Filing Flows › Hecla Mining (HL) › Q2 2026 › vs Q1 2026
Hecla Mining (HL) Q2 2026 vs Q1 2026 (quarter over quarter)
Hecla Mining's revenue fell $77.6M (-19%) from $411M in Q1 2026 to $334M in Q2 2026. Gross margin 53.9% against 61.6% (-7.7 pts).
Hecla Mining, Q2 2026: revenue $334M (+52% year over year), operating margin 43.6%, net earnings $118M, operating cash flow $175M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 53.9% | 61.6% | -7.7 pts |
| Operating margin | 43.6% | 54.2% | -10.6 pts |
| Net margin | 35.3% | -4.6% | +39.9 pts |
| Free cash flow margin | 40.7% | 37.7% | +3.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $334M | $411M | −$77.6M | -19% |
| Gross profit | $180M | $253M | −$73.5M | -29% |
| Cost of revenue | $154M | $158M | −$4.1M | -3% |
| Operating profit | $146M | $223M | −$77.4M | -35% |
| Operating expenses | $34.1M | $30.1M | $4.0M | +13% |
| Pre-tax earnings | $137M | $31.9M | $105M | +329% |
| Other expense, net | $9.1M | $191M | −$182M | -95% |
| General & admin | $15.2M | $15.8M | −$580K | -4% |
| Other operating costs | $18.9M | $14.4M | $4.5M | +31% |
| Net earnings | $118M | −$19.0M | $137M | — |
| Income tax | $18.8M | $50.9M | −$32.1M | -63% |
| Depreciation & amortization | $36.9M | $34.5M | $2.4M | +7% |
| Share-based compensation | $3.3M | $2.8M | $513K | +18% |
| Working capital & other | $16.8M | $176M | −$159M | -90% |
| Operating cash flow | $175M | $194M | −$19.3M | -10% |
| Free cash flow (OCF − capex) | $136M | $155M | −$19.2M | -12% |
| Capital expenditures | $39.1M | $39.3M | −$123K | -0.3% |
Questions
How much did Hecla Mining's revenue grow quarter over quarter in Q2 2026?
Hecla Mining's revenue fell $77.6M (-19%) from $411M in Q1 2026 to $334M in Q2 2026. Gross margin 53.9% against 61.6% (-7.7 pts).