Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Nucor Corporation delivered a strong Q2 2026 with revenue surging 21.3% YoY to $9.50B and net income jumping 376.3% to $743M, driven by significantly improved profitability and operating cash flow generation.
Revenue
$9.5B
+21.28% YoY
EPS (Diluted)
$3.23
+382.09% YoY
Source: SEC XBRL
Nucor (NUE) reported Q1 FY2026 revenue of $9.5B, up 21.3% year over year. Operating cash flow was $886M, up 143.4% year over year. NUE's fiscal Q1 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 4.84 | 4.42 | Beat +9.4% |
| Mar 2026This filing | 3.23 | 2.84 | Beat +13.5% |
| Dec 2025 | 1.73 | 1.93 | Miss -10.3% |
| Sep 2025 | 2.63 | 2.21 | Beat +19.1% |
Reported EPS of $3.23 versus the $2.84 analyst consensus — a +13.5% beat for Mar 2026.
Compiled by AI from this SEC filing
Revenue grew 21.3% YoY to $9.50B in Q2 2026 from $7.83B in the prior year period, reflecting stronger steel demand and improved pricing environment across Nucor's product segments.
Source: 10-Q Financial Data, Income Statement
Net income surged 376.3% YoY to $743M, with EPS (basic and diluted) rising from $0.67 to $3.23, indicating a sharp recovery in steel margins after a period of compressed profitability.
Source: 10-Q Financial Data, Income Statement
Cost of revenue rose 10.7% YoY to $7.995B, a significantly slower pace than the 21.3% revenue growth, resulting in meaningful gross profit expansion and margin improvement for the quarter.
Source: 10-Q Financial Data, Income Statement
Operating cash flow increased 143.4% YoY to $886M from $364M, reflecting the improved earnings quality and working capital dynamics, while investing outflows declined sharply to -$446M from -$1.18B.
Source: 10-Q Financial Data, Cash Flow Statement
SG&A expenses rose 34.5% YoY to $378M, growing faster than revenue, which could signal rising overhead costs or increased investment in sales and administrative functions that management should address going forward.
Source: 10-Q Financial Data, Income Statement
Compiled by AI from this SEC filing · 2 high, 2 medium, 1 low
Nucor's revenues and margins are highly sensitive to fluctuations in steel prices, which are influenced by global supply-demand dynamics, trade policy, and raw material costs. The dramatic swing in net income from $156M to $743M YoY illustrates how quickly profitability can change with pricing cycles. A reversal in steel prices could significantly compress margins.
Source: 10-Q Financial Data, Income Statement
Cost of revenue at $7.995B represents approximately 84.2% of total revenue, leaving limited buffer against raw material cost increases such as scrap metal and energy. While cost growth (10.7%) lagged revenue growth this quarter, any reversal could rapidly erode the current margin recovery.
Source: 10-Q Financial Data, Income Statement
Cash and equivalents fell 29.5% YoY to $2.226B from $3.156B, reflecting capital deployment and financing activities. While the current ratio remains healthy at 2.90, continued cash drawdown could limit financial flexibility for acquisitions or capital expenditures.
Source: 10-Q Financial Data, Balance Sheet & Cash Flow
SG&A expenses grew 34.5% YoY to $378M, significantly outpacing revenue growth of 21.3%. If this trend continues, it could weigh on operating leverage and reduce the benefit of revenue growth on bottom-line profitability.
Source: 10-Q Financial Data, Income Statement
Share repurchases declined 58.3% YoY to $125M from $300M, which may indicate management's more cautious capital allocation stance or reduced free cash flow availability for shareholder returns. This could disappoint investors expecting consistent buyback programs.
Source: 10-Q Financial Data, Cash Flow Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 9.50 $B | 7.83 $B | +21.28% |
Cost of Revenue $B | 8.00 $B | 7.23 $B | +10.66% |
Net Income $M | 743.00 $M | 156.00 $M | +376.28% |
EPS (Basic) $ | 3.23 $ | 0.67 $ | +382.09% |
EPS (Diluted) $ | 3.23 $ | 0.67 $ | +382.09% |
SG&A Expense $M | 378.00 $M | 281.00 $M | +34.52% |
Answers draw on this SEC filing and the data on this page
Nucor's Q2 FY2026 net earnings nearly doubled to $1.16 billion, driven by steel mills strength and a $130 million cost benefit, with management guiding for further earnings growth in Q3.
Nucor Corporation (NUE) reported FY2025 revenue of $32.5B (+5.7% YoY), but net income fell 14.0% to $1.74B as rising costs compressed margins and cash balances declined sharply.
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