Filing Flows › Nucor (NUE) › Q2 2026 › vs Q2 2025
Nucor (NUE) Q2 2026 vs Q2 2025 (year over year)
Nucor's revenue rose $1.9B (+23%) from $8.5B in Q2 2025 to $10.4B in Q2 2026. The biggest changes: Bar +$465M (+33%); Sheet +$440M (+18%); Raw Materials +$265M (+49%). Operating margin 15.6% against 10.6% (+5.0 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.6% | 10.6% | +5.0 pts |
| Net margin | 11.1% | 7.1% | +4.0 pts |
| Free cash flow margin | 8.0% | -2.6% | +10.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Sheet | $2.9B | $2.5B | $440M | +18% |
| Bar | $1.9B | $1.4B | $465M | +33% |
| Other Steel Products | $1.1B | $889M | $213M | +24% |
| Plate | $856M | $686M | $170M | +25% |
| Structural | $847M | $694M | $153M | +22% |
| Raw Materials | $811M | $546M | $265M | +49% |
| Tubular Products | $599M | $380M | $219M | +58% |
| Rebar Fabrication | $569M | $487M | $82.0M | +17% |
| Joist and Deck | $483M | $564M | −$81.0M | -14% |
| Building Systems | $352M | $337M | $15.0M | +4% |
| Revenue | $10.4B | $8.5B | $1.9B | +23% |
| Operating profit | $1.6B | $899M | $726M | +81% |
| Costs & expenses | $8.8B | $7.6B | $1.2B | +16% |
| Pre-tax earnings | $1.6B | $899M | $726M | +81% |
| Cost of revenue | $8.4B | $7.2B | $1.1B | +16% |
| SG&A | $405M | $304M | $101M | +33% |
| Net earnings | $1.2B | $603M | $553M | +92% |
| Minority interests | $124M | $103M | $21.0M | +20% |
| Income tax | $345M | $193M | $152M | +79% |
| Depreciation & amortization | $383M | $366M | $17.0M | +5% |
| Share-based compensation | $61.0M | $52.0M | $9.0M | +17% |
| Working capital & other | $200M | $289M | −$89.0M | -31% |
| Operating cash flow | $1.4B | $732M | $668M | +91% |
| Free cash flow (OCF − capex) | $829M | −$222M | $1.1B | — |
| Capital expenditures | $571M | $954M | −$383M | -40% |
Questions
How much did Nucor's revenue grow year over year in Q2 2026?
Nucor's revenue rose $1.9B (+23%) from $8.5B in Q2 2025 to $10.4B in Q2 2026.
What drove Nucor's revenue change in Q2 2026?
Bar +$465M (+33%); Sheet +$440M (+18%); Raw Materials +$265M (+49%).