ArcelorMittal (NYSE:MT) Issues Earnings Results

02 May 2026, 15:54 by Teresa Graham · The Cerbat Gem

ArcelorMittal (NYSE:MT – Get Free Report) issued its quarterly earnings data on Thursday. The basic materials company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03, Zacks reports. The firm had revenue of $15.46 billion during the quarter, compared to analyst estimates of $17.04 billion. ArcelorMittal had a return on equity of 4.79% and a net margin of 4.71%.The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 EPS.

Here are the key takeaways from ArcelorMittal’s conference call:

EBITDA of $131/ton (up $15/ton YoY) and margins ~50% above historical averages, with underlying free cash flow (ex seasonal working capital and strategic CapEx) annualizing at >$2 billion, signalling materially stronger earnings power and cash generation potential.
ArcelorMittal is advancing EAF projects (Dunkirk, Sestao, Gijón) that it says will deliver an incremental EUR 1.8 billion of EBITDA from 2026, supported by a competitive long‑term energy contract and government backing for Dunkirk.
Management expects meaningful policy-driven upside in Europe as CBAM and the new Tariff‑Rate Quota (TRQ) from 1 July 2026 regionalize markets, reduce unfair imports, strengthen orderbooks and drive higher prices and Q2 EBITDA improvements.
Near‑term headwinds remain: imports are still elevated into Q2 ahead of the TRQ, Q1 European production was hit by maintenance, and Ukraine’s high energy costs materially depressed Q1 EBITDA; broader energy volatility (Middle East) is an ongoing downside risk.
Iron‑ore production and shipments are ramping toward full capacity (targeting ~18Mt shipments in H2) and Indian gas exposure is largely hedged, but mining profitability will be sensitive to steel prices, freight costs and seasonal logistics.

ArcelorMittal Stock Performance

Shares of MT traded down $0.34 on Friday, reaching $56.87. 2,023,120 shares of the company’s stock traded hands, compared to its average volume of 1,519,022. The company has a current ratio of 1.36, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19. The stock has a market cap of $44.08 billion, a PE ratio of 13.87, a PEG ratio of 0.48 and a beta of 1.48. The stock’s 50 day simple moving average is $57.32 and its two-hundred day simple moving average is $50.24. ArcelorMittal has a 52-week low of $29.62 and a 52-week high of $67.60.

ArcelorMittal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Friday, November 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, November 13th. ArcelorMittal’s dividend payout ratio (DPR) is presently 12.44%.

Institutional Trading of ArcelorMittal

A number of institutional investors and hedge funds have recently modified their holdings of the business. Compound Planning Inc. purchased a new stake in shares of ArcelorMittal during the fourth quarter valued at approximately $232,000. Invesco Ltd. increased its position in shares of ArcelorMittal by 239.8% during the fourth quarter. Invesco Ltd. now owns 19,785 shares of the basic materials company’s stock valued at $902,000 after acquiring an additional 13,963 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of ArcelorMittal during the fourth quarter valued at approximately $1,111,000. Mercer Global Advisors Inc. ADV increased its position in shares of ArcelorMittal by 3.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 89,543 shares of the basic materials company’s stock valued at $4,080,000 after acquiring an additional 3,036 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in ArcelorMittal in the fourth quarter worth $581,000. 9.29% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about ArcelorMittal

Here are the key news stories impacting ArcelorMittal this week:

Positive Sentiment: EU steel tariff increase could lift volumes and pricing in Europe, a potential near‑term boost to ArcelorMittal’s margins and production plans. ArcelorMittal Eyes Boost From EU’s Doubled Steel Tariffs
Positive Sentiment: Company highlighted record Liberian output and operational resilience, which supports raw‑material security and lowers unit costs — a constructive factor for medium‑term cash flow. Is Strong Q1 Resilience And Record Liberian Output Altering The Investment Case For ArcelorMittal
Positive Sentiment: Wells Fargo raised its price target (from $60 to $61) while keeping an “equal weight” rating — a modest vote of confidence that offers limited upside from current levels. Wells Fargo price target update via Benzinga
Neutral Sentiment: Q1 earnings call/transcript shows management pointing to volume resilience and cost actions but acknowledging market headwinds; watch for commentary on spreads and guidance in the full transcript. ArcelorMittal S.A. (MT) Q1 2026 Earnings Call Transcript
Neutral Sentiment: Analysts and sites (Zacks) dug into Q1 metrics — revenue grew year‑over‑year but margins and some KPIs show mixed signals; useful for model updates but not a clear direction. Here’s What Key Metrics Tell Us About ArcelorMittal (MT) Q1 Earnings
Negative Sentiment: Revenue missed expectations (reported ~$15.46B vs. ~$17.04B consensus) and net profit/earnings declined versus the prior year (EPS down to $0.75 from $1.05), raising concerns about margin pressure and demand softness. ArcelorMittal Q1 2026 results press release
Negative Sentiment: Market reaction reflects investor worry that weaker-than-expected top‑line and continuing profit slide could limit near‑term multiple expansion despite operational positives. MarketBeat Q1 coverage

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Oddo Bhf raised ArcelorMittal from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 14th. Wells Fargo & Company boosted their price objective on ArcelorMittal from $60.00 to $61.00 and gave the stock an “equal weight” rating in a report on Friday. KeyCorp assumed coverage on ArcelorMittal in a report on Wednesday, March 25th. They set a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ArcelorMittal in a research report on Friday, February 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of ArcelorMittal in a research report on Friday, February 13th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $61.07.

Read Our Latest Report on MT

ArcelorMittal Company Profile

(Get Free Report)

ArcelorMittal is a multinational steel manufacturing company formed in 2006 through the merger of Arcelor and Mittal Steel. Headquartered in Luxembourg, the company is one of the world’s largest producers of steel and operates an integrated value chain that spans raw material extraction, steelmaking, processing and distribution. Its product portfolio includes flat and long carbon steel products, coated and specialty steels, tubular products and value-added solutions tailored for sectors such as automotive, construction, household appliances, energy and packaging.

ArcelorMittal’s operations are global in scope, with production facilities, distribution networks and commercial activities across Europe, the Americas, Asia, Africa and the Commonwealth of Independent States.