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Ultralife (ULBI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Ultralife (ULBI) reported revenue of $47.9M for the second quarter 2026 (Q2 2026), -1% from a year earlier and +1% from the quarter before. Operating margin was 7.2%, net earnings $2.5M (5.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.9M | +1% | -1% |
| Gross profit | $13.9M | +37% | +20% |
| Operating profit | $3.4M | — | +52% |
| Net earnings | $2.5M | — | +189% |
| Operating cash flow | $1.2M | -47% | -80% |
| Free cash flow | $735K | -51% | -85% |
What changed
Revenue was $47.9M in Q2 2026, down 1% year over year and up 1% from the previous quarter. Battery & Energy Products Segment was the largest line at 92% of revenue. Battery & Energy Products Segment lost $1.7M year over year (down 4%), 272% of the total change.
Gross margin was 28.9%, up 5.0 points from Q2 2025. Operating profit was $3.4M, a 7.2% margin (up 2.5 points year over year). Operating expenses grew 12% against a revenue fall of 1%. The fastest-growing cost line was Research & development (+39%). Net earnings were $2.5M, up 189% year over year. The effective tax rate was 15.7%.
Operating cash flow was $1.2M (down 80% year over year), 47% of net earnings. Non-cash charges added back $1.3M of depreciation and amortization and $90K of share-based compensation. Working capital and other items used $2.7M. Capital expenditures of $453K left free cash flow of $735K.
Questions
What was Ultralife's revenue in the second quarter 2026?
Ultralife (ULBI) reported revenue of $47.9M for the second quarter 2026 (Q2 2026), -1% from a year earlier and +1% from the quarter before.
Was Ultralife profitable in the second quarter 2026?
Operating profit was $3.4M (7.2% of revenue) and net earnings $2.5M.
Source: Ultralife 10-Q on SEC EDGAR.