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Carpenter Technology CRS Q2 2026 earnings

Reported January 29, 2026 · Before market open

Revenue$728.0MBeat by $37.1MDiluted EPS$2.33Beat by $0.11
Revenue estimate$690.9M
EPS estimate$2.22

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$862.0M
EPS estimate$3.03

Financials

Q2 2026

Income statement

See full
Revenue$728.0M+7.5%
Gross profit$218.3M+23.0%
Operating income$155.2M+30.5%
Net income$105.3M+25.2%
EPS (diluted)$2.09+25.9%

Balance sheet

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Cash & equivalents$231.9M+43.1%
Total debt$698.7M-0.5%
Total equity$2.0B+15.6%
Total assets$3.5B+5.3%

Cash flow

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Operating cash flow$132.2M+94.7%
CapEx$46.3M+58.0%
Free cash flow$85.9M+123%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$15.68B+85.4%
Enterprise value$16.15B+79.5%
P/E36.1×+4.6×
P/S5.3×+2.4×

Profitability

See full
Gross margin28.9%+4.8pp
Operating margin20.3%+5.8pp
Net margin14.8%+5.4pp
FCF margin10.8%+1.9pp

Returns & leverage

See full
Return on equity23.5%+6.6pp
Debt / equity0.4×-0.1×
Current ratio4.3×+0.5×

Segments

By product

See full
Aerospace and Defense$472.0M+14.2%
Industrial and Consumer$94.5M+10.9%
Medical$70.7M-18.1%
Energy$50.8M+16.8%
Transportation$22.8M-20.0%

By geography

See full
Europe$145.2M+37.9%
Asia Pacific$79.8M-1.8%
Other$16.4M+16.3%

By segment

See full
Specialty Alloys Operations$661.6M+10.0%
Performance Engineered Products$83.2M-12.4%

Versus estimates

Revenue

Q3 2026$811.5MBeat by $14.5M
Q2 2026$728.0MBeat by $37.1M
Q1 2026$733.7MBeat by $15.8MQ4 2025$755.6MMiss by $36.9MQ3 2025$727.0MMiss by $2.8MQ2 2025$676.9MMiss by $46.9M

Diluted EPS

Q3 2026$2.77Beat by $0.18
Q2 2026$2.33Beat by $0.11
Q1 2026$2.43Beat by $0.30Q4 2025$2.21Beat by $0.14Q3 2025$1.88Beat by $0.14Q2 2025$1.66Beat by $0.10

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Questions, answered.

When did Carpenter Technology report Q2 2026 earnings?
Carpenter Technology (CRS) reported Q2 2026 earnings on January 29, 2026 before market open.
What were Carpenter Technology's Q2 2026 revenue and EPS?
Carpenter Technology reported revenue of $728.0M and diluted EPS of $2.33 for Q2 2026.
Did Carpenter Technology beat estimates in Q2 2026?
Revenue beat the consensus estimate of $690.9M by $37.1M. EPS beat the consensus estimate of $2.22 by $0.11.
How did Carpenter Technology's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.5% from $676.9M a year earlier and diluted EPS grew 40.4% from $1.66.
Where can I find Carpenter Technology's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000017843-26-000005) and the 10-Q periodic report (0000017843-26-000009) directly on SEC EDGAR. The filing index links above go to sec.gov.