On July 28, Nucor rose 3.1% in regular trading, trading at $262.185/share, with turnover of $84.85 million. The rally was driven by the company's Q2 earnings release, which exceeded market expectations on both top and bottom lines.

Nucor reported Q2 adjusted earnings of $4.84 per diluted share, surpassing the FactSet consensus estimate of $4.46 and representing an approximately 86% increase from $2.60-$2.68 in the year-ago period. Revenue came in at $10.40 billion, above the $10.15 billion estimate, reflecting roughly 23% year-over-year growth. Notably, actual results also exceeded the company's own June guidance range of $4.50-$4.60 per share, which had already been well above the then-consensus of $4.21. The company further indicated it expects Q3 consolidated earnings to be higher than Q2, reinforcing the growth trajectory supported by improved pricing across steel mills and raw materials segments, reshoring demand, infrastructure spending, and AI datacenter capital expenditure.

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