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Freeport-McMoRan Inc. FCX Q1 2026 earnings

Reported April 23, 2026 · Before market open

Revenue$6.2BBeat by $505.0M
EPS$0.57Beat by $0.10
Revenue estimate$5.7B
EPS estimate$0.47

Next report

Oct 22, 2026 (In 2 weeks)
Revenue estimate$7.4B
EPS estimate$0.74

Financials

Q1 2026

Income statement

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Revenue$6.2B+8.8%
Gross profit$1.7B+9.9%
Operating income$2.1B+64.0%
Net income$1.4B+74.9%
EPS (diluted)$0.61+154%

Balance sheet

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Cash & equivalents$4.1B-16.1%
Total debt$10.4B+10.6%
Total equity$19.5B+10.3%
Total assets$58.8B+5.0%

Cash flow

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Operating cash flow$1.5B+41.3%
CapEx$973.0M-17.0%
Free cash flow$522.0M+558%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$84.48B+55.3%
Enterprise value$90.73B+54.1%
P/E21.3×+7.8×
P/S3.2×+1.0×

Profitability

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Gross margin28.2%-1.1pp
Operating margin27.8%+1.5pp
Net margin15%-1.2pp

Returns & leverage

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Return on equity21.4%-1.9pp
Debt / equity0.5×0.0×
Current ratio2.4×+0.1×

Segments

By product

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Copper Cathode$2.1B+1.2%
Refined Copper Products$1.5B+56.7%
Copper In Concentrates$1.1B-21.9%
Gold$692.0M+45.7%
Molybdenum$613.0M+38.7%

By segment

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Rod and Refining Segment$2.1B+26.3%
Grasberg Segment$1.1B-31.7%
Atlantic Copper Smelting and Refining Segment$969.0M+28.3%
Morenci$776.0M+34.5%

FAQ

When did Freeport-McMoRan Inc. report Q1 2026 earnings?
Freeport-McMoRan Inc. (FCX) reported Q1 2026 earnings on April 23, 2026 before market open.
What were Freeport-McMoRan Inc.'s Q1 2026 revenue and EPS?
Freeport-McMoRan Inc. reported revenue of $6.2B and eps of $0.57 for Q1 2026.
Did Freeport-McMoRan Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $5.7B by $505.0M. EPS beat the consensus estimate of $0.47 by $0.10.
How did Freeport-McMoRan Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.8% from $5.7B a year earlier and eps grew 137.5% from $0.24.
Where can I find Freeport-McMoRan Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0000831259-26-000021) and the 10-Q periodic report (0000831259-26-000025) directly on SEC EDGAR. The filing index links above go to sec.gov.