Quarterly ResultJul 30, 2026, 01:02 AM
ArcelorMittal Q2 EBITDA $2.1B, Net Income $0.7B, EPS $0.90
AI Summary
ArcelorMittal announced strong Q2 2026 results, with EBITDA reaching $2.1 billion and net income of $0.7 billion, driven by improved margins and increased sales. The company continues to prioritize safety, achieving a record low LTIF rate for the first half of the year. Shareholder returns remain robust, with $0.7 billion returned in 1H 2026, and strategic growth projects are on track to significantly boost future EBITDA. The outlook for Europe is positive due to new trade measures, leading to expected higher shipments in the second half of the year.
Key Highlights
- 2Q 2026 EBITDA was $2.1 billion, representing a margin of $155/tonne.
- 2Q 2026 Net income was $0.7 billion, with basic EPS of $0.90/share.
- Sales increased by 8.4% QoQ to $16.8 billion in 2Q 2026.
- Net debt increased modestly to $9.5 billion, with robust liquidity of $10.4 billion.
- The company returned $0.7 billion to shareholders in 1H 2026 through dividends and share buybacks.
- Strategic growth projects are expected to add approximately $1.8 billion to EBITDA from 2026 onwards.
- The Lost Time Injury Frequency (LTIF) rate improved to 0.53x in 1H 2026 from 0.66x in 1H 2025.
- European shipments are expected to be stable to slightly higher in 3Q 2026, counter to typical seasonal decline.
Price Impact
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