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Materion (MTRN) investor relations material
Materion Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record quarterly net sales of $613.9M, up 42% year-over-year, and value-added sales of $308.2M, up 15% year-over-year, with all business segments posting double-digit sales and EBITDA growth.
Net income for Q2 2026 was $38.8M, up 54% from Q2 2025, with adjusted EPS at $1.90, up 39% year-over-year and 50% sequentially.
Strong demand across semiconductor, aerospace & defense, energy, telecom, and data center markets drove results, with record backlog up 30% year-over-year and 20% since the start of the year.
Secured ~$15M in new business for advanced materials in commercial space applications, further strengthening market position.
Raised full-year adjusted EPS outlook to $6.80–$7.20, a 30% increase at midpoint versus 2025.
Financial highlights
Value-added sales reached $308.2M, up 15% year-over-year and 18% sequentially, with adjusted EBITDA of $71.8M (23.3% margin), up 29% year-over-year and 250 basis points margin expansion.
Operating profit for Q2 2026 was $51.7M, up 40% year-over-year; gross margin improved to $104.3M from $82.6M year-over-year.
Free cash flow was $59M for the quarter, with 151% cash conversion.
Adjusted net income (excluding amortization) was $40.1M ($1.90/share), up from $1.37/share year-over-year.
Six-month net sales reached $1.16B, up 37% year-over-year; net income for the period was $58.1M, up 36%.
Outlook and guidance
Raised full-year adjusted EPS guidance to $6.80–$7.20, a 30% increase year-over-year at the midpoint, and expect mid-teens year-over-year sales growth for 2026.
Targeting full-year adjusted EBITDA margin of 23% and strong free cash flow from higher earnings and working capital improvements.
Full-year 2026 capital expenditures are expected to be approximately $100M, focused on new product development and infrastructure.
Management expects liquidity and cash flow to be sufficient to support operations, capital needs, dividends, and strategic acquisitions for at least the next twelve months.
Continued strong order momentum and record backlog support confidence in delivering above-expected full-year results.
- Advanced materials leader expects double-digit sales growth in 2026, driven by strong demand.MTRN
Corporate presentation - Record sales, backlog, and segment growth drive higher adjusted EPS and strong full-year outlook.MTRN
Q1 2026 - Proxy covers director elections, auditor ratification, executive pay, and board size amendment.MTRN
Proxy filing - Proxy covers director elections, auditor ratification, pay, board size, and ESG oversight.MTRN
Proxy Filing - 2026 guidance targets 15% EPS growth and margin expansion, led by strong segment performance.MTRN
Q4 2025 - Record Q2 value-added sales and EPS, strong aerospace/semiconductor, guidance raised for 2024.MTRN
Q2 2024 - Record adjusted EBITDA margin achieved as net income fell; full-year EPS guided at $5.20–$5.40.MTRN
Q3 2024 - Record Q1 margin and earnings growth achieved, with tariff risks closely monitored.MTRN
Q1 2025 - Record adjusted EBITDA and margin expansion achieved, with 2025 guidance signaling continued growth.MTRN
Q4 2024
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