The strong beat and optimistic outlook support further upside; watch for Q2 guidance details on the April 28 earnings call to gauge sustainability of demand and pricing momentum. The new $4B buyback provides downside support.
Price Chart
Executive Summary
Nucor reported Q1 2026 EPS of $3.23, beating consensus of $2.82 by 14.5%, and revenue of $9.50B, beating $8.86B by 7.2%. Results were driven by record steel mill shipments, higher pricing, and strong demand across end markets; management expects higher earnings again in Q2 2026.
Key Financial Metrics
Key Facts
- GAAP EPS $3.23 vs consensus $2.82 (beat by $0.41)
- Revenue $9.496B vs consensus $8.86B (beat by $636M)
- Net sales up 21% YoY and 24% sequentially
- Steel mills segment earnings before taxes $1.128B, more than double Q4 2025's $516M
- New $4.0B share repurchase program approved on Feb 20, 2026
- Operating cash flow of $886M and free cash flow of $225M in Q1
- Management expects higher consolidated earnings in Q2 2026 across all segments
Financial Impact
EPS $0.41 above consensus; revenue $636M above consensus
Risk Factors
- Cyclical steel demand and potential for import competition
- Rising scrap costs narrowing margins
- Macroeconomic slowdown impacting construction and industrial activity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-182332 |
| Document: d150975dex992.htm | 0001193125-26-182332 |
| Document: d150975d8k.htm | 0001193125-26-182332 |
| Document: 0001193125-26-182332-index-headers.html | 0001193125-26-182332 |
| Document: 0001193125-26-182332-index.html | 0001193125-26-182332 |
| Document: 0001193125-26-182332.txt | 0001193125-26-182332 |
| 8-K Data (Synthetic) | 0001193125-26-182332 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 6w ago | S-3ASR | $243.63 $242.40 | ▼ −0.50% | ▲ +0.02% | $241.40 (−0.91%) |
Aug 19, 2026 6w ago | Insider Cluster | $248.74 $265.14 | ▲ +6.59% | ▲ +8.54% | $241.40 (−2.95%) |
Aug 5, 2026 8w ago | Insider Cluster | $274.74 $263.97 | ▼ −3.92% | ▼ −3.32% | $241.40 (−12.13%) |
Jun 4, 2026 17w ago | Insider Cluster | $262.28 $220.75 | ▼ −15.83% | ▼ −14.46% | $241.40 (−7.96%) |
May 20, 2026 19w ago | Insider Cluster | $225.67 $243.83 | ▲ +8.05% | ▲ +7.31% | $241.40 (+6.97%) |
Apr 30, 2026 22w ago | Insider Cluster | $225.29 $249.30 | ▲ +10.66% | ▲ +5.69% | $241.40 (+7.15%) |
Apr 30, 2026 22w ago | Insider Cluster | $225.29 $249.30 | ▲ +10.66% | ▲ +5.69% | $241.40 (+7.15%) |
Apr 30, 2026 22w ago | Insider Cluster | $225.29 $249.30 | ▲ +10.66% | ▲ +5.69% | $241.40 (+7.15%) |
Apr 27, 2026 22w ago | 8-K | $225.11 $240.29 | ▲ +6.74% | ▲ +1.28% | $241.40 (+7.24%) |
US Market Status
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