Nemak SAB de CV (NEMAKA) Q3 2026 Earnings Report
MX:NEMAKA Q3 2026 EPS Results
- Actual EPS
- MXN 0.00
- Consensus EPS
- MXN 0.02
- Beat/Miss
- Missed by -MXN 0.01
- One Year Ago EPS
- MXN 0.16
MX:NEMAKA Q3 2026 Revenue Results
- Actual Revenue
- MXN 25.91B
- Expected Revenue
- MXN 27.97B
- Beat/Miss
- Missed by -MXN 2.06B
- YoY Revenue Growth
- +13.38%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/21/2026
- Time
- TBA
- Conference Call
- Wednesday, October 21, 2026
MX:NEMAKA Upcoming Earnings
Nemak SAB de CV's next earnings date is estimated for February 24, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Q3 2026
Earnings Call Date:Oct 21, 2026|% Change Since:-4.50%|
Earnings Call Sentiment|Positive
The call was predominantly positive, with strong revenue and EBITDA growth, substantial new business awards, progress integrating the acquisition, successful refinancing, multiple production launches, and supportive regional developments. These positives were partly offset by approximately break-even net income, impairment and footprint optimization costs, higher SG&A and CapEx, elevated leverage, weaker Chinese and global production trends, and the early-stage Augusta ramp-up.
Company Guidance
Annual synergies are currently estimated in the range of $20 million-$40 million, with benefits beginning to materialize in 2027 and building thereafter; Europe and rest of the world margins are expected to remain “not changing that much from what we see them right now,” aside from the positive effect of synergies as we move along in the next year. The Augusta, Georgia facility’s revenue outlook remains valid at $170 million to $200 million annually, with positive EBITDA expected “as soon as next year”; most of the investment is expected to be concluded by 2026, with “a little bit of a carryover in 2027,” while CapEx should be gradually coming down, subject to the amount of new business awards. Nemak’s medium target is achieving 2.0 times net debt to EBITDA, with leverage expected to start reducing in 2027, and the company expects to gradually be generating more cash flow.
- Revenue and EBITDA GrowthThird-quarter revenue increased 22% year-over-year to $1.5 billion, mainly reflecting the incorporation of acquired operations, which contributed $158 million, and higher aluminum prices. EBITDA increased 21% year-over-year to $174 million and was 2% higher sequentially, supported by the acquisition, favorable product mix, commercial negotiations, and integration and operational initiatives.
- Growing E-Mobility Structure and Chassis BusinessE-mobility structure and chassis applications generated approximately $214 million, representing 14% of consolidated revenue. Management said the contribution highlights the continued evolution of Nemak's portfolio and increasing participation in these applications.
- Acquisition Integration and Synergy PotentialIntegration of the recently acquired operations was described as positive and aligned to plan across operations, commercial activities, finance, and technology. Annual synergies are estimated at $20 million-$40 million, with benefits beginning to materialize in 2027 and building thereafter. Management said the synergies will come from best-practice implementation, scale effects, footprint optimization, and better use of existing equipment.
- Expanded Strategic Capabilities and Commercial PipelineThe acquisition expanded Nemak's technological capabilities, customer relationships, geographic reach, and participation in e-mobility structure and chassis applications. It also broadened the product portfolio with engineered aluminum and magnesium components. Management reported increased commercial activity, a more robust order book, and a growing pipeline with existing and new customers.
- Successful Debt RefinancingNemak fully refinanced its €500 million, 2.25% senior notes due in 2028 through a combination of a 7.4 billion Mexican peso local bond issuance swapped into approximately €371 million and a €130 million five-year bank facility. The transaction extended average debt life from approximately 3.2 years to 4.0 years, diversified funding sources, reduced refinancing risk, and completed liability management for 100% of outstanding notes.
- Strong New Business AwardsNemak secured approximately $220 million in annual revenue from awarded contracts during the third quarter, bringing the year-to-date total to approximately $620 million. This already exceeds the $440 million of awarded business secured during full-year 2025.
- Balanced Business Award Mix and Chinese OEM ExpansionThe awarded business mix was 70% ICE powertrain and 30% e-mobility structure and chassis applications. Approximately 20% of awarded business came from recently added Chinese OEM customers, supporting Nemak's efforts to broaden its customer base and expand in China.
- New Structural and Chassis Production LaunchesNemak launched a magnesium cross car beam for a premium European OEM in Austria and initiated production of longitudinal members and shock towers for another premium OEM across Europe, North America, and China. It also launched lightweight shock tower programs with two leading Chinese OEMs. The platforms support internal combustion, hybrid, and fully electric vehicles and are powertrain agnostic.
- ICE Powertrain Production LaunchesNemak began manufacturing its first rotacast V8 engine block at a facility in Germany and launched production of a complex 7.3-liter cylinder head in North America. Management said these launches demonstrate the competitiveness of its proprietary technologies and the continued relevance of the ICE powertrain segment.
- Customer Recognition for Quality and SustainabilityNemak's Chongqing, China operation received a Quality Excellence Award from Beijing Benz Automotive. Its Chennai, India operation received a Supplier Sustainability Award from Tata Motors for wastewater management, environmental stewardship, and operational excellence.
- Resilient North American Market ConditionsNorth American consumer demand remained resilient, with light vehicle sales stable year-over-year and industry inventories steady at approximately 51 days of supply. Nemak's North American revenue increased 15% year-over-year to $747 million, while EBITDA increased 9% to $73 million as product mix and commercial negotiations more than offset the appreciation of the Mexican peso.
- European Sales and Electrification GrowthEuropean light vehicle sales increased approximately 5% year-over-year, supported by broader model availability, improving affordability, and continued electrification trends. Battery electric vehicles represented nearly one-quarter of new vehicle registrations. Nemak's European revenue increased 30% to $522 million and EBITDA increased 32% to $66 million, primarily due to the acquired operations and higher aluminum prices.
- Favorable South American ConditionsSouth American light vehicle sales grew 11% year-over-year and regional production increased approximately 3%, supported by new model launches, fleet renewal, healthy labor market conditions, manufacturing investments, new production lines, and expansion by Chinese OEMs.
- Augusta, Georgia Ramp-Up ProgressThe Augusta, Georgia facility began deliveries to BMW a couple of weeks before the call at a very limited volume and is ramping up step by step. The facility will supply lateral side members for BMW's new U.S. SUV platforms using a 6,100-ton giga-casting machine. Management said the previously communicated annual revenue outlook of $170 million to $200 million remains valid, and the customer is pushing for a steeper ramp-up. Positive EBITDA is expected as soon as next year, subject to volume ramp-up.
- Expected Reduction in CapEx Intensity and Higher Cash GenerationManagement expects most of the Augusta-related investment to be concluded by 2026, with only some carryover into 2027. CapEx should gradually decline, although the final 2027 figure will depend on new business awards. Management expects to generate more cash flow through lower CapEx and increased operating results.
- Deleveraging TargetNemak reaffirmed its medium-term target of reducing net debt to EBITDA toward 2.0 times through EBITDA growth, disciplined capital allocation, and free cash flow generation. Management said acquisition benefits and synergies should begin contributing to leverage reduction in 2027.
- Potential Benefit from European Content MeasuresManagement expects a positive impact for Nemak from European measures intended to protect regional industrial labor and content, because limiting imports of Chinese cars would benefit the local OEMs that Nemak serves.
- Commercial Negotiations Supported GrowthSeveral customer commercial negotiations were closed during the quarter and contributed to financial results. Management did not quantify the EBITDA contribution because of confidentiality provisions and said such negotiations occur periodically, with varying sizes.
MX:NEMAKA Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 24, 2027 | 2026 (Q4) | ―- | -0.25 | ― | ― |
| Oct 21, 2026 | 2026 (Q3) | 0.010.00 | 0.16 | -99.36% (-0.15) | |
| Jul 21, 2026 | 2026 (Q2) | 0.03-0.08 | -0.03 | -139.39% (-0.05) | |
| Apr 29, 2026 | 2026 (Q1) | 0.090.09 | -0.06 | 260.34% (+0.15) | |
| Feb 24, 2026 | 2025 (Q4) | 0.03-0.25 | -0.35 | 27.17% (+0.09) | |
| Oct 22, 2025 | 2025 (Q3) | 0.080.16 | 0.05 | 188.89% (+0.10) | |
| Jul 16, 2025 | 2025 (Q2) | 0.13-0.03 | 0.29 | -111.34% (-0.32) | |
| Apr 23, 2025 | 2025 (Q1) | 0.09-0.06 | 0.24 | -124.27% (-0.30) | |
| Feb 19, 2025 | 2024 (Q4) | -0.14-0.35 | -0.18 | -94.38% (-0.17) | |
| Oct 16, 2024 | 2024 (Q3) | 0.070.05 | 0.16 | -67.07% (-0.11) |
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
