [3][4] Group 3: Company Overview - Frequency Electronics, Inc. is a leader in the design, development, and manufacture of high precision timing, frequency generation, and RF control products for both space and terrestrial applications [4] - The company's products are utilized in various sectors, including satellite payloads, military systems, and secure communications [4] - FEI has received over 100 awards for excellence in providing high-performance electronic assemblies for more than 150 space and Department of Defense programs [4]

Core Viewpoint - Frequency Electronics, Inc. (FEIM) has been downgraded from "Outperform" to "Neutral" due to a combination of strategic achievements and financial constraints, despite ongoing innovation in defense applications [1] Group 1: Positive Highlights - FEIM's subsidiary FEI-Zyfer secured follow-on change orders worth approximately $4.8 million for advanced airborne timing systems, contributing to a strong backlog of $82 million, with about 69% expected to convert into revenue within the next 12 months [2] - The company has shifted its revenue base from commercial satellite programs to a more stable government and defense sector, with non-space revenues accounting for 70% of total revenues in Q2 fiscal 2026, up from 37% in the same quarter last year [3] - FEIM is investing in next-generation Rubidium Atomic Clock technology, which is optimized for high-dynamic airborne environments, potentially creating a technological advantage in the defense electronics market [4] Group 2: Challenges - Revenue growth was modest at 8.3% year over year in Q2 fiscal 2026, but gross margin fell significantly from 48.2% to 38.2%, and operating income decreased by 34.5%, attributed to a transition to lower-margin government programs [5] - Net operating cash flow dropped to $0.6 million for the six months ending October 31, 2025, down from $2.4 million in the same period last year, with cash and cash equivalents also declining from $4.7 million to $3 million due to capital expenditures and stock buybacks [6] - Selling, general, and administrative expenses increased by 6.9% year over year in Q2, driven by expansion initiatives and investments in Quantum Sensing, which are expected to increase overhead and further squeeze margins [7] Group 3: Outlook - FEIM has a solid technological foundation supported by a strong backlog and government partnerships, providing multi-year revenue visibility, with potential for long-term growth if defense demand remains strong [8] - The company needs to improve operational leverage and generate consistent cash flow, as investors will be monitoring its ability to recover margins and stabilize liquidity [9][10]

Core Insights - Frequency Electronics, Inc. (FEIM) shares have increased by 29.2% since the earnings report for the quarter ended October 31, 2025, significantly outperforming the S&P 500 index, which declined by 1.2% during the same period [1] - The stock has surged 61.4% over the past month, compared to a 3.4% growth in the S&P 500, indicating strong investor sentiment following the company's fiscal Q2 2026 results [1] Financial Performance - For Q2 fiscal 2026, FEIM reported a net income of $1.8 million (18 cents per share), down 35.7% from $2.7 million (28 cents per share) in the prior-year quarter [2] - Revenues increased by 8.3% to $17.1 million from $15.8 million year-over-year [2] - Gross margin decreased to $6.5 million, a decline of approximately 14.2% from $7.6 million a year ago [3] - Operating income fell to $1.7 million from $2.6 million in the previous year [2][3] Operational Metrics - Net cash from operating activities for the first half of fiscal 2026 was $0.6 million, down from $2.4 million in the same period last year [4] - The company's backlog grew to approximately $82 million at the end of October 2025, a 17.1% increase from $70 million at the end of April 2025 [4] Management Commentary - The President and CEO characterized Q2 as strong, noting that $17.1 million in revenue was the third-highest quarterly figure in the past decade [5] - Management anticipates reversing the effects of contract delays caused by a government shutdown in the upcoming fiscal quarters [6] - There is optimism regarding upcoming contract awards, which may exceed previous high-value contracts, particularly in core technology areas [6] Growth Opportunities - The company sees long-term growth potential in quantum sensing applications, including magnetometers and alternative positioning, navigation, and timing (ALT-PNT) solutions, expected to contribute significantly to growth over the next three to five years [7] - Management expects multiple contract wins in the near term, which are anticipated to be accretive and enhance performance in the second half of the fiscal year [10] Industry Developments - The second annual Quantum Sensing Summit was postponed due to the government shutdown and is rescheduled for January 14-15, 2026, in New York City, highlighting FEI's expanding role in quantum technologies [12]

Company Overview - Frequency Electronics, Inc (FEIM) is a leader in precision time and frequency generation technology [1] - This technology is utilized in various commercial and US government applications, including satellites and electronic warfare systems [1] Industry Applications - The technology developed by FEIM is integrated into Command, Control, Communication, Computer, Intelligence, Surveillance and Reconnaissance (C4ISR) systems, which encompass drones and missiles [1]

Company Overview - Frequency Electronics, Inc (FEIM) is a leader in precision time and frequency generation technology [1] - The technology is utilized in various commercial and US government applications, including satellites and electronic warfare systems [1] Industry Applications - FEIM's technology is integrated into Command, Control, Communication, Computer, Intelligence, Surveillance and Reconnaissance (C4ISR) systems, which encompass drones and missiles [1]