Education
About Us
Working with TipRanks
Follow Us
Ferroglobe PLC (GSM)
NASDAQ:GSM
Earnings Data
Report Date
May 12, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.2Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a cautiously optimistic strategic outlook: 2025 operational and financial results were weak (sharp YoY EBITDA decline, negative free cash flow in Q4 and ongoing silicon metal headwinds), but management secured meaningful structural positives — EU safeguards and U.S. antidumping rulings, furnace conversions to higher‑value alloys, a long‑term French energy agreement, targeted share repurchases and dividend increases, and a clear 2026 revenue/growth guide (+~20% at midpoint). Strong momentum in silicon‑based alloys and manganese segments, along with working‑capital improvements and booked incremental business, provide a credible pathway to recovery in 2026. Overall, the strategic and regulatory wins materially improve the medium‑term outlook, even though near‑term profitability and silicon metal exposure remain key risks.Company Guidance
Trade Measures Secured in EU and U.S.
European Commission safeguards implemented (targeting a 25% reduction in imports vs. 2022-2024 baseline) and U.S. International Trade Commission rulings imposing antidumping and countervailing duties on ferrosilicon imports (Brazil, Kazakhstan, Malaysia and prior action vs. Russia) — these measures materially improve competitive conditions and long-term outlook for ferrosilicon and manganese alloys.
Production Flexibility via Furnace Conversions
Converted three furnaces from silicon metal to ferrosilicon (1 in U.S., 2 in Europe) to optimize production mix and rapidly respond to improving ferrosilicon economics and trade-driven demand shifts.
New 10-Year French Energy Agreement
Signed a competitive 10-year energy contract effective Jan 1, 2026, providing lower energy costs and operational flexibility (ability to produce up to 12 months/year in France) which should improve earnings potential and fixed-cost leverage.
Strong Q4 Volume and Revenue Momentum in Alloy Segments
Total shipments increased 13% to 165,000 tons; Q4 revenue rose 6% sequentially to $329 million. Silicon-based alloys volumes increased 19% to 51,000 tonnes and manganese alloys volumes increased 16% to 81,000 tonnes.
Material Margin Recovery in Silicon-Based Alloys
Silicon-based alloys revenue up 12% to $104 million; adjusted EBITDA increased from $12 million to $60 million QoQ and margins expanded to 15% (up ~160 bps) driven by higher volumes and lower costs in Spain.
Manganese Segment Strength
Manganese-based alloys revenue increased 10% to $93 million; adjusted EBITDA doubled QoQ to $9 million and margins rose to 9% (from 5%), supported by EU safeguards, broader customer base and higher volumes.
Capital Allocation: Dividends and Buybacks
Increased dividend (announced another 7% increase to $0.15 per share starting Q1 2026) and executed discretionary share repurchases (~1.2–1.3 million shares at an average price of ~$3.55), demonstrating shareholder-friendly allocation despite a tough year.
2026 Revenue Guidance and Positive Volume Outlook
Management expects 2026 revenues of $1.5 billion to $1.7 billion (approx. +20% at midpoint vs. 2025) driven primarily by volume growth in silicon-based and manganese-based alloys and benefits from trade measures and booked incremental business.
Cash Generation & Working Capital Improvement
Generated $51 million cash from operations for the full year, driven by a $48 million improvement in net working capital; reduced 2025 CapEx by ~20% to ~$63 million (sustaining capex expected to be similar or slightly lower in 2026).
Strategic Investment in EV Battery Technology
Increased investment to $10 million in 2025 in advanced silicon for EV batteries (Corcel); initial shipments to defense and robotics customers expected in Q1 2026 and a multiyear supply agreement is being finalized, representing longer-term growth/differentiation potential.
GSM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GSM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $4.82 | $5.02 | +4.15% |
Nov 05, 2025 | $4.50 | $4.13 | -8.22% |
Aug 05, 2025 | $4.01 | $4.38 | +9.23% |
May 07, 2025 | $3.38 | $3.44 | +1.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ferroglobe PLC (GSM) report earnings?
Ferroglobe PLC (GSM) is schdueled to report earning on May 12, 2026, TBA (Confirmed).
What is Ferroglobe PLC (GSM) earnings time?
Ferroglobe PLC (GSM) earnings time is at May 12, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GSM EPS forecast?
GSM EPS forecast for the fiscal quarter 2026 (Q1) is -0.05.