Revenue Growth Acceleration
Revenue rose 45.8% YoY from $5.01B to $7.31B in Q1 FY2026, reflecting significantly higher realized gold prices and/or increased production volumes compared to the prior-year period.
NEWMONT Corp /DE/ is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: NEM delivered a standout Q1 FY2026 with revenue surging 45.8% YoY to $7.31B and net income jumping 72.5% to $3.26B, driven by strong operational performance and a near-doubling of cash on hand to $8.78B.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue rose 45.8% YoY from $5.01B to $7.31B in Q1 FY2026, reflecting significantly higher realized gold prices and/or increased production volumes compared to the prior-year period.
Net income grew 72.5% YoY to $3.26B, outpacing revenue growth and indicating meaningful operating leverage; net margin expanded to approximately 44.6%, a very high level for the mining sector.
Operating cash flow nearly doubled to $3.79B (+86.4% YoY), while long-term debt was reduced by 32.3% YoY to $5.08B, significantly strengthening the balance sheet.
Revenue
$7.31B
++45.85% YoY
EPS (Basic)
$3.01
++79.17% YoY
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