Gerdau stock gains as Q2 2026 earnings and cash flow strengthen

Published on 09/18/2026 at 14:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gerdau stock rose 2.20 percent to USD 5.10 on September 17, 2026, closing just below its 52-week high after strong Q2 2026 earnings. The steel producer lifted adjusted EBITDA to BRL 3.4 billion and free cash flow by BRL 2.3 billion in the first half of 2026.

GGB, BRGGBRACNPR7, Illustration mit AI erstellt.

Gerdau S.A. stock (ISIN BRGGBRACNPR7) advanced to USD 5.10 on its New York Stock Exchange listing on September 17, 2026, up 2.20 percent on the day and trading near its recent 52-week high as investors reacted to stronger second-quarter 2026 earnings and cash generation.

Q2 2026 earnings mark strongest EBITDA since 2023

According to Scanx Trade on September 18, 2026, Gerdau reported consolidated adjusted EBITDA of BRL 3.4 billion for the second quarter of 2026, its strongest quarterly performance since the third quarter of 2023.

In the same Q2 2026 report, consolidated adjusted net income rose 45 percent quarter-on-quarter to BRL 1.5 billion, underlining how profitability improved faster than volumes in the period, as noted by Scanx Trade.

Free cash flow and dividends support investor case

The same Q2 2026 overview indicates that Gerdau generated a free cash flow surplus of BRL 2.3 billion in the first half of 2026 compared with the same period a year earlier, driven by EBITDA growth in North America and lower capital expenditure, according to Scanx Trade.

On the back of these results, Gerdau declared dividends of 0.23 Brazilian reals per share, while its affiliated company Metalurgica Gerdau announced payouts of 0.11 Brazilian reals per share, as highlighted by Scanx Trade, giving income-focused investors a tangible return signal alongside the operational metrics.

Stock trades near 52-week high after sector rebound

Per price data referenced by CNBC, Gerdau’s New York-listed shares (ticker GGB) last closed at USD 5.10 on September 17, 2026, up 0.11 dollars or 2.20 percent from the prior close, with around 9,525,316 shares changing hands and a 52-week trading range from USD 3.03 to USD 5.18.

The move in Gerdau coincided with a broader rebound in Latin American steel names, as The Rio Times reported that the SLX steel sector fund gained 2.05 percent to USD 108.37 on September 17, 2026, while Gerdau rose 2.20 percent to USD 5.10 and Ternium advanced 1.95 percent, signaling renewed risk appetite for long-steel producers.

Analyst positioning and valuation backdrop

According to a sector report summarized by Brasil 247 on September 17, 2026, BTG Pactual maintains a preference for Gerdau and Ternium within the steel sector, citing their lower exposure to the Brazilian domestic market and indicating valuation metrics of roughly 3.9 times enterprise value to EBITDA and about 10 percent free cash flow yield for Gerdau.

The same BTG Pactual commentary, as relayed by Brasil 247, reiterates a buy recommendation on Gerdau, indicating that the bank sees the combination of mid-single-digit EV/EBITDA and double-digit free cash flow yield as supportive for the equity story despite cyclical steel demand risks.

Closing price and investor takeaway

Gerdau stock on the New York Stock Exchange closed at USD 5.10 on September 17, 2026, in USD, with the shares sitting within 1.5 percent of their 52-week high of USD 5.18 and well above the 52-week low of USD 3.03, giving investors a picture of a recovering steel name priced near the upper end of its recent range amid improving earnings and cash flow.