Filing Flows › McEwen (MUX) › Q2 2026
McEwen (MUX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
McEwen (MUX) reported revenue of $59.2M for the second quarter 2026 (Q2 2026), +27% from a year earlier and -20% from the quarter before. Operating margin was 13.0%, net earnings $9.6M (16.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.2M | -20% | +27% |
| Gross profit | $20.1M | -36% | +64% |
| Operating profit | $7.7M | -81% | — |
| Net earnings | $9.6M | -71% | +216% |
| Operating cash flow | $46.2M | +282% | 97× |
What changed
Revenue was $59.2M in Q2 2026, up 27% year over year and down 20% from the previous quarter.
Gross margin was 33.9%, up 7.6 points from Q2 2025. Operating profit was $7.7M, a 13.0% margin (up 20.2 points year over year). Operating expenses fell 21% while revenue rose 27%. The fastest-growing cost line was General & admin (+57%). Net earnings were $9.6M, up 216% year over year. The effective tax rate was -65.9%.
Operating cash flow was $46.2M (up 9570% year over year), 481% of net earnings. Non-cash charges added back $8.2M of depreciation and amortization. Working capital and other items added $28.4M.
Questions
What was McEwen's revenue in the second quarter 2026?
McEwen (MUX) reported revenue of $59.2M for the second quarter 2026 (Q2 2026), +27% from a year earlier and -20% from the quarter before.
Was McEwen profitable in the second quarter 2026?
Operating profit was $7.7M (13.0% of revenue) and net earnings $9.6M.
Source: McEwen 10-Q on SEC EDGAR.