Gerdau stock gains 1.05 percent as Q2 EBITDA reaches BRL 3.4 billion

Published on 09/29/2026 at 09:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gerdau stock reported Q2 revenue of USD 3.45 billion against USD 3.41 billion consensus. Adjusted net income rose 45 percent quarter over quarter to BRL 1.5 billion.

Gerdau, BRGGBRACNPR8, Illustration mit AI erstellt.

Gerdau stock (ISIN BRGGBRACNPR8) closed at BRL 24.99 on B3 on September 25, 2026, gaining 1.05 percent. The latest operating update showed adjusted EBITDA of BRL 3.4 billion in the second quarter of 2026, while analysts continued to revise price targets.

EBITDA reaches a multi-year high

According to ScanX on September 18, 2026, consolidated adjusted EBITDA reached BRL 3.4 billion in Q2 2026, the company's highest level since Q3 2023. North American shipments increased 7 percent year over year, and regional adjusted EBITDA rose 15 percent from the first quarter.

The same Q2 2026 report put adjusted net income at BRL 1.5 billion, up 45 percent from the previous quarter. Gerdau also declared a dividend of BRL 0.23 per share, while its Brazilian listed affiliate Metalúrgica Gerdau declared BRL 0.11 per share, according to ScanX.

Revenue beat meets cautious backdrop

MarketBeat reported that Gerdau generated USD 3.45 billion in quarterly revenue against consensus of USD 3.41 billion, while adjusted earnings per share reached USD 0.15 in the reported quarter. The revenue comparison represents a USD 0.04 billion beat, whereas earnings per share matched expectations.

The operating mix remains important for investors. North American demand in infrastructure and data centers supported shipments, while imported steel continued to pressure Brazilian profitability, according to ScanX. The contrast explains why the consolidated EBITDA improvement is more informative than the domestic market alone.

JPMorgan lifts its target

JPMorgan maintained an Overweight rating and raised its Gerdau price target from USD 6.00 to USD 6.50, as reported by MarketBeat. UBS also raised its target from USD 5.70 to USD 6.10, while the portal listed a USD 5.57 consensus target and an overall Hold rating.

Gerdau stock holds its B3 level

Gerdau stock closed at BRL 24.99 on B3 on September 25, 2026, with a market capitalization of BRL 46.3 billion and a daily gain of 1.05 percent. The combination of a 45 percent sequential increase in adjusted net income and a higher JPMorgan target gives the stock a clear earnings and valuation checkpoint.