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Albemarle
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Updated Nov 5, 2026
Albemarle Q3 2026: Adjusted EBITDA surges 186% YoY on lithium price recovery as specialties guidance raised and capex cut by 40%.
Albemarle's Q3 2026 results mark a decisive earnings inflection: adjusted EBITDA of $646 million expanded margins to 42% as lithium pricing recovery drove a 351% EBITDA increase in energy storage and bromine specialties outperformed on dual-source supply advantage amid Middle East disruption. Management raised specialties EBITDA guidance to $350M-$375M and cut full-year capex guidance by 40% to $300M-$350M, signaling disciplined capital reallocation rather than a growth pause. The fundamental disconnect between weak spot lithium prices and tight physical market conditions — with demand outpacing supply and customer order books solid into H1 2027 — is the central tension the market must resolve.
Tone: bullishRevenue
$5.1B
ALB 10-K · FY 2025
Employees
7,800
Revenue FY2024
$5.4B
Founded
1993
Profile
ALB 10-K Item 1 · Feb 11, 2026Albemarle is a Virginia-incorporated specialty chemicals company and world leader in lithium and bromine compounds, serving end markets including electric vehicles, grid storage, electronics, pharmaceuticals, and conventional energy. The company operates through three reportable segments — Energy Storage, Specialties, and Ketjen — across more than 25 production and R&D facilities in approximately 70 countries. As of late 2025, Albemarle is divesting the controlling interest in its Ketjen Refining Solutions business to focus on its higher-priority lithium and bromine businesses.
Read filing description ↓ Collapse description ↑
Albemarle is a world leader in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. Our purpose is to enable a more resilient world. We partner to pioneer new ways to move, power, connect, and protect. The end markets we serve include grid storage, automotive, aerospace, conventional energy, electronics, construction, agriculture and food, pharmaceuticals and medical devices. We believe that our world-class resources with reliable and consistent supply, our leading process chemistry, high-impact innovation, customer centricity and focus on people and planet will enable us to maintain a leading position in the industries in which we operate. We and our joint ventures currently operate more than 25 production and research and development facilities, as well as a number of administrative and sales offices, around the world. As of December 31, 2025, we served approximately 1,900 customers in approximately 70 countries. During 2025, we managed and reported our operations under three reportable segments: Energy Storage, Specialties and Ketjen. The Energy Storage business enables better lithium use through reliable supply and consistent quality, developing and manufacturing a broad range of basic lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride. The Specialties business optimizes our portfolio of bromine and highly specialized lithium solutions, serving a variety of industries including energy, mobility, connectivity, and health. The Ketjen segment offers hydroprocessing catalysts, fluidized catalytic cracking catalysts and performance catalyst solutions for the global refining industry, though the controlling interest in its Refining Solutions business is being divested.
Primary products
- lithium carbonate
- lithium hydroxide
- lithium chloride
- butyllithium
- lithium aluminum hydride
- elemental bromine
Business segments
End markets
Geographies
Named competitors
“We are a world leader in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Net sales declined from approximately $5.4 billion in 2024 to approximately $5.1 billion in 2025, partially offset by a 9% year-over-year increase in Energy Storage volume, against a backdrop of significantly lower lithium market pricing versus the prior year.
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