--- title: "Elmet | 8-K: FY2026 Q2 Revenue: USD 66.4 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295795771.md" datetime: "2026-08-13T12:08:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295795771.md) - [en](https://longbridge.com/en/news/295795771.md) - [zh-HK](https://longbridge.com/zh-HK/news/295795771.md) --- # Elmet | 8-K: FY2026 Q2 Revenue: USD 66.4 M Revenue: As of FY2026 Q2, the actual value is USD 66.4 M. EPS: As of FY2026 Q2, the actual value is USD -0.16. EBIT: As of FY2026 Q2, the actual value is USD -7.871 M. ### Second Quarter Fiscal Year 2026 Highlights #### Operational Metrics - The Elmet Group Co. reported a gross profit margin of 25.0% for Q2 2026, an improvement of 430 basis points from 20.7% in Q2 2025. - Net income was - $4.5 million for Q2 2026, compared to $1.2 million in Q2 2025. - Adjusted net income was approximately $5.2 million for Q2 2026, up from approximately $2.8 million in Q2 2025. - Adjusted EBITDA increased by 57.9% to approximately $8.9 million, or 13.3% of revenue, in Q2 2026, compared to approximately $5.6 million, or 11.4% of revenue, in Q2 2025. #### Unique Metrics - The open order backlog reached approximately $131.5 million at the end of Q2 2026, increasing from approximately $113.3 million at the end of Q1 2026 and approximately $84.6 million at the end of Q2 2025. - The Company successfully completed an upsized initial public offering, raising net proceeds of $125.4 million. - Approximately 55% of the revenue growth is attributed to a net demand increase, with the remaining balance associated with tungsten and molybdenum raw material pricing impacts. ### Trailing Twelve Months (“TTM”) Highlights #### Operational Metrics - The TTM gross profit margin improved by 130 basis points to 22.2% of revenue, compared to 20.9% for the 2026 first quarter TTM. - Net income decreased to approximately - $1.7 million, compared to approximately $4.0 million for the 2026 first quarter TTM. - Adjusted net income increased to approximately $18.6 million, compared to approximately $16.2 million for the 2026 first quarter TTM. - Adjusted EBITDA increased by approximately $3.2 million to $31.8 million, or 13.9% of revenue, compared to approximately $28.6 million, or 13.5% of revenue, for the 2026 first quarter TTM. ### Six Months Ended July 3, 2026 vs. June 30, 2025 #### Operational Metrics - Gross profit for the six months ended July 3, 2026, was $28,458 thousand, up from $18,758 thousand for the six months ended June 30, 2025. - Total operating expenses were $34,223 thousand for the six months ended July 3, 2026, compared to $12,654 thousand for the six months ended June 30, 2025. - Operating income was - $5,765 thousand for the six months ended July 3, 2026, a decrease from $6,104 thousand for the six months ended June 30, 2025. - Net income was - $4,826 thousand for the six months ended July 3, 2026, compared to $2,437 thousand for the six months ended June 30, 2025. #### Cash Flow - Net cash used in operating activities from continuing operations was - $7,572 thousand for the six months ended July 3, 2026, compared to net cash provided of $9,024 thousand for the six months ended June 30, 2025. - Net cash used in investing activities was - $4,567 thousand for the six months ended July 3, 2026, compared to - $4,712 thousand for the six months ended June 30, 2025. - Net cash provided by financing activities was $76,540 thousand for the six months ended July 3, 2026, compared to net cash used of - $6,349 thousand for the six months ended June 30, 2025. - Cash at the end of the period was $66,122 thousand on July 3, 2026, significantly higher than $1,795 thousand on June 30, 2025. - Cash paid for interest was $1,674 thousand for the six months ended July 3, 2026, down from $1,834 thousand for the six months ended June 30, 2025. - Cash paid for income taxes was $700 thousand for the six months ended July 3, 2026, with no cash paid for income taxes for the six months ended June 30, 2025. ### Outlook / Guidance Management anticipates continued demand throughout the remainder of the year, driven by strong operational execution and strategic focus on the aerospace, defense & government sectors. The Elmet Group Co. believes the operating environment remains highly favorable due to its strategic position amidst several megatrends in an investment supercycle. ### Related Stocks - [ELMT.US](https://longbridge.com/en/quote/ELMT.US.md) ## Related News & Research - [3D Systems says Elmet Technologies deploys DMP Flex 350 Triple for hypersonic vehicle parts production](https://longbridge.com/en/news/293924676.md) - [ELMT: Revenue up 35%, gross margin up 430 bps, record backlog, and strong adjusted EBITDA growth](https://longbridge.com/en/news/295796042.md) - [Elmet Group swings to Q2 net loss of USD 4.49 million; revenue rises 35.2% to USD 66.4 million](https://longbridge.com/en/news/295785517.md) - [Elmet Group raises EQ Resources stake with purchase of 20 million shares](https://longbridge.com/en/news/290874046.md) - [US IPO Weekly Winners & Losers](https://longbridge.com/en/news/284118364.md)