Filing Flows › Freeport-McMoRan (FCX) › Q3 2026
Freeport-McMoRan (FCX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Freeport-McMoRan (FCX) reported revenue of $7.5B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +7% from the quarter before. Operating margin was 31.2%, net earnings $1.2B (15.6% of revenue).
Freeport-McMoRan, Q3 2026: revenue $7.5B (+8% year over year), operating margin 31.2%, net earnings $1.2B, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5B | +7% | +8% |
| Operating profit | $2.4B | +17% | +19% |
| Net earnings | $1.2B | +19% | +74% |
| Operating cash flow | $2.0B | -3% | +19% |
What changed
Revenue was $7.5B in Q3 2026, up 8% year over year and up 7% from the previous quarter. Copper Cathode was the largest line at 39% of revenue. Copper Cathode added $1.1B year over year (up 62%), 197% of the total change. Gold declined 56%.
Operating profit was $2.4B, a 31.2% margin (up 2.9 points year over year). Of the extra revenue versus Q3 2025, 66% reached operating profit, above the 28% margin then. Total costs grew 4% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+62%). Net earnings were $1.2B, up 74% year over year. The effective tax rate was 26.5%.
Operating cash flow was $2.0B (up 19% year over year), 117% of net income including minority interests. Non-cash charges added back $0.52B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.26B.
Questions
What was Freeport-McMoRan's revenue in the third quarter 2026?
Freeport-McMoRan (FCX) reported revenue of $7.5B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +7% from the quarter before.
Was Freeport-McMoRan profitable in the third quarter 2026?
Operating profit was $2.4B (31.2% of revenue) and net earnings $1.2B.
Source: Freeport-McMoRan 10-Q on SEC EDGAR.