Earnings Releases·Nov 9, 2026, 3:37 PM ET

Ultralife Corporation — Third Quarter 2026 Earnings Summary

Revenue rose 11.3% year-over-year to $48.3 million, while gross profit and adjusted EBITDA expanded significantly to $13.3 million (27.5% margin) and $5.6 million (11.7% margin), respectively, reversing a prior-year operating loss.
Total backlog reached a record $136.0 million, up from $117.5 million in Q2 2026, driven by a 56.7% surge in government/defense sales within the Battery & Energy segment.
Ultralife announced an agreement to be acquired by EnerSys in an all-cash transaction valued at approximately $320 million, including net debt assumption, with closing expected in Q1 2027.
Due to the pending acquisition, the company will not hold a conference call, and cash on hand decreased to $8.6 million while total debt increased slightly to $50.5 million.