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Materion (MTRN) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Materion (MTRN) Q3 2026 earnings results →
Q3 2026 Revenue up 28% year over year to $567M · 7¢ of every $1 of revenue kept as net profit · operating margin 8.9%
Materion made $567M in Q3 2026 (+28% Y/Y): Semiconductor $282M, Aerospace and defense $74.1M, Industrial $54.9M. Operating margin 8.9%, net earnings $38.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $567.3M in Q3 2026, up 28% year over year and down 8% from the previous quarter. Semiconductor was the largest line at 50% of revenue. Semiconductor added $73.4M year over year (up 35%), 60% of the total change. Consumer electronics declined 3%.
Gross margin was 18.3%, down 1.1 points from Q3 2025. Operating profit was $50.4M, a 8.9% margin (up 1.0 points year over year). Of the extra revenue versus Q3 2025, 13% reached operating profit, above the 8% margin then. Operating expenses grew 4% against revenue growth of 28%. The fastest-growing cost line was SG&A (+11%). Net earnings were $38.3M, up 51% year over year. The effective tax rate was 13.2%.
Operating cash flow was $72.2M (up 295% year over year), 188% of net earnings. Non-cash charges added back $19.7M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $10.3M. After payments for purchase of property, plant and equipment ($14.5M) and payments for mine development ($11.9M), free cash flow as the company reports it was $45.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $567M | +28% | 8.9% | $38.3M | $72.2M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $614M | +42% | 8.4% | $38.8M | $74.8M |
| Q1 2026 | 10-Q | Apr 29, 2026 | $550M | +31% | 5.1% | $19.4M | −$4.3M |
| Q4 2025 | 10-K | Feb 12, 2026 | $490M | +12% | 2.2% | $6.6M | $19.5M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $445M | +2% | 7.9% | $25.4M | $18.3M |
| Q2 2025 | 10-Q | Jul 30, 2025 | $432M | +1% | 8.5% | $25.1M | $49.9M |
| Q1 2025 | 10-Q | May 1, 2025 | $420M | +9% | 6.5% | $17.7M | $15.5M |
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About Materion
Materion Corporation (referred to herein as the Company, our, we, or us), through its wholly owned subsidiaries, is an integrated producer of high-performance advanced engineered materials used in a variety of electrical, electronic, thermal, and structural applications with $1.8 billion in net sales in 2025. The Company was incorporated in Ohio in 1931. Our products are sold into numerous end markets, including semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and life sciences. Our businesses are organized under four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. Our Other reportable segment includes unallocated corporate costs. Additional information regarding our segments and business is presented below.
In its own words, from its 10-K, filed Feb 12, 2026.
Materion against its Metal Forgings & Stampings peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +28% against the peers' median +18%. Operating margin: 8.9% against the peers' median 6.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MTRN Materion | Q3 2026 | $567M | +28% | 8.9% |
| Park Ohio Industries | Q3 2026 | $458M | +15% | 5.8% |
| TRS Trimas | Q2 2026 | $175M | +2% | 6.2% |
| MEC Mayville Engineering Company | Q3 2026 | $170M | +18% | 2.5% |
Source: Materion 10-Q on SEC EDGAR · CIK 1104657 · Metal Forgings & Stampings
Guidance and outlook
13F: who owns MTRN and who is buying
More on MTRN
- How Materion makes money: revenue by segment
- Materion next earnings date and what analysts expect
- Materion stock forecast, price target and fair value
- Who owns Materion stock: holders, funds and Congress trades
- Materion guidance and outlook
- Is Materion a takeover target? LBO and rumors
- Materion recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Materion guidance history: guided vs reported
- Materion gross margin by quarter
- Materion operating margin by quarter
- Materion net income by quarter
- Materion free cash flow by quarter
- Materion R&D spending by quarter
- Materion capital expenditures by quarter
- Materion Semiconductor revenue by quarter
- Materion Aerospace and defense revenue by quarter
- Materion Industrial revenue by quarter