<PAGE>   1


                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington,  D.C.  20549

                                   FORM 10-Q

                QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                    OF THE SECURITIES EXCHANGE ACT OF 1934

<TABLE>
<S>                                                   <C>
For the Quarterly Period Ended December 25, 1996      Commission File Number 34-24802
</TABLE>                                 

                              EDELBROCK CORPORATION
-----------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


<TABLE>
             <S>                                     <C>
                   Delaware                                33-0627520              
         ------------------------------             -------------------------
        (State or other jurisdiction of                   (I.R.S. Employer
        incorporation or organization)                 Identification Number)


2700 California Street, Torrance, California                  90503                
-----------------------------------------------------------------------------
(Address of principal executive offices)                     (Zip Code)

</TABLE>
                              (310) 781-2222
               --------------------------------------------------    
               Registrant's telephone number, including area code


Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

                             Yes    X        No
                                  -----         -----   

As of February 3, 1997, the Company had 5,247,831 shares of Common Stock
outstanding.

                                       1
<PAGE>   2
                             EDELBROCK CORPORATION
               FORM 10-Q FOR THE QUARTER ENDED DECEMBER 25, 1996
                                     INDEX




<TABLE>
<CAPTION>
Part I    FINANCIAL STATEMENTS                                                                          Page
          --------------------                                                                          ----
<S>       <C>                                                                                             <C>
          Item 1.    Financial Statements

                     Condensed Consolidated Balance Sheets as of December 25, 1996
                       and June 30, 1996  . . . . . . . . . . . . . . . . . . . . . . . . . . . .         3

                     Consolidated Statements of Income for the Three Months
                        and Six Months Ended December 25, 1996 and 1995   . . . . . . . . . . . .         4

                     Condensed Consolidated Statements of Cash Flows for the Six
                       Months Ended December 25, 1996 and 1995    . . . . . . . . . . . . . . . .         5

                     Notes to Consolidated Interim Financial Statements   . . . . . . . . . . . .         6


          Item 2.    Management's Discussion and Analysis of Financial Conditions and
                       Results of Operations    . . . . . . . . . . . . . . . . . . . . . . . . .         7-11

Part II   OTHER INFORMATION                   . . . . . . . . . . . . . . . . . . . . . . . . . .         12
          -----------------                                                                                 


</TABLE>



                                       2
<PAGE>   3
                             EDELBROCK CORPORATION
                     CONDENSED CONSOLIDATED BALANCE SHEETS


<TABLE>
<CAPTION>
                                                                                            December 25,             June 30,
                                                                                               1996                    1996
                                                                                            -----------             ----------- 
                                                                                            (Unaudited)
                 <S>                                                                         <C>                    <C>
                 ASSETS
                 Current assets
                     Cash and cash equivalents   . . . . . . . . . . . . . . . . .            $2,899,000             $8,771,000
                     Accounts receivable, net    . . . . . . . . . . . . . . . . .            23,072,000             17,973,000
                     Inventories   . . . . . . . . . . . . . . . . . . . . . . .              11,446,000              9,735,000
                     Prepaid expenses and other  . . . . . . . . . . . . . . . .                 550,000                436,000
                                                                                             -----------            ----------- 
                 Total current assets  . . . . . . . . . . . . . . . . . . . . .              37,967,000             36,915,000
                 Property, plant and equipment, net  . . . . . . . . . . . . . .              29,269,000             27,382,000
                 Other   . . . . . . . . . . . . . . . . . . . . . . . . . . . .               2,004,000              2,133,000
                                                                                             -----------            ----------- 
                 Total assets    . . . . . . . . . . . . . . . . . . . . . . . .             $69,240,000            $66,430,000
                                                                                             ===========            =========== 

                 LIABILITIES AND SHAREHOLDERS' EQUITY
                 Current liabilities
                     Accounts payable  . . . . . . . . . . . . . . . . . . . . .              $9,515,000             $9,454,000
                     Accrued expenses    . . . . . . . . . . . . . . . . . . . .               2,408,000              2,537,000
                     Current portion of long-term debt     . . . . . . . . . . .                 974,000                971,000
                                                                                             -----------            ----------- 
                 Total current liabilities . . . . . . . . . . . . . . . . . . .              12,897,000             12,962,000

                 Long-term debt  . . . . . . . . . . . . . . . . . . . . . . . .               3,120,000              3,148,000
                 Deferred income taxes   . . . . . . . . . . . . . . . . . . . .               1,946,000              1,900,000

                 Shareholders' equity  . . . . . . . . . . . . . . . . . . . . .              51,277,000             48,420,000
                                                                                             -----------            ----------- 
                 Total liabilities and shareholders' equity  . . . . . . . . . .             $69,240,000            $66,430,000
                                                                                             ===========            ===========  

</TABLE>




The accompanying notes are an integral part of the interim financial 
statements.





                                       3
<PAGE>   4
                             EDELBROCK CORPORATION
                       CONSOLIDATED STATEMENTS OF INCOME
                                  (UNAUDITED)

<TABLE>                      
<CAPTION>
                                                        Three months ended                        Six months ended
                                                           December 25,                             December 25,
                                                  --------------------------------         -------------------------------
                                                     1996                  1995               1996                1995 
                                                  -----------          -----------         -----------         -----------   
<S>                                               <C>                  <C>                 <C>                 <C>
Revenues                                          $20,551,000          $18,536,000         $39,501,000         $35,379,000
Cost of sales                                      12,450,000           11,060,000          23,956,000          20,976,000
                                                   ----------           ----------          ----------          ----------
    Gross profit                                    8,101,000            7,476,000          15,545,000          14,403,000
                                                   ----------           ----------          ----------          ----------
                                                                                                                        
Operating expenses
    Selling, general and administrative             5,030,000            4,919,000           9,904,000           9,650,000
    Research and development                          608,000              408,000           1,156,000             834,000
                                                   ----------           ----------          ----------          ----------
    Total operating expenses                        5,638,000            5,327,000          11,060,000          10,484,000
                                                   ----------           ----------          ----------          ----------
Operating income                                    2,463,000            2,149,000           4,485,000           3,919,000

Interest expense                                       87,000              112,000             174,000             226,000
Interest income                                       104,000              153,000             220,000             310,000
Other income (expense)                                  4,000              (20,000)              4,000             172,000
                                                   ----------           ----------          ----------          ----------
Income before taxes on income                       2,484,000            2,170,000           4,535,000           4,175,000
Taxes on income                                       919,000              787,000           1,678,000           1,565,000
                                                   ----------           ----------          ----------          ----------

Net income                                         $1,565,000           $1,383,000          $2,857,000          $2,610,000
                                                   ==========           ==========          ==========          ==========

Net income per share                                    $0.30                $0.26               $0.55               $0.50
                                                   ==========           ==========          ==========          ==========
Weighted average number of shares
    outstanding                                     5,242,000            5,240,000           5,242,000           5,240,000
                                                   ==========           ==========          ==========          ==========



</TABLE>


The accompanying notes are an integral part of the interim financial
statements.





                                       4
<PAGE>   5
                             EDELBROCK CORPORATION
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (UNAUDITED)
<TABLE>
<CAPTION>


                                                                                                  Six months ended
                                                                                                     December 25,        
                 Increase (Decrease) in Cash and Cash Equivalents                          -------------------------------      
                                                                                               1996               1995
                 Operating activities                                                      -----------         -----------
                 <S>                                                                      <C>                 <C>   
                     Net income    . . . . . . . . . . . . . . . . . . . . . . .           $ 2,857,000         $ 2,610,000
                     Depreciation and amortization   . . . . . . . . . . . . . .             1,935,000           1,765,000
                     Net change in operating assets and liabilities  . . . . . .            (6,638,000)         (5,969,000) 
                                                                                           -----------         -----------     
                 Net cash used in operating activities   . . . . . . . . . . . .            (1,846,000)         (1,594,000)
                                                                                           -----------         -----------     

                 Investing activities
                     Capital expenditures  . . . . . . . . . . . . . . . . . . .            (3,862,000)         (2,184,000)
                     Other   . . . . . . . . . . . . . . . . . . . . . . . . . .              (139,000)            100,000
                                                                                           -----------         -----------     
                 Net cash used in investing activities   . . . . . . . . . . . .            (4,001,000)         (2,084,000)
                                                                                           -----------         -----------     
                 Financing activities
                     Debt repayments   . . . . . . . . . . . . . . . . . . . . .               (25,000)           (535,000)
                                                                                           -----------         -----------     
                 Net decrease in cash and cash equivalents   . . . . . . . . . .            (5,872,000)         (4,213,000)
                 Cash at beginning of period . . . . . . . . . . . . . . . . . .             8,771,000          10,298,000
                                                                                           -----------         -----------     
                 Cash at end of period   . . . . . . . . . . . . . . . . . . . .           $ 2,899,000         $ 6,085,000
                                                                                           ===========         ===========   


                 Supplemental disclosure of cash flow information
                   Cash paid during the period for
                     Interest  . . . . . . . . . . . . . . . . . . . . . . . . . .            $174,000            $226,000 
                                                                                           ===========         ===========   
                     Income taxes  . . . . . . . . . . . . . . . . . . . . . . . .         $ 1,784,000         $ 2,475,000
                                                                                           ===========         ===========  





</TABLE>
The accompanying notes are an integral part of the interim financial
statements.





                                       5
<PAGE>   6


                             EDELBROCK CORPORATION
               NOTES TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS

NOTE 1 - BASIS OF PRESENTATION

The consolidated interim financial statements of Edelbrock Corporation (the
"Company") at December 25, 1996 and for the three and six month periods ended
December 25, 1996, are unaudited, but include all adjustments (consisting only
of normal recurring adjustments) which the Company considers necessary for a
fair presentation.  The June 30, 1996 balance sheet was derived from the
balance sheet included in the Company's audited consolidated financial
statements as included in the Company's Form 10-K for its fiscal year ended
June 30, 1996 (File No. 0-24802).  Certain amounts have been reclassified to
conform to the December 25, 1996 presentation.

These unaudited financial statements have been prepared in accordance with
generally accepted accounting principles for interim financial information and
with the instructions to Form 10-Q and Article 10 of Regulation S-X.
Accordingly, they do not include all of the information and footnotes, and
should be read in conjunction with the Company's audited consolidated financial
statements included in the Form 10-K indicated above.  Operating results for
the three and six month periods ended December 25, 1996 are not necessarily
indicative of the results that may be expected for the fiscal year ending June
30, 1997.


NOTE 2 - INVENTORIES

Inventories at December 25, 1996 and June 30, 1996 consisted of the following:

<TABLE>
<CAPTION>
                                                                        December 25,             June 30,
                                                                       -------------           ------------     
                                                                        (Unaudited)

              <S>                                                    <C>                        <C>
              Raw materials........................................    $ 6,378,000              $5,421,000
              Work in process......................................        626,000                 626,000
              Finished goods.......................................      4,442,000               3,688,000
                                                                       -----------              ----------
                                                                       $11,446,000              $9,735,000
                                                                       ===========              ==========

</TABLE>



                                       6
<PAGE>   7
Item 2.    Management's Discussion and Analysis of Financial Conditions and
           Results of Operations

The following is a discussion and analysis of the consolidated financial
condition and results of operations of the Company for the three and six months
ended December 25, 1996.  The following should be read in conjunction with the
Consolidated Interim Financial Statements and related notes appearing elsewhere
herein.


      Overview

The Company was founded in 1938, and is one of America's leading manufacturers
and marketers of specialty performance automotive and motorcycle aftermarket
parts.  The Company designs, manufactures, packages and markets performance
automotive and motorcycle aftermarket parts, including intake manifolds,
carburetors, camshafts, cylinder heads, exhaust systems and other performance
components for most domestic V8 and selected V6 engines.  The Company currently
offers over 1,600 performance automotive and motorcycle aftermarket parts for
street, off-road, recreational and competition vehicle use.  In addition, the
Company offers performance aftermarket manifolds, camshafts, cylinder heads,
air cleaners, and carburetors for Harley-Davidson motorcycles.

In March 1997, the Company expects to enter the performance shock absorber
market for the automotive, truck (under one ton), ATV, motorhome, racing and
Harley-Davidson motorcycle aftermarkets utilizing RICOR Racing and Development,
L.P.'s patented "inertia sensitive system." Initially, the Company will produce
shock absorbers for a variety of two-and four-wheel drive applications for
Ford, Chevrolet and Chrysler manufactured vehicles.

      Product Mix

The Company manufactures its own products and purchases other products designed
to the Company's specifications from third-party manufacturers for subsequent
packaging and distribution to the Company's customers.  Generally, the Company
can achieve a higher margin on those products which it manufactures as compared
to those purchased from third-party manufacturers.  Accordingly, the Company's
results of operations in any given period are affected by product mix.  For
example, in recent years, the Company has experienced significant growth in the
sale of carburetors which it has purchased pursuant to a long-term contract
with a third-party manufacturer, which has negatively affected the Company's
gross margins.


      Manufacturing Capacity

In fiscal year 1995, the Company expanded its manufacturing capacity by
constructing an additional 37,000 square-foot manufacturing facility in
Torrance, California to house its exhaust division, and a 15,000 square foot
expansion of its foundry operation on Company-owned property adjacent to its
current San Jacinto, California foundry site.

In November 1996, the Company completed construction of a new 45,000
square-foot facility on Company owned property contiguous to its current
Exhaust facility in Torrance, California. This facility will be utilized for
the manufacture of performance aftermarket shock absorbers, expand exhaust
system manufacturing and house additional corporate expansion including
warehouse overflow.





                                       7
<PAGE>   8
      Seasonality

The Company's sales are subject to seasonal variations.  Customer orders and
sales are greatest in the third and fourth quarters of the Company's fiscal
year in anticipation of and during the spring and summer months.  Accordingly,
revenues and operating income tend to be relatively higher in the third and
fourth fiscal quarters.  This seasonality typically results in reduced earnings
for the Company's first and second fiscal quarters because a significant
portion of operating expenses are fixed throughout the fiscal year.



THREE MONTHS ENDED DECEMBER 25, 1996, COMPARED TO THREE MONTHS ENDED
      DECEMBER 25, 1995:

      Revenues

Revenues increased 10.9% to $20.6 million for the three months ended December
25, 1996 from  $18.5 million for the same period of 1995.  This increase was
primarily the result of an increase of approximately $2.6 million, or 34.8%, in
the sale of carburetors, an increase of approximately $180,000, or 17.5%, in
the sale of aluminum cylinder heads and an increase of approximately $187,000,
or 48.1%, in the sale of Harley-Davidson aftermarket products.  These increases
were offset by an approximate $900,000, or 14.9%, decrease in the sale of
manifolds.

    Cost of Sales

Cost of sales increased 12.6% to $12.5 million for the three months ended
December 25, 1996 from $11.1 million for the same period of 1995.  As a percent
of revenues, cost of sales increased to 60.6% for the three months ended
December 25, 1996 from 59.7% for the same period of 1995.  This increase in
cost of sales was primarily due to an increase in sales of third-party
manufactured products.  See "Product Mix" on page 7.

    Selling, General and Administrative Expense

Selling, general and administrative expense increased  2.3% to $5.0  million
for the three months ended December 25, 1996 from $4.9 million for the same
period of 1995.  This increase was primarily due to increased advertising
expense and sales commissions associated with increased sales.   As a percent
of  sales, selling, general and administrative expense decreased to 24.5% for
the three months ended December 25, 1996 from 26.5% for the same period of
1995.

    Research and Development Expense

Research and development expense increased 49.0% to $608,000 for the three
months ended December 25, 1996 from $408,000 for the same period of 1995.  The
increase was primarily the result of expenditures relating to the development
of the Company's new line of performance aftermarket shock absorbers.

    Interest Expense

Interest expense decreased 22.3% to $87,000 for the three months ended December
25, 1996 from $112,000 for the same period of 1995.  The decrease was primarily
due to a decrease in the principal amount of average debt outstanding.





                                       8
<PAGE>   9
    Interest Income


Interest income decreased 32.0% to $104,000 for the three months ended December
25, 1996 from $153,000 for the same period in 1995.  The decrease was primarily
due to a decrease in the balance of invested funds from the Company's initial
public offering.


    Taxes on Income

The provision for income taxes increased to $919,000 for the three months ended
December 25, 1996 from $787,000 for the 1995 period.  The effective tax rate
increased to 37.0% for the 1996 period from 36.3 % for the 1995 period.

    Net Income

The Company's net income for the three months ended December 25, 1996 increased
13.2% to $1.6 million from $1.4 million  for the same period of 1995.  This
increase was the result of the items mentioned above.

SIX MONTHS ENDED DECEMBER 25, 1996, COMPARED TO SIX MONTHS ENDED
    DECEMBER 25, 1995

    Revenues

Revenues increased 11.7% to $39.5 million for the six months ended December 25,
1996 from $35.4 million for the same period of 1995.  This increase was
primarily the result of an increase of approximately $4.3 million, or 31.4%, in
the sale of carburetors, an increase of approximately $400,000, or 19.6%, in
the sale of aluminum cylinder heads, and an increase of approximately $307,000,
or 39.7%, in the sale of Harley-Davidson aftermarket products.  These increases
were offset by an approximate $900,000, or 7.8%, decrease in the sale of
manifolds.

    Cost of Sales

Cost of sales increased 14.2% to $24.0 million for the six months ended
December 25, 1996 from $21.0 million for the same period of 1995.  As a percent
of revenues, cost of sales increased to 60.6% for the six months ended December
25, 1996 from 59.3% for the same period of 1995.  This increase in cost of
sales was primarily due to an increase in sales of third-party manufactured
products.  See "Product Mix" on page 7.

    Selling, General and Administrative Expense

Selling, general and administrative expense increased 2.6% to $9.9 million for
the six months ended December 25, 1996 from $9.7 million for the same period of
1995.  This increase was primarily due to increased advertising expense and
sales commissions associated with increased sales.  As a percent of sales,
selling, general and administrative expense decreased to 25.1% for the six
months ended December 25, 1996 from 27.3% for the same period of 1995.

    Research and Development Expense

Research and development expense increased 38.6% to $1.2 million for the six
months ended December 25, 1996 from $834,000 for the same period of 1995.  The
increase was primarily the result of expenditures relating to the development
of the Company's new line of performance aftermarket shock absorbers.





                                       9
<PAGE>   10
    Interest Expense

Interest expense decreased 23.0% to $174,000 for the six months ended December
25, 1996 from $226,000 for the same period of 1995.  The decrease was primarily
due to a decrease in the principal amount of average debt outstanding.

    Interest Income

Interest income decreased 29.0% to $220,000 for the six months ended December
25, 1996 from $310,000 for the same period in 1995.  This decrease was
primarily due to a decrease in the balance of invested funds from the Company's
initial public offering.

    Other Income

During the six months ended December 25, 1995, the Company sold a piece of
equipment that resulted in a $172,000 pre-tax gain.

    Taxes on Income

The provision for income taxes increased to $1.7 million for the six months
ended December 25, 1996 from $1.6 million for the 1995 period.  The effective
tax rate decreased to 37.0% for the 1996 period from 37.5% for the 1995 period.

    Net Income

The Company's net income for the six months ended December 25, 1996 increased
9.5% to $2.9 million from $2.6 million for the same period of 1995.  This
increase was the result of the items mentioned above.

LIQUIDITY AND CAPITAL RESOURCES

The Company's liquidity requirements arise primarily from the funding of its
seasonal working capital needs and capital expenditures.  Historically, the
Company has met these liquidity requirements through cash flow generated from
operating activities and with borrowed funds under the Company's revolving
credit facility ("Revolving Credit Facility").  The Company maintains a $2.0
revolving credit facility which expires on February 1, 1998.  Due to seasonal
demand for the Company's products, the Company builds inventory during the
first and second fiscal quarters in advance of the typically stronger selling
periods during the third and fourth fiscal quarters.

The Company believes that funds generated from operations and funds available
under the Revolving Credit Facility together with cash balances will be
adequate to meet its working capital, debt service and capital expenditure
requirements through the next twelve months.  The Company anticipates making
capital expenditures of approximately $6.5 million in fiscal year 1997, which
includes expenditures for the construction of the recently completed 45,000
square-foot facility to house the Company's shock absorber division, expand
exhaust system manufacturing and house additional Corporate expansion including
warehouse overflow; the installation of a new computer mainframe system and
related software; machinery for the shock absorber facility; and additional
capital equipment to increase the Company's production capacity.





                                       10
<PAGE>   11
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

Except for historical information contained herein, statements of this report
are forward-looking statements that are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties
which may cause the Company's actual results in future periods to differ
materially from forecast results.  Those risks and uncertainties include, among
others, the financial strength and competitive pricing environment of the
automotive and motorcycle aftermarket industry, product demand,
market-acceptance, manufacturing efficiencies  and new product development.





                                       11
<PAGE>   12

                          PART II - OTHER INFORMATION


Item 1.    Legal Proceedings 

      Not applicable.


Item 2.    Changes in Securities

      Not applicable.


Item 3.    Defaults upon Senior Securities

      Not applicable.


Item 4.    Submission of Matters to a Vote of Security Holders



On November 26, 1996, the Company held its Annual Meeting of Shareholders in
Torrance, California.  At that meeting, the shareholders elected all eight
directors nominated by the Board of Directors.  The number of votes cast for or
against for each director were as follows:


<TABLE>
<CAPTION>

                                                                               Number of Votes Cast 
                                                                           ----------------------------        
                                                                              For               Against
                                                                           ---------            -------
                 <S>                                                       <C>                  <C>
                 O. Victor Edelbrock                                       4,966,147             13,656
                 Jeffrey L. Thompson                                       4,966,147             13,656
                 Aristedes T. Feles                                        4,966,147             13,656
                 Camee Edelbrock                                           4,966,146             13,657
                 E. A. Breitenbach                                         4,854,147            125,656
                 Jerry Herbst                                              4,854,147            125,656
                 Alexander Michalowski                                     4,854,147            125,656
                 Richard M. Wilbur                                         4,966,147             13,656




</TABLE>
In addition, the shareholders approved by a vote of 4,976,493 for, and 1,710
against, the ratification of the appointment of BDO Seidman, LLP as independent
auditors of the Company for the fiscal year ending June 30, 1997.


Item 5.    Other Information

      Not applicable.


Item 6.    Exhibits and Reports on Form 8-K

      Exhibits

      10.1    Amendment to Business Loan Agreement between Edelbrock
              Corporation and Bank of America, NT and SA

      27.1   Financial Data Schedule

There were no reports on Form 8-K filed during the three months December 25,
1996.





                                       12
<PAGE>   13
                                   SIGNATURES


      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.





                                               EDELBROCK CORPORATION        
                                               -----------------------------
                                               Registrant



Date:   February 3, 1997                       JEFFREY L. THOMPSON
                                               -------------------
                                               Jeffrey L. Thompson
                                               Executive Vice President,
                                               Chief Operating Officer and
                                               Director



                                          13