Operating globally and within Brazil, Vale S.A. is a major producer and seller of essential raw materials, including iron ore, iron ore ...
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$1.20 per share
Est. EPS $1.82 · Revenue $41.48B · 8 analysts
Est. EPS $0.52 · Revenue $9.83B · 1 analysts
Est. EPS $0.55 · Revenue $10.30B · 1 analysts
$1.20 per share
EPS $0.32 · Revenue $10.49B
EPS $0.44 · Revenue $9.26B
EPS $0.58 · Revenue $38.23B
EPS $0.63 · Revenue $10.41B
EPS $0.50 · Revenue $8.80B
| 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). | $38.2B | +0.5% | +13.3% |
| 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. | $2.5B | -59.9% | -28.4% |
| 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. | +34.4% | -5.2% | -7.0% |
| 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). | +29.0% | +2.2% | -11.7% |
| 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. | +6.5% | -60.1% | -36.8% |
| 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. | $3.1B | +6.1% | +77.1% |
| 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. | +8.0% | +5.6% | +56.3% |
| 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. | 57.7% | +8.6% | -3.0% |
| 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. | 1.15x | +11.9% | -3.9% |
| 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. | $86.9B | +8.3% | +2.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.58 vs 2.01 | -71.2% | 0.32 vs 0.52 | -38.1% |
| Revenue Surprise | $38.2B vs $38.1B | +0.3% | $10.5B vs $9.8B | +6.7% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Viana Madeira Andre | director | Common Shares | A | 4 | $14.99 |
| Aug 3, 2026 | Viana Madeira Andre | director | Common Shares | A | 5 | $14.63 |
| Jul 3, 2026 | de Souza Funo Elaine Maria | officer: Accounting Officer | Common Shares | A | 406 | $15.25 |
| Jul 2, 2026 | Viana Madeira Andre | director | Common Shares | A | 1 | $15.06 |
| Jul 1, 2026 | Viana Madeira Andre | director | Common Shares | A | 1 | $15.02 |
Operator: Good morning, ladies and gentlemen. Welcome to Vale's Second Quarter 2026 Earnings Call. This conference is being recorded, and the replay will be available on our website at vale.com. The presentation is also available for download in English and Portuguese from our website. [Operator Instructions]. We would like to advise that forward-looking statements may be provided in this presentation, including Vale's expectations about future events or results, encompassing those matters listed in the respective presentation. We caution you that forward-looking statements are not guarantees of future performance and involve risks and uncertainties. To obtain information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission, the Brazilian Comissão de Valores Mobiliários and in particular, the factors discussed under forward-looking statements and Risk Factors in Vale's annual report on Form 20-F. With us today are Mr. Gustavo Pimenta, CEO; Mr. Marcelo Bacci, Executive Vice President of Finance and Investor Relations; Mr. Rogério Nogueira, Executive Vice President, Commercial and Development; Mr. Carlos Medeiros, Executive Vice President of Operations; and Mr. Shaun Usmar, CEO of Vale Base Metals. Now I will turn the conference over to Mr. Gustavo Pimenta. Sir, you may now begin. Gustavo Duarte Pimenta: Hello, everyone, and thank you for joining Vale's Second Quarter 2026 Conference Call. First, I would like to briefly reinforce our strategic direction and ambition to create superior value for our shareholders. In this context, we have been consistently focused on our key priorities of operational excellence, disciplined capital allocation and the advancement of highly accretive growth projects, particularly in copper and iron ore. Our objective is to build a business that is resilient through the cycle, competitive under different market environments and well positioned to deliver sustainable returns. Despite the uncertainties that continue to shape the global landscape, I'm very confident about Vale's future. And what gives me that confidence, it's not only the quality of our assets, but also the consistency in which our teams are executing and delivering results. Based on the strong performance in the first half of 2026, yesterday, our Board of Directors approved $1.7 billion in dividends and interest on capital to be paid in September. The Board also approved the extension of our share buyback program for up to 2.3% of our outstanding shares, reflecting our positive view on Vale's long-term outlook and our continued commitment to delivering superior returns to our shareholders. Let me now turn to the highlights of the second quarter performance. We once again delivered solid year-on-year results across all commodities, reinforcing our confidence in achieving all production guidances for the year. In the particular case of VBM, we have …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Gustavo Duarte Pimenta | Chief Executive Officer | Male | 1978 | Active |
Rogério Tavares Nogueira | Executive Vice President of Commercial & Development | Male | — | Active |
Denis Celso Marques Cuenca | Chief Compliance Officer | Male | — | Active |
Grazielle Tallia Parenti | Executive Vice President of Sustainability | Female | 1971 | Active |
Samanta Pillar | Executive Vice President of people | Female | — | Active |
Marcelo Feriozzi Bacci | Executive Vice President of Finance & Investor Relations | Male | 1970 | Active |
Sami Arap Sobrinho | Chief Legal Officer | Male | — | Active |
Carlos Henrique Senna Medeiros | Executive Vice President of Operations | Male | 1963 | Active |
Rafael Jabur Bittar | Executive Vice President of Technical | Male | 1980 | Active |
Thiago K. Lofiego | Director & Head of Investor Relations | Male | — | Active |
Cetera Investment Advisers lowered its stake in shares of Vale S.A. (NYSE: VALE) by 21.6% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,624 shares of the basic materials company's stock after selling 44,878 shares during
Wall Street analysts reshuffled their ratings on Wednesday, sending some familiar names higher while punishing others with sharp target cuts. Find out which stocks got surprise upgrades and which ones analysts are now walking away from.
VALE's Q2 call puts faster copper growth, higher iron ore costs, freight protection and disciplined payouts at the center of its 2026 agenda.
Vale remains a Buy, supported by robust Q2 revenue growth and a strengthening Base Metals segment. VALE's iron ore business provides predictability, while Base Metals—now 25% of revenue—shows 42% YoY growth and narrowed guidance. Operational challenges include rising C1 cash costs, freight expenses, and increased environmental liabilities, impacting net income and financial result volatility.
Vale NYSE: VALE said its second-quarter 2026 operating performance supported confidence in meeting annual production guidance, as higher volumes, improved price realization and gains at its base-metals operations lifted pro forma EBITDA 19% year over year to $4.1 billion.
