Netherlands' AMG Q1 revenue rises, reiterates FY adjusted EBITDA guidance

AMG Critical Materials NV

06/05/2026 17:11

Overview

Netherlands critical materials supplier's Q1 revenue rose 15% yr/yr

Adjusted EBITDA fell 24% yr/yr due to lower AMG Antimony profitability

Net income more than doubled, aided by lithium inventory write-up

Outlook

Company reiterates 2026 adjusted EBITDA guidance of $210 mln to $240 mln

Company expects Q2 2026 adjusted EBITDA to approach Q2 2025 level

Company sees material price increases and strong engineering backlog supporting profitability from Q2 2026

Result Drivers

VANADIUM & AURA ACQUISITION - AMG Vanadium's higher volumes and prices, plus the consolidation of AURA and its recycled tungsten business, drove segment profit growth

BITTERFELD RAMP-UP - AMG Lithium revenue surged due to the Bitterfeld plant ramp-up and higher lithium and tantalum prices, but adjusted EBITDA was hurt by shipping delays and prior-year non-recurring costs

ENGINEERING BACKLOG & ANTIMONY DROP - AMG Technologies benefited from a strong order backlog at AMG Engineering, but segment profit was offset by lower AMG Antimony results compared to an exceptionally strong prior-year quarter

Company press release: ID:nGNE4C2Dwx

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$446.14 mln
$403 mln (1 Analyst)
Q1 EPS
$0.36
Q1 Gross Profit
$86.88 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialty mining & metals peer group is "buy"

Wall Street's median 12-month price target for AMG Critical Materials NV is €44.00, about 23.1% above its May 5 closing price of €35.74

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)