M-tron Industries, Inc. (NYSE American:MPTI) released its financial results for the three and nine months ended September 30, 2026, on November 12, 2026, reporting significant increases in revenue, net income, and backlog compared to the prior-year period.

Key Highlights

  • Revenue up 11.1%: Revenues for the three months ended September 30, 2026 were $15,741 thousand, compared to $14,170 thousand for the same period in 2025.
  • Net income surged 66.4%: Net income reached $3,049 thousand for the third quarter of 2026, versus $1,832 thousand in the third quarter of 2025.
  • Diluted EPS rose 16.7%: Net income per diluted share was $0.70 for the three months ended September 30, 2026, compared to $0.60 for the same period in 2025.
  • Gross margin expanded 20 basis points: Gross margin was 44.5% for the three months ended September 30, 2026, up from 44.3% in the year-ago quarter, according to the filing.
  • Backlog at $84.9 million: Backlog as of September 30, 2026 was $84.9 million, up 11.0% from $76.4 million as of December 31, 2025, and up 44.3% from $58.8 million as of September 30, 2025.
  • Nine-month Adjusted EBITDA grew 25.5%: Adjusted EBITDA for the nine months ended September 30, 2026 was $10,160 thousand, compared to $8,097 thousand for the nine months ended September 30, 2025.

M-tron Industries Third Quarter 2026 Financial Results and Backlog Growth

According to the filing, M-tron Industries reported revenues of $15,741 thousand for the three months ended September 30, 2026, an 11.1% increase from $14,170 thousand in the prior-year quarter. The company disclosed that the revenue increase was "primarily due to strong growth in aerospace and defense, avionics, and space product shipments." Gross margin improved by 20 basis points to 44.5%, which the company attributed primarily to product mix.

The filing reported that net income for the third quarter of 2026 was $3,049 thousand, or $0.70 per diluted share, compared to $1,832 thousand, or $0.60 per diluted share, for the third quarter of 2025. The company disclosed the increase was primarily due to higher gross margin and "higher interest income earned on investments in money market mutual funds driven by higher balances invested," partially offset by higher engineering, selling, and administrative expenses. Interest income, net for the three months ended September 30, 2026 was $851 thousand, compared to $143 thousand in the same prior-year period. Income tax expense for the third quarter of 2026 was $268 thousand, down from $931 thousand in the third quarter of 2025.

For the nine months ended September 30, 2026, the company reported revenues of $45,536 thousand, up 13.3% from $40,184 thousand, and net income of $7,307 thousand, or $1.79 per diluted share, compared to $5,022 thousand, or $1.64 per diluted share, in the same prior-year period. The filing also disclosed that backlog grew to $84.9 million as of September 30, 2026, reflecting what the company described as "broad demand," including "continued purchasing under several large aerospace and defense programs, the initiation of orders for new aerospace and defense programs, and a recent uptick in space industry orders." CEO Cameron Pforr stated in the release that the company is "continuing to invest in our team and capabilities to support the growth opportunities we see ahead." These statements are the company's own and are subject to its cautionary language regarding forward-looking statements.

What Was Disclosed

M-tron Industries filed its third quarter 2026 earnings announcement on November 12, 2026, covering the three and nine months ended September 30, 2026, disclosing revenue, gross margin, net income, earnings per share, Adjusted EBITDA, and backlog figures for the period.