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Freeport-McMoRan Inc. FCX Q2 2026 earnings

Reported July 22, 2026 · Before market open

Revenue$7.0BBeat by $407.7M
EPS$0.68Beat by $0.08
Revenue estimate$6.6B
EPS estimate$0.60
“The Freeport team achieved strong results in the second quarter, supported by solid execution of our operating plans and favorable pricing for our products. We made steady progress with our Grasberg ramp-up and our Americas operations delivered excellent performance, which resulted in year-over-year improvements to bottom-line results, demonstrating the strength of our diversified portfolio. As we look forward, we remain focused on restoring full operations at Grasberg safely and sustainably and continuing to build momentum on initiatives across our global footprint to grow margins, cash flow and earnings. Freeport is firmly positioned as”
Kathleen Quirk

Next report

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

Financials

Q2 2026

Income statement

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Revenue$7.0B-7.3%
Gross profit$2.2B-16.9%
Operating income$2.0B-17.6%
Net income$984.0M+27.5%
EPS (diluted)$0.68+28.3%

Balance sheet

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Cash & equivalents$4.5B-6.9%
Total debt$10.4B+12.0%
Total equity$20.1B+10.4%
Total assets$59.7B+5.7%

Cash flow

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Operating cash flow$2.0B-6.7%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$99.49B+78.3%
Enterprise value$105.36B+74.3%
P/E23.8×+8.0×
P/S3.9×+1.7×

Profitability

See full
Gross margin27.1%-2.7pp
Operating margin26.8%0.0pp
Net margin16.2%+2.5pp

Returns & leverage

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Return on equity21.8%+2.1pp
Debt / equity0.5×0.0×
Current ratio2.1×-0.4×

Segments

By product

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Copper Cathode$2.6B+21.8%
Refined Copper Products$1.5B+58.2%
Copper In Concentrates$976.0M-51.8%
Molybdenum$728.0M+52.0%
Gold$640.0M-65.1%

By segment

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Rod and Refining Segment$2.2B+31.6%
Grasberg Segment$1.5B-56.6%
Atlantic Copper Smelting and Refining Segment$1.0B+25.9%
Morenci$756.0M+21.5%

FAQ

When did Freeport-McMoRan Inc. report Q2 2026 earnings?
Freeport-McMoRan Inc. (FCX) reported Q2 2026 earnings on July 22, 2026 before market open.
What were Freeport-McMoRan Inc.'s Q2 2026 revenue and EPS?
Freeport-McMoRan Inc. reported revenue of $7.0B and eps of $0.68 for Q2 2026.
Did Freeport-McMoRan Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $6.6B by $407.7M. EPS beat the consensus estimate of $0.60 by $0.08.
How did Freeport-McMoRan Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 7.3% from $7.6B a year earlier and eps grew 25.9% from $0.54.
Where can I find Freeport-McMoRan Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0000831259-26-000033) and the 10-Q periodic report (0000831259-26-000036) directly on SEC EDGAR. The filing index links above go to sec.gov.