GlobeNewswire·Nov 5, 2026, 4:45 PM ET

Ultralife Corporation Reports Third Quarter Results

ULBI ENS

Ultralife Corporation reported Q3 2026 sales of $48.3 million, an 11.3% increase compared to $43.4 million in Q3 2025.
Gross profit reached $13.3 million (27.5% of revenue) in Q3 2026, up from $9.6 million (22.2%) in the prior year period.
The company recorded operating income of $3.2 million for Q3 2026, reversing an operating loss of $1.0 million in Q3 2025.
GAAP earnings per share were $0.14 for Q3 2026, compared to a loss of $0.07 per share in Q3 2025.
Adjusted EBITDA totaled $5.6 million for Q3 2026, a significant rise from $2.0 million in the same period last year.
The backlog grew to a record $136.0 million by the end of Q3 2026, up from $117.5 million in Q2 2026.
Battery & Energy Products sales increased 12.9% to $45.1 million, driven by 56.7% growth in government/defense sales offset by a 5.8% decline in commercial sales.
Communications Systems sales decreased 7.1% to $3.2 million due to lower demand in the global oil & gas market.
Gross margins improved in both segments, with Battery & Energy Products rising to 26.7% \& Communications Systems jumping to 40.1%.
On October 27, 2026, Ultralife agreed to be acquired by EnerSys in an all-cash transaction valued at approximately $320 million, expected to close in Q1 2027.
Due to the pending acquisition, Ultralife will not hold a conference call to discuss these third-quarter results.
Operating expenses decreased to $10.1 million in Q3 2026 from $10.6 million in Q3 2025, reflecting higher R&D investments offset by reduced one-time costs.
Net income attributable to Ultralife Corporation was $2.4 million for Q3 2026, compared to a net loss of $1.2 million in Q3 2025.

Company: Ultralife Corporation
Keywords: Nasdaq:ULBI, Ultralife Corporation