Filing Flows › Ultralife (ULBI) › Q2 2026 › vs Q1 2026
Ultralife (ULBI) Q2 2026 vs Q1 2026 (quarter over quarter)
Ultralife's revenue rose $498K (+1%) from $47.4M in Q1 2026 to $47.9M in Q2 2026. The biggest changes: Communications Systems Segment +$464K (+14%); Battery & Energy Products Segment +$34K (+0.1%). Gross margin 28.9% against 21.3% (+7.6 pts).
Ultralife, Q2 2026: revenue $47.9M (-1% year over year), operating margin 7.2%, net earnings $2.5M, operating cash flow $1.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 28.9% | 21.3% | +7.6 pts |
| Operating margin | 7.2% | -0.5% | +7.6 pts |
| Net margin | 5.3% | -1.0% | +6.2 pts |
| Free cash flow margin | 1.5% | 3.1% | -1.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Battery & Energy Products Segment | $44.2M | $44.2M | $34K | +0.1% |
| Communications Systems Segment | $3.8M | $3.3M | $464K | +14% |
| Revenue | $47.9M | $47.4M | $498K | +1% |
| Gross profit | $13.9M | $10.1M | $3.8M | +37% |
| Cost of revenue | $34.1M | $37.3M | −$3.3M | -9% |
| Operating profit | $3.4M | −$215K | $3.7M | — |
| Operating expenses | $10.4M | $10.3M | $104K | +1% |
| Pre-tax earnings | $3.0M | −$663K | $3.6M | — |
| Other expense, net | $451K | $448K | $3K | +0.7% |
| Research & development | $3.2M | $3.0M | $264K | +9% |
| SG&A | $7.2M | $7.4M | −$160K | -2% |
| Net earnings | $2.5M | −$471K | $3.0M | — |
| Income tax | $468K | −$192K | $660K | — |
| Operating cash sources | $3.9M | $850K | $3.1M | +363% |
| Depreciation & amortization | $1.3M | $1.3M | $3K | +0.2% |
| Share-based compensation | $90K | $0 | $90K | — |
| Working capital & other | $2.7M | −$1.4M | $4.2M | — |
| Operating cash flow | $1.2M | $2.3M | −$1.1M | -47% |
| Free cash flow (OCF − capex) | $735K | $1.5M | −$751K | -51% |
| Capital expenditures | $453K | $770K | −$317K | -41% |
Questions
How much did Ultralife's revenue grow quarter over quarter in Q2 2026?
Ultralife's revenue rose $498K (+1%) from $47.4M in Q1 2026 to $47.9M in Q2 2026.
What drove Ultralife's revenue change in Q2 2026?
Communications Systems Segment +$464K (+14%); Battery & Energy Products Segment +$34K (+0.1%).