Albemarle stock holds near $137 after Q2 earnings beat
Published on 08/29/2026 at 14:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Albemarle Corp. (US0126531013) held near $137 after the company reported second-quarter 2026 EPS of $3.75 on revenue of $1.74 billion, both above expectations, while the stock was marked at $137.34 on August 28, 2026. The move followed a filing update that showed 349,801 shares bought by Legal & General Group Plc, valued at $47.2 million.
Q2 numbers set the tone
On August 5, 2026, Albemarle said quarterly revenue rose 31.1% year over year to $1.74 billion, compared with $1.61 billion expected by analysts in the same period. EPS of $3.75 also topped the $3.20 consensus, and the business posted a 3.09% net margin.
The latest portfolio update added another data point: Legal & General Group Plc disclosed a new 349,801-share position in the second quarter, a stake valued at $47.2 million. That kind of institutional buying matters because it arrived after a quarter in which earnings momentum improved sharply.
Analysts stay constructive
Market data on August 28, 2026 put Albemarle's market cap at $16.21 billion, with a 52-week range of $71.25 to $221.00 and volume of 1.45 million shares. The same snapshot showed a consensus target of $190.04, which leaves the shares below that level even after a 1.16% daily gain.
The valuation gap is still notable. Albemarle's forward P/E stood at 12.06, while the trailing P/E was 508.69 because earnings have been uneven over the last year.
What the business sells
Albemarle's core products are lithium, bromine and catalysts, with lithium tied most closely to battery demand for electric vehicles, portable electronics and grid storage. That mix explains why quarterly pricing and volume trends can move the shares faster than the broader chemicals group.
Stock level to watch
As of August 28, 2026, Albemarle traded at $137.34, up $1.57 or 1.16%, against a 52-week band of $71.25 to $221.00.
Fact box
Company: Albemarle Corp.
ISIN: US0126531013
Ticker: ALB
Exchange: NYSE
Price (as of August 28, 2026, 3:58 p.m. ET): $137.34 USD
Market cap: $16.21 billion (as of August 28, 2026)
Sector / Industry: Materials / Specialty Chemicals
Index membership: S&P 500
Next earnings date: November 4, 2026
