ArcelorMittal powers ahead as sales jump 8.4% to $16.8 billion

• ArcelorMittal reported second-quarter 2026 sales of $16.8 billion, up 8.4% from the previous quarter.
• EBITDA reached $2.1 billion, while net income was $683 million.
• The company maintained its 2026 investment plan and expects projects to add about $1.8 billion in EBITDA.

ArcelorMittal (NYSE:MT) reported second-quarter 2026 sales of $16.8 billion, up 8.4% quarter over quarter, with EBITDA of $2.1 billion as margins improved.

The company’s net income increased to $683 million from $575 million in the first quarter of 2026, but declined from $1.8 billion in the second quarter of 2025.

ArcelorMittal reported EBITDA per tonne of $155 in Q2 2026, while first-half sales increased 4.9% year over year to $32.2 billion and EBITDA rose 8.8% to $3.7 billion, despite higher foreign exchange losses and net interest costs affecting net income.

ArcelorMittal expects 2026 shareholder returns to exceed its policy minimum.

Net debt increased to $9.5 billion from $7.9 billion at the end of 2025, while liquidity stood at $10.4 billion and the company returned $700 million to shareholders during the first half of 2026.

Meanwhile, ArcelorMittal generated $500 million in underlying free cash flow during the first half of 2026 after $800 million in strategic growth capital expenditure and maintained its 2026 capex plan of $4.5–$5 billion.