Nemak (NEMAKA) Q3 2026 earnings summary

Executive summary

• 3Q26 revenue rose 22.3% YoY to $1.501B and EBITDA increased 21.3% to $174M, supported by the acquisition, higher aluminum prices, favorable mix, and commercial negotiations.

• Net income was break-even in 3Q26 versus $25M in 3Q25; 9M26 net income was $8M versus a $16M loss in 9M25.

Financial highlights

• 3Q26 gross profit increased 37.5% YoY to $165M; operating income declined 3.8% to $25M as higher EBITDA was offset by $24M of asset impairments.

• 9M26 revenue grew 18.7% to $4.403B, while EBITDA was nearly flat at $472M versus $474M; operating income fell 39.9% to $92M.

• 3Q26 CAPEX rose 42.9% YoY to $100M; 9M26 CAPEX increased 56.8% to $323M.

Outlook and guidance

• Integration of acquired operations was progressing according to plan, with stronger order books and a growing opportunity pipeline cited as benefits of the expanded platform.

• New business awards secured YTD represent ~ $620M in annual revenue; EV/SC applications account for ~30%, with the remainder in ICE Powertrain.

• Production at the Georgia facility was scheduled to start in 4Q26, following investment that contributed to higher quarterly CAPEX.