Jun 2026 (Q2 FY26) — Jul 29, 2026
Constellium Q2 FY26 — Record Adjusted EBITDA and Raised Full-Year Outlook
Read the full callConstellium (CSTM) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Constellium earnings: last reported Wed, 29 Jul 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 | 2,461 | +24.4% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Mar 2026 | Not in the filed figures for the quarter to mar 2026. No older figure is substituted. | ||
| Net profit | 199 | +437.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
9 of 10 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Third Airware casthouse at Issoire to start up | start-up by the end of 2026 | Dec 2025 | I'm pleased to announce the cast house is up and running, and we have begun customer qualifications | Achieved |
| Full-year 2026 adjusted EBITDA (excluding noncash metal price lag) | $780 million to $820 million | Dec 2025 | we are now targeting adjusted EBITDA, excluding the non-cash impact of metal price lag in the range of $980 million to $1.02 billion | Revised Up |
| Full-year 2026 capital expenditure | approximately $315 million (transcript garbled as $115 million) | Dec 2025 | We expect CapEx to be approximately $330 million | On Track |
1 of CONSTELLIUM SE's 35 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 32 more targets are in the full ledger.
Claimed
- Achieved record adjusted EBITDA of $310 million (excluding metal price lag) in Q2, up 88% year-over-year.
- Raised full-year 2026 adjusted EBITDA outlook to a range of $980 million to $1.02 billion.
- Increased full-year 2026 free cash flow target to over $300 million.
- Reduced leverage to 1.8x by quarter-end, well within the target range of 1.5x to 2.5x.
- Delivered strong safety performance with a year-to-date recordable case rate of 1.3 per million hours worked, down from 1.9 in 2025.
Qualified
- Packaging shipments decreased 9% in Q2, though underlying demand remained healthy.
- European automotive demand remains weak, particularly in the premium vehicle segment, facing increased Chinese competition.
- Noted inflationary pressures in freight, lubricants, and coatings due to the Middle East conflict.
- Working capital is expected to be a larger use of cash for the full year due to higher metal prices.
Price
$25.47 +0.39% · +$0.1
Performance +66.3% 1Y
1Y: $15.32 on 14 Oct 2025 → $25.47. High $36.15 (4 Jun 2026), low $14.75 (18 Nov 2025).
- Previous close
- $25.37
- 52-week range
- $14.75 – $36.15
- One year
- +60.09%
Overview
- Symbol
- CSTM
- Sector
- Materials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
9 of 10 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Third Airware casthouse at Issoire to start up | start-up by the end of 2026 | Dec 2025 | I'm pleased to announce the cast house is up and running, and we have begun customer qualifications | Achieved |
| Full-year 2026 adjusted EBITDA (excluding noncash metal price lag) | $780 million to $820 million | Dec 2025 | we are now targeting adjusted EBITDA, excluding the non-cash impact of metal price lag in the range of $980 million to $1.02 billion | Revised Up |
| Full-year 2026 capital expenditure | approximately $315 million (transcript garbled as $115 million) | Dec 2025 | We expect CapEx to be approximately $330 million | On Track |
Claimed
- Achieved record adjusted EBITDA of $310 million (excluding metal price lag) in Q2, up 88% year-over-year.
- Raised full-year 2026 adjusted EBITDA outlook to a range of $980 million to $1.02 billion.
- Increased full-year 2026 free cash flow target to over $300 million.
- Reduced leverage to 1.8x by quarter-end, well within the target range of 1.5x to 2.5x.
- Delivered strong safety performance with a year-to-date recordable case rate of 1.3 per million hours worked, down from 1.9 in 2025.
Qualified
- Packaging shipments decreased 9% in Q2, though underlying demand remained healthy.
- European automotive demand remains weak, particularly in the premium vehicle segment, facing increased Chinese competition.
- Noted inflationary pressures in freight, lubricants, and coatings due to the Middle East conflict.
- Working capital is expected to be a larger use of cash for the full year due to higher metal prices.
The full ledger
Open CONSTELLIUM SE’s full ledger
A free account opens 5 company ledgers a month. All 35 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 29, 2026
Constellium Q1 FY26 — Record Adjusted EBITDA and Raised Full-Year Outlook
Read the full callEvery analysed call
Constellium earnings calls (CSTM)
Financials
What the filings say
Net profit, year on year: +438% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,932 | 1,802 | 1,721 | 1,979 | 2,103 | 2,166 | 2,201 | 2,461 |
| Profit before tax | 104 | 19 | -18 | 62 | 56 | 126 | 164 | 272 |
| Tax rate | 26.0% | 57.9% | −161.1% | 38.7% | 35.7% | 30.2% | 31.1% | 27.9% |
| Net profit | 76 | 7 | -48 | 37 | 36 | 88 | 112 | 199 |
| EPS ($ per share) | 0.52 | 0.05 | — | 0.26 | 0.25 | 0.63 | — | 1.47 |
| Line item | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Equity capital | — | 4 | 4 | 4 |
| Reserves | — | — | 93 | 354 |
| Total liabilities | — | 4,191 | 4,007 | 4,383 |
| Fixed assets | — | 2,422 | 2,408 | 2,585 |
| Total assets | — | 4,933 | 4,734 | 5,354 |
| Line item | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Cash from operations | 365 | 432 | 301 | 489 |
| Cash from investing | -196 | -216 | -313 | -309 |
| Cash from financing | -150 | -177 | -61 | -215 |
| Capital expenditure | -289 | -366 | -413 | -330 |
| Free cash flow | 76 | 66 | -112 | 159 |
CSTM revenue by segment
Automotive Structures and Industry shrank from 18% to 16% of revenue over the last six quarters.
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|
| Packaging and Automotive Rolled Products | 60% | 59% | 60% | 61% | 60% | 61% | +35.8% |
| Aerospace and Transportation | 22% | 22% | 21% | 23% | 24% | 23% | +36.5% |
| Automotive Structures and Industry | 18% | 19% | 18% | 16% | 16% | 16% | +8.2% |
| Holding Corporate | 0% | <1% | <1% | <1% | <1% | <1% | +100.0% |
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
CSTM operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Shipments | 370K tonsShipments were 370,000 tons in the first quarter as higher shipments in A&T were offset by lower shipments in PARP and AS&I Revenue of $2.5 billion increased 24% compared to the first quarter of 2025 due to the higher revenue per ton, including higher metal prices.Source: earnings call transcript | 381K tonsShipments were 381,000 tons in the second quarter as higher shipments in A&T were offset by lower shipments in P&ARP.Source: earnings call transcript | +3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
52 filings between Feb 20, 2026 and Aug 3, 2026.
Open market
decisions to buy or sellPurchases
$207.7K
7 purchases by 5 insiders
Sales
$12.19M
26 sales by 13 insiders
Compensation
not trading decisions- 18
- Award — granted as compensation
- 1
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Hoffmann Philippe | $0 | $3.83M | May 1, 2026 |
| Jurkovic Philip Ryan | — | $2.34M | May 1, 2026 |
| Guo Jack Q. | — | $1.90M | May 5, 2026 |
| Brun Nicolas | — | $1.34M | May 11, 2026 |
| Becker Marcus | $0 | $1.04M | May 28, 2026 |
| Corre Stephane | $0 | $523.0K | May 8, 2026 |
| Brandjes Michiel | — | $325.0K | May 5, 2026 |
| Ormerod John | — | $280.1K | Jun 4, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 3, 2026 | Deslarzes Jean-Christophe Director | Purchase | 1,490 | $40.6K |
| Jul 10, 2026 | Joerg Ingrid CEO | Tax withheld | 2,984 | $87.4K |
| Jun 4, 2026 | Ormerod John Director | Sale | 8,000 | $280.1K |
| May 28, 2026 | Becker Marcus SVP CPO | Sale | 10,391 | $363.0K |
| May 14, 2026 | Soultz Bradley Lee Director | Purchase | 2,500 | $84.6K |
| May 14, 2026 | Jarrett Martin SVP Chief Innovation Officer | Sale | 4,716 | $157.8K |
| May 12, 2026 | Piquier Ludovic SVP Manuf Excellence & CTO | Sale | 1,000 | $33.6K |
| May 11, 2026 | Brun Nicolas SVP PA, Comm & Sust | Sale | 26,661 | $902.5K |
| May 8, 2026 | Corre Stephane President, AS&I | Sale | 5,000 | $167.6K |
| May 5, 2026 | Brandjes Michiel Director | Sale | 10,400 | $325.0K |
| May 5, 2026 | Guo Jack Q. EVP & CFO | Sale | 25,201 | $822.1K |
| May 1, 2026 | Hoffmann Philippe President, A&T | Sale | 50,000 | $1.60M |
| May 1, 2026 | Corre Stephane President, AS&I | Sale | 5,000 | $160.2K |
| May 1, 2026 | Jurkovic Philip Ryan SVP & CHRO | Sale | 48,784 | $1.56M |
| May 1, 2026 | Deslarzes Jean-Christophe Director | Purchase | 1,325 | $41.2K |
| Mar 16, 2026 | Becker Marcus SVP CPO | Sale | 10,000 | $250.9K |
| Mar 12, 2026 | Schild Niklaus SVP CIO & CDO | Award | 3,355 | $0 |
| Mar 12, 2026 | Guo Jack Q. EVP & CFO | Award | 19,690 | $0 |
| Mar 12, 2026 | Corre Stephane President, AS&I | Award | 7,293 | $0 |
| Mar 12, 2026 | Hoffmann Philippe President, A&T | Award | 12,033 | $0 |
| Mar 12, 2026 | Perkins Matthew B. President, P&ARP | Award | 10,210 | $0 |
| Mar 12, 2026 | Joerg Ingrid CEO | Award | 31,358 | $0 |
| Mar 12, 2026 | Becker Marcus SVP CPO | Award | 3,938 | $0 |
| Mar 12, 2026 | Piquier Ludovic SVP Manuf Excellence & CTO | Award | 5,469 | $0 |
| Mar 12, 2026 | Jurkovic Philip Ryan SVP & CHRO | Award | 10,210 | $0 |
| Mar 12, 2026 | Brun Nicolas SVP PA, Comm & Sust | Award | 4,376 | $0 |
| Mar 12, 2026 | Weiler Wiebke Director | Award | 625 | $0 |
| Mar 12, 2026 | Walters Stephen Charles SVP GC & Secretary | Award | 5,834 | $0 |
| Mar 10, 2026 | Corre Stephane President, AS&I | Sale | 1,500 | $38.8K |
| Mar 10, 2026 | Hoffmann Philippe President, A&T | Sale | 4,728 | $122.3K |
| Mar 10, 2026 | Guo Jack Q. EVP & CFO | Sale | 41,717 | $1.08M |
| Mar 10, 2026 | Joerg Ingrid CEO | Sale | 4,614 | $119.4K |
| Mar 10, 2026 | Jurkovic Philip Ryan SVP & CHRO | Sale | 29,900 | $773.5K |
| Mar 10, 2026 | Becker Marcus SVP CPO | Sale | 1,113 | $28.8K |
| Mar 9, 2026 | Hoffmann Philippe President, A&T | Purchase | 71,132 | $0 |
| Mar 9, 2026 | Joerg Ingrid CEO | Award | 71,132 | $0 |
| Mar 9, 2026 | Brun Nicolas SVP PA, Comm & Sust | Sale | 17,701 | $436.7K |
| Mar 9, 2026 | Corre Stephane President, AS&I | Purchase | 8,026 | $0 |
| Mar 9, 2026 | Brun Nicolas SVP PA, Comm & Sust | Award | 23,710 | $0 |
| Mar 9, 2026 | Schild Niklaus SVP CIO & CDO | Award | 5,106 | $0 |
| Mar 9, 2026 | Piquier Ludovic SVP Manuf Excellence & CTO | Award | 30,350 | $0 |
| Mar 9, 2026 | Jurkovic Philip Ryan SVP & CHRO | Award | 59,276 | $0 |
| Mar 9, 2026 | Guo Jack Q. EVP & CFO | Award | 75,874 | $0 |
| Mar 9, 2026 | Becker Marcus SVP CPO | Purchase | 14,592 | $0 |
| Mar 4, 2026 | Hoffmann Philippe President, A&T | Sale | 30,000 | $814.2K |
| Mar 4, 2026 | Hoffmann Philippe President, A&T | Sale | 50,000 | $1.30M |
| Mar 2, 2026 | Deslarzes Jean-Christophe Director | Purchase | 1,665 | $41.2K |
| Feb 27, 2026 | Corre Stephane President, AS&I | Sale | 3,000 | $74.1K |
| Feb 26, 2026 | Boccon-Gibod Isabelle Director | Sale | 10,000 | $257.7K |
| Feb 25, 2026 | Corre Stephane President, AS&I | Sale | 3,200 | $82.3K |
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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