Filing Flows › First Majestic Silver (AG) › Q3 2026 › vs Q2 2026
First Majestic Silver (AG) Q3 2026 vs Q2 2026 (quarter over quarter)
First Majestic Silver's revenue fell $21.4M (-5%) from $415M in Q2 2026 to $394M in Q3 2026. Operating margin 38.6% against 47.5% (-8.9 pts).
First Majestic Silver, Q3 2026: revenue $394M (+38% year over year), operating margin 38.6%, net earnings $74.5M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 38.6% | 47.5% | -8.9 pts |
| Net margin | 18.9% | 26.3% | -7.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $394M | $415M | −$21.4M | -5% |
| Other income, net | $9.7M | −$3.6M | $13.3M | — |
| Operating profit | $152M | $198M | −$45.3M | -23% |
| Costs & expenses | $242M | $218M | $23.9M | +11% |
| Pre-tax earnings | $162M | $194M | −$32.0M | -16% |
| Cost of revenue | $167M | $143M | $23.8M | +17% |
| General & admin | $9.5M | $13.9M | −$4.5M | -32% |
| Other operating costs | $65.1M | $60.6M | $4.6M | +8% |
| Net earnings | $74.5M | $109M | −$34.9M | -32% |
| Minority interests | $12.1M | $16.5M | −$4.4M | -27% |
| Income tax | $75.4M | $68.1M | $7.3M | +11% |
Questions
How much did First Majestic Silver's revenue grow quarter over quarter in Q3 2026?
First Majestic Silver's revenue fell $21.4M (-5%) from $415M in Q2 2026 to $394M in Q3 2026. Operating margin 38.6% against 47.5% (-8.9 pts).