PR Newswire·Nov 12, 2026, 8:55 AM ET

M-tron Industries, Inc. Reports Third Quarter 2026 Results

MPTI

M-tron Industries reported revenue growth of 11.1% to $15.7 million for the three months ended September 30, 2026, compared to $14.2 million in the same period in 2025.
Gross margin increased by 20 basis points to 44.5% for the three months ended September 30, 2026, from 44.3% in the prior year period.
Net income rose 66.4% to $3.0 million for the three months ended September 30, 2026, up from $1.8 million in 2025.
Net income per diluted share increased 16.7% to $0.70 for the three months ended September 30, 2026, compared to $0.60 in 2025.
Adjusted EBITDA for the three months ended September 30, 2026, was $3.6 million, representing a 12.9% increase from $3.2 million in 2025.
Revenue for the nine months ended September 30, 2026, reached $45.5 million, a 13.3% increase from $40.2 million in the same period in 2025.
Net income for the nine months ended September 30, 2026, was $7.3 million, a 45.5% increase from $5.0 million in 2025.
Backlog stood at $84.9 million as of September 30, 2026, an 11.0% increase from $76.4 million as of December 31, 2025.
The revenue increase was driven by strong shipments in aerospace, defense, avionics, and space sectors.
Higher net income was attributed to increased gross margin, higher interest income on money market investments, partially offset by increased engineering, selling, administrative, research, development, stock-based compensation, sales commissions, administrative, corporate, income tax expenses.
Management hosted an earnings conference call on November 12, 2026, to discuss the third quarter 2026 financial results.
M-tron operates design, manufacturing, sales, and engineering facilities in Florida, South Dakota, Hong Kong, India, with a focus on high-reliability frequency control products.

Company: Mtron
Keywords: Mtron