FREEPORT-MCMORAN INC is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: FCX delivered a strong Q1 FY2026 with revenue rising 8.8% YoY to $6.23B and operating income surging 64% to $2.14B, driven by significantly improved margins and robust operating cash flow of $1.50B.
Drawn from management commentary in the Q1 2026 10-Q:
FCX's Q1 FY2026 revenue increased 8.8% YoY to $6.23B from $5.73B, suggesting improved copper and gold price realizations contributed meaningfully to top-line growth despite relatively modest volume changes.
Operating margin expanded approximately 11.5 percentage points YoY to 34.3% from 22.7%, reflecting operating leverage as revenue growth outpaced cost increases, with operating income jumping 64% to $2.14B.
Cost of revenue rose 8.5% YoY to $4.58B, slightly below the 8.8% revenue growth rate, indicating modest improvement in cost efficiency and contributing to gross profit expansion.
Revenue
$6.23B
++8.83% YoY
EPS (Basic)
$0.61
++154.17% YoY
Operating Income
$2.14B
++64.01% YoY
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