Nucor beats Q3 sales estimates on steel mills unit growth
NUE•Nucor reported Q3 sales of $11.25 billion, up 32% year over year and above estimates, while adjusted EPS of $4.84 missed expectations. The company expects Q4 2026 earnings to be in line with or modestly higher than Q3.
1. Quarterly results
Nucor’s Q3 sales were $11.25 billion, compared with the $10.83 billion analyst consensus. Adjusted EPS was $4.84, below the $5.92 consensus, while reported EPS was $5.80. Steel mills and steel products earnings rose on higher prices and volumes; raw materials earnings fell on lower pricing and shipments.
2. Fourth-quarter outlook
Nucor expects Q4 2026 earnings to be in line with or modestly higher than Q3. It expects stable steel mills earnings, with higher pricing and seasonally lower volumes, and slightly lower raw materials earnings due to lower DRI pricing.
