Ferroglobe Q2 Earnings Call Highlights

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MarketBeat

Wed, August 5, 2026 astatine 11:04 AM CDT 7 min read

Key Points

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Ferroglobe's Q2 show improved sequentially: Shipments roseate 7% to 188,000 tons, gross accrued 9% to $379 million, adjusted EBITDA reached $13 million, and escaped currency travel improved to $20 million. Higher volumes and fixed-cost absorption offset ongoing pricing unit from imports.
Profitability varied by conception amid hard commercialized conditions: Silicon metallic volumes jumped 34% but the conception remained loss-making, portion silicon-based and manganese-based alloys posted important EBITDA gains. Management said Chinese and different imports proceed to measurement connected silicon prices, though manganese benefits from higher prices and safeguards.
The institution is pursuing maturation and cost-optimization initiatives: Ferroglobe is investigating captious materials specified arsenic ferromolybdenum and magnesium, targeting archetypal commercialized enactment earlier year-end, portion evaluating a restart of 4 Venezuelan furnaces and further working-capital releases. It does not program to resume stock repurchases nether existent marketplace conditions.

Ferroglobe (NASDAQ:GSM) reported higher shipments, revenue, adjusted EBITDA and escaped currency travel successful the 2nd 4th of 2026, arsenic accrued silicon metallic volumes and stronger fixed-cost absorption helped offset continued pricing unit from imports.

Total shipments roseate 7% sequentially to 188,000 tons, portion gross accrued 9% from the anterior 4th to $379 million. Adjusted EBITDA improved by $10 cardinal to $13 million, and escaped currency travel improved by $37 cardinal to $20 million, Chief Executive Officer Marco Levi said during the company's net call.

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"Our 2nd 4th results bespeak coagulated execution contempt a challenging marketplace environment," Levi said. He added that silicon metallic shipments accrued 34% 4th implicit quarter, helping thrust the wide measurement gain.

Segment Performance and Cash Flow

Chief Financial Officer Beatriz García-Cos said adjusted EBITDA borderline roseate to 3.5% successful the 2nd 4th from 1% successful the archetypal quarter. Improved operational execution and higher fixed-cost absorption were the main drivers of the accrued profitability, she said. Second-quarter adjusted EBITDA besides included a $5 cardinal payment from litigation successful Spain.

Silicon metal: Revenue roseate 26% sequentially to $106 cardinal connected higher volumes, though mean selling prices fell 6% to $2,592 per ton. The conception posted an adjusted EBITDA nonaccomplishment of $2.7 million, compared with a $2.3 cardinal nonaccomplishment successful the archetypal quarter.
Silicon-based alloys: Revenue accrued 2% to $135 cardinal arsenic volumes roseate 4% to 63,000 tons. Realized prices declined 1.5% to $1,986 per ton. Adjusted EBITDA accrued to $15 cardinal from $7 cardinal successful the anterior quarter, aided by fixed-cost absorption and the litigation benefit.
Manganese-based alloys: Revenue was unchanged astatine $108 million. Volumes were marginally lower, offset by a 2% emergence successful mean selling price. Adjusted EBITDA accrued to $30 cardinal from $10 cardinal successful the archetypal quarter, portion margins roseate to 12% from 9%.