10-Q

Quarterly report

✓ VerifiedMaterion reported second quarter net sales of $613.9 million, up $182.2 million, with diluted earnings per share of $1.84, driven mainly by the Electronic Materials segment.

Filed Aug 5, 2026 · 14:59 ET

Summary

Net sales of $613.9 million in the second quarter of 2026 increased $182.2 million from $431.7 million in the second quarter of 2025, primarily attributable to the Electronic Materials segment.
Electronic Materials net sales rose 67% to $375.2 million, with higher pass-through metal pricing contributing $94.6 million compared to the second quarter of 2025.
Diluted earnings per share was $1.84 in the second quarter of 2026 compared to $1.21 in the second quarter of 2025.
On July 9, 2025, the Company completed the acquisition of certain tantalum manufacturing assets in Dangjin City, South Korea, from Konasol Co., Ltd. for a total purchase price of approximately $19.5 million.
The Company received an adverse ruling on May 13, 2026 from the Frankfurt am Main Regional Court in a matter involving Heraeus over the theft of 50 kilograms of gold granulate, valued at approximately $6.7 million as of July 3, 2026, and has appealed.
For the full year 2026, the Company expects payments for property, plant, and equipment to be approximately $100 million.

Key facts

Q2 net sales: $613.9 million
From the filing for Q2 net sales
“Net sales of $613.9 million in the second quarter of 2026 increased $182.2 million from $431.7 million in the second quarter of 2025.”
Q2 diluted EPS: $1.84
From the filing for Q2 diluted EPS
“Diluted earnings per share $ 1.84 $ 1.21 $ 0.63 52 %”
Electronic Materials net sales: $375.2 million
From the filing for Electronic Materials net sales
“Net sales from the Electronic Materials segment of $375.2 million in the second quarter of 2026 increased by 67% compared to net sales of $224.4 million”
Metal pass-through impact: $94.6 million
From the filing for Metal pass-through impact
“Higher pass-through metal pricing contributed $94.6 million compared to the second quarter of 2025.”
Korea acquisition price: approximately $19.5 million
From the filing for Korea acquisition price
“The total purchase price was approximately $ 19.5 million, which was paid in cash on the date of acquisition.”
Six-month net sales: $1,163.7 million
From the filing for Six-month net sales
“Net sales of $1,163.7 million in the first six months of 2026 increased $311.7 million from $852.0 million in the first six months of 2025.”
Heraeus gold matter: approximately $6.7 million
From the filing for Heraeus gold matter
“the gold was valued at approximately $ 2.5 million and is valued at approximately $ 6.7 million as of July 3, 2026”
2026 capex expectation: approximately $100 million
From the filing for 2026 capex expectation
“the Company expects payments for property, plant, and equipment to be approximately $100 million”

Why it mattersThe quarter shows sharply higher net sales driven by precious metal pass-through pricing and semiconductor, energy, and aerospace and defense volume, while value-added sales rose 15%. The Korea tantalum acquisition and Heraeus gold ruling disclose specific operational and legal developments.

Filed: Aug 5, 2026
Accepted: 2026-08-05 18:59Z
Period: Jul 3, 2026
Accession no.: 0001104657-26-000044
Size: 9.3 MB
Index: Filing index

Summary

Documents