Steel Dynamics

Q2 FY2026 EarningsQ2 2026 net sales reached $6.1B, up 33.44% YoY and 17.04% QoQ. Record steel shipments of 3.7 million tons and improved pricing drove operating income to $700M (up 82.96% YoY). Net income attributable to the company was $534M, with diluted EPS at $3.69. While steel operations saw 30% sequential profit growth, aluminum startup costs resulted in a $33M operating loss and a $16M non-cash impairment charge.