# Steel Dynamics Q3 2026 Earnings Miss

> Steel Dynamics misses Q3 2026 EPS estimate despite 35% revenue growth.
- Title: Steel Dynamics Q3 2026 Earnings Miss | Shortify
- Summary: Steel Dynamics misses Q3 2026 EPS estimate despite 35% revenue growth. Steel Dynamics reported $5.26 EPS for Q3 2026, missing $5.52 consensus but showing 35%…
- Keywords: steel dynamics, stld, eps, revenue, net income, q3 2026, steel market, Steel, Dynamics, 2026, Earnings, Miss
- Source: Alphastreet - Earnings Decoded. Market Intelligence Delivered — https://news.alphastreet.com/steel-dynamics-stld-q3-2026-deep-dive-5-26-eps-sales-up-35
- Author: AlphaStreet Newsdesk
- Published: 2026-10-20T19:29:43+00:00
- Read time: 1 min
- Topics: steel dynamics, stld, eps, revenue, net income, q3 2026, steel market
## Q3 2026 Earnings Report
Steel Dynamics reported $5.26 EPS for Q3 2026, missing $5.52 consensus estimate by 2.6%.
## Revenue and Margin Growth
Revenue rose 35% year-over-year to $6.51B with net margin at 11.6% in Q3 2026.
## Net Income Expansion
Net income nearly doubled to $755.7M from $403.7M in Q3 2025.
## Sequential Momentum
Revenue grew for four consecutive quarters from $4.41B in Q4 2025 to $6.51B in Q3 2026.
## Segment Performance
Steel segment generated $4.35B revenue with 23.0% growth, representing two-thirds of total revenue.
## Pricing Momentum
Average selling prices per ton increased $102, driving $1 billion operating income in steel operations.

> Our steel operations generated operating income of $1 billion in the third quarter, a 43% sequential increase as average selling prices per ton increased $102.
## What to Watch
Sustainability of $102 per-ton pricing gain and steel shipment volumes at 4 million tons will determine Q4 performance.
## Key takeaway

Steel Dynamics reported $5.26 EPS for Q3 2026, missing $5.52 consensus but showing 35% year-over-year revenue growth and 11.6% net margin.