EarningsQ2 2026 Earnings Report

Nemak SAB de CV (NMAKF) Q2 2026 Earnings Report

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Previous Report: Q1 2026

NMAKF Q2 2026 EPS Results

Actual EPS>-$0.01

Consensus EPS<$0.01

Beat/MissMissed by -<$0.01

One Year Ago EPS>-$0.01

NMAKF Q2 2026 Revenue Results

Actual Revenue$1.43B

Expected Revenue$1.41B

Beat/MissBeat by +$18.87M

YoY Revenue Growth+5.62%

Earnings Announcement Details

QuarterQ2 2026

Date07/21/2026

TimeTBA

Conference CallTuesday, July 21, 2026

NMAKF Upcoming Earnings

Nemak SAB de CV's next earnings date is estimated for October 21, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Jul 21, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call reflected solid top-line progress driven by the GF acquisition and higher aluminum prices, tangible integration progress (100-day phase complete), sequential margin improvement, synergies estimated at $20–$40 million, and meaningful e‑mobility program wins and facility milestones (Georgia). However, near-term profitability was pressured by one-time/integration costs, extraordinary North American operating costs (estimated $7–$10 million/quarter), FX headwinds from Mexican peso appreciation, a pro forma increase in leverage (~2.9x), and a $13 million net loss. Management expressed confidence in gradual normalization of extraordinary costs, delivery of synergies by 2027, and achievement of guidance, giving a cautiously optimistic outlook.

Company Guidance

Management reaffirmed FY2026 EBITDA guidance of about $640 million and said they remain comfortable reaching it, pointing to sequential improvement (EBITDA margin up from 9% in Q1 to 11% in Q2) and an expected H2 acceleration as extraordinary North America costs ($7–10M/quarter) phase off; Q2 results included revenue of $1.5B (up 19% YoY, including $157M from the Georg Fischer acquisition), EBITDA $171M (down 6% YoY from $182M), operating income $49M, net loss $13M, ICE powertrain revenue ~$1.3B and e‑mobility/structure/chassis ~$197M (13% of revenue). Key financials tied to the guidance: net debt ~$1.76B (pro forma net-debt/EBITDA ~2.9x vs 2.4x year‑end, target ~2.0x medium term), cash ~$284M, interest coverage 5.2x, Q2 capex $110M, recurring SG&A ~$110M/quarter, and working capital expected to normalize in H2; management also expects GF synergies of $20–40M captured by 2027 and sees the new Georgia facility eventually supporting $170–200M of annual revenue.

Strong Revenue Growth

Total revenue of $1.5 billion, up 19% year-over-year, driven primarily by the consolidation of Georg Fischer Casting Solutions (GF) and higher aluminum prices.

Acquisition Contribution and Synergy Potential

GF Casting Solutions contributed approximately $157 million of revenue in the quarter; management estimates synergies of $20 million to $40 million to be captured by 2027 following successful completion of the initial 100-day integration phase.

Sequential Margin Improvement

EBITDA of $171 million (down 6% YoY) but EBITDA margin expanded sequentially from 9% in Q1 to 11% in Q2, reflecting early benefits of improvement plans and greater production stability.

E‑Mobility, Structure & Chassis Momentum

E‑Mobility, structure and chassis revenue was approximately $197 million, representing 13% of consolidated revenue. Year-to-date awarded contracts of ~$400 million (60% ICE, 40% E‑Mobility/structure/chassis) and multiple program starts/ramp-ups across regions (e.g., Mercedes EV battery housing, Ford mega brace, SAIC/BYD/Li Auto components).

Georgia Mega Casting Facility Nearing Production

Construction substantially completed with first production shot achieved; operations expected to begin in H2 2026 with ramp through 2027–2028 and estimated midterm annual revenue potential of $170–$200 million.

Regional Strength in Europe and Rest of World

Europe revenue up 39% YoY to $571 million with EBITDA up 17% to $80 million (benefiting from GF integration and FX). Rest of world revenue up 34% to $229 million with EBITDA up 21% to $30 million.

Solid Liquidity and Coverage Metrics

Cash & equivalents of ~$284 million and interest coverage improved to 5.2x (from 4.9x last year), providing liquidity and financial flexibility to support integration and capex plans.

Sustainability and Quality Recognition

Included in the Dow Jones best-in-class indices for the 7th consecutive year and received a Porsche supplier A-grade rating at Altenmarkt and Dillingen facilities, underscoring ESG performance and supplier quality.

NMAKF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 21, 2026	2026 (Q3)	<0.01 / -	0.009	―
Jul 21, 2026	2026 (Q2)	<0.01 / >-0.01	-0.002	81.82% (<+0.01)
Apr 29, 2026	2026 (Q1)	<0.01 / <0.01	-0.003	260.34% (<+0.01)
Feb 24, 2026	2025 (Q4)	<0.01 / -0.01	-0.019	27.17% (<+0.01)
Oct 22, 2025	2025 (Q3)	<0.01 / <0.01	0.003	188.89% (<+0.01)
Jul 16, 2025	2025 (Q2)	<0.01 / >-0.01	0.016	-111.34% (-0.02)
Apr 23, 2025	2025 (Q1)	<0.01 / >-0.01	0.013	-124.27% (-0.02)
Feb 19, 2025	2024 (Q4)	>-0.01 / -0.02	-0.01	-94.38% (>-0.01)
Oct 16, 2024	2024 (Q3)	<0.01 / <0.01	0.009	-67.07% (>-0.01)
Jul 16, 2024	2024 (Q2)	>-0.01 / 0.02	0.006	171.96% (+0.01)

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