--- title: "Constellium SE | 8-K: FY2026 Q2 Revenue: USD 2.748 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294188074.md" datetime: "2026-07-29T10:09:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294188074.md) - [en](https://longbridge.com/en/news/294188074.md) - [zh-HK](https://longbridge.com/zh-HK/news/294188074.md) --- # Constellium SE | 8-K: FY2026 Q2 Revenue: USD 2.748 B Revenue: As of FY2026 Q2, the actual value is USD 2.748 B. EPS: As of FY2026 Q2, the actual value is USD 1.04, beating the estimate of USD 0.8365. EBIT: As of FY2026 Q2, the actual value is USD 242 M. ### Second Quarter 2026 Highlights #### Operational Metrics - Shipments were 381 thousand metric tons, a decrease of 1% compared to Q2 2025, primarily due to lower shipments in the Packaging & Automotive Rolled Products (P&ARP) segment, partially offset by higher shipments in the Aerospace & Transportation (A&T) segment. - Net income for Q2 2026 was $148 million, marking a 311% increase from $36 million in Q2 2025. - Adjusted EBITDA reached $439 million, a 201% increase compared to $146 million in Q2 2025. - This Adjusted EBITDA included a positive non-cash metal price lag impact of $129 million. #### Segment Performance (Segment Adjusted EBITDA) - Aerospace & Transportation (A&T) Segment Adjusted EBITDA was $135 million, a 61% increase compared to Q2 2025. - A&T shipments were 65 thousand metric tons, up 21% from 53 thousand tons in Q2 2025. - A&T Segment Adjusted EBITDA per ton was $2,083 in Q2 2026, up 32% from $1,572 in Q2 2025. - Packaging & Automotive Rolled Products (P&ARP) Segment Adjusted EBITDA was $165 million, a 123% increase compared to Q2 2025. - P&ARP shipments were 266 thousand metric tons, down 4% from 276 thousand tons in Q2 2025. - P&ARP Segment Adjusted EBITDA per ton was $621 in Q2 2026, up 131% from $268 in Q2 2025. - Automotive Structures & Industry (AS&I) Segment Adjusted EBITDA was $26 million, a 44% increase compared to Q2 2025. - AS&I shipments were flat at 55 thousand metric tons compared to Q2 2025. - AS&I Segment Adjusted EBITDA per ton was $477 in Q2 2026, up 45% from $329 in Q2 2025. - Corporate costs were - $16 million. #### Cash Flow - Cash from operations was $161 million. - Free Cash Flow was $90 million. #### Other Key Financials - Constellium SE repurchased 623 thousand ordinary shares for $20 million. - In July, the company completed a $100 million partial redemption of its 5.625% Senior Notes due June 2028, leaving $225 million aggregate principal amount outstanding. - Leverage was 1.8x at June 30, 2026. ### First Half 2026 Highlights #### Operational Metrics - Shipments were 751 thousand metric tons, down 1% compared to H1 2025. - Net income was $344 million, a 365% increase compared to $74 million in H1 2025. - Adjusted EBITDA was $798 million, a 140% increase compared to $332 million in H1 2025. - This Adjusted EBITDA included a positive non-cash metal price lag impact of $226 million. #### Segment Performance (Segment Adjusted EBITDA) - Aerospace & Transportation (A&T) Segment Adjusted EBITDA was $238 million, a 44% increase compared to H1 2025. - Packaging & Automotive Rolled Products (P&ARP) Segment Adjusted EBITDA was $317 million, a 135% increase compared to H1 2025. - Automotive Structures & Industry (AS&I) Segment Adjusted EBITDA was $49 million, a 44% increase compared to H1 2025. - Corporate costs were - $32 million. #### Cash Flow - Cash flows from operating activities were $234 million in H1 2026, compared to $172 million in H1 2025. - Free Cash Flow was $95 million in H1 2026, compared to $38 million in H1 2025. - Cash flows used in investing activities were - $137 million in H1 2026, compared to - $131 million in H1 2025. - Cash flows used in financing activities were - $51 million in H1 2026, compared to - $62 million in H1 2025. - Purchases of property, plant and equipment net were - $139 million in H1 2026, compared to - $134 million in H1 2025. #### Liquidity and Net Debt - Liquidity at June 30, 2026, was $1,058 million, comprising $163 million in cash and cash equivalents and $895 million available under committed lending facilities and factoring arrangements. - Total debt was $1,923 million at June 30, 2026, down from $1,944 million at December 31, 2025. - Net debt was $1,760 million at June 30, 2026, down from $1,824 million at December 31, 2025, and down from $1,895 million at June 30, 2025. - Leverage was 1.8x at June 30, 2026, within the target range of 1.5x to 2.5x, compared to 3.5x at June 30, 2025. ### Outlook Constellium SE is raising its guidance for 2026, expecting Adjusted EBITDA in the range of $980 million to $1.020 billion, excluding the non-cash impact of metal price lag. The company also anticipates Free Cash Flow in excess of $300 million for 2026, which is expected to be utilized for the share repurchase program and debt reduction. With this revised guidance, Constellium SE expects to achieve its 2028 targets two years ahead of schedule, with leverage trending lower towards its target range of 1.5x to 2.5x. ### Related Stocks - [CSTM.US](https://longbridge.com/en/quote/CSTM.US.md) ## Related News & Research - [Constellium Q2 FY26 net income more than doubled to $148 million; revenue rises 31% to $2.7 billion](https://longbridge.com/en/news/294191300.md) - [CSTM: Record Adjusted EBITDA and revenue growth in Q2 2026, with improved leverage and strong outlook](https://longbridge.com/en/news/294197006.md) - [Apple is giving its products the car-lease treatment after hiking prices](https://longbridge.com/en/news/294089597.md) - [Baxter Q2 2026 Earnings Preview](https://longbridge.com/en/news/294224876.md) - [Encompass Capital Advisors LLC Sells 2,180,637 Shares of Constellium SE $CSTM](https://longbridge.com/en/news/294028746.md)