Filing Flows › Materion (MTRN) › Q2 2026 › vs Q2 2025
Materion (MTRN) Q2 2026 vs Q2 2025 (year over year)
Materion's revenue rose $182M (+42%) from $432M in Q2 2025 to $614M in Q2 2026. The biggest changes: Semiconductor +$113M (+59%); Energy +$27.1M (+106%); Aerospace and defense +$21.4M (+40%). Gross margin 17.0% against 19.1% (-2.2 pts).
Materion, Q2 2026: revenue $614M (+42% year over year), operating margin 8.4%, net earnings $38.8M, operating cash flow $74.8M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 17.0% | 19.1% | -2.2 pts |
| Operating margin | 8.4% | 8.5% | -0.1 pts |
| Net margin | 6.3% | 5.8% | +0.5 pts |
| Free cash flow margin | 9.6% | 8.3% | +1.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Semiconductor | $305M | $192M | $113M | +59% |
| Aerospace and defense | $74.7M | $53.3M | $21.4M | +40% |
| Consumer electronics | $60.2M | $60.1M | $107K | +0.2% |
| Industrial | $56.3M | $45.8M | $10.5M | +23% |
| Energy | $52.8M | $25.7M | $27.1M | +106% |
| Other | $31.1M | $20.3M | $10.8M | +53% |
| Automotive | $20.5M | $20.5M | $53K | +0.3% |
| Life sciences | $13.2M | $14.1M | −$827K | -6% |
| Revenue | $614M | $432M | $182M | +42% |
| Gross profit | $104M | $82.7M | $21.7M | +26% |
| Cost of revenue | $510M | $349M | $161M | +46% |
| Operating profit | $51.7M | $36.8M | $14.9M | +40% |
| Operating expenses | $52.6M | $45.8M | $6.8M | +15% |
| Pre-tax earnings | $44.5M | $29.2M | $15.3M | +53% |
| Other expense, net | $7.2M | $7.7M | −$454K | -6% |
| Research & development | $6.6M | $6.4M | $149K | +2% |
| SG&A | $42.3M | $35.0M | $7.3M | +21% |
| Other operating costs | $3.7M | $4.4M | −$639K | -15% |
| Net earnings | $38.8M | $25.1M | $13.6M | +54% |
| Income tax | $5.7M | $4.0M | $1.7M | +43% |
| Depreciation & amortization | $19.2M | $17.5M | $1.7M | +10% |
| Share-based compensation | $5.3M | $2.5M | $2.8M | +115% |
| Working capital & other | $11.6M | $4.8M | $6.8M | +140% |
| Operating cash flow | $74.8M | $49.9M | $24.9M | +50% |
| Free cash flow (company-reported) | $58.7M | $35.7M | $23.0M | +64% |
| Payments for purchase of property, plant and equipment | $14.5M | $12.7M | $1.8M | +14% |
| Payments for mine development | $1.6M | $1.5M | $100K | +7% |
Questions
How much did Materion's revenue grow year over year in Q2 2026?
Materion's revenue rose $182M (+42%) from $432M in Q2 2025 to $614M in Q2 2026.
What drove Materion's revenue change in Q2 2026?
Semiconductor +$113M (+59%); Energy +$27.1M (+106%); Aerospace and defense +$21.4M (+40%).