Steel Dynamics, Inc. · STLD · Next earnings

Steel Dynamics, Inc. reports Monday, Oct 19, 2026

STLD reports after market close with consensus EPS at $5.45 and revenue at $6.42B. Last quarter: Steel Dynamics Posts Record Q2 as Aluminum Ramp Accelerates

Reports After market close29 days awayDate estimated Basic Materials

What the street expects

Consensus for the coming report
Consensus EPS $5.45 Calendar consensus
Consensus revenue $6.42B Calendar consensus
Report date Oct 19, 2026 Monday, date estimated
Session After market close 29 days away

Where STLD left off: FY2026 Q2

Full report

Steel Dynamics Posts Record Q2 as Aluminum Ramp Accelerates

EPS surprise +1.7% Reported $3.69 vs $3.63
Revenue surprise +9.6% Reported $6.09B vs $5.56B
Stock move +1.3% Event window
Subsequent drift +8.1% Up to 20 sessions

Management maintained its guidance sentiment, consistent with Q1. The aluminum mill utilization target of at least 90% by year-end 2026 was reaffirmed, with the third cold mill expected to commission in Q3 and the fourth in Q4. Capex for H2 2026 was specified at $300-$350 million for growth projects, within the previously communicated full-year framework. Share repurchases and dividend growth remain ongoing priorities.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Workplace safety risk highlighted by a recent fatal accident involving a new employee.
  • Volatile aluminum market due to geopolitical supply-chain constraints.
  • Potential competitive pressure from imported steel despite Section 232 tariffs.
  • Higher electricity and utility costs could affect margins.
  • Working capital pressure from pricing-driven increases.

Questions analysts left open

  • Future pricing and margin outlook for steel fabrication.
  • Aluminum mix, scrap content and ramp-up timeline for the third cold mill.
  • Capex schedule and potential cost overruns for aluminum assets.
  • Working capital trends and cash flow sustainability.
  • Impact of the $16 million impairment and other non-cash charges.

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Recent STLD quarters

All STLD earnings
+1.3%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

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.