ArcelorMittal S.A. and its subsidiaries operate as a comprehensive, globally integrated steel production and mining enterprise, with operations spanning Europe, North and ...
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Est. EPS $1.29 · Revenue $17.26B · 2 analysts
$0.60 per share
$0.60 per share
Est. EPS $1.48 · Revenue $17.58B · 2 analysts
EPS $0.89 · Revenue $16.76B
EPS $0.75 · Revenue $15.46B
EPS $4.11 · Revenue $61.35B
EPS $0.49 · Revenue $15.66B
EPS $2.33 · Revenue $15.93B
EPS $1.04 · Revenue $14.80B
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $61.4B | -1.7% | +8.4% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $3.2B | +135.4% | +18.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +9.6% | +3.8% | -35.2% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +5.9% | +11.6% | +29.2% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +5.1% | +139.6% | +9.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $471.0M | +5.4% | -11.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +0.8% | +7.2% | -2.5% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 24.6% | +4.8% | +6.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.36x | +0.9% | +3.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $97.7B | +9.3% | +0.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 4.11 vs 4.17 | -1.4% | 0.89 vs 1.18 | -24.6% |
| Revenue Surprise | $61.4B vs $62.1B | -1.2% | $16.8B vs $16.8B | -0.4% |
Daniel Fairclough: Good afternoon, everyone. This is Daniel Fairclough from the ArcelorMittal Investor Relations team. Thank you for joining this call today to discuss our performance and progress in the second quarter and first half of 2026. Leading today's call will be our Group CFO, Mr. Genuino Christino. Before we begin, I would like to mention a few housekeeping items. As usual, we will not be going through the results presentation, which was published this morning on our website. However, I do want to draw your attention to the disclaimers on slide 21 of that presentation. Following opening remarks from Genuino, we will be moving directly to the Q&A session. If you'd like to ask a question, please do press star one one on your keypad to join the queue. With that, I'll hand over the call to Genuino. Genuino Christino: Thanks, Daniel. Welcome everyone, and thanks for joining today's call. As usual, I will keep my remarks brief. Let me start with safety, which remains our highest priority. ArcelorMittal Safety Transformation continues to deliver measurable progress. The frequency rate of lost time injuries in the first six months of the year was a record low for our company. While we are encouraged by these improvements, we remain firmly focused on driving further progress. Turning now to the business, I would like to focus on three key points. First, we are seeing positive near-term momentum across the business. The operating environment has improved through the first half of the year, driving improved results, and with positive momentum across all segments. There is more improvement to come. EBITDA for the second quarter improved to $2.1 billion. This represents a margin of $155 per ton, which is well above our previous through-the-cycle averages. Our European segment delivered an EBITDA per ton of $98, which is a three-years high, and demonstrates the early signs of the improved policy backdrop. Importantly, these results do not yet reflect the benefits of the new TRQ trade tool, which are becoming increasingly evident. Customer engagement is higher, our order book is getting stronger, and prices are bucking the normal seasonal trends. Reflecting these positive dynamics, we have announced production restarts in Spain, Poland and more recently France. As we head into August, we have our full suite of blast furnaces in operation. As a result, we are guiding to third quarter shipments to be stable to higher than the second quarter, which would represent a powerful counterseasonal outcome. Underlying free cash flow in the first half was strong, annualizing at $2.5 billion, excluding seasonal working capital investments and the strategic growth CapEx. This is a strong outcome at this stage of the cycle and provides the foundation for continued investments and returns of capital to shareholders. This brings me to my second point, our differentiated portfolio of strategic growth projects and the opportunities that we are developing into growth …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Lakshmi Nivas Mittal | Executive Chairman of the Board | USD 4,654,000 | Male | 1950 | Active |
Daniel Fairclough | Head of Investor Relations & Vice President of Corporate Finance | — | Male | — | Active |
Sapan Gupta | VP & Group General Counsel | — | Male | 1979 | Active |
Stephanie Werner-Dietz | Executive Vice President & Global Head of HR | — | Female | 1972 | Active |
Augustine Kochuparampil | Vice President & Chief Executive Officer of Long Products Europe | — | Male | 1952 | Active |
Genuino Jose Magalhaes Christino | Executive Vice President & Chief Financial Officer | — | Male | 1971 | Active |
Aditya Mittal | Chief Executive Officer & Director | — | Male | 1976 | Active |
Henk Scheffer | Group Compliance, Data Protection Officer & Company Secretary | — | Male | 1963 | Active |
Nicola Davidson | VP, Head of Corporate Communications & Sustainable Development | — | Female | — | Active |
Pinakin Chaubal | Vice President & Chief Technology Officer | — | Male | — | Active |
Vijay Krishna Goyal | EVP & Regional CEO of Ukraine, Development Initiatives & EME JVs | — | Male | 1972 | Active |
MT missed on adjusted earnings as Q2 profit fell year over year, but expects stronger second-half shipments and sees Europe supported by policy changes.
3 August 2026, 16:00 CET ArcelorMittal has released a special edition of its Steel Talks podcast to mark the company's 20th anniversary. The landmark episode brings together Executive Chairman Lakshmi Mittal, Chief Executive Officer Aditya Mittal and journalist and author Tim Bouquet (www.timbouquet.com) for a first of its kind, wide-ranging conversation reflecting on the creation of ArcelorMittal, the defining moments of the past two decades, and the opportunities and challenges that will shape the future of the steel industry.
Steelmaker ArcelorMittal said on Monday it was expanding its collaboration with Microsoft as part of its "Cloud First, Data Centric" strategy, which uses Azure as its primary cloud computing platform.
ArcelorMittal NYSE: MT reported improving operating momentum in the second quarter and said it expects progress to continue through the second half of 2026, supported by stronger European order books, production restarts and strategic growth investments.
31 July 2026, 20:30 CET ArcelorMittal has today published its half-year report for the six-month period ended 30 June 2026. The report is available on http://corporate.arcelormittal.com/ under ‘Reports and Policies > Financial and Regulatory Reports', and on the electronic database of the Luxembourg Stock Exchange (www.bourse.lu/).
