$STLD 8-K earnings — Q2 FY26

Net sales hit $6.1B, up from $4.5B a year ago, with net income of $534M ($3.69/diluted share) vs. $299M ($2.01) in Q2 2025. Adjusted EBITDA was $921M, and operating income surged 30% sequentially to $700M, driven by record steel shipments and metal spread expansion as steel pricing rose $105/ton to $1,298. The aluminum mill is commissioning its third cold mill for full 650K-ton capacity, with automotive sales expected by year-end.

Net sales hit $6.1B, up from $4.5B a year ago, with net income of $534M ($3.69/diluted share) vs. $299M ($2.01) in Q2 2025. Adjusted EBITDA was $921M, and operating income surged 30% sequentially to $700M, driven by record steel shipments and metal spread expansion as steel pricing rose $105/ton to $1,298. The aluminum mill is commissioning its third cold mill for full 650K-ton capacity, with automotive sales expected by year-end.