Nucor Sees Q2 EPS of $4.70–$4.80, Boosted by $61M Helion Gain
NUE•Nucor expects Q2 EPS of $4.70 to $4.80 per diluted share, or $4.50 to $4.60 adjusted, up from $3.23 in Q1 and $2.60 in Q2 2025, reflecting a $61 million Helion investment gain. All segments should see higher earnings, led by steel mills’ $130 million raw material refunds, while YTD capital returns total $630 million.
1. Q2 EPS Guidance
Nucor projects second quarter EPS of $4.70–$4.80 per diluted share, or $4.50–$4.60 on an adjusted basis excluding a $0.20 non-cash benefit. This compares with $3.23 in the first quarter of 2026 and $2.60 in Q2 2025.
2. Non-Cash Benefit Details
The non-adjusted guidance includes a $61 million revaluation gain from Nucor’s investment in Helion, adding roughly $0.20 per diluted share. This benefit follows Helion’s capital financing round completed during the quarter.
3. Segment Outlook and Industry Trends
Earnings across all segments are set to rise, led by steel mills benefiting from higher average selling prices, stable volumes and $130 million of raw material procurement refunds. Steel products and raw materials divisions also gain from increased volumes and realized pricing amid firm industry demand.
4. Capital Return Initiatives
Through June 17, Nucor repurchased 1.12 million shares at an average price of $223.47, and has returned $630 million to shareholders via buybacks and dividends year-to-date. Further repurchases and the dividend schedule remain key components of the company’s shareholder return strategy.
