Earnings Releases·Nov 12, 2026, 8:55 AM ET

M-tron Industries, Inc. — Third Quarter 2026 Earnings Summary

Revenue increased 11.1% to $15.7 million and net income surged 66.4% to $3.0 million for the quarter ended September 30, 2026, compared to the prior year period.
Adjusted EBITDA rose 12.9% to $3.6 million for the quarter, while gross margin expanded 20 basis points to 44.5% driven by favorable product mix.
Backlog grew 44.3% year-over-year to $84.9 million, reflecting broad demand in aerospace, defense, and space sectors.
Cash and cash equivalents increased significantly to $97.5 million as of September 30, 2026, up from $20.9 million at the end of 2025.
Management cited higher R&D investment, stock-based compensation, and administrative expenses as drivers for increased operating costs alongside revenue growth.