10-Q quarterly report · filed Apr 27, 2026

Steel Dynamics (STLD) Q1 2026 10-Q Quarterly Report

Short answer

Steel Dynamics (STLD) filed its Q1 2026 10-Q quarterly report on Apr 27, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $5.2B (up 19.1% year over year) with net income of $403M.

Q1 2026 key financials · XBRL

Revenue
$5.2B
+19.1% YoY
Net income
$403M
+85.8% YoY
Operating margin
10.3%
Gross margin
14.7%
EPS (diluted)
$2.78
+93.1% YoY

Source: XBRL data from the Steel Dynamics (STLD) Q1 2026 10-Q on SEC EDGAR. USD.

Steel Dynamics Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $5.20B, up 19% YoY from $4.37B
  • Operating margin 10.3% vs 6.3% YoY; net income $403.4M, up 86%
  • Best segment: Steel Operations operating income $555.5M, up 143%; worst: Aluminum loss $64.6M
  • Cash $556.5M; operating cash flow $148.3M vs $152.6M; capital investments $138.0M
  • Outlook: aluminum shipments and earnings expected to increase; $2.0B liquidity supports planned 2026 capital requirements

Risk Factors

  • No material changes to 10-K risk factors for year ended December 31, 2025
  • Regulatory and compliance risks unchanged from the 2025 Form 10-K
  • Operational and competitive risks unchanged from the 2025 Form 10-K
  • Financial, liquidity, debt, currency, and concentration risks unchanged from the 2025 Form 10-K

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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