| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 127.36 | 1.8% | 3.4% |
| Total Income | 127.36 | 1.8% | 3.4% |
| Expenditure | 141.94 | 8.9% | 3.0% |
| PBT | -38.77 | 7.6% | 8.7% |
| Net Profit | -40.47 | 6.5% | 53.4% |
| OPM | -11.45% | 13.06pp | 0.41pp |
| NPM | -31.78% | 2.82pp | 34.13pp |
| EPS | -1.54 | 7.2% | 352.9% |
GrafTech Reports Q2 2026 Results with Strong Sales Volume Growth
24 Jul 2026 · 24 Jul, 4:21 pm
Summary
GrafTech International Ltd. announced its second quarter 2026 results, highlighting a strong 8% year-over-year increase in sales volume to 30.8 thousand metric tons, alongside a 10% sequential increase. Despite this volume growth, net sales decreased by 3% to $127 million compared to the prior year's second quarter, primarily due to lower realized pricing. The company reported a net loss of $40 million, or $1.54 per share, and Adjusted EBITDA of $2 million. Management expressed confidence in operational execution and reaffirmed expectations for a 5-10% increase in full-year sales volume, supported by ongoing pricing actions and cost improvement initiatives.
Key Highlights
- 1
GrafTech reported second quarter 2026 sales volume of 30.8 thousand metric tons, an increase of 8% year-over-year and a 10% sequential increase.
- 2
Net sales for the second quarter of 2026 were $127 million, a decrease of 3% compared to $132 million for the second quarter of 2025.
- 3
The company reported a net loss of $40 million, or $1.54 per share, for the second quarter of 2026.
- 4
Adjusted EBITDA for the second quarter of 2026 was $2 million, compared to $3 million for the second quarter of 2025.
- 5
Net cash used in operating activities was $69 million for Q2 2026, and adjusted free cash flow was negative $75 million.
- 6
GrafTech expects its full-year sales volume to increase 5% to 10% in 2026.
- 7
The company is executing pricing actions, with secured customer commitments at weighted-average prices more than 15% above those from the first quarter of 2026.
Management Comments
Timothy Flanagan
Our second quarter results demonstrate continued strong operational execution in a dynamic market. Sales volume increased 8% from a year ago and 10% sequentially, reflecting solid customer demand and disciplined commercial execution, and we continue to expect our full-year sales volume will increase 5% to 10%. In addition, we are seeing broad acceptance of our previously announced price increase on uncommitted volume. Combined with ongoing improvements in production efficiency and our cost structure, these results reflect the progress we are making in executing our strategic priorities. At the same time, we are taking decisive action to improve our long-term graphite electrode pricing. Our approach combines disciplined pricing, support for trade policy reform in key markets and focusing our commercial mix toward higher-value opportunities. Together, these actions are intended to strengthen our realized pricing while reinforcing our position with customers who value reliable supply, product quality and industry-leading technical support. We remain committed to making disciplined commercial and operational decisions that support these objectives, while maintaining the flexibility to adapt our operating plans as market conditions evolve.
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