Filing Flows › Cleveland-Cliffs (CLF) › Guidance history
Cleveland-Cliffs (CLF) guidance history: what it guided and what it reported
Cleveland-Cliffs gave guidance in 12 earnings releases on file since Jan 29, 2024. Its releases raised guidance 0 times and lowered it 6 times.
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $700M (Feb 9, 2026) → reaffirmed $700M (Apr 20, 2026) → reaffirmed $700M (Jul 23, 2026) | — | to be reported | — |
| FY2025 | $700M (Feb 24, 2025) → lowered $625M (May 7, 2025) → lowered $600M (Jul 21, 2025) → lowered $525M (Oct 20, 2025) | — | — | — |
| FY2024 | $675M–$725M (Jan 29, 2024) → reaffirmed $675M–$725M (Apr 22, 2024) → lowered $650M–$700M (Jul 22, 2024) → lowered $650M (Nov 4, 2024) | $695M (GAAP) | not judged | — |
EBITDA
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $600M (Nov 4, 2024) | — | — | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $715M (Oct 19, 2026) | — | to be reported | — |
| FY2027 | $4.0B (Oct 19, 2026) | — | to be reported | — |
| Q3 2026 | $575M (Jul 23, 2026) | — | — | — |
The latest quarter
Cleveland-Cliffs, Q3 2026: revenue $5.6B (+18% year over year), operating margin 5.5%, net earnings $152M, operating cash flow $224M. The chart follows the revenue to costs, profit and cash.
Questions
Does Cleveland-Cliffs beat its guidance?
Cleveland-Cliffs gave guidance in 12 earnings releases on file since Jan 29, 2024. Its releases raised guidance 0 times and lowered it 6 times.
How often does Cleveland-Cliffs raise guidance?
Its earnings releases raised guidance 0 times and lowered it 6 times since Jan 29, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.