M-tron Industries Q2 revenue, adjusted EBITDA rise on defense shipments

M-Tron Industries

12/08/2026 22:06

Overview
U.S. aerospace electronics maker's Q2 revenue grew 13.8% yr/yr, driven by strong defense shipments
Adjusted EBITDA for Q2 rose 40.6% yr/yr, reflecting higher revenues
Diluted EPS for Q2 fell 18.9% yr/yr due to increased shares from rights offering

Outlook
Company says strength in core markets supports confidence in business trajectory
Company backlog increased to $84.0 mln, reflecting broad demand in aerospace and defense
Company expects recent non-cash stock compensation charges not to recur at comparable levels

Result Drivers
DEFENSE AND AEROSPACE SHIPMENTS - Co said Q2 revenue growth was primarily driven by strong shipments in defense and aerospace programs, with additional growth in avionics and space products
BACKLOG EXPANSION - Co attributed backlog growth to broad demand, continued purchasing under large aerospace and defense programs, new program orders, and increased avionics and space industry orders
ONE-TIME STOCK COMPENSATION - Gross margin decline and net income per share were impacted by a non-recurring stock-based compensation charge related to bonus awards

Company press release: ID:nPn2swxH6a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$15.11 mln
$14.75 mln (2 Analysts)
Q2 EPS
 
$0.43
 
Q2 Adjusted EBITDA
 
$3.4 mln
$2.79 mln (2 Analysts)
Q2 Gross Margin
 
41.2%
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the electronic equipment & parts peer group is "buy."
Wall Street's median 12-month price target for M-Tron Industries Inc is $84.00, about 1.9% below its August 11 closing price of $85.62
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 26 three months ago

Reuters Recommended Reads
Aug 11 - Astronics Q2 revenue beats estimates on aerospace demand
Aug 10 - Kopin Q2 revenue rises 51% on government grants, higher defense sales
Aug 12 - Enovix Q2 revenue beats on defense and drone business strength

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)