Nucor (NUE) Q3 2026 Earnings Review
What the company reported
Nucor reported a 32% rise in third-quarter sales to $11.25 billion as higher steel prices and shipments lifted earnings; its outlook for roughly steady or modestly higher fourth-quarter profit suggests pricing may offset seasonal demand weakness.
Q3 2026 earnings recap
Nucor’s third-quarter sales rose 32% to $11.25 billion as stronger steel pricing and demand lifted profits.
- Profit per share more than doubled from a year earlier to $5.80, just below the $5.84 analyst estimate.
- Steel mills earned more as selling prices rose, even without the previous quarter’s $130 million raw-material refund.
- Management expects fourth-quarter profit to stay roughly steady or rise modestly as pricing offsets seasonal volume weakness.
- Cash left after capital spending reached $2.66 billion in the first nine months, supporting dividends and share repurchases.
- The West Virginia mill’s first steel production and Berkeley’s new coating line mark progress toward added capacity.
- At the October 26 close of $257.35, shares traded near 16.4 times trailing profit, with chart support around $250–254.
Watch the October 27 earnings call for demand and new-mill updates, as weaker steel prices or higher costs could squeeze profits.
Financials, technicals and earnings
Charts through Oct 26, 2026.
Technical setup and risks
The October 26 close of $257.35 sits above the 20-day and 50-day averages, with support around $250–254 and resistance near $263–266; weaker demand, steel prices or new-mill execution could undermine the recovery.
AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.