Nucor reported second quarter 2026 revenue of $10.40 billion and diluted EPS of $5.04, beating analyst estimates of $10.14 billion and $4.57, respectively. The company reported adjusted EPS of $4.84 per share.
Key Highlights
- The Steel Mills segment drove performance, with pre-tax earnings increasing 38% sequentially to $1.56 billion on higher volumes and average selling prices.
- Total steel mill shipments reached a new quarterly record of 7.1 million tons, a 10% increase from the prior year's quarter.
- Nucor guided for higher consolidated earnings in the third quarter of 2026, expecting increased pricing and volumes in both its steel mills and steel products segments.