Materion (MTRN) Earnings: Q3 2026 Results

The quarter ended October 2, 2026 and Materion published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Materion reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, excluding acquisition amortization, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Materion's fiscal third quarter of 2026 ended October 2, 2026; the year-ago quarter ended September 26, 2025.
• Net sales include the cost of precious and other pass-through metals billed to customers. Materion also reports value-added sales, a non-GAAP figure that deducts those metals: $313.7 million in Q3 2026 against $263.9 million a year earlier.

Source: Materion Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended October 2, 2026. Figures as reported; checked against the release on November 10, 2026.

How Materion splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Materion's Performance Materials revenue was $199 million in Q3 2026, up 17% from $171 million in Q3 2025, 35% of total revenue.
• Materion's Electronic Materials revenue was $337 million in Q3 2026, up 36% from $247 million in Q3 2025, 59% of total revenue.
• Materion's Precision Optics revenue was $31.7 million in Q3 2026, up 17% from $27.2 million in Q3 2025, 6% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Materion guides adjusted EPS only. It gives no revenue outlook and says it cannot reconcile the adjusted range to a GAAP range without unreasonable effort.

In its Q3 2026 release, Materion said:

“We are raising our full-year adjusted earnings per share guidance to $7.10 to $7.40, representing a 33% increase over the prior year at the midpoint.”

Source: Materion Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the MTRN forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Materion's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 4, 2026

Materion reported Q3 2026 net sales of $567.3 million, up from $444.8 million, across three operating segments. Electronic Materials brought in $336.6 million, Performance Materials $199.0 million and Precision Optics $31.7 million. Value-added sales, which strip out pass-through metal costs of $253.6 million, were $313.7 million, up 19%. (Materion Q3 2026 release, Nov 4, 2026)

Most of the gap between net sales and value-added sales sits in Electronic Materials, where $233.2 million of the segment's $336.6 million was pass-through metal cost. Materion said higher pass-through metal pricing added $57.3 million to that segment's net sales from a year earlier. The metals passed through include gold, silver, platinum, palladium, copper, ruthenium, iridium, rhodium, rhenium and osmium. (Materion Q3 2026 release, Nov 4, 2026; Materion Form 10-Q, Q3 2026, Nov 4, 2026)

Semiconductor is Materion's largest end market by far: $282.4 million of Q3 2026 net sales, against $208.9 million a year earlier, almost all of it in Electronic Materials. Aerospace and defense was next at $74.1 million, then industrial at $54.9 million and consumer electronics at $51.2 million. (Materion Form 10-Q, Q3 2026, Nov 4, 2026)

On a value-added basis, Materion attributed the 19% rise to volume increases in aerospace and defense (42%) and semiconductor (40%), partly offset by a 30% decrease in automotive. Value-added sales to telecommunications and data center applications rose 71%, while beryllium hydroxide raw material sales fell by $3.8 million. (Materion Form 10-Q, Q3 2026, Nov 4, 2026)

Performance Materials, which makes beryllium and non-beryllium alloys and runs the bertrandite ore mine and refinery in Utah, grew net sales 17% on aerospace and defense volumes. Its consumer electronics sales were held back in the first half of 2026 by a controlled production ramp with a large precision clad strip customer; Materion said production and shipments returned to normal in the third quarter. (Materion Form 10-Q, Q3 2026, Nov 4, 2026; Materion Form 10-K, 2025, Feb 12, 2026)

Materion's GAAP diluted EPS was $1.81 in Q3 2026, against $1.22 a year earlier, on net income of $38.3 million. Its adjusted EPS of $1.93 adds back special items of $0.02 a share (mostly restructuring and cost reduction) and acquisition amortization of $0.10 a share net of tax. The year-ago adjusted figure was $1.41. (Materion Q3 2026 release, Nov 4, 2026)

Materion's effective tax rate was 13.2% in the quarter against 9.6% a year earlier, below the statutory rate because of foreign-derived deduction eligible income, percentage depletion and foreign tax credits. Interest expense fell to $6.6 million from $7.6 million as long-term debt came down to $377.4 million from $436.3 million at the end of 2025. (Materion Form 10-Q, Q3 2026, Nov 4, 2026; Materion Q3 2026 release, Nov 4, 2026)

Diluted weighted average shares were 21,163 thousand, up from 20,883 thousand. Materion bought back no stock in the first nine months of 2026; its last repurchase was 100,000 shares for $7.8 million in the second quarter of 2025. It declared a dividend of $0.145 a share in the quarter. (Materion Q3 2026 release, Nov 4, 2026; Materion Form 10-Q, Q3 2026, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Materion gives a full-year adjusted EPS range in its release and no revenue outlook. With the Q3 2026 results it raised the 2026 range to $7.10 to $7.40, which it said is a 33% increase over 2025 at the midpoint. It does not give a GAAP EPS range, saying future special items cannot be estimated. (Materion Q3 2026 release, Nov 4, 2026)

Through nine months Materion has reported adjusted EPS of $5.10 excluding amortization. The release says incoming orders were up about 25% and backlog about 35% from a year earlier, both at all-time highs; backlog was $579.0 million at December 31, 2025. (Materion Q3 2026 release, Nov 4, 2026; Materion Form 10-K, 2025, Feb 12, 2026)

A consensus figure is the average of the models published by the analysts who cover Materion, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Materion's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning MTRN is on is MTRN a buy or a sell?, what analysts expect next is on the MTRN forecast, and what the company does is on the Materion (MTRN) stock page.

Every number on this page can be traced to a document Materion published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.