Ultralife Corporation reported second quarter 2026 financial results with revenue of $47.9 million, a slight decrease from $48.6 million in the prior year period. Gross profit improved to $13.9 million (28.9% margin) compared to $11.6 million (23.9%) last year, aided by a $1.1 million IEEPA refund and favorable sales mix. Operating income rose to $3.4 million from $2.3 million, while GAAP EPS increased to $0.15 from $0.05. Adjusted EBITDA reached $6.1 million against $4.1 million in the prior year. The company ended the quarter with a record backlog of $117.5 million. Ultralife Corporation operates in the defense and commercial sectors, providing battery, energy products, and communications systems.