Nucor sees Q3 2026 earnings up to $5.65 per share

On 17 September 2026, Nucor announced financial guidance for its third quarter ending 3 October 2026. The steel producer expects net earnings between $5.55 and $5.65 per diluted share. That compares with second-quarter net earnings of $5.04 per diluted share, adjusted net earnings of $4.84 per diluted share, and $2.63 per diluted share reported in the third quarter of 2025.

Second-quarter results included a non-cash, pre-tax gain of $61 million, or $0.20 per diluted share, from an increase in the valuation of its stake in fusion energy firm Helion. For the third quarter, Nucor expects corporate and eliminations expense to rise due to the absence of the Helion adjustment.

Quarter-over-quarter earnings are projected to rise in the steel mills and steel products segments, but decline in raw materials. Steel mills should benefit from higher average selling prices and stable volumes, partially offset by higher costs of products sold and the absence of $130 million in raw material cash refunds received in the second quarter. Steel products earnings will be supported by higher volumes and realized prices, while lower pricing and shipments weigh on raw materials.

During the third quarter, Nucor repurchased about 2.03 million shares at an average price of $247.04 each. Year-to-date, the company has returned roughly $1.36 billion to shareholders through repurchases and dividends. Full third-quarter results will be released after market close on 26 October 2026.