Filing Flows › M-tron Industries (MPTI) › Q2 2026
M-tron Industries (MPTI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 12, 2026
M-tron Industries (MPTI) reported revenue of $15.1M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +3% from the quarter before. Operating margin was 11.4%, net earnings $1.9M (12.4% of revenue).
M-tron Industries, Q2 2026: revenue $15.1M (+14% year over year), operating margin 11.4%, net earnings $1.9M, operating cash flow $3.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.1M | +3% | +14% |
| Operating profit | $1.7M | -34% | -7% |
| Net earnings | $1.9M | -22% | +20% |
| Operating cash flow | $3.7M | +75% | +30% |
| Free cash flow | $2.8M | +66% | +35% |
What changed
Revenue was $15.1M in Q2 2026, up 14% year over year and up 3% from the previous quarter.
Operating profit was $1.7M, a 11.4% margin (down 2.5 points year over year). Operating profit fell $125K even though revenue rose $1.8M versus Q2 2025, so costs grew faster than sales. Total costs grew 17% against revenue growth of 14%. The fastest-growing cost line was Research & development (+35%). Net earnings were $1.9M, up 20% year over year. The effective tax rate was 23.5%. Non-operating items added $724K, 30% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $3.7M (up 30% year over year), 198% of net earnings. Non-cash charges added back $311K of depreciation and $1.3M of share-based compensation. Working capital and other items added $186K. Capital expenditures of $937K left free cash flow of $2.8M.
Questions
What was M-tron Industries' revenue in the second quarter 2026?
M-tron Industries (MPTI) reported revenue of $15.1M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +3% from the quarter before.
Was M-tron Industries profitable in the second quarter 2026?
Operating profit was $1.7M (11.4% of revenue) and net earnings $1.9M.
Source: M-tron Industries 10-Q on SEC EDGAR.