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ArcelorMittal Earnings Calls
| Release date | Apr 30, 2026 |
| EPS estimate | $0.720 |
| EPS actual | $0.750 |
| EPS Surprise | 4.17% |
| Revenue estimate | 17.044B |
| Revenue actual | 15.457B |
| Revenue Surprise | -9.31% |
| Release date | Feb 05, 2026 |
| EPS estimate | $0.560 |
| EPS actual | $0.86 |
| EPS Surprise | 53.57% |
| Revenue estimate | 16.21B |
| Revenue actual | 14.971B |
| Revenue Surprise | -7.64% |
| Release date | Nov 06, 2025 |
| EPS estimate | $0.580 |
| EPS actual | $0.620 |
| EPS Surprise | 6.90% |
| Revenue estimate | 15.597B |
| Revenue actual | 15.657B |
| Revenue Surprise | 0.385% |
| Release date | Jul 31, 2025 |
| EPS estimate | $1.33 |
| EPS actual | $1.32 |
| EPS Surprise | -0.752% |
| Revenue estimate | 15.877B |
| Revenue actual | 15.926B |
| Revenue Surprise | 0.308% |
Last 4 Quarters for ArcelorMittal
Below you can see how MT performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 31, 2025 |
| Price on release | $31.63 |
| EPS estimate | $1.33 |
| EPS actual | $1.32 |
| EPS surprise | -0.752% |
| Date | Price |
|---|---|
| Jul 25, 2025 | $33.65 |
| Jul 28, 2025 | $33.09 |
| Jul 29, 2025 | $32.99 |
| Jul 30, 2025 | $32.46 |
| Jul 31, 2025 | $31.63 |
| Aug 01, 2025 | $30.95 |
| Aug 04, 2025 | $30.39 |
| Aug 05, 2025 | $31.04 |
| Aug 06, 2025 | $31.67 |
| 4 days before | -6.00% |
| 4 days after | 0.126% |
| On release day | -2.15% |
| Change in period | -5.88% |
| Release date | Nov 06, 2025 |
| Price on release | $37.86 |
| EPS estimate | $0.580 |
| EPS actual | $0.620 |
| EPS surprise | 6.90% |
| Date | Price |
|---|---|
| Oct 31, 2025 | $38.09 |
| Nov 03, 2025 | $38.17 |
| Nov 04, 2025 | $36.91 |
| Nov 05, 2025 | $37.42 |
| Nov 06, 2025 | $37.86 |
| Nov 07, 2025 | $39.16 |
| Nov 10, 2025 | $39.58 |
| Nov 11, 2025 | $39.94 |
| Nov 12, 2025 | $40.72 |
| 4 days before | -0.604% |
| 4 days after | 7.55% |
| On release day | 3.43% |
| Change in period | 6.90% |
| Release date | Feb 05, 2026 |
| Price on release | $57.24 |
| EPS estimate | $0.560 |
| EPS actual | $0.86 |
| EPS surprise | 53.57% |
| Date | Price |
|---|---|
| Jan 30, 2026 | $53.97 |
| Feb 02, 2026 | $56.51 |
| Feb 03, 2026 | $56.67 |
| Feb 04, 2026 | $55.98 |
| Feb 05, 2026 | $57.24 |
| Feb 06, 2026 | $61.30 |
| Feb 09, 2026 | $62.08 |
| Feb 10, 2026 | $63.09 |
| Feb 11, 2026 | $66.65 |
| 4 days before | 6.06% |
| 4 days after | 16.44% |
| On release day | 7.09% |
| Change in period | 23.49% |
| Release date | Apr 30, 2026 |
| Price on release | $57.21 |
| EPS estimate | $0.720 |
| EPS actual | $0.750 |
| EPS surprise | 4.17% |
| Date | Price |
|---|---|
| Apr 24, 2026 | $59.71 |
| Apr 27, 2026 | $59.03 |
| Apr 28, 2026 | $57.90 |
| Apr 29, 2026 | $55.92 |
| Apr 30, 2026 | $57.21 |
| May 01, 2026 | $56.85 |
| May 04, 2026 | $55.39 |
| May 05, 2026 | $58.18 |
| May 06, 2026 | $63.09 |
| 4 days before | -4.19% |
| 4 days after | 10.28% |
| On release day | -0.629% |
| Change in period | 5.66% |
ArcelorMittal Earnings Call Transcript Summary of Q1 2026
ArcelorMittal reported structurally stronger performance in Q1 2026, with EBITDA of $131/tonne (up $15/tonne YoY) and underlying free cash flow annualizing at over $2 billion excluding seasonal working capital and strategic growth CapEx. Management emphasised continued safety improvements driven by analytics/AI, and reiterated disciplined capital allocation focused on high-return projects including EAF conversions (Dunkirk, Sestao, Gijon). The company expects the stronger price environment seen in recent months to be more visible in Q2, and outlined an incremental $1.8 billion EBITDA contribution from strategic EAF projects from 2026 onwards. Management highlighted that trade policy developments in Europe (CBAM and the new Tariff Rate Quota effective 1 July 2026) are materially improving the regional market structure by reducing unfair imports and supporting higher prices, order books, and domestic customer engagement. Operationally: Europe should see higher shipments as maintenance restarts and furnaces ramp; North America continues to strengthen (Calvert EAF ramping); India is hedged on gas and expected to perform well; Ukraine was a drag in Q1 due to high energy costs but should improve in Q2. The balance sheet remains strong, capital returns (dividends and buybacks) are a priority under the stated policy, and management expects to be free cash flow positive for the year with potential to resume above-minimum returns to shareholders.
