Constellium Reports Stronger-Than-Expected Non-GAAP EPS, Misses Revenue Estimate
Constellium (CSTM:NYSE) reported Q2 2026 results with a non-GAAP earnings per share of $1.04, exceeding estimates by $0.09. However, revenue came in at $2.7 billion, missing expectations by $30 million despite a year-over-year increase of 28.6%. The company also reported net income of $148 million compared to $36 million in the same period last year and an adjusted EBITDA of $439 million. Constellium updated its outlook for 2026, raising its adjusted EBITDA guidance to between $980 million and $1.02 billion (excluding non-cash impacts from metal price lag) and projecting free cash flow exceeding $300 million. Shipments declined by 1% year-over-year to 381,000 metric tons. The mixed results reflect strong profitability but weaker-than-expected revenue performance.
Tickers: $CSTM
Topics: Adjusted EBITDA Earnings Outlook Update Revenue