Gerdau recorded a net profit of R$ 1.466 billion in the second quarter of 2026, up 69.7% from the same period last year. The growth was driven mainly by the expansion of its operations in North America.
Compared to the first quarter of this year, when the steelmaker earned R$ 1.013 billion, net profit increased by 44.7%. Net revenue reached R$ 17.871 billion between April and June, an annual rise of 2%, while steel sales grew 3% to 2.908 million metric tons.
Adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, rose 33.9% over the second quarter of 2025 to R$ 3.430 billion. Gerdau said the improved results reflected higher sales volumes, price developments, a higher value-added product mix, and operational efficiency initiatives.
North American operations
North America accounted for approximately 56% of net revenue and 74% of consolidated adjusted Ebitda in the quarter. Gerdau stated that regional operations benefited from favorable demand supported by sectors including renewable energy, data centers, and manufacturing, as well as price expansion and productivity gains.
Steel sales in North America rose 7.3% to 1.347 million metric tons. Gerdau said its order backlog for common long steel remained above 100 days, reaching its highest level since 2021.
Brazilian market performance
In Brazil, results recovered on a quarterly basis but remained below levels recorded last year. Net revenue from Brazilian operations fell 8.6% compared to the second quarter of 2025 to R$ 6.686 billion.
Compared to the first quarter, segment Ebitda grew 22%, supported by higher domestic sales, an improved product mix, and price recovery in some lines. Gerdau stated that domestic steel demand remained moderate, with civil construction showing relatively stable performance while some industrial sectors remained under pressure.
The company also highlighted that Brazilian steel imports fell more than 30% in the quarter. Despite that reduction, the share of imported products in national consumption stood at 22.5% in the first semester.
