Jun 2026 (Q3 FY26) — Aug 4, 2026
Cabot Q3 FY26 — Strong Performance Chemicals and Battery Materials Growth
Read the full callCabot (CBT) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
Cabot earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 982 | +6.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 10.0 | −8.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 6.0 | −94.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
7 of 10 judged targets kept · 28 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Reinforcement Materials Segment EBIT | sequential EBIT improvement to be in the range of $5 million to $7 million | Mar 2026 | During the third quarter of fiscal 2026, EBIT for Reinforcement Materials was $97 million compared to $128 million in the prior year quarter. | Missed |
| Adjusted EPS | $6 to $7 | Sep 2025 | Given the year-to-date performance and our expectations for the fourth quarter, we are tightening our fiscal 2026 adjusted earnings per share guidance range from $6 to $6.50 per share to $6.15 to $6.45 per share. | Revised Down |
| Battery Materials Capacity Investment (US) | approximately $125 million | Jun 2026 | In total, we expect to invest approximately $125 million in these capacity additions with new capacity anticipated to come online in 2028. | New |
3 of CABOT CORP's 38 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 35 more targets are in the full ledger.
Claimed
- Adjusted EPS of $1.67, an increase of 4% sequentially.
- Performance Chemicals segment EBIT of $68 million, up 19% year-over-year.
- Reinforcement Materials global volumes increased 5% year-over-year, with Asia Pacific up 10% and Americas up 4%.
- Battery Materials EBITDA reaffirmed at approximately $40 million for FY26, with trailing 12-month EBITDA margins of approximately 24%.
- Received Platinum sustainability rating from EcoVadis for the sixth consecutive year, placing Cabot among the top 1% of companies in its category.
Qualified
- Reinforcement Materials EBIT of $97 million, down from $128 million in the prior year quarter, primarily due to lower gross profit per ton from 2026 annual tire customer agreements.
- Higher net working capital of approximately $44 million associated with rapidly rising raw material costs.
- Expected modest sequential decline in Reinforcement Materials EBIT in Q4 due to lower seasonal demand and less favorable regional product mix.
- Expected lower seasonal volumes and normalization of gross profit per ton in Performance Chemicals in Q4 as raw material costs catch up to pricing actions.
Price
$73.46 −1.12% · −$0.83
Performance +5.5% 1Y
1Y: $69.65 on 17 Oct 2025 → $73.46. High $93.4 (26 Jun 2026), low $58.71 (20 Nov 2025).
- Previous close
- $74.29
- 52-week range
- $58.71 – $93.4
- One year
- +4.04%
Overview
- Symbol
- CBT
- Sector
- Materials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
7 of 10 judged targets kept · 28 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Reinforcement Materials Segment EBIT | sequential EBIT improvement to be in the range of $5 million to $7 million | Mar 2026 | During the third quarter of fiscal 2026, EBIT for Reinforcement Materials was $97 million compared to $128 million in the prior year quarter. | Missed |
| Adjusted EPS | $6 to $7 | Sep 2025 | Given the year-to-date performance and our expectations for the fourth quarter, we are tightening our fiscal 2026 adjusted earnings per share guidance range from $6 to $6.50 per share to $6.15 to $6.45 per share. | Revised Down |
| Battery Materials Capacity Investment (US) | approximately $125 million | Jun 2026 | In total, we expect to invest approximately $125 million in these capacity additions with new capacity anticipated to come online in 2028. | New |
Claimed
- Adjusted EPS of $1.67, an increase of 4% sequentially.
- Performance Chemicals segment EBIT of $68 million, up 19% year-over-year.
- Reinforcement Materials global volumes increased 5% year-over-year, with Asia Pacific up 10% and Americas up 4%.
- Battery Materials EBITDA reaffirmed at approximately $40 million for FY26, with trailing 12-month EBITDA margins of approximately 24%.
- Received Platinum sustainability rating from EcoVadis for the sixth consecutive year, placing Cabot among the top 1% of companies in its category.
Qualified
- Reinforcement Materials EBIT of $97 million, down from $128 million in the prior year quarter, primarily due to lower gross profit per ton from 2026 annual tire customer agreements.
- Higher net working capital of approximately $44 million associated with rapidly rising raw material costs.
- Expected modest sequential decline in Reinforcement Materials EBIT in Q4 due to lower seasonal demand and less favorable regional product mix.
- Expected lower seasonal volumes and normalization of gross profit per ton in Performance Chemicals in Q4 as raw material costs catch up to pricing actions.
The full ledger
Open CABOT CORP’s full ledger
A free account opens 5 company ledgers a month. All 38 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q2 FY26) — May 6, 2026
Cabot Q2 FY26 — Strong Execution and Strategic Actions Amidst Dynamic Environment
Read the full callEvery analysed call
Cabot earnings calls (CBT)
Financials
What the filings say
Net profit, year on year: −94% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,001 | 955 | 936 | 923 | 899 | 849 | 904 | 982 |
| Operating profit | 150 | 155 | 162 | 167 | 137 | 129 | 129 | 98 |
| Operating margin | 15.0% | 16.2% | 17.3% | 18.1% | 15.2% | 15.2% | 14.3% | 10.0% |
| Interest | 19 | 18 | 19 | 19 | 20 | 18 | 18 | 18 |
| Profit before tax | 135 | 144 | 151 | 155 | 115 | 118 | 120 | 58 |
| Tax rate | −7.4% | 28.5% | 32.5% | 27.7% | 54.8% | 31.4% | 36.7% | 79.3% |
| Net profit | 137 | 93 | 94 | 101 | 43 | 73 | 68 | 6 |
| EPS ($ per share) | — | 1.69 | 1.71 | 1.87 | — | 1.38 | 1.27 | 0.12 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 61 | 57 | 57 | 57 | 56 | 55 | 54 | 53 |
| Reserves | 1,417 | 1,337 | 989 | 1,159 | 1,284 | 1,574 | 1,734 | 1,835 |
| Total liabilities | 1,965 | 1,870 | 1,967 | 2,216 | 2,493 | 2,197 | 2,146 | 2,110 |
| Fixed assets | 1,296 | 1,348 | 1,314 | 1,376 | 1,270 | 1,412 | 1,534 | 1,711 |
| Total assets | 3,244 | 3,004 | 2,781 | 3,306 | 3,525 | 3,604 | 3,736 | 3,815 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 298 | 363 | 377 | 257 | 100 | 595 | 692 | 665 |
| Cash from investing | -246 | -94 | -288 | -186 | -118 | -214 | -235 | -298 |
| Cash from financing | -141 | -236 | -132 | -60 | 145 | -403 | -415 | -336 |
| Net cash flow | -105 | -6 | -18 | 19 | 36 | 32 | -15 | 35 |
| Capital expenditure | -229 | -224 | -200 | -195 | -211 | -244 | -241 | -274 |
| Free cash flow | 69 | 139 | 177 | 62 | -111 | 351 | 451 | 391 |
CBT revenue by segment
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reinforcement Materials | 64% | 64% | 63% | 62% | 63% | 61% | 60% | 61% | +4.5% |
| Performance Chemicals | 33% | 33% | 33% | 35% | 34% | 35% | 36% | 36% | +9.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q3 FY2026 · share of revenue
- Asia Pacific 38% ↑ 1 pt
- Americas 36%
- EMEA 23%
As CBT cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
40 filings between Nov 11, 2025 and Aug 28, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$19.65M
3 sales by 1 insider
Compensation
not trading decisions- 22
- Award — granted as compensation
- 3
- Option exercise — converted options into shares
- 12
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Keohane Sean D | — | $19.65M | Aug 28, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 28, 2026 | Keohane Sean D President and CEO | Sale | 134,895 | $11.47M |
| Aug 28, 2026 | Keohane Sean D President and CEO | Option exercise | 134,895 | $6.74M |
| Aug 24, 2026 | Keohane Sean D President and CEO | Sale | 2,779 | $237.6K |
| Aug 24, 2026 | Keohane Sean D President and CEO | Option exercise | 2,779 | $138.9K |
| Aug 7, 2026 | Keohane Sean D President and CEO | Sale | 91,923 | $7.94M |
| Aug 7, 2026 | Keohane Sean D President and CEO | Option exercise | 91,923 | $5.72M |
| Jan 8, 2026 | Wilson Frank Anders Director | Award | 2,298 | $0 |
| Jan 8, 2026 | Nathoo Raffiq Director | Award | 2,298 | $0 |
| Jan 8, 2026 | ENRIQUEZ CABOT JUAN Director | Award | 486 | $0 |
| Jan 8, 2026 | Kirby William C. Director | Award | 486 | $0 |
| Jan 8, 2026 | DELGROSSO DOUGLAS G Director | Award | 2,298 | $0 |
| Jan 8, 2026 | Morrow Michael M Director | Award | 2,298 | $0 |
| Jan 8, 2026 | Vanlancker Thierry FJ Director | Award | 2,298 | $0 |
| Jan 8, 2026 | Arnold Cynthia A Director | Award | 2,298 | $0 |
| Jan 8, 2026 | Yan Christine Y Director | Award | 2,298 | $0 |
| Jan 8, 2026 | Williams Michelle Elizabeth Director | Award | 2,298 | $0 |
| Dec 3, 2025 | Masterson William F III Senior Vice President | Award | 3,486 | $0 |
| Nov 19, 2025 | Wood Matthew Forster Senior Vice President | Award | 671 | $0 |
| Nov 19, 2025 | Keohane Sean D President and CEO | Award | 32,630 | $0 |
| Nov 19, 2025 | Keohane Sean D President and CEO | Award | 30,932 | $0 |
| Nov 19, 2025 | Keohane Sean D President and CEO | Tax withheld | 10,338 | $617.8K |
| Nov 19, 2025 | Zhu Jeff Ji Executive Vice President | Award | 6,024 | $0 |
| Nov 19, 2025 | Zhu Jeff Ji Executive Vice President | Award | 5,445 | $0 |
| Nov 19, 2025 | Zhu Jeff Ji Executive Vice President | Tax withheld | 998 | $59.6K |
| Nov 19, 2025 | McLaughlin Erica Executive Vice President, CFO | Award | 8,283 | $0 |
| Nov 19, 2025 | McLaughlin Erica Executive Vice President, CFO | Award | 6,943 | $0 |
| Nov 19, 2025 | McLaughlin Erica Executive Vice President, CFO | Tax withheld | 2,259 | $135.0K |
| Nov 19, 2025 | Dumont Lisa M VP, Controller & CAO | Award | 1,606 | $0 |
| Nov 19, 2025 | Dumont Lisa M VP, Controller & CAO | Award | 901 | $0 |
| Nov 19, 2025 | Dumont Lisa M VP, Controller & CAO | Tax withheld | 200 | $12.0K |
| Nov 19, 2025 | Kalita Karen A SVP and General Counsel | Award | 4,518 | $0 |
| Nov 19, 2025 | Kalita Karen A SVP and General Counsel | Award | 4,084 | $0 |
| Nov 19, 2025 | Kalita Karen A SVP and General Counsel | Tax withheld | 872 | $52.1K |
| Nov 19, 2025 | Wood Matthew Forster Senior Vice President | Tax withheld | 219 | $13.1K |
| Nov 11, 2025 | McLaughlin Erica Executive Vice President, CFO | Tax withheld | 2,253 | $138.4K |
| Nov 11, 2025 | Keohane Sean D President and CEO | Tax withheld | 10,608 | $651.4K |
| Nov 11, 2025 | Dumont Lisa M VP, Controller & CAO | Tax withheld | 358 | $22.0K |
| Nov 11, 2025 | Wood Matthew Forster Senior Vice President | Tax withheld | 394 | $24.2K |
| Nov 11, 2025 | Kalita Karen A SVP and General Counsel | Tax withheld | 895 | $55.0K |
| Nov 11, 2025 | Zhu Jeff Ji Executive Vice President | Tax withheld | 1,024 | $62.9K |
| Aug 14, 2025 | Keohane Sean D President and CEO | Sale | 7,677 | $611.2K |
| Aug 14, 2025 | Keohane Sean D President and CEO | Option exercise | 26,455 | $1.30M |
| Aug 14, 2025 | Keohane Sean D President and CEO | Sale | 24,086 | $1.91M |
| Aug 14, 2025 | Keohane Sean D President and CEO | Sale | 2,369 | $188.6K |
| Aug 14, 2025 | Keohane Sean D President and CEO | Sale | 80,304 | $6.36M |
| Aug 14, 2025 | Keohane Sean D President and CEO | Option exercise | 87,981 | $4.44M |
| Jun 15, 2025 | Wood Matthew Forster Senior Vice President | Award | 2,676 | $0 |
| Jun 12, 2025 | McLaughlin Erica Executive Vice President, CFO | Gift | 1,299 | $0 |
| Jan 10, 2025 | Morrow Michael M Director | Award | 1,788 | $0 |
| Jan 10, 2025 | Yan Christine Y Director | Award | 1,788 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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