Filing Flows › Nucor (NUE) › Q1 2026
Nucor (NUE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Nucor (NUE) reported revenue of $9.5B for the first quarter 2026 (Q1 2026), +21% from a year earlier and +24% from the quarter before. Operating margin was 11.5%, net earnings $743M (7.8% of revenue).
Nucor, Q1 2026: revenue $9.5B (+21% year over year), operating margin 11.5%, net earnings $743M, operating cash flow $886M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.5B | +24% | +21% |
| Operating profit | $1.1B | +119% | +285% |
| Net earnings | $743M | +97% | +376% |
| Operating cash flow | $886M | +11% | +143% |
| Free cash flow | $225M | — | — |
What changed
Revenue was $9.5B in Q1 2026, up 21% year over year and up 24% from the previous quarter. Sheet was the largest line at 29% of revenue. Sheet added $0.58B year over year (up 26%), 35% of the total change. Joist and Deck declined 9%.
Operating profit was $1.1B, a 11.5% margin (up 7.9 points year over year). Of the extra revenue versus Q1 2025, 49% reached operating profit, above the 4% margin then. Total costs grew 11% against revenue growth of 21%. The fastest-growing cost line was SG&A (+35%). Net earnings were $0.74B, up 376% year over year. The effective tax rate was 20.6%.
Operating cash flow was $0.89B (up 143% year over year), 102% of net income including minority interests. Non-cash charges added back $0.38B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.40B. Capital expenditures of $0.66B left free cash flow of $0.23B.
Questions
What was Nucor's revenue in the first quarter 2026?
Nucor (NUE) reported revenue of $9.5B for the first quarter 2026 (Q1 2026), +21% from a year earlier and +24% from the quarter before.
Was Nucor profitable in the first quarter 2026?
Operating profit was $1.1B (11.5% of revenue) and net earnings $743M.
Source: Nucor 10-Q on SEC EDGAR.