ArcelorMittal Misses Revenue and EPS Estimates but Reaffirms FY26 Capex Outlook
ArcelorMittal S.A. (MT) reported second-quarter results that fell short of expectations, with both revenue and earnings per share below analyst forecasts. The company's Q2 non-GAAP EPS came in at $0.90, missing estimates by $0.19, while revenue reached $16.76 billion—$310 million less than expected despite a 5.2% year-over-year increase. Despite the underperformance, ArcelorMittal reaffirmed its capital expenditure outlook for fiscal year 2026 and reported Q2 EBITDA of $2.1 billion with an average margin of $155 per tonne. The company also generated net cash from operating activities in the quarter, signaling continued operational strength. The results highlight ongoing challenges in a volatile steel market but suggest that management remains confident about long-term investment plans.
Tickers: $MT
Topics: Earnings Financial Results