Gerdau Posts Strong 1Q26 EBITDA, Launches Low-Carbon Line Amid Brazilian Import Pressure
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Gerdau SA ( (GGB) ) has shared an update.
On April 28, 2026, Gerdau reported its first-quarter 2026 results, highlighting strong performance in North America and competitive headwinds in Brazil from high steel imports and seasonality. The company launched the Gerdau NewEco low-carbon product line and started up the Barro Alto Solar Complex in Goiás, reinforcing its decarbonization and cost-competitiveness strategy.
Adjusted EBITDA reached R$ 3.0 billion, up 25% quarter-on-quarter and the best first-quarter figure since 2022, with consolidated leverage at 0.74x ND/EBITDA and positive free cash flow despite typically heavier working-capital needs. Gerdau invested R$ 1.1 billion in capex, advanced a share buyback program, and signaled modest margin recovery in Brazil and further margin growth in North America in 2026, while monitoring trade defense measures and demand trends across key sectors.
The most recent analyst rating on (GGB) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on Gerdau SA stock, see the GGB Stock Forecast page.
Spark’s Take on GGB Stock
According to Spark, TipRanks’ AI Analyst, GGB is a Neutral.
The score is driven primarily by mixed financial performance: improved top-line and a solid balance sheet are outweighed by sharply weaker margins and weaker cash conversion. The latest earnings call adds modest support via lower 2026 CapEx, conservative leverage and buybacks, while technical indicators and valuation are broadly neutral rather than strong positives.
To see Spark’s full report on GGB stock, click here.
More about Gerdau SA
Gerdau S.A. is a Brazilian steel producer with operations in Brazil, North America and South America, focused on long and flat steel products for construction, industrial, automotive and infrastructure markets. The company also advances renewable energy and mining projects to support competitiveness and sustainability across its steel value chain.
Average Trading Volume: 21,267,376
Technical Sentiment Signal: Buy
Current Market Cap: $8.07B
Find detailed analytics on GGB stock on TipRanks’ Stock Analysis page.
