ArcelorMittal Q1 profit, revenue rise on higher output, prices

ArcelorMittal SA

30/04/2026 06:10

Overview

Luxembourg steel and mining firm's Q1 revenue rose 4% yr/yr to $15.5 bln

Q1 net income rose to $575 mln from $177 mln in prior quarter

Company cites improved margins and record iron ore output in Liberia as key drivers

Outlook

Company maintains 2026 capex guidance at $4.5 bln-$5.0 bln, including $1.7-$2.0 bln strategic capex

ArcelorMittal expects European policy changes to support higher capacity utilization and profitability

Company reiterates positive free cash flow outlook for 2026 and beyond

Result Drivers

NORTH AMERICA IMPROVEMENT - Higher steel prices and shipments drove improved performance in the North America segment

RECORD LIBERIA OUTPUT - Record iron ore production and shipments in Liberia supported results

EUROPEAN POLICY IMPACT - New European trade measures and CBAM expected to support higher capacity utilization and profitability

Company press release: ID:nGNE3C1TnH

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$15.46 bln
Q1 Net Income
$575 mln
Q1 EBITDA
$1.68 bln
Q1 Operating income
$753 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

Wall Street's median 12-month price target for ArcelorMittal SA is €57.00, about 16.4% above its April 29 closing price of €48.97

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)