ArcelorMittal S.A. · MT · Next earnings

ArcelorMittal S.A. reports Thursday, Feb 4, 2027

MT reports before market open with consensus EPS at $1.39 and revenue at $18.40B. Last quarter: ArcelorMittal sees stronger European shipments, with fuller TRQ benefits ahead

Reports Before market open90 days awayDate estimated Basic Materials

What the street expects

Consensus for the coming report
Consensus EPS $1.39 Calendar consensus
Consensus revenue $18.40B Calendar consensus
Report date Feb 4, 2027 Thursday, date estimated
Session Before market open 90 days away

Where MT left off: FY2026 Q3

Full report

ArcelorMittal sees stronger European shipments, with fuller TRQ benefits ahead

EPS surprise +43.7% Reported $1.15 vs $0.80
Revenue surprise -7.3% Reported $16.47B vs $17.77B
Stock move -3.3% Event window
Subsequent drift 0.0% Up to 20 sessions

Management raised its near-term outlook, including expectations for double-digit European shipment growth in Q4, and sees fuller TRQ benefits in 2027. The supplied transcript analysis does not specify a revised full-year financial target.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • European energy costs remain sticky, while steel prices and freight may be volatile during destocking.
  • Higher CO2 costs could weigh on new capacity economics.
  • Trade-policy uncertainty, including CBAM and slab-import rules, could affect costs and competitiveness.

Questions analysts left open

  • The components of the Q4 profit bridge, including volumes, pricing and energy costs.
  • The timing and magnitude of European annual contract resets and progress ramping up furnaces in Fos and Poland.
  • Potential effects of Brazil's election, trade protection, slab imports and Section 232 tariffs.

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Recent MT quarters

All MT earnings
-3.3%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.