Filing Flows › M-tron Industries (MPTI) › Q1 2026
M-tron Industries (MPTI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
M-tron Industries (MPTI) reported revenue of $14.7M for the first quarter 2026 (Q1 2026), +15% from a year earlier and +3% from the quarter before. Operating margin was 17.8%, net earnings $2.4M (16.3% of revenue).
M-tron Industries, Q1 2026: revenue $14.7M (+15% year over year), operating margin 17.8%, net earnings $2.4M, operating cash flow $2.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.7M | +3% | +15% |
| Operating profit | $2.6M | -33% | +30% |
| Net earnings | $2.4M | -30% | +47% |
| Operating cash flow | $2.1M | -21% | +32% |
| Free cash flow | $1.7M | -29% | +63% |
What changed
Revenue was $14.7M in Q1 2026, up 15% year over year and up 3% from the previous quarter.
Operating profit was $2.6M, a 17.8% margin (up 2.0 points year over year). Of the extra revenue versus Q1 2025, 31% reached operating profit, above the 16% margin then. Total costs grew 13% against revenue growth of 15%. The fastest-growing cost line was Research & development (+18%). Net earnings were $2.4M, up 47% year over year. The effective tax rate was 16.4%.
Operating cash flow was $2.1M (up 32% year over year), 89% of net earnings. Non-cash charges added back $302K of depreciation and $382K of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $452K left free cash flow of $1.7M.
Questions
What was M-tron Industries' revenue in the first quarter 2026?
M-tron Industries (MPTI) reported revenue of $14.7M for the first quarter 2026 (Q1 2026), +15% from a year earlier and +3% from the quarter before.
Was M-tron Industries profitable in the first quarter 2026?
Operating profit was $2.6M (17.8% of revenue) and net earnings $2.4M.
Source: M-tron Industries 10-Q on SEC EDGAR.