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Ultralife (ULBI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Ultralife (ULBI) reported revenue of $48.3M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +0.7% from the quarter before. Operating margin was 6.6%, net earnings $2.4M (4.9% of revenue).
Ultralife, Q3 2026: revenue $48.3M (+11% year over year), operating margin 6.6%, net earnings $2.4M, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.3M | +0.7% | +11% |
| Gross profit | $13.3M | -4% | +38% |
| Operating profit | $3.2M | -7% | — |
| Net earnings | $2.4M | -5% | — |
| Operating cash flow | −$2.9M | -347% | -1580% |
What changed
Revenue was $48.3M in Q3 2026, up 11% year over year and up 1% from the previous quarter. Battery & Energy Products Segment was the largest line at 93% of revenue. Battery & Energy Products Segment added $5.1M year over year (up 13%), 105% of the total change. Communications Systems Segment declined 7%.
Gross margin was 27.5%, up 5.4 points from Q3 2025. Operating profit was $3.2M, a 6.6% margin (up 8.8 points year over year). Operating expenses fell 4% while revenue rose 11%. The fastest-growing cost line was Research & development (+12%). Net earnings were $2.4M. The effective tax rate was 13.2%.
Operating cash flow was −$2.9M. Non-cash charges added back $1.4M of depreciation and amortization and $92K of share-based compensation. Working capital and other items used $6.8M. Capital expenditures of $591K exceeded it, leaving free cash flow of −$3.5M.
Questions
What was Ultralife's revenue in the third quarter 2026?
Ultralife (ULBI) reported revenue of $48.3M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +0.7% from the quarter before.
Was Ultralife profitable in the third quarter 2026?
Operating profit was $3.2M (6.6% of revenue) and net earnings $2.4M.
Source: Ultralife 10-Q on SEC EDGAR.