Netherlands' AMG Q2 revenue rises on growth in lithium, vanadium segments

AMG Critical Materials NV

29/07/2026 17:42

Overview
Netherlands critical materials producer's Q2 revenue rose 19% yr/yr, driven by lithium and vanadium
Q2 adjusted EBITDA increased 30% yr/yr, supported by favorable phasing and shipment timing
On July 27, 2026, company closed Zinnwald Lithium acquisition, expanding lithium resource base in Europe

Outlook
AMG raises 2026 adjusted EBITDA guidance to $230-$250 mln, up from $210-$240 mln
Company expects Q3 results to be significantly down sequentially due to favorable phasing effects
AMG expects Bitterfeld lithium hydroxide plant ramp-up to full capacity in H2 2026

Result Drivers
LITHIUM VOLUME AND PRICING - Lithium segment growth was driven by increased sales volumes, higher prices, and the ramp-up of the Bitterfeld plant, with significant shipment timing shifting volumes into Q2
VANADIUM INPUT AVAILABILITY - Vanadium segment benefited from increased volumes and higher prices, supported by improved availability of spent catalysts and sourcing from a bankrupt competitor
FAVORABLE PHASING EFFECTS - Q2 results were boosted by shipment timing and inventory effects that are not expected to repeat in Q3, per management

Company press release: ID:nGNE8Cr8Ky

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$522.73 mln
$485 mln (1 Analyst)
Q2 EPS
 
$0.78
 
Q2 Gross Margin
 
23.8%
 
Q2 Gross Profit
 
$124.52 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 €47.50, about 70.7% above its July 28 closing price of €27.82
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 18 three months ago

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(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.)