Filing Flows › Materion (MTRN) › Q1 2026
Materion (MTRN) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Materion (MTRN) reported revenue of $550M for the first quarter 2026 (Q1 2026), +31% from a year earlier and +12% from the quarter before. Operating margin was 5.1%, net earnings $19.4M (3.5% of revenue).
Materion, Q1 2026: revenue $550M (+31% year over year), operating margin 5.1%, net earnings $19.4M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $550M | +12% | +31% |
| Gross profit | $81.8M | +29% | +7% |
| Operating profit | $28.2M | +160% | +4% |
| Net earnings | $19.4M | +195% | +9% |
| Operating cash flow | −$4.3M | -122% | -128% |
What changed
Revenue was $549.8M in Q1 2026, up 31% year over year and up 12% from the previous quarter. Semiconductor was the largest line at 58% of revenue. Semiconductor added $130.2M year over year (up 69%), 101% of the total change. Consumer electronics declined 37%.
Gross margin was 14.9%, down 3.2 points from Q1 2025. Operating profit was $28.2M, a 5.1% margin (down 1.3 points year over year). Of the extra revenue versus Q1 2025, 1% reached operating profit, below the 6% margin then. Operating expenses grew 10% against revenue growth of 31%. The fastest-growing cost line was Other operating costs (+61%). Net earnings were $19.4M, up 9% year over year. The effective tax rate was 7.3%.
Operating cash flow was −$4.3M. Non-cash charges added back $18.4M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $45.5M. Capital expenditures of $15.3M exceeded it, leaving free cash flow of −$19.6M.
Questions
What was Materion's revenue in the first quarter 2026?
Materion (MTRN) reported revenue of $550M for the first quarter 2026 (Q1 2026), +31% from a year earlier and +12% from the quarter before.
Was Materion profitable in the first quarter 2026?
Operating profit was $28.2M (5.1% of revenue) and net earnings $19.4M.
Source: Materion 10-Q on SEC EDGAR.