Century Aluminum (CENX) Q2 FY2026 earnings: revenue $752 million, up 19.7% on the year

Century Aluminum Co. (CENX) reported revenue of $752 million for Q2 FY2026, the quarter ended 30 June 2026, up 19.7% on the same quarter a year earlier. Net income was $249 million, and diluted earnings per share $2.39. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$752 millionup 19.7%

Net income$249 million

Diluted EPS$2.39

QuarterQ2 FY2026ended 30 June 2026

What management said

Guidance figures: 1 new.

Sales increased on prices and production growth: Net sales increased $102.9 million sequentially to $752.1 million, driven by higher realized metal prices and increased production from Mt. Holly expansion and Grundartangi Line 2 restart during quarter.
Aluminum shipments rose 6.3 percent: Aluminum shipments increased to 130,632 tonnes from 122,865 tonnes in Q1, driven primarily by production from Mt. Holly expansion and recovery of Grundartangi Line 2 capacity.
Adjusted EBITDA surged 41 percent sequentially: Adjusted EBITDA attributable to Century increased $95.5 million to $326.9 million, up 41 percent from Q1 on favorable realized metal prices, sales mix, operating expenses and power realization.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Revenue	752	649	628	+19.7%
Cost of revenue	524	530	594	-11.8%
Gross profit	228	119	33.6	+578.3%
Gross margin	30.3%	18.3%	5.3%
Selling, general and administrative	15.9	25.8	14.0	+13.6%
Operating income	212	374	18.1	+1069.1%
Operating margin	28.1%	57.6%	2.9%
Income tax	12.1	1.8	-1.3	n/a
Net income	249	338	-4.6	n/a
Net margin	33.1%	52.0%	-0.7%
Diluted EPS	$2.39	$3.23	-$0.05	n/a

$ million except per share.

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 and capital returned

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Operating cash flow	168	68.4	7.9	+2021.5%
Capital expenditure	59.6	74.8	23.8	+150.4%
Free cash flow	108	-6.4	-15.9	n/a
Free cash flow margin	14.4%	-1.0%	-2.5%
Cash from investing	-51.0	130	-18.1	n/a
Cash from financing	-60.5	-0.6	6.0	n/a
Depreciation and amortisation	16.9	22.7	20.7	-18.4%
Share-based compensation	2.5	9.4	2.8	-10.7%
Diluted shares, weighted	105m	105m	93m	+12.3%
Shares outstanding at period end	99m	99m	93m	+6.1%

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

Balance sheet at quarter end

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Shareholders' equity	1,403	1,151	724	+93.7%
Non-controlling interest	131	134	-40.1	n/a
Debt	480	546	489	-1.8%
Other liabilities	861	824	776	+10.9%
Total liabilities and equity	2,875	2,655	1,949	+47.5%
Fixed assets	1,253	1,205	976	+28.4%
Cash and equivalents	343	244	40.7	+743.7%
Receivables	136	111	108	+25.9%
Inventory	583	512	513	+13.5%
Other assets	560	583	311	+79.9%
Total assets	2,875	2,655	1,949	+47.5%

Questions

What was Century Aluminum's revenue in Q2 FY2026?

Century Aluminum (CENX) reported revenue of $752 million for Q2 FY2026, the quarter ended 30 June 2026, up 19.7% on the same quarter a year earlier.

How much did Century Aluminum earn in Q2 FY2026?

Net income for Q2 FY2026 was $249 million, and diluted earnings per share $2.39.

When did Century Aluminum report Q2 FY2026 results?

Century Aluminum filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 6 August 2026.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 * †	Q1 FY2025 †	Q2 FY2025 †	Q3 FY2025 †	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	545	512	490	561	539	631	634	628	632	634	649	752
Cost of revenue	557	473	476	545	462	565	577	594	557	551	530	524
Gross profit	-11.5	39.4	13.0	15.5	76.9	66.6	57.3	33.6	74.9	82.3	119	228
Gross margin	-2%	8%	3%	3%	14%	11%	9%	5%	12%	13%	18%	30%
SG&A	10.8	8.1	14.1	12.3	15.6	14.8	12.5	14.0	17.9	35.5	25.8	15.9
Operating income	-24.2	29.2	-1.6	1.5	58.9	49.6	42.8	18.1	55.9	n/a	374	212
Operating margin	-4%	6%	-0%	0%	11%	8%	7%	3%	9%	n/a	58%	28%
Interest expense	9.2	n/a	n/a	10.3	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net income	-42.0	30.0	247	-2.5	47.3	45.2	29.7	-4.6	14.9	1.8	338	249
Net margin	-8%	6%	50%	-0%	9%	7%	5%	-1%	2%	0%	52%	33%
Diluted EPS	-$0.45	$0.30	$2.26	-$0.03	$0.46	$0.58	$0.29	-$0.05	$0.15	$0.02	$3.23	$2.39
Operating cash flow	41.5	66.0	-14.8	11.5	20.1	-41.4	72.3	7.9	2.0	103	68.4	168
Capital expenditure	26.1	32.3	29.7	16.9	22.5	13.2	21.2	23.8	20.1	35.1	74.8	59.6
Free cash flow	15.4	33.7	-44.5	-5.4	-2.4	-54.6	51.1	-15.9	-18.1	67.7	-6.4	108
Shares outstanding	92m	93m	93m	93m	93m	93m	93m	93m	93m	99m	99m	99m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	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 diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. 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.

Source

10-Q for the period ended 30 June 2026, filed 6 August 2026, accession 0001628280-26-054308: the filing on EDGAR. All of Century Aluminum Co.'s filings: EDGAR company page.

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