Albemarle Q3 FY2026: sales up 18.8%, EPS $2.15, Q4 guided lower
The headline is a full turnaround: net income swung from a $160.7 million loss to $296.8 million of profit, driven almost entirely by lithium price. Read it in three layers — Energy Storage got the price, Specialties got the cost and volume gains, and the balance sheet stopped being a constraint. The catch is that management guides Q4 down sequentially.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $2.15 against a loss of $1.72 a year ago, and adjusted EPS was $2.58 against a loss of $0.19. The $0.41 gap between the two is mostly restructuring charges, consulting fees for the cost-savings program and discrete tax items. Note the adjusted figure assumes the preferred stock converts, which lifts diluted shares to 137.1 million from 118.5 million.
Revenue of $1.55 billion rose 18.8% from $1.31 billion a year earlier, and essentially all of it came from price: realized Energy Storage price jumped 94.7% to $20.02 per kilogram. Volume moved the other way, down 18.8% to 56 kilotons, which the company attributes to a record prior-year quarter. Specialties added $388.6 million, up 12.7% on price (+10%) and volume (+3%).
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-04
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