Albemarle Q2 2026 results
- Net sales $1.7 billion, up 31% year‑over‑year.
- Net income $480 million, or $3.52 per diluted share.
- Adjusted EBITDA $858 million, up 155%; Energy Storage adjusted EBITDA $723 million, up 229%.
- Full‑year capex cut to ~ $500 million; sales volumes expected 225–235 kilotons LCE.
Quarter results
Net sales for Q2 2026 were $1.7 billion, up 31% versus the prior year, driven by higher pricing in Energy Storage and higher pricing and volumes in Specialties. Net income attributable to the company was $480 million ($3.52 per diluted share). Adjusted EBITDA was $858 million, a $522 million increase versus the prior‑year quarter.
Segment performance
Energy Storage net sales were $1.3 billion, up 78% year‑over‑year, with adjusted EBITDA of $723 million, up 229%, primarily due to higher lithium pricing partially offset by higher CORFO commissions. Specialties net sales were $423 million, up 20%, with adjusted EBITDA of $118 million, up 61%, driven by volume growth (+8%) and pricing (+11%) in bromine and derivatives and productivity gains.
Outlook and operational items
Management expects full‑year Specialties net sales of $1.4–1.6 billion and adjusted EBITDA of $275–325 million. Energy Storage sales volumes are expected at 225–235 kilotons LCE as increased Wodgina output partially offsets a delay in Talison CGP3 ramp after a June 9 fire. Full‑year capital expenditures are expected to be approximately $500 million, and year‑to‑date run‑rate cost and productivity improvements reached $100 million toward a $100–150 million target.
Cash flow and balance sheet
Cash from operations was $710 million in the quarter and free cash flow $638 million, with first‑half operating cash flow of $1.1 billion. Estimated liquidity as of June 30 was ~$3.2 billion (including $1.6 billion cash), total debt $1.9 billion and net debt to adjusted EBITDA of ~0.5.
Source: Albemarle
