STEEL DYNAMICS INC is expected to release its Q3 2026 10-Q filing on October 19, 2026, after market close. Last quarter: STLD delivered sharply higher Q2 FY2026 profitability as revenue rose 33.4% to $6.1B and operating income rose 83.0% to $700.5M, driven principally by stronger steel pricing, shipment growth, and wider steel and recycling metal spreads. Source: 10-Q Item 2 MD&A, pp.15-18.
EPS Estimate
$5.41
Revenue Estimate
$6.41B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the STLD page.
Drawn from management commentary in the Q2 2026 10-Q:
Steel operations recorded quarterly total shipments of 3.7M tons, up 12% year over year; external shipments rose 7%. Average steel selling prices increased $162 per ton, or 14%, while metallic raw-material cost per ton increased only $5, or 1%, expanding steel metal spread by 22% and lifting segment operating income 89% to $719.8M.
Metals recycling operating income increased 125% to $47.8M. Ferrous and nonferrous selling prices rose 8% and 19%, respectively; ferrous metal spread increased 20% and nonferrous metal spread increased 52%, with management specifically citing higher copper prices as a contributor.
Steel fabrication sales increased 16% as volumes rose 19%, and its backlog was nearly 45% above the prior-year level and extended into Q1 FY2027. However, average selling prices declined 3% while steel input cost per ton increased 8%, causing metal spread to contract 11% and segment operating income to decline 9% to $84.6M.
Revenue
$6.09B
+33.44% YoY
EPS (Diluted)
$3.69
+83.58% YoY
Gross Margin
15.7%
+2.2 pts YoY
Operating Income
$700.48M
+82.96% YoY
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