Quarterly ResultJul 30, 2026, 12:21 PM
ArcelorMittal Q2 2026 EBITDA $2.1B; Net Income $0.7B
AI Summary
ArcelorMittal reported strong second-quarter 2026 results, with EBITDA reaching $2.1 billion and net income of $0.7 billion. The company highlighted structurally improved margins, robust liquidity, and continued shareholder returns, including $0.7 billion returned in the first half of the year. Strategic investments and a positive outlook for the European business, supported by new trade tools, are expected to drive further profitability and cash generation in the second half of 2026.
Key Highlights
- Q2 2026 EBITDA was $2.1 billion, with a margin of $155/tonne.
- Net income in Q2 2026 was $0.7 billion, with basic EPS of $0.90/share.
- Net debt increased modestly to $9.5 billion compared to prior quarter.
- Returned $0.7 billion to shareholders in 1H 2026 ($0.2B dividends, $0.5B buybacks).
- Strategic growth projects expected to add $1.8 billion to EBITDA from 2026.
- Europe EBITDA per tonne improved by $28/tonne sequentially.
- European shipments expected to be stable to slightly higher in Q3 2026.
- LTIF rate was 0.60x in Q2 2026, with a record low 0.53x in 1H 2026.
Price Impact
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