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Nucor Reports Results for the Second Quarter of 2026

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Nucor (NYSE: NUE) reported second quarter 2026 net earnings attributable to stockholders of $1.16 billion, or $5.04 diluted EPS, and adjusted net earnings of $1.11 billion, or $4.84 per diluted share. Net sales were $10.40 billion, up 9% sequentially and 23% year over year.

Earnings before noncontrolling interests were $1.28 billion and EBITDA was $2.02 billion. Steel mills led the earnings increase, benefiting from higher average selling prices, higher volumes, and a $130 million reduction to cost of products sold. Nucor recorded a non‑cash, pre‑tax benefit of $61 million from its investment in Helion.

At quarter end, Nucor held $2.69 billion in cash, cash equivalents and short‑term investments, with an undrawn $2.25 billion revolver maturing in 2030. The company returned $479 million to stockholders in Q2 2026 and expects higher consolidated earnings in the third quarter of 2026.

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Positive

  • Q2 2026 net earnings $1.16B; diluted EPS $5.04
  • Adjusted Q2 2026 net earnings $1.11B; adjusted diluted EPS $4.84
  • Net sales $10.40B, up 9% vs Q1 2026 and 23% vs Q2 2025
  • EBITDA $2.02B and earnings before noncontrolling interests $1.28B in Q2 2026
  • Capital returns $479M to stockholders in Q2 2026; 1.53M shares repurchased at $228.76 average price
  • Liquidity $2.69B cash and short-term investments plus undrawn $2.25B revolver due 2030; strongest sector credit ratings

Negative

  • Pre-operating & start-up costs $120M in Q2 2026, up 11% vs Q1 2026
  • Raw materials segment earnings expected to decrease in Q3 2026 due to lower margins
  • Current portion of long-term debt and finance leases increased to $581M at July 4, 2026 from $90M at Dec. 31, 2025

Market Context

Nucor's earnings-tagged history recorded an average 24-hour move of 1.68%. That record places the cu...
Analysis

Nucor's earnings-tagged history recorded an average 24-hour move of 1.68%. That record places the current results in a context of measurable but mixed historical reactions; recent insider activity was net selling, warranting attention.

Key Figures

Net earnings: $1.16 billion Diluted EPS: $5.04 Adjusted net earnings: $1.11 billion +5 more
8 metrics
Net earnings $1.16 billion Q2 2026 attributable to Nucor stockholders
Diluted EPS $5.04 Q2 2026
Adjusted net earnings $1.11 billion Q2 2026 excluding a $61 million non-cash pre-tax benefit
Adjusted diluted EPS $4.84 Q2 2026 excluding the Helion investment benefit
Net sales $10.40 billion Q2 2026
EBITDA $2.02 billion Q2 2026
Cash and investments $2.69 billion At the end of Q2 2026
Third-quarter earnings outlook Higher consolidated reported earnings Q3 2026 compared with Q2 2026

Previous Earnings Reports

5 past events · Latest: Apr 27 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Apr 27 Q1 earnings report Positive +4.7% Higher earnings, sales, buyback authorization, dividend, and positive Q2 earnings outlook
Jan 26 Q4 earnings report Negative -2.3% Lower expected Q1 earnings followed quarterly results and reported impairment losses
Oct 27 Q3 earnings report Positive +5.4% Higher earnings and sales accompanied by strong shipments and shareholder returns
Jul 28 Q2 earnings report Positive -2.7% Improved earnings and shipments contrasted with a lower subsequent quarterly earnings outlook
Jun 18 Q2 earnings guidance Positive +3.3% Projected higher earnings across operating segments and continued shareholder returns

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings-tagged announcements were aligned with the subsequent price reaction in four of five cases, including three positive reactions and one negative reaction.

Key Terms

ebitda, noncontrolling interests, non-gaap financial measures, revolving credit facility
4 terms
ebitda financial
"EBITDA of $2.02 billion"
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
View in glossary
noncontrolling interests financial
"Net earnings before noncontrolling interests of $1.28 billion"
The portion of a subsidiary’s equity and profits that belongs to outside owners rather than the parent company; when a parent reports consolidated results it includes the whole subsidiary but shows the noncontrolling slice separately. Think of a company’s subsidiary as a pie where the parent owns most slices but some are held by other investors — noncontrolling interests tell you how much of the pie and its future earnings don’t belong to the parent, which affects how much profit and net assets are truly attributable to the parent’s shareholders.
non-gaap financial measures financial
"The Company uses certain non-GAAP financial measures"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
revolving credit facility financial
"The Company's $2.25 billion revolving credit facility remains undrawn"
A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

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Second Quarter of 2026 Highlights

  • Net earnings attributable to Nucor stockholders of $1.16 billion, or $5.04 per diluted share
  • Adjusted net earnings attributable to Nucor stockholders of $1.11 billion, or $4.84 per diluted share
  • Net sales of $10.40 billion
  • Net earnings before noncontrolling interests of $1.28 billion; EBITDA of $2.02 billion

CHARLOTTE, N.C., July 27, 2026 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced consolidated net earnings attributable to Nucor stockholders of $1.16 billion, or $5.04 per diluted share, for the second quarter of 2026.  Excluding a non-cash, pre-tax benefit of $61 million, or $0.20 per diluted share, Nucor's second quarter of 2026 adjusted net earnings attributable to Nucor stockholders was $1.11 billion, or $4.84 per diluted share. By comparison, Nucor reported consolidated net earnings attributable to Nucor stockholders of $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.

Nucor Logo.

"Investment across key sectors of the U.S. economy, combined with supportive federal trade policies, drove a second consecutive quarterly record for Nucor steel mill shipments," said Leon Topalian, Nucor's Chair and Chief Executive Officer. "We continue to execute our growth strategy through investments to expand our capabilities and strengthen our position as the market leader with the most diverse portfolio of steel and fabricated steel products in North America. I want to thank our more than 33,000 Nucor teammates for keeping us on pace for the safest year in Nucor's history and their unwavering commitment to our customers and shareholders."

Earnings Before Income Taxes and Noncontrolling Interests by Segment (In millions)










Three Months (13 Weeks) Ended



Six Months (26 Weeks) Ended




July 4, 2026



April 4, 2026



July 5, 2025



July 4, 2026



July 5, 2025


Steel mills


$

1,556



$

1,128



$

843



$

2,684



$

1,074


Steel products



353




276




392




629




680


Raw materials



146




45




57




191




86


Corporate/eliminations



(430)




(353)




(393)




(783)




(656)




$

1,625



$

1,096



$

899



$

2,721



$

1,184


Analysis of Second Quarter of 2026 Results Compared to the First  Quarter of 2026
The increase in second quarter earnings was driven primarily by the increase in earnings in the steel mills segment, which experienced higher average selling prices and higher volumes. Additionally, the steel mills segment earnings included a reduction to cost of products sold in the amount of $130 million related to cash refunds associated with prior periods' raw materials procurement costs. The steel products segment had improved earnings due to increased volumes and stable average realized pricing. The raw materials segment had higher earnings in the second quarter primarily due to increased average selling prices and shipments.

Included in the second quarter of 2026 marketing, administrative and other expenses is a non-cash, pre-tax benefit of $61 million, or $0.20 per diluted share. This non-cash, pre-tax benefit is related to the increase in the value of our investment in Helion, a fusion energy company, after it completed a capital financing round in the second quarter of 2026.

Financial Strength
At the end of the second quarter of 2026, Nucor had $2.69 billion in cash and cash equivalents and short-term investments on hand. The Company's $2.25 billion revolving credit facility remains undrawn and does not expire until March 2030. The Company continues to have the strongest credit ratings in the North American steel sector (A-/A-/A3) with stable outlooks at Standard & Poor's, Fitch Ratings and Moody's, respectively.

Commitment to Returning Capital to Stockholders
During the second quarter of 2026, Nucor repurchased approximately 1.53 million shares of its common stock at an average price of $228.76 per share. Nucor returned approximately $479 million to stockholders in the second quarter of 2026 in the form of share repurchases and dividend payments, and approximately $733 million in the first six months of 2026.

On June 9, 2026, Nucor's Board of Directors declared a cash dividend of $0.56 per share. This cash dividend is payable on August 11, 2026, to stockholders of record as of June 30, 2026 and is Nucor's 213th consecutive quarterly cash dividend.

Third Quarter of 2026 Outlook Compared to the Second Quarter of 2026
We expect higher consolidated reported earnings in the third quarter of 2026. In the steel mills segment we expect an increase in earnings due to higher realized pricing across all major product categories with stable volumes. In the steel products segment, we expect increased earnings due to both higher volumes and higher realized pricing.  The raw materials segment is expected to have decreased earnings due to lower margins.

Earnings Conference Call
An earnings call is scheduled for July 28, 2026 at 10:00 a.m. Eastern Time to review Nucor's second quarter of 2026 financial results and provide a business update. The call can be accessed via webcast from the Investor Relations section of Nucor's website (nucor.com/investors). A presentation with supplemental information to accompany the call has been posted to Nucor's Investor Relations website. A playback of the webcast will be posted to the same site within one day of the live event.

About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.

Non-GAAP Financial Measures
The Company uses certain non-GAAP (Generally Accepted Accounting Principles) financial measures in this news release, including EBITDA, adjusted net earnings attributable to Nucor stockholders and adjusted net earnings per diluted share. Generally, a non-GAAP financial measure is a numerical measure of a company's performance or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable financial measure calculated and presented in accordance with GAAP.

We define EBITDA as net earnings before noncontrolling interests, adding back the following items: interest expense (income), net; provision for income taxes; losses and impairments of assets; depreciation; and amortization. For the second quarter of 2026, we define adjusted net earnings attributable to Nucor stockholders as net earnings attributable to Nucor stockholders subtracting certain non-cash benefits (in this case, the increase in the value of our investment in Helion), net of tax. We define adjusted net earnings per diluted share as net earnings per diluted share subtracting certain non-cash benefits (in this case, the per diluted share impact of the increase in the value of our investment in Helion), net of tax. Please note that other companies might define their non-GAAP financial measures differently than we do.

Management presents the non-GAAP financial measures of EBITDA, adjusted net earnings attributable to Nucor stockholders and adjusted net earnings per diluted share in this news release because it considers them to be important supplemental measures of performance. Management believes that these non-GAAP financial measures provide additional insight for analysts and investors evaluating the Company's financial and operational performance by providing a consistent basis of comparison across periods.

Forward-Looking Statements
Certain statements contained in this news release are "forward-looking statements" that involve risks and uncertainties which we expect will or may occur in the future and may impact our business, financial condition and results of operations. The words "anticipate," "believe," "expect," "intend," "project," "may," "will," "should," "could" and similar expressions are intended to identify those forward-looking statements. These forward-looking statements reflect the Company's best judgment based on current information, and, although we base these statements on circumstances that we believe to be reasonable when made, there can be no assurance that future events will not affect the accuracy of such forward-looking information. As such, the forward-looking statements are not guarantees of future performance, and actual results may vary materially from the projected results and expectations discussed in this news release. Factors that might cause the Company's actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including pressure from imports and substitute materials; (2) U.S. and foreign trade policies affecting steel imports or exports; (3) the sensitivity of the results of our operations to general market conditions, and in particular, prevailing market steel prices and changes in the supply and cost of raw materials, including pig iron, iron ore and scrap steel; (4) the availability and cost of electricity and natural gas, which could negatively affect our cost of steel production or result in a delay or cancellation of existing or future drilling within our natural gas drilling programs; (5) critical equipment failures and business interruptions; (6) market demand for steel products, which, in the case of many of our products, is driven by the level of nonresidential construction activity in the United States; (7) impairment in the recorded value of inventory, equity investments, fixed assets, goodwill or other long-lived assets; (8) uncertainties and volatility surrounding the global economy, including excess world capacity for steel production, inflation and interest rate changes; (9) fluctuations in currency conversion rates; (10) significant changes in laws or government regulations affecting environmental compliance, including legislation and regulations that result in greater regulation of greenhouse gas emissions that could increase our energy costs, capital expenditures and operating costs or cause one or more of our permits to be revoked or make it more difficult to obtain permit modifications; (11) the cyclical nature of the steel industry; (12) capital investments and their impact on our performance; (13) our safety performance; (14) our ability to integrate businesses we acquire; and (15) the impact of any pandemic or public health situation. These and other factors are discussed in Nucor's regulatory filings with the United States Securities and Exchange Commission, including those in "Item 1A. Risk Factors" of Nucor's Annual Report on Form 10-K for the year ended December 31, 2025. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them, except as may be required by applicable law.

Consolidated Financial Statements

Nucor Corporation Condensed Consolidated Statements of Earnings (Unaudited)


(In millions, except per share amounts)




















Three Months (13 Weeks) Ended



Six Months (26 Weeks) Ended




July 4, 2026



April 4, 2026



July 5, 2025



July 4, 2026



July 5, 2025


Net sales


$

10,397



$

9,496



$

8,456



$

19,893



$

16,286


Costs, expenses and other:
















Cost of products sold



8,363




7,995




7,233




16,358




14,458


Marketing, administrative and other expenses



405




378




304




783




585


Equity in earnings of unconsolidated affiliates



(8)




(7)




(10)




(15)




(14)


Losses and impairments of assets



-




15




11




15




40


Interest expense (income), net



12




19




19




31




33





8,772




8,400




7,557




17,172




15,102


Earnings before income taxes and noncontrolling
interests



1,625




1,096




899




2,721




1,184


Provision for income taxes



345




226




193




571




252


Net earnings before noncontrolling interests



1,280




870




706




2,150




932


Earnings attributable to noncontrolling interests



124




127




103




251




173


Net earnings attributable to Nucor stockholders


$

1,156



$

743



$

603



$

1,899



$

759


Net earnings per share:
















Basic


$

5.05



$

3.23



$

2.60



$

8.28



$

3.26


Diluted


$

5.04



$

3.23



$

2.60



$

8.27



$

3.26


Average shares outstanding:
















Basic



228.2




228.9




230.6




228.6




231.7


Diluted



228.5




229.3




230.8




228.9




231.9


















Nucor Corporation Condensed Consolidated Balance Sheets (Unaudited)


(In millions)











July 4, 2026



Dec. 31, 2025


ASSETS







Current assets:







Cash and cash equivalents


$

2,478



$

2,260


Short-term investments



214




439


Accounts receivable, net



4,045




3,105


Inventories, net



6,020




5,462


Other current assets



399




499


Total current assets



13,156




11,765


Property, plant and equipment, net



15,863




15,306


Goodwill



4,289




4,297


Other intangible assets, net



2,754




2,880


Other assets



892




856


Total assets


$

36,954



$

35,104


LIABILITIES







Current liabilities:







Short-term debt


$

129



$

122


Current portion of long-term debt and finance lease obligations



581




90


Accounts payable



2,357




1,890


Salaries, wages and related accruals



1,002




882


Accrued expenses and other current liabilities



1,177




1,020


Total current liabilities



5,246




4,004


Long-term debt and finance lease obligations due after one year



6,389




6,909


Deferred credits and other liabilities



2,053




2,067


Total liabilities



13,688




12,980


Commitments and contingencies







EQUITY







Nucor stockholders' equity:







Common stock



152




152


Additional paid-in capital



2,207




2,253


Retained earnings



33,146




31,504


Accumulated other comprehensive loss,
   net of income taxes



(214)




(194)


Treasury stock



(13,182)




(12,779)


Total Nucor stockholders' equity



22,109




20,936


Noncontrolling interests



1,157




1,188


Total equity



23,266




22,124


Total liabilities and equity


$

36,954



$

35,104









Nucor Corporation Condensed Consolidated Statements of Cash Flows (Unaudited)


(In millions)




Six Months (26 Weeks) Ended




July 4, 2026



July 5, 2025


Operating activities:







Net earnings before noncontrolling interests


$

2,150



$

932


Adjustments:







Depreciation



641




606


Amortization



126




128


Impairment of assets



15




20


Stock-based compensation



91




78


Deferred income taxes



(61)




(17)


Distributions from affiliates



7




6


Equity in earnings of unconsolidated affiliates



(15)




(14)


Changes in assets and liabilities (exclusive of acquisitions and dispositions):







Accounts receivable



(952)




(706)


Inventories



(560)




(352)


Accounts payable



454




375


Federal income taxes



110




135


Salaries, wages and related accruals



130




(135)


Other operating activities



150




40


Cash provided by operating activities



2,286




1,096


Investing activities:







Capital expenditures



(1,232)




(1,813)


Investment in and advances to affiliates



(2)




(1)


Disposition of plant and equipment



21




39


Acquisitions (net of cash acquired)



-




(1)


Purchases of investments



(157)




(666)


Proceeds from the sale of investments



382




717


Divestiture of affiliate



3




-


Other investing activities



29




2


Cash used in investing activities



(956)




(1,723)


Financing activities:







Net change in short-term debt



6




(68)


Repayment of long-term debt



(37)




(1,007)


Proceeds from issuance of long-term debt, net of discount



15




997


Bond issuance costs



-




(9)


Proceeds from exercise of stock options



14




-


Payment of tax withholdings on certain stock-based compensation



(77)




(31)


Distributions to noncontrolling interests



(282)




(214)


Cash dividends



(258)




(258)


Acquisition of treasury stock



(475)




(500)


Proceeds from government incentives



-




77


Other financing activities



(10)




17


Cash used in financing activities



(1,104)




(996)


Effect of exchange rate changes on cash



(8)




11


Increase (decrease) in cash and cash equivalents



218




(1,612)


Cash and cash equivalents - beginning of year



2,260




3,558


Cash and cash equivalents - end of six months


$

2,478



$

1,946


Non-cash investing activity:







Change in accrued plant and equipment purchases


$

15



$

(27)


Select Financial and Operational Data

(Dollars in millions, tons in thousands, per unit amounts as noted)




















Three Months (13 Weeks) Ended



Six Months (26 Weeks) Ended




July 4,
2026



April 4,
2026



% Change



July 5, 2025



Year Ago %
Change



July 4,
2026



July 5,
2025



% Change


Consolidated Financial & Operational Data

























Net Sales


$

10,397



$

9,496




9

%


$

8,456




23

%


$

19,893



$

16,286




22

%

External Average Sales Price per Ton


$

1,367



$

1,279




7

%


$

1,240




10

%


$

1,323



$

1,193




11

%

Sales Tons to External Customers



7,605




7,427




2

%



6,820




12

%



15,032




13,650




10

%

Pre-Operating & Start-Up Costs


$

120



$

108




11

%


$

136




-12

%


$

228



$

306




-25

%

Pre-Operating & Start-Up Costs per Diluted
Share


$

0.40



$

0.36






$

0.45






$

0.76



$

1.00





Number of Days in Period



91




94







91







185




186





Steel Mills Segment Data

























Total Shipments



7,100




7,046




1

%



6,474




10

%



14,146




12,937




9

%

Sales Tons to External Customers



5,659




5,619




1

%



5,044




12

%



11,278




10,270




10

%

Percentage of Sales to Internal Customers



20

%



20

%






22

%






20

%



21

%




External Average Sales Price per Ton


$

1,145



$

1,074




7

%


$

1,041




10

%


$

1,110



$

989




12

%

Average Scrap/Scrap Substitute Cost per Gross
Ton


$

422



$

404




4

%


$

403




5

%


$

413



$

398




4

%

Utilization



91

%



86

%






85

%






88

%



82

%




Steel Products Segment Data

























Sales Tons to External Customers



1,285




1,159




11

%



1,141




13

%



2,444




2,189




12

%

Average Sales Price per Ton


$

2,415



$

2,405




0

%


$

2,331




4

%


$

2,410



$

2,313




4

%



Tonnage Data (in thousands)


Three Months (13 Weeks) Ended



Six Months (26 Weeks) Ended




July 4, 2026



April 4, 2026



%
Change



July 5, 2025



Year Ago
% Change



July 4, 2026



July 5, 2025



%
Change


Steel mills total shipments:

























Sheet



3,291




3,394




-3

%



3,057




8

%



6,685




6,038




11

%

Bars



2,387




2,308




3

%



2,148




11

%



4,695




4,438




6

%

Structural



628




649




-3

%



635




-1

%



1,277




1,212




5

%

Plate



757




647




17

%



606




25

%



1,404




1,183




19

%

Other



37




48




-23

%



28




32

%



85




66




29

%




7,100




7,046




1

%



6,474




10

%



14,146




12,937




9

%


























Sales tons to outside customers:

























Steel mills



5,659




5,619




1

%



5,044




12

%



11,278




10,270




10

%

Joist and deck



198




185




7

%



217




-9

%



383




399




-4

%

Rebar fabrication products



344




291




18

%



306




12

%



635




553




15

%

Tubular products



338




318




6

%



243




39

%



656




513




28

%

Building Systems



59




55




7

%



64




-8

%



114




112




2

%

Other steel products



346




310




12

%



311




11

%



656




612




7

%

Raw materials



661




649




2

%



635




4

%



1,310




1,191




10

%




7,605




7,427




2

%



6,820




12

%



15,032




13,650




10

%

Non-GAAP Financial Measures


Reconciliation of EBITDA (Unaudited)


(In millions)




















Three Months (13 Weeks) Ended



Six Months (26 Weeks) Ended




July 4, 2026



April 4, 2026



July 5, 2025



July 4, 2026



July 5, 2025


Net earnings before noncontrolling
interests


$

1,280



$

870



$

706



$

2,150



$

932


Depreciation



320




321




303




641




606


Amortization



63




63




63




126




128


Losses and impairments of assets



-




15




11




15




40


Interest expense (income), net



12




19




19




31




33


Provision for income taxes



345




226




193




571




252


EBITDA


$

2,020



$

1,514



$

1,295



$

3,534



$

1,991




Reconciliation of Adjusted Net Earnings Attributable to Nucor Stockholders (Unaudited)


(In millions, except per share data)











Three Months (13 Weeks) Ended




July 4, 2026







Diluted EPS


Net earnings attributable to Nucor stockholders


$

1,156



$

5.04


Subtract non-cash benefit, net of tax



46




0.20


Adjusted net earnings attributable to Nucor stockholders


$

1,110



$

4.84


 

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SOURCE Nucor Corporation

FAQ

How did Nucor (NUE) perform in Q2 2026 in terms of earnings and EPS?

Nucor reported Q2 2026 net earnings attributable to stockholders of $1.16 billion, or $5.04 per diluted share. According to Nucor, adjusted net earnings were $1.11 billion, or $4.84 per diluted share, reflecting exclusion of a non-cash Helion investment benefit.

What were Nucor (NUE) Q2 2026 revenues and how did they change year over year?

Nucor generated $10.40 billion in net sales in Q2 2026, up 23% year over year. According to Nucor, net sales also increased 9% sequentially, driven by higher external average sales price per ton and higher sales tons to external customers.

What capital was returned to Nucor (NUE) shareholders in the second quarter of 2026?

Nucor returned approximately $479 million to stockholders in Q2 2026 through share repurchases and dividends. According to Nucor, it repurchased about 1.53 million shares at an average price of $228.76 and paid a $0.56 per share quarterly dividend.

What is Nucor (NUE) saying about its earnings outlook for Q3 2026?

Nucor expects higher consolidated reported earnings in the third quarter of 2026 compared with Q2 2026. According to Nucor, steel mills and steel products segments are expected to post increased earnings, while the raw materials segment is expected to have decreased earnings due to lower margins.

How strong is Nucor (NUE) balance sheet and liquidity after Q2 2026?

Nucor ended Q2 2026 with $2.69 billion in cash, cash equivalents and short-term investments. According to Nucor, it also has an undrawn $2.25 billion revolving credit facility maturing in March 2030 and holds A-/A-/A3 credit ratings with stable outlooks.

What non-GAAP financial measures did Nucor (NUE) highlight for Q2 2026?

Nucor highlighted EBITDA, adjusted net earnings, and adjusted diluted EPS as key non-GAAP measures. According to Nucor, Q2 2026 EBITDA was $2.02 billion, and adjusted diluted EPS of $4.84 excludes the non-cash benefit from the revaluation of its Helion investment.

Did Nucor (NUE) increase steel shipments and prices in Q2 2026?

Yes, Nucor reported higher steel mill segment earnings driven by increased selling prices and volumes in Q2 2026. According to Nucor, external average sales price per ton and sales tons to external customers both rose compared with Q1 2026 and Q2 2025.