EAF Q3 FY2026 earnings: results, stock reaction and implied move

Reported results

GAAP net sales were $140 million, a decrease of 3% year-over-year.
GAAP net loss was $47 million, or $1.76 per share.
Adjusted EBITDA (a non-GAAP measure) was $9 million.
GAAP net cash used in operating activities was $8 million.
Adjusted free cash flow (a non-GAAP measure) was negative $16 million.
Non-GAAP adjusted net loss was $32,109 thousand, or an adjusted loss per share of $1.21.

Maintains expectation for a 5–10% year-over-year increase in graphite electrode sales volume for full-year 2026.
Anticipates a mid-single-digit percentage increase in weighted-average realized pricing for the fourth quarter of 2026 compared to the third quarter of 2026.
Expects a low-single-digit percentage decline in non-GAAP cash cost of goods sold per MT for full-year 2026 compared to 2025.
Anticipates full-year 2026 capital expenditures of approximately $35 million.

The figures above come from the earnings release the company filed with the SEC on 2026-10-23 (8-K, Item 2.02). Read the original filing on sec.gov.