A versatile continuous‐wave reflection bridge ultrasonic spectrometer has been developed. This spectrometer features simple tuning of the bridge element (commercial hybrid junction) for frequencies up to 100 MHz, a wide variation of applied acoustic power, simple computer control to lock frequency to any point of the acoustic response, diode and phase coherent detection, sensitivity equivalent to the best nuclear acoustic resonance spectrometers, and construction from off‐the‐shelf components. Use of the spectrometer as a cw spectrometer, sampled‐cw spectrometer, and NAR spectrometer will be discussed.