POSCO Reports Strong Q2 Earnings, Beats Estimates

POSCO Holdings announced its second‑quarter 2026 results, showing a 16% sequential rise in operating profit to KRW 819 billion and consolidated revenue of KRW 19.3 trillion. Profit growth was driven by higher output and sales in its steel, rechargeable‑battery‑materials and energy divisions, with the steel affiliate posting KRW 270 billion operating profit. The company noted headwinds from logistics, energy costs, exchange‑rate moves and raw‑material volatility, but said the Middle‑East conflict and a weak Korean won added supply‑risk pressures.

In U.S. dollar terms, POSCO reported earnings per share of $1.30, well above the consensus $0.85 estimate, and revenue of $12.43 billion versus the $12.05 billion forecast. Shares traded around $52.98 after the release, with unusually high volume. Analysts offered mixed views, ranging from upgrades to holds and sells, leaving the consensus rating at “Hold.”