Filing Flows › Nucor (NUE) › Q2 2026 › vs Q1 2026
Nucor (NUE) Q2 2026 vs Q1 2026 (quarter over quarter)
Nucor's revenue rose $901M (+9%) from $9.5B in Q1 2026 to $10.4B in Q2 2026. The biggest changes: Bar +$173M (+10%); Plate +$153M (+22%); Raw Materials +$137M (+20%). Operating margin 15.6% against 11.5% (+4.1 pts).
Nucor, Q2 2026: revenue $10.4B (+23% year over year), operating margin 15.6%, net earnings $1.2B, operating cash flow $1.4B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 15.6% | 11.5% | +4.1 pts |
| Net margin | 11.1% | 7.8% | +3.3 pts |
| Free cash flow margin | 8.0% | 2.4% | +5.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Sheet | $2.9B | $2.8B | $125M | +4% |
| Bar | $1.9B | $1.7B | $173M | +10% |
| Other Steel Products | $1.1B | $988M | $114M | +12% |
| Plate | $856M | $703M | $153M | +22% |
| Structural | $847M | $853M | −$6.0M | -0.7% |
| Raw Materials | $811M | $674M | $137M | +20% |
| Tubular Products | $599M | $528M | $71.0M | +13% |
| Rebar Fabrication | $569M | $479M | $90.0M | +19% |
| Joist and Deck | $483M | $455M | $28.0M | +6% |
| Building Systems | $352M | $336M | $16.0M | +5% |
| Revenue | $10.4B | $9.5B | $901M | +9% |
| Operating profit | $1.6B | $1.1B | $529M | +48% |
| Costs & expenses | $8.8B | $8.4B | $372M | +4% |
| Pre-tax earnings | $1.6B | $1.1B | $529M | +48% |
| Cost of revenue | $8.4B | $8.0B | $368M | +5% |
| SG&A | $405M | $378M | $27.0M | +7% |
| Net earnings | $1.2B | $743M | $413M | +56% |
| Minority interests | $124M | $127M | −$3.0M | -2% |
| Income tax | $345M | $226M | $119M | +53% |
| Depreciation & amortization | $383M | $384M | −$1.0M | -0.3% |
| Share-based compensation | $61.0M | $30.0M | $31.0M | +103% |
| Working capital & other | $200M | $271M | −$71.0M | -26% |
| Operating cash flow | $1.4B | $886M | $514M | +58% |
| Free cash flow (OCF − capex) | $829M | $225M | $604M | +268% |
| Capital expenditures | $571M | $661M | −$90.0M | -14% |
Questions
How much did Nucor's revenue grow quarter over quarter in Q2 2026?
Nucor's revenue rose $901M (+9%) from $9.5B in Q1 2026 to $10.4B in Q2 2026.
What drove Nucor's revenue change in Q2 2026?
Bar +$173M (+10%); Plate +$153M (+22%); Raw Materials +$137M (+20%).