8-K ·Filed Apr 21, 2026
8-K Item 2.02: Earnings release
Actionable Insight ▼ Bearish
Monitor aluminum segment profitability in Q2 as management expects sharp improvement; despite strong steel fundamentals, the persistent drag from aluminum startups limits near-term EPS upside.
Final — all horizons settled through T+60d
STLD ▲ +6.71% at T+60d
SHORT call ✗ call lost -6.71% · α vs SPY +0.19% · entry $220.21 → $234.98
T+1d
+3.29%
call -3.29% · α -2.27%
$227.46
settled 5mo ago
T+5d
+3.07%
call -3.07% · α -1.98%
$226.96
settled 5mo ago
T+20d
+3.80%
call -3.80% · α +1.11%
$228.58
settled 5mo ago
T+60d
+6.71%
call -6.71% · α +0.19%
$234.98
settled 3mo ago
Price Chart
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Executive Summary
Steel Dynamics reported Q1 2026 earnings of $2.78 per share on $5.2 billion in revenue, missing consensus EPS estimates of $3.76. The miss was driven by a $17 million loss increase in its aluminum startup operations despite record steel shipments and improved pricing.
Key Financial Metrics
EPS
$2.78
est $3.76 · -26.1%
Revenue
$5.2B
est $5.5B · -5.5% · +19.1% YoY
Rating
miss
Gross Margin
14.664476621575977%
Key Facts
- Q1 2026 EPS of $2.78 missed consensus of $3.76 by 26%
- Record steel shipments of 3.6 million tons and average selling price of $1,193/ton drove revenue to $5.2B
- Aluminum operations loss widened to $65M from $47M due to startup issues and inventory write-offs
- Operating income rose 73% QoQ to $538M on improved steel margins
- Company maintained $148M in operating cash flow after $120M profit-sharing distribution
Financial Impact
EPS miss of $0.98 on $300M revenue shortfall vs consensus
epsrevenueoperating_incomecash_flow
Risk Factors
- Aluminum segment losses increased despite higher shipments
- Startup issues in January led to temporary shutdown and inventory write-offs
Market Snapshot
Exchange
Nasdaq
Sector
Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Investment Themes
Materials & Mining
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-045938 |
| Document: tm2612296d1_8k.htm | 0001104659-26-045938 |
| Document: 0001104659-26-045938-index-headers.html | 0001104659-26-045938 |
| Document: 0001104659-26-045938-index.html | 0001104659-26-045938 |
| Document: 0001104659-26-045938.txt | 0001104659-26-045938 |
| 8-K Data (Synthetic) | 0001104659-26-045938 |
8 reports for STLD
100% Hit rate best @ T+5▲ +7.17%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 7w ago | 8-K | $255.77 $234.53 | ▼ −8.30% | ▼ −6.31% | $231.99 (−9.30%) |
Aug 4, 2026 8w ago | 8-K | $265.10 $234.09 | ▼ −11.70% | ▼ −10.46% | $231.99 (−12.49%) |
Jul 21, 2026 10w ago | 8-K | $233.52 $249.81 | ▲ +6.98% | ▲ +4.41% | $231.99 (−0.66%) |
Jun 18, 2026 15w ago | 8-K | $249.91 $234.98 | ▼ −5.97% | ▼ −6.51% | $231.99 (−7.17%) |
May 15, 2026 20w ago | Insider Cluster | $229.34 $272.19 | ▲ +18.68% | ▲ +16.57% | $231.99 (+1.16%) |
May 8, 2026 21w ago | 8-K | $235.10 $268.50 | ▲ +14.21% | ▲ +14.18% | $231.99 (−1.32%) |
Apr 23, 2026 23w ago | Insider Cluster | $225.05 $228.30 | ▼ −1.44% | ▲ +3.19% | $231.99 (−3.08%) |
Apr 21, 2026 23w ago | 8-K | $220.21 $228.58 | ▼ −3.80% | ▲ +1.11% | $231.99 (−5.35%) |
Showing 8 of 8
US Market Status
Market Closed — Opens Mon (65h 28m)
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