EarningsQ2 2026 Earnings Report
MX:TX Q2 2026 EPS Results
Actual EPS$31.78
Consensus EPS$21.67
Beat/MissBeat by +$10.12
One Year Ago EPS$23.25
MX:TX Q2 2026 Revenue Results
Actual Revenue$78.07B
Expected Revenue$80.07B
Beat/MissMissed by -$1.99B
YoY Revenue Growth+12.34%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MX:TX Upcoming Earnings
Ternium SA's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:TX Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial trajectory: strong sequential EBITDA growth, significant year‑over‑year improvement in first-half results, shipment recovery in Mexico, progress on strategic projects (Pesqueria) and customer recognitions. Offsetting points include a sizeable working capital build that turned net cash into net debt, foreign exchange and tax-related financial headwinds, ongoing trade uncertainty (Section 232) and the fact that Pesqueria's full benefits will be realized only after a multi‑quarter ramp-up. On balance, the positive improvements in profitability, clear path to lower CapEx and management's commitment to shareholder returns outweigh short-term cash and trade challenges.Company Guidance
Strong Sequential EBITDA Recovery
Adjusted EBITDA rose 50% sequentially in Q2 2026, with adjusted EBITDA margin expanding to 16.5% from 12.2% in Q1; steel cash operating income increased by $204 million sequentially.
Robust First-Half Year-over-Year Performance
For the first half of 2026, adjusted EBITDA was $1.2 billion, up 65% year-over-year, with EBITDA margin expanding to 14% from 9% a year earlier; net income for H1 was $837 million and shareholders' earnings per ADS were $2.84 (almost double prior year).
Volume Recovery and Market Share Gains in Mexico
Consolidated steel shipments increased 4% sequentially in Q2; Mexico volumes rose driven by commercial market restocking, stronger trade defenses and share gains versus imports.
Pesqueria Expansion Progress and Lower Future CapEx
Pesqueria downstream lines continue to ramp and the new slab facility is on track for start-up early 2027, positioning the company for a more integrated North American market; management expects 2026 CapEx of $1.6 billion with CapEx moderating to around $1.2 billion in 2027 (roughly a 25% decline).
Operational Improvements and Customer Recognitions in Brazil and Mexico
Usiminas improved profitability through better industrial performance, strict cost control and productivity gains (including completion of pulverized injection project), while Ternium received multiple supplier awards (Caterpillar Supplier Excellence 4th year, Trinity Premier Supplier, GM Supplier of the Year, Honda Gold Best Supplier), signaling strong customer positioning.
Positive Outlook on Near-Term Performance and Capital Allocation
Management expects adjusted EBITDA to increase sequentially in Q3 driven by higher shipments and margin expansion; company reiterated commitment to shareholder returns and noted possibility to increase dividends if improved results are sustained.
MX:TX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed