Filing Flows › McEwen (MUX) › Q2 2026 › vs Q1 2026
McEwen (MUX) Q2 2026 vs Q1 2026 (quarter over quarter)
McEwen's revenue fell $14.8M (-20%) from $74.0M in Q1 2026 to $59.2M in Q2 2026. Gross margin 33.9% against 42.5% (-8.6 pts).
McEwen, Q2 2026: revenue $59.2M (+27% year over year), operating margin 13.0%, net earnings $9.6M, operating cash flow $46.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 33.9% | 42.5% | -8.6 pts |
| Operating margin | 13.0% | 55.7% | -42.7 pts |
| Net margin | 16.2% | 45.1% | -28.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $59.2M | $74.0M | −$14.8M | -20% |
| Gross profit | $20.1M | $31.5M | −$11.4M | -36% |
| Cost of revenue | $39.2M | $42.6M | −$3.4M | -8% |
| Operating profit | $7.7M | $41.2M | −$33.5M | -81% |
| Operating expenses | $12.4M | $0 | $12.4M | — |
| Pre-tax earnings | $5.8M | $33.2M | −$27.4M | -83% |
| Other expense, net | $1.9M | $8.0M | −$6.1M | -76% |
| Income tax benefit | $3.8M | $174K | $3.6M | 22× |
| Net earnings | $9.6M | $33.4M | −$23.8M | -71% |
| Depreciation & amortization | $8.2M | $7.1M | $1.1M | +16% |
| Working capital & other | $28.4M | −$28.4M | $56.8M | — |
| Operating cash flow | $46.2M | $12.1M | $34.1M | +282% |
Questions
How much did McEwen's revenue grow quarter over quarter in Q2 2026?
McEwen's revenue fell $14.8M (-20%) from $74.0M in Q1 2026 to $59.2M in Q2 2026. Gross margin 33.9% against 42.5% (-8.6 pts).