Nucor Corporation (NUE) is set to release its second-quarter 2026 earnings results on July 27. Analysts expect earnings of $4.57 per share, representing a 75.8% year-over-year increase. The company’s performance is anticipated to benefit from increased steel prices and higher earnings across its segments.
Nucor has shown a trailing four-quarter earnings surprise of approximately 8.1% on average and is currently ranked #3 (Hold) by Zacks. The company expects to see increased segment earnings due to stronger demand in non-residential construction and infrastructure, military and defense, and energy markets. Additionally, an estimated $130 million in cash refunds related to past raw materials procurement costs is expected to enhance profitability.
U.S. hot-rolled coil (HRC) prices have recently seen a rebound, rising to nearly $1,200 per short ton due to major steel mills raising prices amid supply constraints. Nucor’s steel mills segment is predicted to report an average sales price of $1,308 per ton for the second quarter, a 25.6% increase year-over-year. However, the company is contending with demand weaknesses in sectors like residential construction and agriculture.
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