BKTI earnings analysis
What we found in BKTI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
BK Technologies delivered $21 million of second-quarter revenue, flat both sequentially and year over year, and below the $22.6 million consensus estimate. EPS of $0.96 exceeded consensus of $0.87 and operating margin improved to 18.9%, although gross margin declined sequentially to 47.4%. Free cash flow remained positive at $4 million, while the filing provided no updated quantitative guidance and reported no material changes to existing risk factors.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Flat and Below Estimate
- Second-quarter revenue was $21 million, unchanged from $21 million in Q1 2026 and unchanged from $21 million in Q2 2025. Revenue was below the $22.6 million consensus estimate by approximately 7%.
- Gross Margin Stable Year Over Year
- Gross margin was 47.4%, down 4.4 percentage points from 51.8% in Q1 2026 and down 2.5 percentage points from 49.9% in Q3 2025; compared with Q2 2025, it was unchanged at 47.4%.
- Operating Margin Rebounded
- Operating margin improved to 18.9% from 15.4% in Q1 2026, a 3.5-point sequential increase, and was unchanged from 18.9% in Q2 2025.
- EPS Beat Consensus
- Diluted EPS increased to $0.96 from $0.69 in Q1 2026, a $0.27 sequential improvement, and matched the $0.96 reported in Q2 2025. EPS exceeded the $0.87 consensus estimate by $0.09.
- Positive but Lower Sequential FCF
- Free cash flow was $4 million, down from $6 million in Q1 2026 but equal to the $4 million generated in Q2 2025.
- Controls Remained Effective
- Management concluded disclosure controls were effective as of quarter-end, and reported no changes during the three and six months ended June 30, 2026 that materially affected, or were reasonably likely to materially affect, internal control over financial reporting.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- No Change to Existing Risk Factors
- The filing states there were no material changes to the risk factors in the 2025 Form 10-K. Accordingly, the previously disclosed risks remain applicable, including dependence on government contracts and macroeconomic pressures.
- Patent Litigation With AT&T
- On February 3, 2026, BK Technologies filed a patent-infringement complaint against AT&T Mobility LLC and AT&T Services, Inc., seeking monetary and injunctive relief. The filing states AT&T had responded and was reviewing resolution alternatives as of the filing date.
- Unused Repurchase Authorization
- The company maintains a $5.0 million share-repurchase authorization, with $3,528,714 remaining available at June 30, 2026; however, no shares were purchased during the quarter ended June 30, 2026.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.96
- Gross margin
- 47.4%
- Operating margin
- 18.9%
What they said about what is next.
The provided 10-Q extract does not include a quantitative outlook or updated guidance. The prior analysis reported full-year guidance of $90 million revenue and EPS above $3.15, but no current-quarter guidance update is available in the filing text provided.
The filing reads about the same as the one before it.
What came before.
- 10-Q · May 14, 2026
- BK Technologies reported strong quarterly results for Q1 2026, with revenues rising to approximately $21.3 million, an 11.8% increase YoY. The company also improved its gross margin to 51.8%, up from 47.0% compared to…
- 10-K · March 12, 2026
- BK Technologies reports continued top-line and margin improvement in 2025 with revenue increasing to approximately $86.0 million (2025) from $76.0 million (2024) and materially higher gross and operating margins in Q4…
- 10-Q · November 6, 2025
- BK Technologies reported a strong Q3 with sales of $24,411,000 (up $4,232,000 or ~21.0% vs Q3 2024) and margin expansion driving operating income of $4,845,000. Cash generation improved sharply — $16,435,000 of…
- 10-Q · August 14, 2025
- BK Technologies reported a beat with Sales, net of $21,165 (three months ended June 30, 2025) versus $20,254 in Q2 2024 and expanded gross margin to $10,035 (47.4%). Operating income rose to $3,997 (18.9% operating…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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