GERDAU S.A. (GGB): Financial results for Q2 2026

Gerdau secured a $1.125 billion revolving credit facility from nine banks, boosting its liquidity by 29% and replacing a smaller $875 million line. The five-year facility, maturing in 2031, is for working capital and liquidity, enhancing the Brazilian steelmaker's financial flexibility.

Gerdau SA Pref (GGBR4) stock fell 5.2% to R$22.94 after Itaú BBA downgraded it to Market Perform, citing cooling steel market conditions and limited upside. Insider selling and sector-wide pressures from Chinese imports also contributed to the decline, with the stock trading near R$22-23, a range seen as more balanced by analysts.

Gerdau S.A. reported Q2 2026 net profit of R$1.466 billion (US$287 million), up 69.7% year on year, and adjusted EBITDA of R$3.430 billion (US$671.6 million), up 33.9%, according to the company. Revenue was R$18 billion (US$3.52 billion). The board approved a R$0.23 per-share dividend, totaling R$451.3 million, with North America driving stronger margins.

Gerdau S.A. (NYSE:GGB) is highlighted by hedge funds as a top NYSE penny stock. The article cites a median 1-year price target of $5.63 and notes JPMorgan raised its target to $6 and reiterated Overweight. It also says Gerdau agreed to buy Copel’s 23.03% stake in Dona Francisca Energĩ S.A. for about 150 million reais ($27 million).

Gerdau S.A. (NYSE:GGB) said it agreed to buy Companhia Paranaense de Energia’s 23.03% stake in the Dona Francisca hydro plant for an enterprise value of $29.6 million, according to the company. The deal gives Gerdau full ownership of the 125 MW plant in Brazil’s Rio Grande do Sul state and is expected to add about 30.4 MW to its self-generation capacity.

GameStop (GME) reported Q2 net income of $298.7M, up from $168.6M YoY, despite revenue falling to $790.2M. Collectibles revenue surged 57% to $356.3M, boosting gross margin to 43.7%. The company raised its full-year adjusted EBITDA outlook to over $650M and reduced long-term debt to $2.8B.