NYSE$PKX

Posco - ADR · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

POSCO Holdings Q1 2026: KRW 17.9T revenue, KRW 467B net profit as battery materials and steel rebound

POSCO Holdings reported provisional Q1 2026 consolidated results on April 30, 2026, with revenue of KRW 17.876 trillion, up 2.5% from KRW 17.437 trillion a year earlier and up 6.1% quarter-over-quarter. Operating profit rose 24.3% year-over-year to KRW 707 billion (4.0% margin) and net profit attributable to controlling interest jumped 54.6% to KRW 467 billion; EPS was KRW 8,680. EBITDA was KRW 1.762 trillion. Steel revenue was KRW 14.964 trillion with operating profit KRW 345 billion, while rechargeable battery materials revenue reached KRW 979 billion and infrastructure KRW 13.859 trillion. Management signed a 50:50 JV with JSW for a 6 Mtpa integrated steel mill in India, advanced HYREX low-carbon steelmaking, and introduced a new 2026–2028 shareholder return policy targeting 35–40% of adjusted net profit.

  • Consolidated revenue KRW 17.876T (+2.5% YoY); operating profit KRW 707B (+24.3%).
  • Net profit attributable KRW 467B (+54.6%); EPS KRW 8,680.
  • Steel segment revenue KRW 14.964T; battery materials revenue KRW 979B.
  • Signed JSW JV for 6 Mtpa integrated steel mill in Odisha, India.
  • New 2026–2028 shareholder return policy targets 35–40% of adjusted net profit.

Headline financials

Total Revenue

₩17.9T

No prior period
EBITDA

₩1.76T

No prior period
Operating margin

4.0%

No prior period
Consolidated CAPEX

₩1.7T

No prior period
Net Income

₩467B

No prior period
Operating Income

₩707B

No prior period

Revenue & EPS history

Posco · Revenue · Quarterly

₩17.9T

Q1 2026
Beat estimate in 2 of 9 quarters(22%)
ActualEstimate

Revenue by segment

Posco · ₩29.8T total across 3 segments · Q1 2026

  • Steel
    ₩15T
  • Infrastructure
    ₩13.9T
  • Rechargeable Battery Materials
    ₩979B

Forward guidance

POSCO introduced a 2026–2028 shareholder return policy targeting 35–40% of adjusted net profit via dividends and buybacks, and is advancing India steel JV construction targeted for 2031 completion.

Tailwinds

  • Battery materials profitability recovery
  • Steel OP margin expansion
  • India JV for long-term growth

Headwinds

  • Net debt rose to KRW 15.364T
  • Provisional results subject to audit review

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-0.2%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.5%

Avg return

30 days after

49%

29 / 59 earnings

Positive

+6.9%

Q1 2019

Best reaction

-8.5%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.1%+7.5%-6.9%
Q4 2024-0.8%-1.9%-15.3%
Q3 2024-3.5%-0.4%-17.1%
Q4 2023+2.6%+6.1%+9.8%
Q3 2023-3.8%-7.8%+7.8%
Q2 2023-5.3%-3.6%-13.8%
Q1 2023+2.1%+1.7%-1.4%
Q4 2022-3.3%-1.8%-4.1%
Q3 2022-5.8%-4.5%+21.4%
Q2 2022-0.2%-1.9%+4.3%
Q1 2022+0.9%-1.4%-4.2%
Q4 2021+1.5%+5.4%-5.1%
Q3 2021-0.9%-1.3%-9.2%
Q2 2021-0.6%-0.7%+2.7%
Q1 2021+0.3%+5.0%+14.1%
Q4 2020+0.1%+5.1%-12.1%
Q3 2020+1.2%+6.0%+11.0%
Q2 2020+0.5%+2.6%+10.5%
Q1 2020-3.0%-2.5%+16.1%
Q4 2019+1.1%-0.7%-6.5%
Q3 2019-0.2%-1.3%-2.7%
Q2 2019+1.8%-1.0%-9.0%
Q1 2019+6.9%+9.8%-0.1%
Q4 2018-1.4%+1.0%+13.8%
Q3 2018+0.7%-7.8%-14.8%
Q2 2018-4.2%-5.2%-2.1%
Q1 2018-2.9%-2.6%+7.6%
Q4 2017+5.4%+10.1%+14.1%
Q3 2017+1.3%+1.5%+5.9%
Q2 2017+5.8%+5.0%+20.2%
Q1 2017-3.0%-5.0%-8.0%
Q4 2016+1.7%+0.2%+9.4%
Q3 2016-0.6%+0.4%-0.5%
Q2 2016+1.3%-0.1%+15.2%
Q1 2016-1.3%
Q4 2015-2.1%
Q3 2015+3.5%
Q2 2015-0.6%
Q1 2015-3.2%
Q4 2014-0.1%
Q3 2014-2.2%
Q2 2014-0.2%
Q1 2014+3.5%
Q4 2013-2.4%
Q3 2013-2.4%
Q2 2013+0.6%
Q1 2013-1.0%
Q4 2012+5.1%
Q3 2012+0.1%
Q2 2012+0.3%
Q1 2012+1.6%
Q4 2011+3.2%
Q3 2011-8.5%
Q2 2011+1.2%
Q1 2011-1.8%
Q4 2010+0.7%
Q3 2010+3.7%
Q2 2010-0.2%
Q1 2010+1.2%

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