U.S. Antimony Q2 revenue misses estimates, cuts 2026 outlook

United States Antimony

11/08/2026 21:18

Overview
U.S. critical minerals producer's Q2 revenue fell and missed analyst expectations on lower antimony prices
Q2 net income was $0.1 mln, as operating loss offset by $6.8 mln unrealized investment gain
Company cut 2026 revenue guidance to $60 mln-$75 mln from $125 mln due to price and shipment delays

Outlook
Company cuts 2026 revenue guidance to $60 mln-$75 mln from $125 mln
Company expects increased shipments to DLA and industrial customers in H2 2026
Thompson Falls expansion expected to be fully operational in Q3 2026

Result Drivers
ANTIMONY PRICE DECLINE - Revenue and gross profit fell as average antimony selling prices dropped 52% year-over-year, offsetting a 26% increase in pounds sold
ZEOLITE SEGMENT GROWTH - Zeolite revenue rose 110% year-over-year, driven by expanded sales into the cattle market and traditional industrial markets
UNRECOGNIZED DLA SHIPMENTS - Revenue did not include ~$2.6 mln from antimony shipments delivered to the DLA in June, as formal acceptance and revenue recognition occurred after quarter-end

Company press release: ID:nACSlDKmva

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$7.9 mln
$21.70 mln (3 Analysts)
Q2 Net Income
 
$100,000
 
Q2 Gross Margin
 
7.00%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "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 United States Antimony Corp is $13.00, about 94.9% above its August 10 closing price of $6.67
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 63 three months ago

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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.)