ArcelorMittal's half-year report for June 30, 2026, revealed a significant revenue beat, surpassing analyst expectations.
Despite robust revenue, the company's earnings per share (EPS) of $0.89 fell short of the consensus analyst estimate of $1.18.
Following the report, Deutsche Bank raised its price target for ArcelorMittal to $75.00, indicating potential upside for the stock.
ArcelorMittal (NYSE: MT) is a leading integrated steel and mining company with a global presence. It operates across 60 countries and maintains primary steelmaking operations in 14 of them. In 2025, ArcelorMittal generated $61.40 billion in revenue and and produced 55.6 million metric tonnes of crude steel, highlighting its significant scale in the industry.
The company announced the publication of its half-year report for the period ending June 30, 2026. This key financial update is publicly available on its corporate website. It has also been filed with the U.S. Securities and Exchange Commission (SEC), providing transparency for investors and regulators.
The report details the company's recent financial performance. ArcelorMittal announced an earnings per share (EPS) of $0.89, which fell short of the consensus analyst estimate of $1.18. EPS is a measure of a company's profit allocated to each share of stock, and it is a key indicator of profitability.
Despite the lower-than-expected earnings, the company posted strong revenue of $32.25 billion. This figure significantly beat the analyst estimate of $17.56 billion. Revenue represents the total income from sales, and this strong result indicates high demand for the company's products during the period.
Following the report, Deutsche Bank raised its price target for ArcelorMittal to $75.00. At the time of the announcement, the stock price was $68.98, representing a potential upside of 8.73%. During the trading day, the stock reached a high of $70.59, showing positive market reaction to the financial results.