M-tron Industries Reports 11.1% Revenue Growth in Third Quarter 2026

M-tron Industries (MPTI) reported third-quarter 2026 revenue of $15.7 million, up 11.1% from $14.2 million a year earlier. Net income increased 66.4% to $3.0 million, while diluted earnings per share rose to $0.70 from $0.60.

The company reported a 44.5% gross margin and backlog of $84.9 million as of September 30, 2026.

• GAAP revenue was $15.741 million for the three months ended September 30, 2026.
• GAAP net income was $3.049 million, compared with $1.832 million in the prior-year quarter.
• Basic EPS was $0.71 and diluted EPS was $0.70.
• Revenue for the first nine months of 2026 was $45.536 million, up 13.3% year over year.
• Backlog increased 11.0% from $76.4 million at December 31, 2025.