GrafTech International reported strong Q2 2026 volume growth alongside a net loss and modest EBITDA, with net sales around $127.4 million and 30.8 thousand MT of sales, up 8% year over year, while production reached 33.4 thousand MT and capacity utilization stood at about 74%. The company also posted a net loss of roughly $40.5 million for the quarter, with adjusted EBITDA near $1.9 million and an adjusted free cash flow of about negative $75.5 million. Pricing actions were a central theme, as GrafTech implemented price increases on uncommitted volume and targeted higher realized prices, citing a weighted-average realized price of roughly $3,900/MT for Q2 2026. Liquidity remained solid at about $253 million, including $145 million of cash and $108 million available under its revolver, while gross debt stood near $1.225 billion; the company drew down a remaining $100 million delayed-draw loan in June 2026. Management signaled continued profitability focus with full-year volume growth guidance of 5–10% and more than 90% of 2026 volume already committed, while noting Q2 cash burn could be the peak of the year; investors reacted positively in early trading, with shares rising in pre-market activity.