Steel Dynamics reported third quarter 2026 net sales of $6.5 billion and net income of $756 million, or $5.26 per diluted share, up from $404 million, or $2.74 per share, a year earlier and $534 million, or $3.69 per share, in the second quarter. Management attributed the gains mainly to higher steel prices and record steel shipments, while the aluminum operations still posted an operating loss.
Net sales of $6.5 billion versus $4.8 billion in Q3 2025; net income of $756 million versus $404 million a year earlier.
Record steel shipments of 3.8 million tons; steel operations operating income of $1.0 billion.
Aluminum operating loss of $26 million, a 21 percent improvement from the second quarter; management expects improvement in Q4 2026 and throughout 2027.
Share repurchases of $276 million in the quarter; liquidity of $2.4 billion as of September 30, 2026.
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From Steel Dynamics's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$18.18B
+3.6%
$7.99
-18.8%
6.5%
FY2024
$17.54B
-6.7%
$9.84
-32.8%
8.8%
FY2023
$18.80B
-15.6%
$14.64
-30.0%
13.0%
FY2022
$22.26B
+20.9%
$20.92
+34.4%
17.4%
FY2021
$18.41B
+92.0%
$15.56
+500.8%
17.5%
Frequently asked questions
When is Steel Dynamics's next earnings date?
Steel Dynamics has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did Steel Dynamics earn last quarter?
For the quarter ended Sep 2026, Steel Dynamics reported diluted EPS of $5.26 (+92.0% year over year) on revenue of $6.51B (+34.8%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.