Revenue: As of FY2026 Q2, the actual value is USD 10.4 B, beating the estimate of USD 10.13 B.

EPS: As of FY2026 Q2, the actual value is USD 5.04, beating the estimate of USD 4.767.

EBIT: As of FY2026 Q2, the actual value is USD 1.637 B.

Net Earnings

Net earnings attributable to Nucor Corporation stockholders were $1.16 billion, or $5.04 per diluted share, for the second quarter of 2026, compared to $743 million, or $3.23 per diluted share, for the first quarter of 2026, and $603 million, or $2.60 per diluted share, for the second quarter of 2025. Adjusted net earnings attributable to Nucor Corporation stockholders were $1.11 billion, or $4.84 per diluted share, for the second quarter of 2026. Net earnings before noncontrolling interests stood at $1.28 billion for the second quarter of 2026.

EBITDA

EBITDA was $2.02 billion for the second quarter of 2026, an increase from $1.514 billion in Q1 2026 and $1.295 billion in Q2 2025. For the six months ended July 4, 2026, EBITDA was $3.534 billion, an increase from $1.991 billion for the six months ended July 5, 2025.

Segment Earnings Before Income Taxes and Noncontrolling Interests

For the three months ended July 4, 2026: Steel mills: $1,556 million. Steel products: $353 million. Raw materials: $146 million. Corporate/eliminations: - $430 million.

For the six months ended July 4, 2026: Steel mills: $2,684 million. Steel products: $629 million. Raw materials: $191 million. Corporate/eliminations: - $783 million.

Operational Costs

Cost of products sold for the three months ended July 4, 2026, was $8,363 million, up from $7,995 million in the prior quarter and $7,233 million in the same quarter last year. Marketing, administrative and other expenses were $405 million for the second quarter of 2026. Pre-operating and start-up costs were $120 million for the second quarter of 2026, a 12% decrease from $136 million in the second quarter of 2025. For the six months ended July 4, 2026, pre-operating and start-up costs were $228 million, a 25% decrease from $306 million in the prior year’s six-month period.

Cash Flow

Cash provided by operating activities for the six months ended July 4, 2026, was $2,286 million, significantly higher than $1,096 million for the six months ended July 5, 2025. Cash used in investing activities for the six months ended July 4, 2026, was - $956 million, an improvement from - $1,723 million for the six months ended July 5, 2025. Cash used in financing activities for the six months ended July 4, 2026, was - $1,104 million, compared to - $996 million for the six months ended July 5, 2025. Free cash flow was $829 million in Q2 2026, a significant improvement from - $222 million in Q1 2026.

Cash and Investments

Nucor Corporation held $2.69 billion in cash and cash equivalents and short-term investments at the end of the second quarter of 2026. Cash and cash equivalents were $2,692 million.

Capital Expenditures

Capital expenditures for Q2 2026 were $571 million.

Shareholder Returns

Nucor Corporation repurchased approximately 1.53 million shares of its common stock at an average price of $228.76 per share during the second quarter of 2026. Approximately $479 million was returned to stockholders in the second quarter of 2026 through share repurchases and dividend payments. For the first six months of 2026, approximately $733 million was returned to stockholders. A cash dividend of $0.56 per share was declared on June 9, 2026.

Balance Sheet and Liquidity

The company maintained a debt/capitalization ratio of approximately 23% and reported approximately $3.4 billion in liquidity. Total debt stood at $7,099 million, with net debt at $4,407 million. Total equity and non-controlling interests were $23,266 million, and total book capitalization amounted to $30,365 million.

Operational Highlights

The Year-to-Date Injury & Illness Rate was 0.71. Total external mill shipments reached 7.6 million tons in Q2 2026, a 2% increase compared to Q1 2026, with steel mill shipments setting a new quarterly record of 7.1 million tons, up 18% quarter-over-quarter. Steel products shipments increased by 10% quarter-over-quarter, and backlogs grew to 5.6 million tons, an 18% increase over Q1 2026. Mill utilization was 91%, up 500 basis points from Q1 2026.

Outlook / Guidance for Third Quarter of 2026

Nucor Corporation anticipates higher consolidated reported earnings in the third quarter of 2026 compared to the second quarter of 2026. The steel mills segment expects increased earnings due to higher realized pricing with stable volumes, while the steel products segment projects increased earnings driven by both higher volumes and higher realized pricing. The raw materials segment is expected to experience decreased earnings due to lower margins, lower scrap pricing, and higher pellet costs.