BME$MT

ArcelorMittal · Q4 2026 earnings

Q4 2026 earnings · · Before market open · Investor relations

Briefing

MT Q4 2026 — extraction skipped

ArcelorMittal filed Form 6-K (accession 0001243429-26-000028) for Q4 2026, but headline financial numerics could not be extracted automatically: cached document missing (fetch error or PDF). The row is marked as AI-processed so the queue advances; numerics will be filled by Financial Datasets on its next pass.

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Headline financials

Total Revenue

$15B

No prior period
EPS (adj)

$0.86

No prior period
Free Cash Flow

$1.73B

No prior period
Net Income

$177M

No prior period
Operating Income

$327M

No prior period

Revenue & EPS history

ArcelorMittal · Revenue · Quarterly

$15B

Q4 2026
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Revenue by segment

ArcelorMittal · $241M total across 2 segments · Q2 2025

  • Online direct-to-consumer
    $235M
  • Other (Israel retail, marketing affiliates)
    $5.98M

Forward guidance

ArcelorMittal expects global ex-China steel demand to grow in 2026, supported by trade protections, improving utilization rates, and continued strategic investments.

Tailwinds

  • Expected growth in global ex-China steel demand in 2026.
  • Improving utilization rates in Europe supported by CBAM and trade measures.
  • Mining segment expected to benefit from higher iron ore capacity.
  • Strategic projects expected to add incremental EBITDA from 2026 onward.
  • Strong liquidity position supporting capital returns and investments.

Headwinds

  • Steel pricing remains sensitive to macroeconomic conditions.
  • Higher depreciation from new assets may pressure earnings.
  • Exposure to foreign exchange volatility.
  • Capital-intensive investment program increases execution risk.
  • Geopolitical and trade policy uncertainty could impact demand.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2026

Historical avgQ4 2026

+1.4%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+2.9%

Avg return

30 days after

56%

23 / 41 earnings

Positive

+13.9%

Q3 2022

Best reaction

-10.5%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-2.8%-1.1%
Q4 2026+2.3%+4.0%
Q3 2025+3.1%+6.7%+12.9%
Q2 2025-5.6%-4.4%+2.8%
Q4 2023+5.4%-1.7%-4.9%
Q3 2023-3.6%+1.7%+11.6%
Q2 2023-1.2%+0.2%-8.3%
Q1 2023-3.4%-1.9%-4.6%
Q4 2022-1.0%+4.4%+1.9%
Q3 2022+13.9%+11.6%+12.3%
Q2 2022+4.3%-0.1%-1.1%
Q1 2022-6.1%-6.5%+10.2%
Q4 2021-10.5%-10.2%-13.1%
Q3 2021+1.6%-1.7%-5.6%
Q2 2021+2.8%+0.7%+14.1%
Q1 2021+7.0%+8.3%+7.7%
Q4 2020-2.6%+2.3%+15.0%
Q3 2020+5.7%+11.7%+50.9%
Q2 2020-5.0%-1.2%+9.7%
Q1 2020+8.7%-18.5%+10.3%
Q4 2019+11.3%+12.9%-18.9%
Q3 2019+7.5%+7.5%+13.0%
Q2 2019-5.7%-10.2%-8.6%
Q1 2019-5.6%-11.8%-21.5%
Q4 2018-7.7%-7.9%-12.2%
Q3 2018+2.5%+3.7%-7.7%
Q2 2018-0.2%-0.8%-5.1%
Q1 2018+2.9%+2.6%-6.3%
Q4 2017-1.4%-8.8%-9.2%
Q3 2017+3.1%-0.8%+11.2%
Q2 2017+1.1%-1.8%+2.6%
Q1 2017-3.5%-4.9%-9.0%
Q4 2016+11.9%+11.7%+1.6%
Q3 2016+2.1%+3.1%+26.4%
Q2 2016+5.2%+12.0%+17.1%
Q4 2015+9.9%
Q3 2015-1.5%
Q2 2015+0.8%
Q1 2015-2.6%
Q4 2014+6.3%
Q3 2013+6.6%

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