Albemarle (ALB) Q1 FY2026 earnings: revenue $1.4 billion, up 32.7% on the year

Albemarle Corp. (ALB) reported revenue of $1.4 billion for Q1 FY2026, the quarter ended 31 March 2026, up 32.7% on the same quarter a year earlier. Net income was $319 million, up 671.7% on the year, and diluted earnings per share $2.34. The figures are the company's own, from the 10-Q it filed with the SEC on 6 May 2026.

Revenue

$1.4 billion

+32.7% on the year · +0.0% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

16.3%

1.8% a year earlier

Q2 FY2024Q1 FY2026

Net income

$319 million

+671.7% on the year

Q2 FY2024Q1 FY2026

Diluted EPS

$2.34

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 1 lowered, 11 kept.

Net sales rose 33 percent: Net sales were $1.4 billion, up 33 percent, driven primarily by higher price and volume in Energy Storage and Specialties. Ketjen divestiture is covered separately.
Adjusted EBITDA up 148.5 percent: Adjusted EBITDA was $664 million, up $397 million, mainly on higher net sales and ongoing cost and productivity improvements. Adjusted EBITDA margin was 46.5 percent.
Energy Storage sales and EBITDA surged: Energy Storage net sales were $891 million, up 70 percent, on price up 51 percent and volumes up 14 percent. Adjusted EBITDA was $551 million, up 196 percent, on lithium pricing, spodumene inventory timing and cost actions.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	1,429	1,428	1,077	+0.0%	+32.7%
Cost of revenue	928	1,230	921	-24.6%	+0.8%
Gross profit	501	198	156	+153.1%	+220.5%
Gross margin	35.1%	13.9%	14.5%
Research and development	9.2	12.2	14.1	-24.7%	-35.0%
Selling, general and administrative	137	156	124	-11.6%	+11.3%
Operating income	234	-217	19.8		+1,081.7%
Operating margin	16.3%	-15.2%	1.8%
Pre-tax income	254	-285	-19.0
Income tax	21.5	157	-4.0	-86.3%
Effective tax rate	8.5%	n/a	n/a
Net income	319	-414	41.3		+671.7%
Net margin	22.3%	-29.0%	3.8%
Diluted EPS	$2.34	-$3.87	$0.00

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	346	n/a	547		-36.7%
Capital expenditure	98.7	155	183	-36.5%	-46.0%
Free cash flow	248	n/a	365		-32.1%
Free cash flow margin	17.3%	n/a	33.9%
Cash from investing	541	-177	-179
Cash from financing	-1,413	-533	-120
Depreciation and amortisation	158	164	162	-3.6%	-2.4%
Share-based compensation	7.9	12.2	7.0	-35.5%	+13.2%
Dividends paid	47.7	47.6	47.6	+0.1%	+0.1%
Dividend per share	$0.41	n/a	$0.41		0.0%
Diluted shares, weighted	119m	118m	118m	+0.8%	+0.9%
Shares outstanding at period end	118m	118m	118m	+0.1%	+0.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	9,850	9,533	10,028	+3.3%	-1.8%
Non-controlling interest	258	248	246	+4.0%	+4.8%
Debt	1,882	3,194	3,539	-41.1%	-46.8%
Operating lease liabilities	100	103	101	-2.7%	-1.0%
Finance lease liabilities	102	103	113	-1.0%	-9.7%
Other liabilities	2,948	3,193	2,972	-7.7%	-0.8%
Total liabilities and equity	15,140	16,374	16,999	-7.5%	-10.9%
Fixed assets	8,525	8,612	9,303	-1.0%	-8.4%
Goodwill	1,488	1,500	1,606	-0.8%	-7.3%
Intangible assets	208	214	230	-3.1%	-9.6%
Investments	1,023	64.3	1,125	+1,490.2%	-9.1%
Cash and equivalents	1,090	1,618	1,519	-32.6%	-28.2%
Receivables	523	594	671	-11.9%	-22.1%
Inventory	1,347	1,179	1,656	+14.2%	-18.7%
Other assets	936	2,593	890	-63.9%	+5.2%
Total assets	15,140	16,374	16,999	-7.5%	-10.9%

Questions

What was Albemarle's revenue in Q1 FY2026?

Albemarle (ALB) reported revenue of $1.4 billion for Q1 FY2026, the quarter ended 31 March 2026, up 32.7% on the same quarter a year earlier.

How much did Albemarle earn in Q1 FY2026?

Net income for Q1 FY2026 was $319 million, up 671.7% on the year, and diluted earnings per share $2.34.

When did Albemarle report Q1 FY2026 results?

Albemarle filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 6 May 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023 †	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024	Q4 FY2024 * †	Q1 FY2025 †	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	894	1,128	1,480	2,092	2,621	2,580	2,370	2,311	2,356	1,361	1,430	1,355	1,232	1,077	1,330	1,308	1,428	1,429	1,743	1,553
Cost of revenue	658	679	899	1,048	1,620	1,304	1,812	2,256	3,060	1,322	1,441	1,459	1,094	921	1,133	1,190	1,230	928	1,153	1,252
Gross profit	237	449	580	1,044	1,001	1,277	558	54.9	-704	38.9	-10.6	-104	138	156	197	118	198	501	590	301
Gross margin	26%	40%	39%	50%	38%	49%	24%	2%	-30%	3%	-1%	-8%	11%	15%	15%	9%	14%	35%	34%	19%
R&D	12.1	16.1	17.4	18.4	20.2	20.5	21.4	21.1	22.8	23.5	20.8	22.4	20.0	14.1	12.4	12.7	12.2	9.2	3.7	8.2
SG&A	123	113	129	134	148	154	397	172	194	161	166	154	136	124	132	139	156	137	126	136
Operating income	-31.3	312	434	891	833	1,102	140	-140	-850	-180	-493	-1,109	4.4	19.8	47.5	-217	-217	234	453	148
Operating margin	-3%	28%	29%	43%	32%	43%	6%	-6%	-36%	-13%	-34%	-82%	0%	2%	4%	-17%	-15%	16%	26%	10%
Pre-tax income	-8.1	300	401	869	863	1,157	168	-158	-921	-168	-494	-1,179	76.7	-19.0	-9.0	-239	-285	254	442	133
Tax rate	n/a	27%	22%	23%	3%	24%	26%	n/a	n/a	n/a	n/a	n/a	14%	n/a	n/a	n/a	n/a	8%	21%	16%
Net income	-3.8	253	407	897	1,132	1,239	650	303	-618	2.4	-188	-1,069	75.3	41.3	22.9	-161	-414	319	480	297
Net margin	-0%	22%	27%	43%	43%	48%	27%	13%	-26%	0%	-13%	-79%	6%	4%	2%	-12%	-29%	22%	28%	19%
Diluted EPS	-$0.04	$2.15	$3.46	$7.61	$9.60	$10.51	$5.52	$2.57	-$5.26	-$0.08	-$1.96	-$9.45	$0.29	$0.00	-$0.16	-$1.72	-$3.87	$2.34	$3.52	$2.15
Operating cash flow	-146	206	-146	895	952	721	73.7	629	-98.2	97.5	363	241	0.7	547	-7.2	356	n/a	346	710	406
Capital expenditure	301	232	271	313	446	416	504	546	684	583	448	303	356	183	120	132	155	98.7	71.7	80.4
Free cash flow	-447	-25.5	-417	582	507	305	-430	83.0	-782	-486	-84.7	-62.6	-355	365	-127	223	n/a	248	638	325
Dividends paid	45.6	45.6	46.3	46.3	46.3	46.3	47.0	46.9	46.9	46.9	47.0	47.0	47.6	47.6	47.6	47.7	47.6	47.7	47.7	47.8
Shares outstanding	117m	117m	117m	117m	117m	117m	117m	117m	117m	118m	118m	118m	118m	118m	118m	118m	118m	118m	118m	118m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2026, filed 6 May 2026: the filing.