6d agoSeeking AlphaNEUTRAL 50Earnings
Cleveland-Cliffs Inc. 2026 Q2 - Results - Earnings Call Presentation
2026-07-23. The following slide deck was published by Cleveland-Cliffs Inc.
Archived explainer. For the current picture see today's CLF page.
Why Is CLEVELAND-CLIFFS INC (CLF) Stock Up Today?
By the Top Tier Newswire AI Desk · July 23, 2026 at 9:39 AM ET · reviewed against 10 wire stories
CLEVELAND-CLIFFS INC (CLF) is up +17.42% in the latest session. Our newswire has captured 10 stories on CLF across 6 sources in the last 36 hours, with AI sentiment reading bullish (avg 59/100).
Cleveland-Cliffs Inc. (CLF) surged 17.42% to $11.10 in a volatile session driven by a stronger-than-expected third-quarter EBITDA forecast and improved steel demand, despite a slight second-quarter earnings miss. The stock opened with a 5.4% gap up and reached an intraday high of $11.25, fueled by optimism over the company's outlook and leadership changes.
What Happened
Cleveland-Cliffs reported a slightly narrower-than-expected Q2 loss and higher revenue, with steel demand continuing to improve despite global tensions. The company raised its third-quarter EBITDA guidance, which outweighed the earnings miss. The CEO highlighted strong demand trends and expressed confidence in the second half of the year. In a leadership shift, Celso Goncalves was promoted to President and CFO and appointed to the Board of Directors, signaling strategic confidence. A Form 8-K filed on July 23 disclosed the results and financial condition details. The stock's sharp rise also followed a recent insider sale by CFO Celso Goncalves on June 5.
What The Data Shows
The stock traded at $11.10, a 17.42% increase for the session, with volume reaching 6.5 million shares, or 0.4 times the 3-month daily average. The stock opened at $9.96 and reached a session high of $11.25. The 52-week range is $7.73 to $16.70. Recent unusual options activity included a notable put premium of $2.0 million. Insiders have sold $2.9 million in the last 90 days, with no buy activity. The company remains unprofitable with a trailing 12-month EPS of -2.30 and a net margin of -6.4%. Revenue increased 1.5% in the trailing 12 months.
What To Watch
Cleveland-Cliffs will continue to be under scrutiny as it moves forward with its leadership transition and executes on its improved EBITDA outlook. Investors should monitor the company’s third-quarter performance and any further guidance adjustments.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Not financial advice.
CLF by the numbers
Last: $11.10Session: +17.42%Coverage: 10 stories / 6 sourcesAI sentiment: 59/100 (bullish)Mkt cap: $5.3B52w: $7.73 to $16.70
The headlines behind the move
6d agoInvestorsHubBULLISH 63Earnings
Cleveland-Cliffs shares jump as upbeat third-quarter forecast outweighs earnings miss (NYSE:CLF)
Cleveland-Cliffs shares rose after the steelmaker issued stronger-than-expected third-quarter EBITDA guidance, offsetting a slight second-quarter earnings miss as pricing and demand continued to improve.
6d agoSeeking AlphaBULLISH 67Earnings
Cleveland-Cliffs surges as improving steel demand boosts Q2; CEO expects strong H2
Cleveland-Cliffs surges after reporting a slightly narrower-than-expected Q2 loss and higher revenue as steel demand continued to improve despite global tensions.
6d agoWSJ BusinessBULLISH 63Earnings
Cleveland-Cliffs Revenue Up on Continued Steel Demand
Cleveland-Cliffs reported higher first-quarter revenue as steel demand continued to improve despite continuing global tensions.
6d agoMarketChameleonBULLISH 63General
Cleveland-Cliffs Eyes the Future With Key Leadership Shift: Celso Goncalves Promoted to President and CFO July 23, 2026
Cleveland-Cliffs has announced a significant leadership evolution, promoting Celso Goncalves to President and CFO while appointing him to the Board of Directors. This move underscores the Board's confidence in his strategic insights and continuity for the company's next phase. Here’s what it could mean for CLF investors.
6d agoSEC 8-KNEUTRAL 50General
CLEVELAND-CLIFFS INC. (CLF) files 8-K
Filed: 2026-07-23 AccNo: 0000764065-26-000097 Size: 888 KB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
6d agoStockTitanBULLISH 59General
Cleveland-Cliffs Announces Promotion of Chief Financial Officer Celso Goncalves from Executive Vice President to President and Appointment to Board of Directors | CLF Stock News
6d agoSeeking AlphaBULLISH 68Earnings
Cleveland-Cliffs Non-GAAP EPS of -$0.20 beats by $0.02, revenue of $5.2B beats by $60M
Cleveland-Cliffs (CLF) Q2 results: Non-GAAP EPS and revenue beat, with Q3 2026 adjusted EBITDA outlook and FY 2026 guidance.
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More on CLF: full news and sentiment history. Sentiment scores are AI-derived research signals, not financial advice.
Earlier CLF move explainers: 2026-07-27 · 2026-07-24 · 2026-07-23