CSTM

Constellium SE (CSTM) has twice raised FY2026 guidance, now targeting $980M–$1.02B Adjusted EBITDA and $300M+ free cash flow. CSTM trades at 7.4x trailing earnings and 5.4x EV/EBITDA, the lowest multiples in its peer group despite record results and active buybacks. Policy-driven tariff advantages and aerospace/auto contracts drive profitability, but commodity price lag and packaging softness present risks.

Constellium delivered record Q2 adjusted EBITDA, driven by robust aluminum pricing and disciplined execution, but faces near-term headwinds from falling commodity prices. CSTM raised guidance, expecting $980M–$1.02B in adjusted EBITDA and over $300M free cash flow, with 2028 targets now likely to be achieved ahead of schedule. I favor CSTM's quality and through-cycle economics over more levered peers, yet aluminum price volatility prompts a downgrade to Hold despite continued value.

Constellium lifts its 2026 outlook as aerospace demand, auto tightness and recycling gains support record EBITDA and free cash flow, even as tailwinds moderate.

CSTM and RYZ both ride aluminum demand, but stronger estimate revisions, share gains and valuation make Constellium stand out.

Constellium NYSE: CSTM reported record second-quarter adjusted EBITDA and raised its full-year 2026 outlook, citing stronger aerospace and industrial demand, favorable recycling conditions and supply constraints in North American automotive aluminum products.

Constellium (CSTM) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.25 per share a year ago.

PARIS, July 29, 2026 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) ("Constellium" or the "Company") today reported results for the second quarter and the first half ended June 30, 2026.

Constellium heads into Q2 results with revenue and earnings growth expected, but higher costs and currency headwinds could shape the quarter.

Constellium (CSTM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Constellium SE's CSTM cost structure remains under pressure from higher input and operating expenses. In the first quarter of 2026, cost of sales increased 19% year over year to $2.04 billion, driven by higher raw material and consumable costs amid elevated aluminum prices.