The strong earnings beat and record backlog signal continued demand in defense sectors. Upcoming Investor Day on May 12 may provide strategic growth targets. Monitor for any guidance updates.
Price Chart
Executive Summary
M-tron reported Q1 2026 results above consensus with revenue of $14.7M (+15.3% YoY) and EPS of $0.67 (vs $0.61 consensus). Backlog grew 38.4% to $76.8M, and gross margins improved. The company also completed a $42.1M rights offering in April, strengthening its balance sheet.
Key Financial Metrics
Key Facts
- Revenue $14.686M, +15.3% YoY
- EPS $0.67 vs consensus $0.61
- Backlog $76.8M, +38.4% YoY
- Gross margin improved to 44.9% from 42.5%
- Completed rights offering raising $42.1M in April 2026
Financial Impact
Revenue beat consensus by ~2%, EPS beat by ~10%. Backlog growth indicates future revenue visibility.
Risk Factors
- Defense spending uncertainty
- Tariff-related cost pressures
- Share dilution from recent rights offering (713k shares)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-015954 |
| Document: mpti20260318_8k.htm | 0001437749-26-015954 |
| Document: 0001437749-26-015954-index-headers.html | 0001437749-26-015954 |
| Document: 0001437749-26-015954-index.html | 0001437749-26-015954 |
| Document: 0001437749-26-015954.txt | 0001437749-26-015954 |
| 8-K Data (Synthetic) | 0001437749-26-015954 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | SC 13G | $65.70 | awaiting T+60 | — | $67.66 (+2.98%) |
Aug 31, 2026 8w ago | 8-K | $76.16 | awaiting T+60 | — | $67.66 (−11.16%) |
Aug 17, 2026 10w ago | Press Release | $88.05 | awaiting T+60 | — | $67.66 (−23.16%) |
Aug 12, 2026 10w ago | 8-K | $84.47 | awaiting T+60 | — | $67.66 (−19.90%) |
Aug 11, 2026 10w ago | 144 | $85.62 | awaiting T+60 | — | $67.66 (−20.98%) |
Aug 3, 2026 12w ago | Press Release | $88.46 | awaiting T+60 | — | $67.66 (−23.51%) |
May 14, 2026 23w ago | 8-K | $79.11 $84.67 | ▲ +7.03% | ▲ +3.44% | $67.66 (−14.47%) |
May 13, 2026 23w ago | 15-12G | $79.11 $84.67 | ▲ +7.03% | ▲ +3.44% | $67.66 (−14.47%) |
May 8, 2026 24w ago | 8-K | $76.58 $87.28 | ▲ +13.97% | ▲ +9.58% | $67.66 (−11.65%) |
May 4, 2026 25w ago | Insider Cluster | $71.09 $78.19 | ▲ +9.99% | ▲ +8.13% | $67.66 (−4.82%) |
US Market Status
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