# Cleveland-Cliffs (CLF) — Earnings

CLF · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/clf/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | −$0.20 |
| EPS estimate | −$0.21 |
| EPS surprise | +4.03% |
| Revenue surprise | +1.56% |
| Revenue | $5.2B |
| Revenue estimate | $5.1B |
| Reported | Jul 23, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/764065/000076406526000100/clf-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/0015c3e8-e314-99da-6bb2-b3c83d2608b3.html) |

Cleveland-Cliffs reported Q2 2026 results on July 23, 2026, with a loss of $0.20 per share. That was slightly better than the expected loss of $0.21, a 4.03% beat. Revenue of about $5.2 billion beat the $5.1 billion consensus by 1.56%. The loss narrowed from $0.50 per share in Q2 2025, and revenue rose from about $4.9 billion.

The table shows a long slide from profit into losses. Annual EPS fell from $2.65 in 2022 to $1.03 in 2023, then turned to losses of $0.72 in 2024 and $2.30 in 2025. Every quarter since Q3 2024 has been a loss, the deepest at $0.92 in Q1 2025. Losses have narrowed in each quarter since then, and the first half of 2026 adds up to a loss of $0.60 per share, against $1.42 a year earlier. Quarterly revenue ranged from about $4.3 billion to $6.3 billion in the table. Cleveland-Cliffs beat EPS estimates 9 times in the last 20 quarters.

Cleveland-Cliffs reported Q3 between October 20 and November 4 over the past five years, most often in the second half of October. That points to late October 2026 for the next report. It will show whether the narrowing of losses continues.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 23, 2026 | −$0.21 | −$0.20 | 4.03% | $5.1B | $5.2B |
| Q1 2026 | Apr 20, 2026 | −$0.43 | −$0.40 | 6.28% | $4.8B | $4.9B |
| Q4 2025 | Feb 9, 2026 | −$0.62 | −$0.43 | 30.78% | $4.6B | $4.3B |
| Q3 2025 | Oct 20, 2025 | −$0.45 | −$0.45 | -0.04% | $4.9B | $4.7B |
| Q2 2025 | Jul 21, 2025 | −$0.71 | −$0.50 | 30.00% | $4.9B | $4.9B |
| Q1 2025 | May 7, 2025 | −$0.82 | −$0.92 | -12.73% | $4.6B | $4.6B |
| Q4 2024 | Feb 24, 2025 | −$0.61 | −$0.68 | -11.29% | $4.4B | $4.3B |
| Q3 2024 | Nov 4, 2024 | −$0.30 | −$0.33 | -8.37% | $4.7B | $4.6B |
| Q2 2024 | Jul 22, 2024 | −$0.01 | $0.11 | 2029.82% | $5.2B | $5.1B |
| Q1 2024 | Apr 22, 2024 | $0.22 | $0.18 | -17.92% | $5.3B | $5.2B |
| Q4 2023 | Jan 29, 2024 | −$0.05 | −$0.05 | -6.61% | $5.2B | $5.1B |
| Q3 2023 | Oct 23, 2023 | $0.43 | $0.52 | 21.16% | $5.6B | $5.6B |
| Q2 2023 | Jul 24, 2023 | $0.69 | $0.67 | -2.95% | $5.8B | $6.0B |
| Q1 2023 | Apr 24, 2023 | −$0.20 | −$0.11 | 43.99% | $5.2B | $5.3B |
| Q4 2022 | Feb 13, 2023 | −$0.35 | −$0.41 | -18.84% | $5.2B | $5.0B |
| Q3 2022 | Oct 25, 2022 | $0.49 | $0.29 | -40.91% | $5.8B | $5.7B |
| Q2 2022 | Jul 22, 2022 | $1.32 | $1.27 | -4.10% | $6.1B | $6.3B |
| Q1 2022 | Apr 22, 2022 | $1.46 | $1.50 | 2.49% | $5.4B | $6.0B |
| Q4 2021 | Feb 11, 2022 | $2.11 | $1.69 | -19.79% | $5.7B | $5.3B |
| Q3 2021 | Oct 22, 2021 | $2.22 | $2.33 | 4.78% | $5.6B | $6.0B |

## Frequently Asked Questions

### When did Cleveland-Cliffs (CLF) last report earnings?

Cleveland-Cliffs last reported on Jul 23, 2026, covering fiscal Q2 2026.

### Did CLF beat earnings estimates?

Yes. Cleveland-Cliffs reported EPS of −$0.20 for Q2 2026 against a −$0.21 estimate — a 4.03% beat.

### How much revenue did CLF report last quarter?

Cleveland-Cliffs reported $5.2B in revenue for Q2 2026, against a consensus estimate of $5.1B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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Data provided by [AInvest](https://www.ainvest.com).