Nucor Q2 2026: profit jumps 91.7% on $10.40 billion revenue
Nucor's fiscal Q2 2026 was a breakout quarter: revenue of $10.40 billion, GAAP EPS of $5.04, and free cash flow of $829 million, with management pointing to higher earnings again in Q3. Two things temper it — $0.20 of EPS came from a non-cash gain, and a $130 million cost reduction tied to prior periods helped steel mills. Real beat, partly assisted.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $5.04 rose 93.8% from $2.60 a year ago and came in above the $4.42 consensus estimate. Nucor's own adjusted figure is $4.84, which removes a $0.20 non-cash gain on its Helion investment. Even the cleaned-up number sits above consensus, so the beat is not purely an accounting event.
Revenue of $10.40 billion rose 23.0% from $8.456 billion a year earlier and 9.5% from $9.496 billion in Q1 2026. Volume is doing much of the work: management describes a second consecutive quarterly record for steel mill shipments. Gross margin of 19.6% compares with 14.5% a year ago and 15.8% last quarter, so pricing and mix improved sharply.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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