Q3 25 EPS
$2.63
BEAT +22.01%
Est. $2.16
Q3 25 Revenue
$8.52B
BEAT +4.49%
Est. $8.15B
vs S&P Since Q3 25
+53.8%
BEATING MARKET
NUE +58.7% vs S&P +4.9%
Market Reaction
Did NUE Beat Earnings? Q3 2025 Results
Nucor posted a strong third quarter of 2025, clearing Wall Street's bar by a wide margin as the steelmaker earned $2.63 per diluted share against a consensus estimate of $2.16, a beat of 22.01%, on revenue of $8.52 billion that topped expectations by… Read more Nucor posted a strong third quarter of 2025, clearing Wall Street's bar by a wide margin as the steelmaker earned $2.63 per diluted share against a consensus estimate of $2.16, a beat of 22.01%, on revenue of $8.52 billion that topped expectations by 4.49% and grew 14.5% year-over-year. Net earnings attributable to stockholders reached $607 million, more than double the $250 million Nucor reported in the same period a year ago, with the steel mills segment as the primary engine, generating $793 million in pre-tax earnings and benefiting from record rebar shipments that rose 14% year-over-year. A meaningful 11% decline in steel imports year-to-date, reinforced by favorable Section 232 tariff policy and a September CORE trade case determination, provided tangible pricing support across the portfolio. Shares rose in after-hours trading following the release, though management tempered enthusiasm by guiding Q4 earnings lower, citing fewer shipping days, softer sheet mill pricing, and planned outages at both direct reduced iron facilities.
Key Takeaways
- • Record rebar shipments in Q3 2025
- • Strong mill backlogs at approximately 3.5 million tons at end of Q3 (30% higher year-over-year)
- • Steel imports down 11% year-to-date, with sheet imports down 35%
- • Strengthened Section 232 tariffs reducing unfairly traded imports
- • Double-digit year-to-date growth in joist and deck shipments
- • Steel mills utilization at 85%
- • Bar shipments up 14% year-over-year, structural up 21%, plate up 37%
- • Joist and deck shipments up 50% year-over-year, rebar fabrication up 28%
NUE YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
“We continue to execute on Nucor's strategy of growing our core steelmaking capabilities, while expanding into downstream, steel-adjacent businesses. During the third quarter, we began ramping up production at two recently completed bar mill projects, advanced our sheet steel production and coating projects, and commenced pole production at our Alabama Towers & Structures facility. Throughout a period of capital investment, Nucor continues to have the strongest balance sheet of any major steel producer in North America and has returned nearly $1 billion to shareholders year-to-date, representing more than 70% of net earnings through the third quarter.”
— Leon Topalian, Q3 2025 Earnings Press Release
NUE Earnings Trends
NUE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
NUE EPS Trend
Earnings per share: estimate vs actual
NUE Revenue Trend
Quarterly revenue: estimate vs actual
NUE Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $3.23 | — | $9.50B | +7.14% |
| Q4 25 MISS FY | $2.14 | $1.73 | -19.16% | $7.69B | -1.43% |
| FY Full Year | $7.73 | $7.71 | -0.29% | $32.49B | -0.34% |
| Q3 25 BEAT | $2.16 | $2.63 | +22.01% | $8.52B | +4.49% |
| Q2 25 MISS | $2.70 | $2.60 | -3.70% | $8.46B | -0.27% |
| Q1 25 BEAT | $0.61 | $0.77 | +26.71% | $7.83B | +7.39% |