Albemarle reported second quarter 2026 net sales of $1.74 billion, up 31% year-over-year, beating analyst estimates of $1.61 billion. The company posted adjusted diluted EPS of $3.75, also exceeding the consensus of $3.35, driven by strong pricing in its core lithium business.
Key Highlights
- Adjusted EBITDA surged 155% year-over-year to $858 million, reflecting higher sales and ongoing productivity improvements.
- The Energy Storage segment was a key driver, with net sales increasing 78% to $1.28 billion as the average realized lithium price rose 60.5% from the prior-year quarter.
- The Specialties segment also delivered strong results, with sales up 20% due to an 11% increase in pricing and an 8% rise in volumes.
- Albemarle raised its full-year 2026 outlook for the Specialties segment and lowered its capital expenditure forecast to approximately $500 million.