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Graftech International (EAF) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 23, 2026 · Graftech International (EAF) Q3 2026 earnings results →
Q3 2026 Revenue down 3% year over year to $140M · 33¢ of every $1 of revenue lost · operating margin -16.2%
Graftech International made $140M in Q3 2026 (-3% Y/Y): Graphite Electrodes $120M, By-products and other $19.8M. Operating margin -16.2%, net loss $46.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 23, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $140.2M in Q3 2026, down 3% year over year and up 10% from the previous quarter. Graphite Electrodes was the largest line at 86% of revenue. Graphite Electrodes lost $12.5M year over year (down 9%), 326% of the total change.
Gross margin was 4.0%, down 3.1 points from Q3 2025. Operating costs exceeded revenue by $22.7M, an operating margin of -16.2%. Operating expenses grew 83% against a revenue fall of 3%. The quarter ended with a net loss of $46.8M, wider than the previous quarter's $40.5M loss. Net interest and other expense of $24.0M was the main reason.
Operating cash flow was −$8.4M. Non-cash charges added back $15.3M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $21.8M. Capital expenditures of $7.8M exceeded it, leaving free cash flow of −$16.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 23, 2026 | $140M | -3% | -16.2% | −$46.8M | −$8.4M |
| Q2 2026 | 10-Q | Jul 24, 2026 | $127M | -3% | -11.4% | −$40.5M | −$68.6M |
| Q1 2026 | 10-Q | May 1, 2026 | $125M | +12% | -24.5% | −$43.3M | −$14.9M |
| Q4 2025 | 10-K | Feb 13, 2026 | $116M | -13% | -33.6% | −$65.1M | −$20.9M |
| Q3 2025 | 10-Q | Oct 24, 2025 | $144M | +10% | -3.6% | −$28.5M | $24.7M |
| Q2 2025 | 10-Q | Jul 25, 2025 | $132M | -4% | -11.0% | −$86.9M | −$53.2M |
| Q1 2025 | 10-Q | Apr 25, 2025 | $112M | -18% | -16.3% | −$39.4M | −$32.2M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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About Graftech International
GrafTech International Ltd., founded in 1886 and incorporated in Delaware, is a leading manufacturer of high-quality graphite electrode products essential to the production of EAF steel and other ferrous and non-ferrous metals. We believe that we have a competitive portfolio of low-cost ultra-high power (“UHP”) graphite electrode manufacturing facilities, with some of the highest capacity facilities in the world. We have graphite electrode manufacturing facilities in Calais, France; Pamplona, Spain; Monterrey, Mexico and St. Marys, Pennsylvania (idled in 2024). We are the only large-scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, our key raw material for graphite electrode manufacturing. This unique position provides us with a number of competitive advantages.
In its own words, from its 10-K, filed Feb 13, 2026.
Graftech International against its Electrical Industrial Apparatus peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -3% against the peers' median +21%. Operating margin: -16.2% against the peers' median 12.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EAF Graftech International | Q3 2026 | $140M | -3% | -16.2% |
| BE Bloom Energy | Q3 2026 | $1.2B | +138% | 18.2% |
| WWD Woodward | Q3 FY26 | $1.1B | +21% | 17.4% |
| FPS Forgent Power Solutions | Q4 FY26 | $462M | +94% | 19.9% |
| PLUG Plug Power | Q2 2026 | $178M | +2% | -36.0% |
| EROC ERock | Q2 2026 | $39.9M | -42% | -49.8% |
| FCEL Fuelcell Energy | Q3 FY26 | $33.0M | -29% | -141.4% |
| SCIA SCI Engineered Materials | Q3 2026 | $8.1M | +52% | 12.4% |
Source: Graftech International 10-Q on SEC EDGAR · CIK 931148 · Electrical Industrial Apparatus
13F: who owns EAF and who is buying
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results