Materion (MTRN) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $1.90
- Estimate
- $1.52
- Surprise
- +25.2%
- Score at report (before → after)
- 5.3 → 6.1/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Materion (MTRN) beat the $1.52 estimate with adjusted EPS of $1.90 — a large 25.2% upside surprise. TrendMatrix's engine moved from Sell (5.3/10) to Buy (Wait) at 6.1/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MTRN Sell at 5.6/10.
3 of the last 4 quarters beat the estimate; this quarter's +25.2% surprise compares with a +7.1% four-quarter average. Next scheduled report: 2026-10-28.
What supports the rating
- Strong earnings beat streak (3/4)
- Strong growth profile
What argues against it
- Concentration risk — Geographic: international operations (64.0%)
- Analyst target reached - limited upside remaining
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $264.96
- Price target
- $304.70
- Stop
- $246.41
- Upside to target
- +15.0%
The stock trades at 59.6× trailing but 30.4× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-26 — shown for context, not personalized investment advice.
MTRN at TrendMatrix's latest read
Materials producers report against the commodity cycle — realized-price capture and volume, not the EPS line, are the tells in a quarter like this.
- Industry
- Other Industrial Metals & Mining
- Market cap
- $5.34B
- P/E (fwd)
- 30.4
- P/E (ttm)
- 59.6
- 52-week range
- $109.61–$304.58
- Off 52-week high
- 13.0%
- RSI (14)
- 65
- Volume vs avg
- 0.95×
- Score today
- 5.6/10