Jun 2026 (Q2 FY26) — Jul 28, 2026
Nucor Q2 FY26 — Record Shipments and Strong Demand Across End Markets
Read the full callNucor (NUE) earnings
- Jul 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Nucor earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 10,397 | +23.0% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jul 2026 | Not in the filed figures for the quarter to jul 2026. No older figure is substituted. | ||
| Net profit | 1,156 | +91.7% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
39 of 47 judged targets kept · 29 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Consolidated earnings, sequential direction | Higher consolidated earnings with improvement across all three operating segments | Mar 2026 | In the second quarter, Nucor generated net earnings of $1.2 billion or $5.04 per share exceeding the midpoint of our guidance range by $0.29 | Achieved |
| Berkeley County automotive galvanizing line commissioned | Commission the automotive galv line by the middle of 2026 | Sep 2024 | On the construction front, we expect to complete our Berkeley galv line, the full range of our Crawfordsville coating operation and Indiana Towers and structures facility later this year. | Missed |
| Alabama towers and structures facility EBITDA positive run rates | Reach EBITDA positive run rates by the end of the summer of 2026 | Mar 2026 | while others like our Alabama Towers and Structures facility are expected to reach EBITDA positive later this year | Diluted |
8 of NUCOR CORP's 76 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 73 more targets are in the full ledger.
Claimed
- Adjusted earnings of $4.84 per share, exceeding guidance midpoint by $0.29.
- Steel Mills segment achieved all-time high quarterly shipments of 7.1 million tons, a second consecutive record.
- Steel Products shipments increased 11% versus Q1, with growth across all major products.
- Generated $829 million in free cash flow, the strongest quarter since 2023.
- Returned $479 million to shareholders through dividends and buybacks, representing 41% of net earnings.
Qualified
- Pre-operating and start-up costs totaled $120 million in Q2, expected to remain elevated through 2026 and 2027.
- Raw materials segment expects lower earnings in Q3 due to lower expected realized scrap pricing and elevated iron ore costs.
- Finished steel imports increased Q-o-Q, particularly in beams, absorbing some incremental demand.
Price
$260.73 +1.73% · +$4.44
Performance +97.9% 1Y
1Y: $131.78 on 17 Oct 2025 → $260.73. High $274.74 (5 Aug 2026), low $131.78 (17 Oct 2025).
- Previous close
- $256.29
- 52-week range
- $136.61 – $274.74
- One year
- +90.86%
Overview
- Symbol
- NUE
- Sector
- Materials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
39 of 47 judged targets kept · 29 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Consolidated earnings, sequential direction | Higher consolidated earnings with improvement across all three operating segments | Mar 2026 | In the second quarter, Nucor generated net earnings of $1.2 billion or $5.04 per share exceeding the midpoint of our guidance range by $0.29 | Achieved |
| Berkeley County automotive galvanizing line commissioned | Commission the automotive galv line by the middle of 2026 | Sep 2024 | On the construction front, we expect to complete our Berkeley galv line, the full range of our Crawfordsville coating operation and Indiana Towers and structures facility later this year. | Missed |
| Alabama towers and structures facility EBITDA positive run rates | Reach EBITDA positive run rates by the end of the summer of 2026 | Mar 2026 | while others like our Alabama Towers and Structures facility are expected to reach EBITDA positive later this year | Diluted |
Claimed
- Adjusted earnings of $4.84 per share, exceeding guidance midpoint by $0.29.
- Steel Mills segment achieved all-time high quarterly shipments of 7.1 million tons, a second consecutive record.
- Steel Products shipments increased 11% versus Q1, with growth across all major products.
- Generated $829 million in free cash flow, the strongest quarter since 2023.
- Returned $479 million to shareholders through dividends and buybacks, representing 41% of net earnings.
Qualified
- Pre-operating and start-up costs totaled $120 million in Q2, expected to remain elevated through 2026 and 2027.
- Raw materials segment expects lower earnings in Q3 due to lower expected realized scrap pricing and elevated iron ore costs.
- Finished steel imports increased Q-o-Q, particularly in beams, absorbing some incremental demand.
The full ledger
Open NUCOR CORP’s full ledger
A free account opens 5 company ledgers a month. All 76 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
Nucor Q1 FY26 — Record Shipments and Strong Backlogs Drive Earnings Beat
Read the full callDec 2025 (Q4 FY25) — Jan 27, 2026
Nucor Q4 FY25 — Strong Backlogs and Project Ramp-ups Drive Optimistic 2026 Outlook
Read the full callEvery analysed call
Nucor earnings calls (NUE)
Financials
What the filings say
Net profit, year on year: +92% (quarter to jul 2026 against jul 2025).
| Line item | Sep 2024 | Dec 2024 | Apr 2025 | Jul 2025 | Oct 2025 | Dec 2025 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7,444 | 7,076 | 7,830 | 8,456 | 8,521 | 7,687 | 9,496 | 10,397 |
| Interest | 65 | 52 | 51 | 49 | 38 | 32 | 39 | 36 |
| Profit before tax | 389 | 390 | 285 | 899 | 883 | 501 | 1,096 | 1,625 |
| Tax rate | 22.1% | 11.6% | 20.7% | 21.5% | 22.6% | 15.6% | 20.6% | 21.2% |
| Net profit | 250 | 287 | 156 | 603 | 607 | 378 | 743 | 1,156 |
| EPS ($ per share) | 1.05 | 1.22 | 0.67 | 2.60 | 2.63 | — | 3.23 | 5.05 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 152 | 152 | 152 | 152 | 152 | 152 | 152 | 152 |
| Reserves | 10,337 | 11,115 | 11,344 | 17,674 | 24,755 | 28,762 | 30,271 | 31,504 |
| Total liabilities | 7,719 | 7,553 | 8,894 | 11,219 | 12,909 | 13,217 | 12,523 | 12,980 |
| Fixed assets | 5,335 | 6,179 | 6,899 | 8,115 | 9,617 | 11,050 | 13,243 | 15,306 |
| Investments | 0 | 300 | 408 | 253 | 577 | 747 | 581 | 439 |
| Total assets | 17,921 | 18,345 | 20,125 | 25,823 | 32,479 | 35,340 | 33,940 | 35,104 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,394 | 2,809 | 2,697 | 6,231 | 10,072 | 7,112 | 3,979 | 3,234 |
| Cash from investing | -1,030 | -1,794 | -1,764 | -2,874 | -5,703 | -2,496 | -3,734 | -3,226 |
| Cash from financing | -908 | -880 | 286 | -3,603 | -2,511 | -2,593 | -3,058 | -1,315 |
| Net cash flow | 450 | 136 | 1,220 | -246 | 1,852 | 2,026 | -2,829 | -1,298 |
| Capital expenditure | -983 | -1,477 | -1,543 | -1,622 | -1,948 | -2,214 | -3,173 | -3,422 |
| Free cash flow | 1,411 | 1,332 | 1,154 | 4,609 | 8,124 | 4,898 | 806 | -188 |
NUE revenue by segment
Steel Products shrank from 34% to 30% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Steel Mills | 60% | 60% | 63% | 62% | 60% | 61% | 64% | 62% | +23.4% |
| Steel Products | 34% | 33% | 31% | 31% | 33% | 32% | 29% | 30% | +16.9% |
| Raw Materials | 7% | 6% | 7% | 6% | 7% | 7% | 7% | 8% | +48.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
NUE operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Employees | 32K+So on behalf of our more than 32,000 team members, thank you both for all of your leadership, friendship and dedication to Nucor You will be greatly missed.Source: earnings call transcript | 33KI want to begin by thanking our 33,000 Nucor teammates for their continued commitment to safety.Source: earnings call transcript | 33KAnd on behalf of our 33,000 team members, Dave, thank you.Source: earnings call transcript | 33KAnd as always, I want to begin by recognizing our 33,000 teammates across the company for their continued commitment to working safely.Source: earnings call transcript | 33KCulture, obviously, is how we care for the 33,000 men and women of this incredible family of ours.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
149 filings between Oct 30, 2025 and Aug 17, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$56.95M
47 sales by 12 insiders
Compensation
not trading decisions- 40
- Award — granted as compensation
- 9
- Option exercise — converted options into shares
- 48
- Tax withheld — shares kept back by the company to cover tax
Also filed: 5 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Topalian Leon J | — | $21.48M | Aug 14, 2026 |
| Behr Allen C | — | $9.50M | Aug 14, 2026 |
| Sumoski David A | — | $7.46M | Apr 30, 2026 |
| QUERY KENNETH REX | — | $4.86M | Jun 1, 2026 |
| Hollatz John J | — | $3.78M | Jun 3, 2026 |
| Needham Daniel R. | — | $3.60M | May 1, 2026 |
| Hanners Noah C | — | $1.47M | May 1, 2026 |
| Batterbee Thomas J. | — | $1.37M | Aug 3, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 17, 2026 | Topalian Leon J Chair and CEO | Gift | 1,800 | $0 |
| Aug 14, 2026 | Topalian Leon J Chair and CEO | Option exercise | 26,000 | $1.10M |
| Aug 14, 2026 | Topalian Leon J Chair and CEO | Sale | 25,898 | $6.95M |
| Aug 14, 2026 | Topalian Leon J Chair and CEO | Sale | 102 | $27.5K |
| Aug 14, 2026 | Behr Allen C Executive Vice President | Sale | 2,612 | $716.8K |
| Aug 14, 2026 | Behr Allen C Executive Vice President | Option exercise | 7,739 | $857.0K |
| Aug 14, 2026 | Behr Allen C Executive Vice President | Sale | 5,127 | $1.40M |
| Aug 3, 2026 | Batterbee Thomas J. Executive Vice President | Sale | 4,000 | $1.04M |
| Jul 30, 2026 | Laxton Stephen D President and COO | Sale | 3,968 | $1.02M |
| Jul 30, 2026 | Laxton Stephen D President and COO | Gift | 2,409 | $0 |
| Jun 3, 2026 | Hollatz John J Executive Vice President | Sale | 5,522 | $1.43M |
| Jun 3, 2026 | Hollatz John J Executive Vice President | Sale | 5,038 | $1.30M |
| Jun 3, 2026 | Hollatz John J Executive Vice President | Option exercise | 5,522 | $721.8K |
| Jun 3, 2026 | Hollatz John J Executive Vice President | Option exercise | 5,038 | $670.2K |
| Jun 1, 2026 | Hanners Noah C Executive Vice President | Award | 2,875 | $0 |
| Jun 1, 2026 | Hanners Noah C Executive Vice President | Tax withheld | 989 | $247.3K |
| Jun 1, 2026 | Hanners Noah C Executive Vice President | Tax withheld | 2,401 | $600.3K |
| Jun 1, 2026 | Ford Bradley Executive Vice President | Award | 2,875 | $0 |
| Jun 1, 2026 | Pickett Benjamin M Executive Vice President | Tax withheld | 268 | $67.0K |
| Jun 1, 2026 | Ford Bradley Executive Vice President | Tax withheld | 989 | $247.3K |
| Jun 1, 2026 | Ford Bradley Executive Vice President | Tax withheld | 2,401 | $600.3K |
| Jun 1, 2026 | Ford Bradley Executive Vice President | Tax withheld | 599 | $149.8K |
| Jun 1, 2026 | Pickett Benjamin M Executive Vice President | Tax withheld | 429 | $107.3K |
| Jun 1, 2026 | Pickett Benjamin M Executive Vice President | Award | 1,636 | $0 |
| Jun 1, 2026 | Needham Daniel R. Executive Vice President | Tax withheld | 2,401 | $600.3K |
| Jun 1, 2026 | Hanners Noah C Executive Vice President | Tax withheld | 599 | $149.8K |
| Jun 1, 2026 | Behr Allen C Executive Vice President | Award | 2,875 | $0 |
| Jun 1, 2026 | Laxton Stephen D President and COO | Award | 3,528 | $0 |
| Jun 1, 2026 | Laxton Stephen D President and COO | Tax withheld | 2,401 | $600.3K |
| Jun 1, 2026 | Hollatz John J Executive Vice President | Tax withheld | 3,048 | $762.0K |
| Jun 1, 2026 | Behr Allen C Executive Vice President | Tax withheld | 989 | $247.3K |
| Jun 1, 2026 | Behr Allen C Executive Vice President | Tax withheld | 2,401 | $600.3K |
| Jun 1, 2026 | Behr Allen C Executive Vice President | Tax withheld | 3,048 | $762.0K |
| Jun 1, 2026 | Keller Michael D Vice Pres. and Corp. Contro | Tax withheld | 247 | $61.8K |
| Jun 1, 2026 | Keller Michael D Vice Pres. and Corp. Contro | Tax withheld | 268 | $67.0K |
| Jun 1, 2026 | Batterbee Thomas J. Executive Vice President | Award | 1,636 | $0 |
| Jun 1, 2026 | Keller Michael D Vice Pres. and Corp. Contro | Award | 717 | $0 |
| Jun 1, 2026 | Laxton Stephen D President and COO | Tax withheld | 3,048 | $762.0K |
| Jun 1, 2026 | Keller Michael D Vice Pres. and Corp. Contro | Tax withheld | 312 | $78.0K |
| Jun 1, 2026 | Laxton Stephen D President and COO | Tax withheld | 1,219 | $304.8K |
| Jun 1, 2026 | Hollatz John J Executive Vice President | Award | 2,875 | $0 |
| Jun 1, 2026 | Needham Daniel R. Executive Vice President | Tax withheld | 3,048 | $762.0K |
| Jun 1, 2026 | Hollatz John J Executive Vice President | Tax withheld | 989 | $247.3K |
| Jun 1, 2026 | Needham Daniel R. Executive Vice President | Tax withheld | 989 | $247.3K |
| Jun 1, 2026 | Needham Daniel R. Executive Vice President | Award | 2,875 | $0 |
| Jun 1, 2026 | Pickett Benjamin M Executive Vice President | Tax withheld | 202 | $50.5K |
| Jun 1, 2026 | Hollatz John J Executive Vice President | Tax withheld | 2,401 | $600.3K |
| Jun 1, 2026 | Batterbee Thomas J. Executive Vice President | Tax withheld | 340 | $85.0K |
| Jun 1, 2026 | Batterbee Thomas J. Executive Vice President | Tax withheld | 429 | $107.3K |
| Jun 1, 2026 | Batterbee Thomas J. Executive Vice President | Tax withheld | 268 | $67.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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