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Q2 2026 earnings • released • EPS beat +7.25% • Revenue beat +1.69%
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CLF:NYSE
Cleveland-Cliffs Inc
$11.93
+8.85%
(+0.97) 1D
$11.99
+0.48% (+0.057)
After hours
Closed: Jul 24, 4:00:08 PM GMT-4  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for CLF...
Open
$11.33
High
$12.06
Low
$11.03
Mkt. cap
6.81B
Avg. vol.
20.83M
Volume
69.88M
52-wk high
$16.70
52-wk low
$7.73
EPS
-$1.62
Beta
2.13
Shares outstanding
570.42M
No. of employees
25K
Open
$11.33
High
$12.06
Low
$11.03
Mkt. cap
6.81B
Avg. vol.
20.83M
Volume
69.88M
52-wk high
$16.70
52-wk low
$7.73
EPS
-$1.62
Beta
2.13
Shares outstanding
570.42M
No. of employees
25K
News stories
From sources across the web
Profile
Cleveland-Cliffs Inc. is an American steel manufacturer based in Cleveland, Ohio. It specializes in the mining, beneficiation, and pelletizing of iron ore, as well as steelmaking, including stamping and tooling. The company is ranked 23rd on the list of steel producers and is the second-largest steel producer in the United States after Nucor. It is the largest flat-rolled steel producer in North America. The company is ranked 221st on the Fortune 500 and 1511th on the Forbes Global 2000. Wikipedia
About Cleveland-Cliffs Inc
CEOLourenco C. Goncalves
Employees25K
Founded1847
HeadquartersCleveland, Ohio, United States
SectorSteel
Websiteclevelandcliffs.com
Analyst ratings
Based on 10 analysts giving stock ratings to CLF in the past 3 months
Hold
Buy
2
Hold
7
Sell
1
12-month forecast
Based on 10 Wall Street analysts offering 12 month price targets for CLF in the last 3 months.
Highest
Current $11.93
$15.60 (+30.76%)
Average
$11.71 (-1.84%)
Lowest
$10.00 (-16.18%)
Analyst
Recommendation
Action
Price target
Projected
Date
Gordon Johnson
GLJ Research
Buy
Upgraded
$15.60
+30.8%
07/24/2026
Carlos De Alba
Morgan Stanley
Hold
Maintained
$12.50
+4.8%
07/24/2026
Tristan Gresser
Exane BNP Paribas
Hold
Upgraded
$11.50
-3.6%
07/24/2026
Timna Tanners
Wells Fargo
Hold
Maintained
$11.00
-7.8%
07/24/2026
Lawson Winder
Bank of America Securities
Hold
Maintained
$11.50
-3.6%
07/23/2026
Richard Garchitorena
Barclays
Sell
Maintained
$10.00
-16.2%
07/23/2026
Unknown Analyst
B. Riley Securities
Buy
Initiated
$15.00
+25.7%
07/21/2026
Bill Peterson
J.P. Morgan
Hold
Initiated
$10.00
-16.2%
07/19/2026
Alexander Hacking
Citi
Hold
Reiterated
$10.00
-16.2%
07/07/2026
Nick Cash
Goldman Sachs
Hold
Maintained
$10.00
-16.2%
07/05/2026
Unknown Analyst
Barclays
Sell
Initiated
$9.00
-24.6%
05/21/2026
Unknown Analyst
Wells Fargo
Hold
Maintained
$9.00
-24.6%
04/21/2026
Alexandra Yates
Argus Research
Hold
Maintained
-
-
04/02/2026
Samuel McKinney
KeyBanc
Hold
Initiated
-
-
03/25/2026
Last report
Jul 23, 2026
Fiscal period
Q2 2026
EPS / Est. (USD)
-$0.20 / -$0.22
+7.25%beat
Revenue / Est. (USD)
5.23B / 5.14B
+1.69%beat
Fiscal Q2 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Income statement
Revenue
Net income
All values in USD
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
4.73B
4.31B
4.92B
5.23B
Cost of goods sold
4.78B
4.52B
5.00B
5.09B
Cost of revenue
4.78B
4.52B
5.00B
5.09B
Research and development expenses
-
-
-
-
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
73.00M
78.00M
61.00M
90.00M
Operating expense
98.00M
74.00M
60.00M
114.00M
Total operating expenses
4.88B
4.59B
5.06B
5.21B
Operating income
-144.00M
-280.00M
-142.00M
18.00M
Other non operating income
-9.00M
-12.00M
-10.00M
-11.00M
EBT including unusual items
-309.00M
-439.00M
-307.00M
-152.00M
EBT excluding unusual items
-306.00M
-444.00M
-314.00M
-149.00M
Income tax expense
-78.00M
-206.00M
-81.00M
-20.00M
Effective tax rate
25.24%
46.92%
26.38%
13.16%
Other operating expenses
25.00M
-4.00M
-1.00M
24.00M
Net income
-251.00M
-243.00M
-237.00M
-145.00M
Net profit margin
-5.30%
-5.63%
-4.82%
-2.77%
Earnings per share
-0.45
-0.43
-0.40
-0.20
Interest and investment income
-
-
-
-
Interest expense
-153.00M
-152.00M
-148.00M
-156.00M
Net interest expenses
-153.00M
-152.00M
-148.00M
-156.00M
Depreciation and amortization charges
-
-
-
-
EBITDA
129.00M
-8.00M
117.00M
280.00M
Gain or loss from assets sale
-
-
-
-
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
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Type
Date
Shares
Amount
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