Filing Flows › Materion (MTRN) › Q3 2026
Materion (MTRN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Materion (MTRN) reported revenue of $567M for the third quarter 2026 (Q3 2026), +28% from a year earlier and -8% from the quarter before. Operating margin was 8.9%, net earnings $38.3M (6.8% of revenue).
Materion, Q3 2026: revenue $567M (+28% year over year), operating margin 8.9%, net earnings $38.3M, operating cash flow $72.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $567M | -8% | +28% |
| Gross profit | $104M | -0.6% | +20% |
| Operating profit | $50.4M | -3% | +44% |
| Net earnings | $38.3M | -1% | +51% |
| Operating cash flow | $72.2M | -4% | +295% |
| Free cash flow | $45.8M | — | — |
What changed
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.
Questions
What was Materion's revenue in the third quarter 2026?
Materion (MTRN) reported revenue of $567M for the third quarter 2026 (Q3 2026), +28% from a year earlier and -8% from the quarter before.
Was Materion profitable in the third quarter 2026?
Operating profit was $50.4M (8.9% of revenue) and net earnings $38.3M.
Source: Materion 10-Q on SEC EDGAR.