BKTI continues to execute on its growth strategy with accelerating revenue, expanding margins, and a record cash balance. The reiterated full-year guidance provides a clear benchmark. Monitor for BKR9500 FCC approval in H2 2026 as a key catalyst. The stock's strong momentum and 86% analyst bullish rating suggest continued positive sentiment, but the $327M market cap leaves room for further upside if guidance is exceeded.
Price Chart
Executive Summary
BK Technologies reported Q1 2026 results with revenue of $21.3M (+11.8% YoY), GAAP diluted EPS of $0.69 (up from $0.55), and non-GAAP adjusted diluted EPS of $0.88 (up from $0.62). The company reiterated its full-year 2026 guidance of $90M revenue, 50%+ gross margin, and GAAP EPS over $3.15. The quarter was characterized by strong margin expansion to 51.8%, a record cash balance of $29.0M, and the public debut of the BKR9500 multiband mobile radio.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $21.3M, up 11.8% YoY from $19.1M
- GAAP diluted EPS of $0.69 vs $0.55 in Q1 2025
- Non-GAAP adjusted diluted EPS of $0.88 vs $0.62 in Q1 2025
- Gross margin expanded 483 bps to 51.8% from 47.0%
- Adjusted EBITDA margin expanded 180 bps to 18.7%
- Record cash balance of $29.0M at March 31, 2026, up from $22.8M at Dec 31, 2025
- Debt-free balance sheet
- Reiterated full-year 2026 guidance: $90M revenue, 50%+ gross margin, GAAP EPS over $3.15, non-GAAP adjusted EPS of $3.55
- BKR9500 multiband mobile radio debuted at FDIC International; on pace for FCC approval in H2 2026 and shipments in H1 2027
- Repurchased ~3,000 shares in Q1; $3.5M remaining under current authorization
Financial Impact
Revenue grew 11.8% YoY to $21.3M; GAAP diluted EPS grew 25.5% YoY to $0.69; non-GAAP adjusted diluted EPS grew 41.9% YoY to $0.88
Risk Factors
- Revenue concentration in government contracts subject to budget cycles and procurement delays
- BKR9500 development and FCC approval timeline could slip beyond H2 2026
- Engineering cost expensing and higher tax rate expected to reduce FY2026 EPS by ~$1.05 vs prior accounting assumptions
- Competition from larger players in the land mobile radio market
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-016871 |
| Document: bkti20260508_8k.htm | 0001437749-26-016871 |
| Document: 0001437749-26-016871-index-headers.html | 0001437749-26-016871 |
| Document: 0001437749-26-016871-index.html | 0001437749-26-016871 |
| Document: 0001437749-26-016871.txt | 0001437749-26-016871 |
| 8-K Data (Synthetic) | 0001437749-26-016871 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 9d ago | PTAB Trial | $67.16 $71.23 | ▲ +6.06% | ▲ +5.98% | $71.23 (+6.06%) |
Oct 19, 2026 9d ago | PTAB Trial | $67.16 $71.23 | ▲ +6.06% | ▲ +5.98% | $71.23 (+6.06%) |
Oct 13, 2026 14d ago | 8-K | $70.17 $67.16 | ▲ +4.29% | ▲ +3.14% | $71.23 (−1.51%) |
Jun 11, 2026 19w ago | Institutional Cluster | $84.78 $82.56 | ▼ −2.62% | ▼ −3.05% | $71.23 (−15.98%) |
Jun 8, 2026 20w ago | DEFA14A | $79.99 $80.74 | ▲ +0.94% | ▼ −1.47% | $71.23 (−10.95%) |
May 14, 2026 23w ago | 8-K | $84.00 $83.33 | ▼ −0.80% | ▼ −0.08% | $71.23 (−15.20%) |
Apr 23, 2026 26w ago | DEFA14A | $88.62 $90.51 | ▲ +2.13% | ▲ +0.65% | $71.23 (−19.62%) |
US Market Status
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