Short answer
Steel Dynamics (STLD) filed its Q2 2026 10-Q quarterly report on Jul 28, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $6.1B (up 33.4% year over year) with net income of $534M.
Q2 2026 key financials · XBRL
- Revenue
- $6.1B
- +33.4% YoY · +17.0% QoQ
- Net income
- $534M
- +78.8% YoY · +32.4% QoQ
- Operating margin
- 11.5%
- Gross margin
- 15.7%
- EPS (diluted)
- $3.69
- +84.5% YoY · +32.7% QoQ
Source: XBRL data from the Steel Dynamics (STLD) Q2 2026 10-Q on SEC EDGAR. USD.
Steel Dynamics Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $6.09B, up 33% YoY from $4.57B in Q2 2025
- Operating income $700.5M, up 83% YoY; net income $534.1M, up 79%
- Best segment Steel Operations revenue $4.14B, up 22%; operating income $719.8M, up 89%
- Worst segment Aluminum Operations operating loss $49.9M, versus $40.6M loss; $16M impairment charge
- Liquidity $2.01B, including $567.7M cash and $1.19B revolver availability; debt $4.2B unchanged
- Outlook: aluminum shipments and earnings expected to increase in second half; steel demand supported by trade actions and reshoring
Risk Factors
- No material changes to 10-K risk factors for year ended December 31, 2025
- Regulatory risk: No new or updated compliance risks disclosed
- Operational risk: No newly identified operating or competitive risks disclosed
- Financial risk: $488.741 million remaining under share-repurchase authorization
- Legal risk: No defaults upon senior securities or other new legal matters disclosed
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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