Analysts see $2.0B Q2 EBITDA for ArcelorMittal (NYSE: MT) in 2026
Rhea-AI Filing Summary
ArcelorMittal reports that it has published sell-side analyst consensus estimates for the second quarter of 2026, compiled independently by Visible Alpha from 13 participating brokers. The consensus points to EBITDA of $2,037 million, net income of $802 million and earnings per share of $1.06. The company states it neither collects nor compiles these estimates and does not accept responsibility for their accuracy or for any individual forecast.
The estimates are described as an external view and may include forward-looking statements, with outcomes subject to risks outlined in ArcelorMittal’s periodic reports. As context, ArcelorMittal generated $61.4 billion of revenue in 2025, producing 55.6 million metric tonnes of crude steel and 48.8 million tonnes of iron ore across operations in 60 countries.
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Key Figures
Q2 2026 EBITDA consensus: $2,037 million
Q2 2026 net income consensus: $802 million
Q2 2026 EPS consensus: $1.06
+4 more
7 metrics
Q2 2026 EBITDA consensus
$2,037 million
Sell-side analyst consensus for 2Q’26
Q2 2026 net income consensus
$802 million
Sell-side analyst consensus for 2Q’26
Q2 2026 EPS consensus
$1.06
Sell-side analyst consensus for 2Q’26 earnings per share
2025 revenue
$61.4 billion
Full-year 2025 revenue
2025 crude steel production
55.6 million metric tonnes
Crude steel output in 2025
2025 iron ore production
48.8 million tonnes
Iron ore output in 2025
Participating brokers
13 brokers
Sell-side analysts with updated Q2 2026 estimates in Visible Alpha
Key Terms
sell-side analyst consensus, EBITDA, forward-looking statements, integrated steel and mining
4 terms
sell-side analyst consensus financial
"announces the publication of its second quarter 2026 sell-side analyst consensus figures"
The sell-side analyst consensus is the average view formed from forecasts, ratings and price targets published by professional analysts at brokerage firms who cover a particular company; it combines multiple analysts’ estimates into a single summary. Investors watch this consensus because it signals collective expectations about a company’s future performance and often influences trading and valuation — similar to how a shared weather forecast helps people plan by showing the most likely outcome.
EBITDA financial
"2Q’26 ● EBITDA ($m) | $2,037"
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.
forward-looking statements regulatory
"may contain forward-looking statements based on current assumptions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
integrated steel and mining financial
"one of the world’s leading integrated steel and mining companies"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is the Q2 2026 EBITDA consensus for ArcelorMittal (MT)?
Analysts expect ArcelorMittal to generate $2,037 million in EBITDA for Q2 2026. This figure is an external sell-side consensus compiled by Visible Alpha and is not prepared or verified by ArcelorMittal itself.
What net income and EPS do analysts forecast for ArcelorMittal (MT) in Q2 2026?
The consensus forecasts $802 million in net income and $1.06 in earnings per share for ArcelorMittal in Q2 2026. These are sell-side analyst estimates aggregated by Visible Alpha and not company guidance.
How many brokers contributed to ArcelorMittal (MT) Q2 2026 consensus estimates?
Sell-side analyst participation for ArcelorMittal’s Q2 2026 consensus includes 13 brokers, from a group of approximately 15 firms that follow the company. Only brokers with updated estimates in Visible Alpha are included in the consensus.
Does ArcelorMittal (MT) endorse the Q2 2026 consensus estimates it published?
ArcelorMittal explicitly states it does not prepare, check or endorse the consensus estimates. The figures represent external analysts’ views, and the company does not accept responsibility for the quality or accuracy of any individual forecast.
What were ArcelorMittal (MT) revenues and production in 2025?
In 2025, ArcelorMittal generated $61.4 billion of revenue, produced 55.6 million metric tonnes of crude steel and 48.8 million tonnes of iron ore. These figures illustrate the company’s scale as a leading integrated steel and mining group.
What caution does ArcelorMittal (MT) give about consensus and forward-looking statements?
ArcelorMittal notes the consensus is based on third-party estimates and may include forward-looking statements. It highlights that actual results can differ materially due to various risks described in its periodic reports available on its corporate website.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
—————————
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
—————————
Dated July 24, 2026
Commission File Number: 001-35788
ARCELORMITTAL
(Translation of registrant’s name into English)
24-26, Boulevard d’Avranches
L-1160 Luxembourg
Grand Duchy of Luxembourg
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☑ Form 40-F ☐
On July 24, 2026, ArcelorMittal published the press release attached hereto as Exhibit 99.1 and hereby incorporated by reference into this report on Form 6-K.
Exhibit Index
| Exhibit No. | Description | ||||
Exhibit 99.1 | ArcelorMittal announces the publication of its second quarter 2026 sell-side analyst consensus figures | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
ARCELORMITTAL
Date 24 July 2026
By: /s/ Henk Scheffer
Name: Henk Scheffer
Title: Company Secretary & Group Compliance & Data Protection Officer
Exhibit 99.1
press release
ArcelorMittal announces the publication of its second quarter 2026 sell-side analyst consensus figures
July 24, 2026, 14.00 CET
ArcelorMittal (‘the Company’) today announces the publication of its second quarter 2026 sell-side analyst consensus figures.
The consensus figures are based on analysts’ estimates recorded on an external web-based tool provided and managed by an independent company, Visible Alpha.
To arrive at the consensus figures below, Visible Alpha has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group of approximately 15 brokers. The listed sell-side analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views. ArcelorMittal is neither involved in the collection of the information nor in the compilation of the estimates.
2Q’26 consensus estimates:
2Q’26 | |||||
● EBITDA ($m) | $2,037 | ||||
● Net income ($m) | $802 | ||||
● Earnings per share ($) | $1.06 | ||||
Equity analyst contributing to consensus:
Sell-side analyst participation stands at 13 brokers (i.e., those with updated estimates in Visible Alpha). The sell-side analysts who cover ArcelorMittal and whose estimates are included in the 2Q’26 consensus outlined above are the following:
1.Bank of America – Reinhardt Van Der Walt
2.CITI – Ephrem Ravi, Krishan Agarwal
3.Deutsche Bank – Bastian Synagowitz
4.Goldman Sachs – Matt Greene
5.Groupo Santander – Robert Jackson
6.ING – Stijn Demeester
7.Jefferies – Cole Hathorn
8.Kepler – Boris Bourdet
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9.Keybanc – Samuel Mckinney
10.Morgan Stanley – Alain Gabriel
11.Oddo – Maxime Kogge
12.UBS – Andrew Jones
13.Wells Fargo – Timna Tanners
Disclaimer
Estimates based on Visible Alpha consensus dated 23.7.26. The disclaimer is:
The information provided by Visible Alpha cited herein is provided “as is” and “as available” without warranty of any kind. Use of any Visible Alpha data is at a user’s own risk and Visible Alpha disclaims any liability for use of the Visible Alpha data. Although the information is obtained or compiled from reliable sources Visible Alpha neither can nor does guarantee or make any representation or warranty, either express or implied, as to the accuracy, validity, sequence, timeliness, completeness or continued availability of any information or data, including third-party content, made available herein. In no event shall Visible Alpha be liable for any decision made or action or inaction taken in reliance on any information or data, including third-party content. Visible Alpha further explicitly disclaims, to the fullest extent permitted by applicable law, any warranty of any kind, whether express or implied, including warranties of merchantability, fitness for a particular purpose and non-infringement.
The consensus estimate is based on estimates, forecasts and predictions made by third party financial analysts, as described above. It is not prepared based on information provided or checked by ArcelorMittal and can only be seen as a consensus view on ArcelorMittal's results from an outside perspective. ArcelorMittal has not provided input on these forecasts, except by referring to past publicly disclosed information. ArcelorMittal does not accept any responsibility for the quality or accuracy of any individual forecast or estimate. This web page may contain forward-looking statements based on current assumptions and forecasts made by ArcelorMittal or third parties. Various known and unknown risks, uncertainties and other factors could lead to material differences between ArcelorMittal's actual future results, financial situation, development or performance, and the estimates given here. These factors include those discussed in ArcelorMittal's periodic reports available on http://corporate.arcelormittal.com/.
About ArcelorMittal
ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 14 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2025 generated revenues of $61.4 billion, produced 55.6 million metric tonnes of crude steel and 48.8 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 14 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2025 generated revenues of $61.4 billion, produced 55.6 million metric tonnes of crude steel and 48.8 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
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http://corporate.arcelormittal.com/
ArcelorMittal Investor Relations contact information | |||||
General | +44 20 7543 1128 | ||||
Retail | +44 20 3214 2893 | ||||
Bonds/Credit | +33 157 955 035 | ||||
ArcelorMittal Corporate Communications contact information | |||||
Paul Weigh | |||||
Tel: | +44 20 3214 2419 | ||||
E-mail | press@arcelormittal.com | ||||
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