DMC Global, Inc. (BOOM)
NASDAQIndustrialsOil & Gas Equipment & ServicesSnapshot 2026-09-04
$6.97+0.72%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsOil & Gas Equipment & ServicesSnapshot 2026-09-04
Intact: The reason to own it still holds.
DMC Global aims for $148M to $158M revenue in Q2 2026. It targets $6M to $8M adjusted EBITDA in the same quarter. Operating losses are improving from -$11.13M to -$4.08M. These show early signs of a business recovery.
Revenue fell from $159M to $135M in Q1 2026. The company is still losing money with negative operating income. Recent earnings misses show weak execution. The turnaround may stall or fail.
The market expects about 7% revenue growth. Our fair value is near $38. The price reflects some recovery but also risks from losses and weak results.
Breaks if: Adjusted EBITDA falls below $6M in Q2 2026
Breaks if: Operating income remains below -$4.08M over next year
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround scenario. The company is currently loss-making, but there are signs of improvement in revenue and operating income, though the overall management execution remains neutral.
The market seems to have priced in a justified valuation, with the stock appearing cheap compared to peers. There is a negative expectations gap, indicating that the market may not be anticipating significant improvements in performance.
Fundamentals may show some improvement, as management has met recent revenue and adjusted EBITDA targets. However, there is an elevated risk of missing future earnings, which could impact performance negatively.
The future performance of BOOM hinges on the guidance provided in upcoming calls and the performance of sector bellwethers like TTI and HMH. Positive momentum in the Industrials sector could support BOOM, while negative trends could lead to further challenges.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improved outlook. There are no new threats impacting the thesis at this time.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Focus on improving operating income across the company’s segments amid challenging market conditions.
Stated as a priority in 2 of last 2 quarters. Operating income improved significantly from a loss of $4.1 million in Q1 2026 to a positive $5.2 million in Q2 2026, a 228% sequential increase. This shows delivering progress on improving operating income despite challenging market conditions.
“Operating income was $5.2 million in Q2 2026, a 228% increase sequentially.”
“Operating loss was $4.1 million in Q1 2026.”
Breaks if: Revenue falls below $148M in Q2 2026
Focus on achieving second quarter 2026 sales in the range of $148 million to $158 million across all business segments.
Stated as a priority in 2 of last 2 quarters. Actual Q2 2026 revenue was $157.0 million, up 16% sequentially from $135.6 million in Q1 2026 and roughly flat year-over-year. Management's guidance for Q2 sales was $148 million to $158 million, which was met. The trajectory is delivering against this revenue growth priority.
“Second quarter sales were $157.0 million, level with the 2025 second quarter and up 16% sequentially.”
“Second quarter sales are expected to be in a range of $148 million to $158 million.”
Over the next 1 to 3 years, BOOM's performance will depend on management's ability to navigate risks and capitalize on sector trends. Not investment advice.