Materion (MTRN) Q3 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 · Editorial policy
Key numbers
- Adjusted EPS
- $1.93
- Estimate
- $1.89
- Surprise
- +2.0%
- Revenue (period 2026-10-02)
- $567.3M
- Score at report (before → after)
- 5.5 → 5.7/10
Revenue source: xbrl.
How the report landed
Materion (MTRN) beat the $1.89 estimate with adjusted EPS of $1.93 — a modest 2.0% upside surprise. TrendMatrix's engine moved from Sell (5.5/10) to Hold at 5.7/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MTRN Hold at 5.8/10.
4 of the last 4 quarters beat the estimate; this quarter's +2.0% surprise compares with a +7.6% four-quarter average.
What supports the rating
- Strong earnings beat streak (4/4)
- Positive news sentiment (+0.53)
What argues against it
- Concentration risk — Geographic: international operations (64.0%)
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1)
- Sector modifier (Basic Materials): -0.1
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
- $187.26
- Price target
- $264.26
- Stop
- $174.15
- Upside to target
- +41.1%
- Reward-to-risk
- 2.7:1
The stock trades at 38.4× trailing but 22.2× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 29 — a level conventionally read as oversold; trading volume is running 3.5× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-11-05 — 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
- $3.90B
- P/E (fwd)
- 22.2
- P/E (ttm)
- 38.4
- 52-week range
- $110.69–$324.99
- Off 52-week high
- 42.4%
- RSI (14)
- 29
- Volume vs avg
- 3.54×
- Score today
- 5.8/10