---
title: "CSN Posts Strong 2Q26 Operating Gains but Swings to Deeper Net Loss on FX Costs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295833911.md"
description: "CSN reported Q2 2026 net revenue of R$11.3 billion, up 6.6% QoQ, with adjusted EBITDA rising 4.8% to R$2.77 billion due to strong demand and steel prices. However, the company posted a net loss of R$773.1 million, driven by exchange-rate financial expenses that outweighed operating gains. Analysts maintain a 'Sell' rating with a $1.40 price target, citing weak financial performance, high leverage, and negative cash flow."
datetime: "2026-08-13T18:17:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295833911.md)
  - [en](https://longbridge.com/en/news/295833911.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295833911.md)
generator: "portal-rs"
---

# CSN Posts Strong 2Q26 Operating Gains but Swings to Deeper Net Loss on FX Costs

Companhia Siderúrgica Nacional ( (SID) ) has issued an announcement.

On August 12, 2026, CSN reported its second-quarter 2026 results, highlighting a 6.6% quarter-on-quarter and 5.7% year-on-year rise in net revenue to R$11.3 billion, driven by seasonally stronger demand, higher steel prices and increased sales volumes across all segments, despite higher raw-material costs. Gross profit and margins improved, adjusted EBITDA climbed 4.8% to R$2.77 billion with the cement business posting record performance and steel profitability returning to double digits, but the company still recorded a net loss of R$773.1 million as exchange-rate driven financial expenses outweighed operating gains, leaving first-half 2026 in a deeper loss than a year earlier and underscoring ongoing earnings sensitivity to currency and financing costs.

The most recent analyst rating on (SID) stock is a Sell  
 with a $1.40 price target.  
 To see the full list of analyst forecasts on Companhia Siderúrgica Nacional stock,  
 see the SID Stock Forecast page. 

**Spark’s Take on SID Stock**

According to Spark, TipRanks’ AI Analyst, SID is a Neutral.

The score is primarily held down by weak financial performance: ongoing net losses, high leverage, and a deterioration to negative operating/free cash flow. Technicals add additional pressure with the stock trading below key moving averages and slightly negative MACD, while valuation support is limited because the negative P/E is not informative and no dividend yield is available.

To see Spark’s full report on SID stock,  
 click here. 

**More about Companhia Siderúrgica Nacional**

Companhia Siderúrgica Nacional (CSN), or National Steel Company, is a Brazilian industrial group operating across steel, mining, cement, logistics and energy. The company produces flat and long steel products, iron ore and cement and leverages integrated logistics and energy assets to serve domestic and export markets, with its shares listed on B3 and the NYSE.

**Average Trading Volume:** 4,243,568

**Technical Sentiment Signal:** Sell

**Current Market Cap:** $1.09B

For a thorough assessment of SID stock, go to TipRanks’ Stock Analysis page.

### Related Stocks

- [SID.US](https://longbridge.com/en/quote/SID.US.md)

## Related News & Research

- [MRS Logistica signs BRL 475 million rail freight services contract with CSN](https://longbridge.com/en/news/298077499.md)
- [CSN names Fabio Schvartsman CEO, effective Sept. 3](https://longbridge.com/en/news/297928966.md)
- [SPAYZ.io brings Africa’s payment growth story to Forex Expo Dubai 2026](https://longbridge.com/en/news/298013003.md)
- [Hyundai Steel Celebrates Louisiana EAF Steel Mill Project Launch, Driving Growth for U.S. Manufacturing](https://longbridge.com/en/news/298082718.md)
- [ACRA, SID to open registration for two-phase director training in October](https://longbridge.com/en/news/297436039.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**