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The latest update is out from Ternium SA ( (TX) ).
For the first quarter ended March 31, 2026, Ternium reported largely stable steel shipments at 3.7 million tons and a 4% year-on-year decline in mining shipments to 2.8 million tons, with net sales flat at $3.93 billion. Operating income more than doubled year-on-year to $290 million and adjusted EBITDA rose 21% sequentially to $479 million, lifting the margin to 12% as higher realized steel prices in core markets more than offset increased raw material and slab costs.
Net income climbed to $372 million in the quarter, supported by $132 million in deferred tax gains and despite a $48 million charge tied to an Usiminas-related litigation provision update. Ternium maintained an aggressive investment program, deploying $406 million mainly to expand its Pesquería, Mexico industrial center and closing a $315 million purchase of additional Usiminas shares, while operating cash flow reached $217 million after a working capital build and the company received $150 million from Techgen’s loan repayment, underscoring its continued push to strengthen capacity and regional positioning.
The most recent analyst rating on (TX) stock is a Buy with a $49.00 price target. To see the full list of analyst forecasts on Ternium SA stock, see the TX Stock Forecast page.
Spark’s Take on TX Stock
According to Spark, TipRanks’ AI Analyst, TX is a Neutral.
TX scores as a mid-range cyclical: financial performance is pressured by weaker revenues/margins and negative 2025 free cash flow, partially offset by a solid balance sheet. Technicals are moderately positive with stable momentum and price above key longer-term averages. Valuation is supported by a high dividend yield and a moderate P/E. Earnings call commentary points to improving EBITDA into 2026 and declining CapEx longer term, but near-term headwinds (safety incidents, below-target margins, and a likely move to modest net debt) cap the score.
To see Spark’s full report on TX stock, click here.
More about Ternium SA
Ternium S.A., listed on the NYSE, is a Latin America-focused steel producer with integrated steel and mining operations. The company manufactures a wide range of steel products and operates key industrial centers in Mexico, Brazil and the Southern Region, serving construction, industrial and automotive customers across its main regional markets.
Average Trading Volume: 224,270
Technical Sentiment Signal: Buy
Current Market Cap: $8.39B
Find detailed analytics on TX stock on TipRanks’ Stock Analysis page.