Filing Flows › Freeport-McMoRan (FCX) › Q1 2026
Freeport-McMoRan (FCX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Freeport-McMoRan (FCX) reported revenue of $6.2B for the first quarter 2026 (Q1 2026), +9% from a year earlier and +11% from the quarter before. Operating margin was 34.3%, net earnings $881M (14.1% of revenue).
Freeport-McMoRan, Q1 2026: revenue $6.2B (+9% year over year), operating margin 34.3%, net earnings $881M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.2B | +11% | +9% |
| Operating profit | $2.1B | +164% | +64% |
| Net earnings | $881M | +117% | +150% |
| Operating cash flow | $1.5B | +116% | +41% |
| Free cash flow | $522M | — | — |
What changed
Revenue was $6.2B in Q1 2026, up 9% year over year and up 11% from the previous quarter.
Operating profit was $2.1B, a 34.3% margin (up 11.5 points year over year). Of the extra revenue versus Q1 2025, 165% reached operating profit, above the 23% margin then. Total costs fell 7% while revenue rose 9%. The fastest-growing cost line was Other operating costs (+7931%). Net earnings were $0.88B, up 150% year over year. The effective tax rate was 32.0%.
Operating cash flow was $1.5B (up 41% year over year), 108% of net income including minority interests. Non-cash charges added back $0.51B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.47B. Capital expenditures of $1.0B left free cash flow of $0.52B.
Questions
What was Freeport-McMoRan's revenue in the first quarter 2026?
Freeport-McMoRan (FCX) reported revenue of $6.2B for the first quarter 2026 (Q1 2026), +9% from a year earlier and +11% from the quarter before.
Was Freeport-McMoRan profitable in the first quarter 2026?
Operating profit was $2.1B (34.3% of revenue) and net earnings $881M.
Source: Freeport-McMoRan 10-Q on SEC EDGAR.