Nucor CorporationNYSE: NUE
Materials · Steel
$225.81
+0.23%
Vol: 761K
Research Digest
Friday, May 1, 2026
Nucor reports blockbuster Q1 2026 EPS of $3.23, up 382% year-over-year, with record steel shipments and strong tariff tailwinds, spurring multiple analyst price target raises.
Nucor delivered exceptional Q1 2026 results with consolidated net earnings of $743 million ($3.23 per diluted share), representing a 382% increase year-over-year, on revenue of $9.5 billion, up 21.3%. The steel mills segment achieved a record 7.4 million tons in shipments with a 4.7 million ton backlog. The board declared a $0.56 per share dividend and approved a $4.00 billion share repurchase program. Multiple analysts raised price targets: JPMorgan and Goldman Sachs to $240, and Citi to $260 from $180.
Previous Market Intelligence
13 daysApr 30Nucor Q1 2026 beats estimates with EPS of 3.23 dollars and record shipments of 7 million tonsPositive▶
Nucor reported strong Q1 2026 results with EPS of $3.23 (beat estimates of $2.80), revenue of $9.50 billion (beat estimates of $8.88 billion), and EBITDA of approximately $1.5 billion. Company achieved record shipments of 7 million tons, highest in its history, with steel mills backlog increased 20% from year-end to highest level since Q2 2021. Nucor returned $254 million to shareholders through dividends and buybacks while reinvesting $661 million into business. Significant progress on new sheet mill project in West Virginia with key milestones expected in 2026. Multiple analyst upgrades: Citi raised price target to $260 from $180 on April 29; JPMorgan raised to $240 from $212; Goldman Sachs raised to $240 from $210. Guidance calls for higher consolidated earnings across all operating segments in Q2.
Apr 29Nucor delivers record Q1 2026 with $3.23 EPS, 7M ton shipments; BMO and BofA raise price targetsPositive▶
Nucor Corporation reported exceptional Q1 2026 earnings with net sales of $9.50 billion, beating estimates of $8.88 billion, and EPS of $3.23 surpassing expected $2.80. Company achieved record shipments of 7 million tons, highest in history. EBITDA reached approximately $1.5 billion. Steel mills backlog increased 20% from year-end, highest since Q2 2021. BMO Capital raised PT to $235 from $196, BofA raised PT to $250 from $190. Stock up 38% year-to-date and 93% over past year.
Apr 16Nucor Q1 2026 earnings April 28; Goldman Sachs initiates Buy (April 2026), UBS upgraded to Buy from Neutral (March 2026).Positive▶
Nucor announced Q1 2026 earnings call for April 28, 2026 at 10:00 a.m. ET, with CEO Leon Topalian leading presentation. In early April 2026, Goldman Sachs initiated a Buy rating on Nucor. Late March 2026 saw UBS upgrade Nucor to Buy from Neutral. Executive Vice President Dan Needham announced retirement in March 2026. Jack Sullivan promoted to CFO, Treasurer and Executive Vice President in February 2026. Company announced 212th consecutive cash dividend and new share repurchase program.
Apr 15JP Morgan raises Nucor price target to $212 with Overweight; Q1 earnings guidance of $2.70-$2.80/share shows 259% YoY EPS growth.Positive▶
Nucor announced Q1 2026 earnings guidance of $2.70-$2.80 per diluted share, representing 259% year-over-year EPS growth. JP Morgan maintained Overweight on April 14 while raising price target from $198 to $212. Company repurchased 0.7 million shares and returned $250 million to shareholders year-to-date. Q1 earnings call scheduled for April 28.
Apr 14Trump 50% metal tariffs boost Nucor with steel prices exceeding $1,000/ton; Q1 guidance shows $2.70-$2.80 EPS.Positive▶
Nucor surged on President Trump Section 232 tariff proclamation imposing a flat 50% levy on imported steel, aluminum, and copper. The tariffs drove spot steel prices above $1,000 per short ton. Nucor issued Q1 2026 earnings guidance of $2.70-$2.80 EPS, representing a 264% jump year-over-year. The stock rallied 7.9%.
Apr 13Nucor issued Q1 2026 EPS guidance of $2.70-$2.80 while stock rises on steel market strength.Positive▶
Nucor provided Q1 2026 earnings guidance of $2.70 to $2.80 per share, in line with consensus of $2.76. Repurchased 0.7 million shares at average $175.19 during Q1 and returned approximately $250 million to shareholders. UBS upgraded Nucor, calling it a steel stock insulated from Iran war concerns. Earnings release scheduled for April 27. Consensus analyst rating is Strong Buy with $179.45 target.
Apr 10Nucor guides Q1 2026 EPS of $2.70-$2.80 on higher steel prices and volumes; Goldman Sachs initiates Buy rating.Positive▶
Nucor announced Q1 2026 earnings guidance of $2.70-$2.80 per diluted share, with earnings expected to increase across all three operating segments compared to Q4 2025. Goldman Sachs initiated a new Buy rating on Nucor. Q1 earnings scheduled for April 27 release with analyst conference call April 28.
Apr 9Nucor poised for strong Q1 2026 earnings; UBS rates as "insulated" from Iran concernsPositive▶
Nucor Corporation announced 212th consecutive cash dividend and new share repurchase program in February. UBS recommended buying NUE in March, rating it "largely insulated" from Iran war concerns. Jack Sullivan promoted to CFO/EVP in February; Dan Needham retiring in March. Management expects Q1 2026 earnings to increase across all segments with largest gain in steel mills. Stock trading $177-182 range.
Apr 8Nucor Q1 2026 guidance strong at $2.70-$2.80 EPS; UBS upgrade, new analyst coverage drive sentimentPositive▶
Nucor issued Q1 2026 earnings guidance of $2.70-$2.80 per share with management expecting earnings growth across all segments led by steel mills on higher selling prices and volumes. UBS upgraded to Buy on March 26 citing stock is "largely insulated" from Iran war concerns. Goldman Sachs and KeyBanc initiated coverage. Company returned $250M to shareholders via dividends and buybacks in Q1. $860M capital reinvestment with two-thirds deployed within two years. Consensus Strong Buy with $179.45 target (3.3% upside).
Apr 7Nucor guides Q1 2026 EPS $2.70-2.80; Goldman initiates Buy with $210 PT.Positive▶
Nucor Q1 2026 EPS guidance $2.70-2.80. All three segments improving. Laxton promoted COO Jan 1; Sumoski retiring June 13. Repurchased 0.7M shares at $175.19 avg, ~$250M returned YTD. Goldman initiated Buy $210 PT. Strong Buy 12 analysts $179.45.
Apr 6Nucor Q1 Guidance and Dividend ActivityNeutral▶
Nucor Corporation (NUE) remains in focus following Q1 2026 earnings guidance of $2.70 per share. The company declared a quarterly cash dividend of $0.56 with ex-dividend date of March 31, 2026. Stock is trading at $172.46 with market cap of $39.28 billion. Analyst coverage is active regarding recent guidance and capital returns program, reflecting market's close monitoring of steel sector dynamics and Nucor's operational performance.
Apr 3Nucor guides Q1 2026 earnings to $2.70-$2.80 per share, representing 253% growth versus prior year.Positive▶
Nucor provided Q1 2026 guidance of $2.70-$2.80 EPS, a massive increase from $0.67 adjusted EPS in Q1 2025. HRC spot prices reached $1,074 per short ton. Strong mill segment driven by higher selling prices and volumes. Earnings release scheduled April 27; conference call April 28. Consensus analyst rating is Strong Buy with average PT of $190.85.
Apr 2Nucor stock up 2.73% on potential 25% tariffs on steel/aluminum imports; company initiated $4B share buyback program.Positive▶
Nucor Corporation stock increased 2.73%, trading at $172.46. Reports that Trump may issue steel/aluminum tariffs of 25% on imports (per WSJ) would benefit Nucor's business. The company declared a $0.56 dividend with ex-date of March 31, 2026, and the Board initiated a $4.00 billion share buyback program on February 20. Nucor trades at a P/E ratio of 23.10 with a 1.3% dividend yield. Twelve analysts rate the stock Strong Buy with an average 12-month price target of $179.45.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NUENUCOR | $225.81 | +0.23% | +32.8% | 15.1x | 1.75 | $51.3B |
| STLDSTEEL | $229.02 | +0.16% | +29.5% | 13.4x | 1.40 | $33.0B |
| LINLINDE | $508.66 | +1.50% | +0.3% | 25.7x | 0.79 | $232.2B |
| NEMNEWMONT | $108.91 | -1.96% | -1.5% | 9.8x | 0.47 | $118.6B |
| FCXFREEPORT | $56.78 | -1.74% | -5.4% | 15.7x | 1.47 | $82.9B |
| SHWSHERWIN | $317.83 | -1.18% | +1.6% | 24.2x | 1.27 | $79.3B |
Key Fundamentals
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Price above both MAs — bullish structure.