Steel Dynamics stock reports higher Q3 EPS guidance
Published on 09/28/2026 at 12:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Steel Dynamics (ISIN US8581191009) was last at USD 233.66 on Nasdaq on September 25, 2026 at 4:00 p.m. ET, down 0.65 percent from the prior close of USD 235.20. The company then guided for third-quarter 2026 diluted earnings per share of USD 5.34 to USD 5.38, according to Steel Dynamics on September 17, 2026.
Q3 guidance resets the earnings bar
The guidance midpoint of USD 5.36 is 45.26 percent above second-quarter diluted EPS of USD 3.69 and 95.62 percent above the year-ago third-quarter figure of USD 2.74. Steel Dynamics attributed the outlook to wider steel metal margins, record shipments, higher realized selling values and lower scrap costs.
The company also expects weaker third-quarter earnings from metals recycling because of lower metal spreads and modestly lower shipments, creating a clear counterweight to the steel operations outlook. Steel fabrication backlog was nearly 50 percent higher than in the prior-year third quarter and extended through the first quarter of 2027, according to Steel Dynamics on September 17, 2026.
Quarterly results support the comparison
For the second quarter of 2026, Steel Dynamics reported USD 6.09 billion in revenue and diluted EPS of USD 3.69, versus consensus EPS of USD 3.63. Revenue increased 33.40 percent year over year, according to MarketBeat on September 18, 2026.
Analyst expectations remain above the recent market price, but the range of views matters. JPMorgan cut its target from USD 273.00 to USD 272.00 and kept a neutral rating on September 18, while the broader analyst average target was USD 258.45, according to MarketBeat.
Stock remains below its yearly high
At USD 233.66, Steel Dynamics stood 19.06 percent below its 52-week high of USD 288.74 and 69.81 percent above its 52-week low of USD 137.60. Its market capitalization was USD 33.5 billion and trading volume was 508,838 shares on September 25, 2026.
Steel Dynamics stock data
- Company: Steel Dynamics, Inc.
- ISIN: US8581191009
- Ticker: STLD
- Trading venue: Nasdaq
- Price (as of September 25, 2026, 4:00 p.m. ET): USD 233.66
- Market capitalization: USD 33.5 billion (as of September 25, 2026)
- 52-week range: USD 137.60-288.74 (as of September 25, 2026)
- Sector / Industry: Materials / Steel
- Next earnings date: October 19, 2026
