Q2 FY2026 EarningsQ2 FY26 results showed a top-line beat with revenue of $5.23B vs. $5.14B expected, driven by higher average selling prices of $1,124/ton. Despite the revenue strength, the Company missed on earnings with an adjusted EPS of -$0.20 vs. -$0.18 expected, and a GAAP EPS of -$0.25 vs. -$0.18 expected, impacted by maintenance outages and higher interest costs. Management issued strong Q3 EBITDA guidance of $575M, significantly above the Q2 level, and expects Q4 to be the strongest performance since 2021.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Cleveland Cliffs(CLF) the Revenue is 5.226 B (+5.92%), Beat estimate;the EBIT is -49 M (+90.16%), Beat estimate;the EPS is -0.25 (+74.23%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueExceed expectations
5.23B5.92%
5.14B4.16%
+0.09B1.76%
EBITExceed expectations
-0.05B90.16%
-0.05B89.56%
+0.00B0.60%
EPSMiss expectations
-0.2574.23%
-0.181181.33%
-0.06897.10%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf