Education
About Us
Working with TipRanks
Follow Us
Materion Corp (MTRN)
NYSE:MTRN
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.25Last Year’s EPS
1.13Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a balanced picture: significant operational and commercial progress across Electronic Materials and Precision Optics (strong revenue growth, margin expansion, record bookings, and a growing backlog), plus constructive 2026 guidance and strategic investments (defense beryllium capacity). These positives were offset by a material quality event in Precision Clad Strip that led to temporarily idled facilities, a sharp revenue and EBITDA decline in Performance Materials for the quarter, working capital and cash flow pressure from the disruption, and near-term restart costs. Management framed the Clad Strip event as contained with corrective actions implemented and expects a ramp in 2026. Given the breadth of growth drivers, margin improvement, record bookings, and forward guidance that outweigh the isolated but meaningful operational setback, the overall tone is cautiously optimistic.Company Guidance
Electronic Materials: Strong Quarter and Margin Expansion
Value-added sales of $94.1M in Q4, up 20% year-over-year and up 18% sequentially; full-year organic growth of 8%. Adjusted EBITDA of $22.0M representing a 23.4% margin, with ~500 basis points improvement year-over-year. Management expects continued top-line growth in 2026 driven by semiconductor demand (AI, HPC, data storage).
Precision Optics Transformation and Growth
Q4 value-added sales of $27.4M, up 26% year-over-year; Q4 adjusted EBITDA $4.3M (15.7% margin). This marked the third consecutive quarter of top-line improvement and fourth consecutive quarter of improved bottom-line results, with the business tracking ahead of plan across semiconductor, space, defense, and automotive end markets.
Backlog, Bookings and Demand Momentum
Backlog increased ~7% year-over-year and improved 12% in the second half versus the first half. New business bookings reached nearly $140M (highest ever) with an additional $35M already booked this year and an approximately $200M pipeline of RFQs. Semiconductor order rates up 6% year-over-year (14% excluding China).
Defense and Strategic Investment
Defense sales surpassed $100M for the second consecutive year and have grown ~10% annually since 2020. Company secured a $65M investment from a major U.S. defense prime to expand beryllium capacity to support near- and multi-year defense demand and enable sustained double-digit growth in out years.
Full-Year Profitability and 2026 Guidance
Full-year adjusted EBITDA of $217M (20.7% of VA sales), up 50 basis points year-over-year despite top-line headwinds. Adjusted EPS for the year was $5.44, up 2% year-over-year. Management guides 2026 adjusted EPS of $6.00–$6.50 (approximately 15% growth at midpoint) and progress toward a mid-term EBITDA margin target of 23%.
Quarterly Margin and EPS Improvement
Q4 adjusted EBITDA was $57.0M (22.5% of value-added sales), with margin expansion of 170 basis points sequentially. Quarterly adjusted earnings per share were $1.053, up 9% sequentially.
New Energy and Market Diversification
New energy sales more than doubled year-over-year and order rates for the new energy market rose over 50%. Company signed a multiyear supply agreement with Commonwealth Fusion Systems and noted meaningful momentum in energy and space end markets.
MTRN 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
MTRN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $157.11 | $159.00 | +1.20% |
Oct 29, 2025 | $133.73 | $115.98 | -13.27% |
Jul 30, 2025 | $91.83 | $101.36 | +10.37% |
May 01, 2025 | $82.66 | $83.89 | +1.49% |
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 Materion Corp (MTRN) report earnings?
Materion Corp (MTRN) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Materion Corp (MTRN) earnings time?
Materion Corp (MTRN) earnings time is at Apr 23, 2026, Before Open (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 MTRN EPS forecast?
MTRN EPS forecast for the fiscal quarter 2026 (Q1) is 1.25.
