| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 0.72 | 4.0% | 9.1% |
| Total Income | 0.72 | 4.0% | 9.1% |
| Expenditure | 1.44 | 10.0% | 45.5% |
| PBT | 0.03 | 106.7% | 75.0% |
| Net Profit | -0.05 | 85.7% | 106.5% |
| OPM | 3.47% | 63.07pp | 14.68pp |
| NPM | -6.25% | 40.82pp | 106.25pp |
| EPS | 0.00 | 100.0% | 100.0% |
The LGL Group, Inc. Reports Q3 2026 Results
13 Nov 2026 · 2h ago
Summary
The LGL Group, Inc. reported third quarter 2026 revenues of $1,464,000, a 32.1% increase year-over-year, driven by higher net sales and increased net investment income. However, net income attributable to common stockholders was a loss of ($45,000) compared to a profit of $772,000 in the prior year, primarily due to the reversal of a tax position in 2025. The company highlighted a strong backlog of $6.5 million in its Electronic Instruments segment and a significant increase in cash and cash equivalents to $87.0 million.
Key Highlights
- 1
Total revenues were $1,464,000 in Q3 2026, an increase of 32.1% compared to $1,108,000 in Q3 2025.
- 2
Net income (loss) attributable to LGL Group common stockholders was ($45,000) in Q3 2026, compared to $772,000 in Q3 2025.
- 3
Backlog within the Electronic Instruments segment was $6.5 million as of September 30, 2026, a significant increase from $625,000 as of December 31, 2025.
- 4
Cash and cash equivalents and marketable securities increased to $87.0 million as of September 30, 2026, from $41.6 million as of December 31, 2025.
- 5
Book value attributable to LGL Group common stockholders per share was $6.81 as of September 30, 2026, compared to $7.04 as of December 31, 2025.
- 6
The company completed a rights offering on July 24, 2026, issuing 6,062,714 shares with net proceeds of $41.5 million.
Management Comments
Jason Lamb
Our third quarter results reflect continued demand in our Electronic Instruments segment. Revenues increased 32.1% from Q3 2025, driven by higher net sales and increased net investment income on larger invested balances. While volume discounts and costs associated with scaling production weighed on gross margin, we remain focused on disciplined pricing and cost management. Our $6.5 million backlog as of September 30, 2026 provides visibility heading into the fourth quarter, and we continue to invest in the business to support mission-critical defense, aerospace, and communications applications.
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