Filing Flows › First Majestic Silver (AG) › Q2 2026 › vs Q1 2026
First Majestic Silver (AG) Q2 2026 vs Q1 2026 (quarter over quarter)
First Majestic Silver's revenue fell $61.2M (-13%) from $477M in Q1 2026 to $415M in Q2 2026. Operating margin 47.5% against 49.7% (-2.2 pts).
First Majestic Silver, Q2 2026: revenue $415M (+57% year over year), operating margin 47.5%, net earnings $109M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 47.5% | 49.7% | -2.2 pts |
| Net margin | 26.3% | 26.9% | -0.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $415M | $477M | −$61.2M | -13% |
| Operating profit | $198M | $237M | −$39.5M | -17% |
| Costs & expenses | $218M | $240M | −$21.7M | -9% |
| Pre-tax earnings | $194M | $241M | −$47.0M | -20% |
| Other expense, net | $3.6M | −$4.0M | $7.6M | — |
| Cost of revenue | $143M | $154M | −$10.5M | -7% |
| General & admin | $13.9M | $15.6M | −$1.6M | -11% |
| Other operating costs | $60.6M | $70.1M | −$9.5M | -14% |
| Net earnings | $109M | $128M | −$18.7M | -15% |
| Minority interests | $16.5M | $19.4M | −$2.9M | -15% |
| Income tax | $68.1M | $93.5M | −$25.4M | -27% |
Questions
How much did First Majestic Silver's revenue grow quarter over quarter in Q2 2026?
First Majestic Silver's revenue fell $61.2M (-13%) from $477M in Q1 2026 to $415M in Q2 2026. Operating margin 47.5% against 49.7% (-2.2 pts).