Filing Flows › Materion (MTRN) › Q2 2026
Materion (MTRN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Materion (MTRN) reported revenue of $614M for the second quarter 2026 (Q2 2026), +42% from a year earlier and +12% from the quarter before. Operating margin was 8.4%, net earnings $38.8M (6.3% of revenue).
Materion, Q2 2026: revenue $614M (+42% year over year), operating margin 8.4%, net earnings $38.8M, operating cash flow $74.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $614M | +12% | +42% |
| Gross profit | $104M | +28% | +26% |
| Operating profit | $51.7M | +84% | +40% |
| Net earnings | $38.8M | +100% | +54% |
| Operating cash flow | $74.8M | — | +50% |
| Free cash flow | $58.7M | — | +64% |
What changed
Revenue was $613.9M in Q2 2026, up 42% year over year and up 12% from the previous quarter. Semiconductor was the largest line at 50% of revenue. Semiconductor added $113.1M year over year (up 59%), 62% of the total change. Life sciences declined 6%.
Gross margin was 17.0%, down 2.2 points from Q2 2025. Operating profit was $51.7M, a 8.4% margin (down 0.1 points year over year). Of the extra revenue versus Q2 2025, 8% reached operating profit, below the 9% margin then. Operating expenses grew 15% against revenue growth of 42%. The fastest-growing cost line was SG&A (+21%). Net earnings were $38.8M, up 54% year over year. The effective tax rate was 12.9%.
Operating cash flow was $74.8M (up 50% year over year), 193% of net earnings. Non-cash charges added back $19.2M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items added $11.6M. After payments for purchase of property, plant and equipment ($14.5M) and payments for mine development ($1.6M), free cash flow as the company reports it was $58.7M.
Questions
What was Materion's revenue in the second quarter 2026?
Materion (MTRN) reported revenue of $614M for the second quarter 2026 (Q2 2026), +42% from a year earlier and +12% from the quarter before.
Was Materion profitable in the second quarter 2026?
Operating profit was $51.7M (8.4% of revenue) and net earnings $38.8M.
Source: Materion 10-Q on SEC EDGAR.