EarningsQ2 2026 Earnings Report
DE:BEM Q2 2026 EPS Results
Actual EPS€1.69
Consensus EPS€1.35
Beat/MissBeat by +€0.34
One Year Ago EPS€1.22
DE:BEM Q2 2026 Revenue Results
Actual Revenue€545.06M
Expected Revenue€488.32M
Beat/MissBeat by +€56.74M
YoY Revenue Growth+42.19%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeBefore Open
Conference CallWednesday, August 5, 2026
DE:BEM Upcoming Earnings
Materion's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:BEM Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong, broad-based operational momentum: record sales, earnings, EBITDA and margin expansion across all segments, robust backlog and order growth, and raised full-year guidance. Key strengths include exceptional Electronic Materials margins, a Precision Optics turnaround, and accelerating defense and space bookings. Risks discussed were limited and manageable but include margin sustainability in Electronic Materials (Q2 mix benefit), flat R&D relative to revenue growth, reliance on customer-funded CapEx, small one-time positive items in results, and ongoing exposure to input cost pressures and investor concerns about backlog prebuying. Overall, the positive achievements and upgrades significantly outweigh the modest challenges.Company Guidance
Record Quarterly Sales and Value-Added Revenue
Value-added sales (ex-pass-through precious metals) reached a record $308.2MM, up 15% year-over-year and 18% sequentially; company reported the highest quarterly sales in its history.
Record Adjusted EPS and Strong Earnings Growth
Adjusted EPS was a record $1.90, up 39% year-over-year and 50% sequentially.
Record Adjusted EBITDA and Margin Expansion
Adjusted EBITDA was a record $71.8MM, representing 23.3% of value-added sales, up 29% year-over-year with 250 basis points of margin expansion; company exceeded 23% adjusted EBITDA margin for the first time.
All Segments Achieved Double-Digit Sales and EBITDA Growth
All three business segments delivered double-digit year-over-year sales growth: Performance Materials +13% VA sales, Electronic Materials +15% VA sales, Precision Optics +26% VA sales; all segments showed YoY EBITDA improvement.
Electronic Materials Margin Record
Electronic Materials delivered a record adjusted EBITDA margin of 32%, its fifth consecutive quarter of margin expansion and up ~900 basis points YoY for the segment.
Precision Optics Turnaround
Precision Optics posted $30.8MM in VA sales (+26% YoY) and adjusted EBITDA of $6.6MM (21.4% margin), up 206% YoY and the highest margin since 2021; sixth consecutive quarter of bottom-line improvement.
Robust End-Market Demand and Bookings
Backlog exited the quarter up ~30% YoY and 20% since year-start; incoming orders in H1 grew nearly 30% YoY. Semiconductor sales +23% YoY; telecom & data center grew ~50%; energy shipments up >20%.
Defense and Space Momentum
Defense incoming orders totaled $90MM in H1 with >$500MM in open RFQs (up from ~$300MM prior quarter); space orders doubled year-over-year and a new $15MM commercial-space program win was announced.
Raised Full-Year Guidance
Company raised full-year sales outlook to mid-teens growth and increased adjusted EPS guidance to $6.80–$7.20 (approx. +30% YoY at midpoint and +12% vs prior midpoint).
Strong Cash Generation and Balance Sheet Metrics
Generated $59MM in free cash flow in the quarter with ~150% cash conversion; net debt ~$421MM, $233MM capacity available on credit facility, leverage ~1.8x (below midpoint of target range); targeting ~75% cash conversion for full year.
DE:BEM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed