Filing Flows › Century Aluminum (CENX) › Q2 2026 › vs Q1 2026
Century Aluminum (CENX) Q2 2026 vs Q1 2026 (quarter over quarter)
Century Aluminum's revenue rose $103M (+16%) from $649M in Q1 2026 to $752M in Q2 2026. The biggest changes: Aluminum +$114M (+19%); Alumina −$11.1M (-18%). Gross margin 30.3% against 18.3% (+12.0 pts).
Century Aluminum, Q2 2026: revenue $752M (+20% year over year), operating margin 28.1%, net earnings $249M, operating cash flow $168M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 30.3% | 18.3% | +12.0 pts |
| Operating margin | 28.1% | 57.6% | -29.5 pts |
| Net margin | 33.1% | 52.0% | -18.8 pts |
| Free cash flow margin | 14.4% | -1.0% | +15.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Aluminum | $702M | $588M | $114M | +19% |
| Alumina | $50.2M | $61.3M | −$11.1M | -18% |
| Revenue | $752M | $649M | $103M | +16% |
| Gross profit | $228M | $119M | $109M | +92% |
| Cost of revenue | $524M | $530M | −$6.2M | -1% |
| Other income, net | $44.3M | −$45.2M | $89.5M | — |
| Operating profit | $212M | $374M | −$162M | -43% |
| Operating expenses | $16.3M | $0 | $16.3M | — |
| Pre-tax earnings | $256M | $329M | −$72.9M | -22% |
| Loss borne by minority interests | $5.5M | $10.5M | −$5.0M | -48% |
| Net earnings | $249M | $338M | −$88.2M | -26% |
| Income tax | $12.1M | $1.8M | $10.3M | +572% |
| Depreciation & amortization | $16.9M | $22.7M | −$5.8M | -26% |
| Share-based compensation | $2.5M | $9.4M | −$6.9M | -73% |
| Working capital & other | $101M | $301M | −$200M | -66% |
| Operating cash flow | $168M | $68.4M | $99.2M | +145% |
| Free cash flow (OCF − capex) | $108M | −$6.4M | $114M | — |
| Capital expenditures | $59.6M | $74.8M | −$15.2M | -20% |
Questions
How much did Century Aluminum's revenue grow quarter over quarter in Q2 2026?
Century Aluminum's revenue rose $103M (+16%) from $649M in Q1 2026 to $752M in Q2 2026.
What drove Century Aluminum's revenue change in Q2 2026?
Aluminum +$114M (+19%); Alumina −$11.1M (-18%).