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NUE · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 23.0% y/y to $10.40B, operating margin 15.7% vs 10.9%, net income $1.16B (+91.7% y/y).
Net earnings attributable to Nucor stockholders
$1,156M
up 91.7% y/y
Net sales
$10,397M
up 23.0% y/y
Operating income (calculated)
$1,629M
up 77.3% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net sales | $10,397 · +23.0% |
| Cost of products sold | $8,363 · +15.6% |
| Marketing, administrative and other expenses | $405 · +33.2% |
| Operating income (calculated) | $1,629 · +77.3% · 15.7% margin |
| Equity in earnings of unconsolidated affiliates | $8 · −20.0% |
| Interest expense (income), net | $12 · −36.8% |
| Earnings before income taxes and noncontrolling interests | $1,625 · +80.8% |
| Provision for income taxes | $345 · +78.8% · 21.2% effective rate |
| Earnings attributable to noncontrolling interests | $124 · +20.4% |
| Net earnings attributable to Nucor stockholders | $1,156 · +91.7% · $5.04/sh · 11.1% margin |
Verdict: revenue grew 23.0% y/y to $10.40B, operating margin 15.7% vs 10.9%, net income $1.16B (+91.7% y/y).
Steel mills segment earnings before income taxes were $1,556 million vs $843 million a year earlier.
Source and notation
Source: Nucor press release, 8-K EX-99.1 of 07/27/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL. Operating income is calculated (revenue less costs and operating expenses): the release does not report it.
Open as an image: NUE, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “NUE Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/nue/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/nue/q2-2026"><img src="https://whoreportstoday.com/t/nue/q2-2026/sankey.png" alt="NUE Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/nue/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/nue/q2-2026">NUE Q2 2026 earnings chart (Who Reports Today)</a>
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- Net earnings before noncontrolling interests were $1.28 billion, and EBITDA was $2.02 billion.
- Operating income was $1.63B, a 15.7% margin vs 10.9% a year earlier.
- The effective tax rate was 21.2% vs 21.5% a year earlier.
- Diluted EPS was $5.04 vs $2.60 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
NUE — a steelmaker that produces steel in electric arc furnaces using scrap as its main raw material and sells it mostly to customers in North America for construction, durable goods and capital equipment.
It reports three segments: steel mills, steel products and raw materials; steel mills is the largest, at 62% of 2025 sales to external customers. · Source: annual report (Form 10-K, SEC)
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