Filing Flows › Newmont (NEM) › Q1 2026
Newmont (NEM) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
Newmont (NEM) reported revenue of $7.3B for the first quarter 2026 (Q1 2026), +46% from a year earlier and +7% from the quarter before. Operating margin was 61.1%, net earnings $3.3B (44.6% of revenue).
Newmont, Q1 2026: revenue $7.3B (+46% year over year), operating margin 61.1%, net earnings $3.3B, operating cash flow $3.8B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3B | +7% | +46% |
| Operating profit | $4.5B | +46% | +99% |
| Net earnings | $3.3B | +151% | +73% |
| Operating cash flow | $3.8B | +5% | +86% |
| Free cash flow | $3.1B | — | +161% |
What changed
Revenue was $7.3B in Q1 2026, up 46% year over year and up 7% from the previous quarter. Gold Sales from Doré Production was the largest line at 65% of revenue. Gold Sales from Doré Production added $1.6B year over year (up 53%), 72% of the total change.
Operating profit was $4.5B, a 61.1% margin (up 16.2 points year over year). Of the extra revenue versus Q1 2025, 97% reached operating profit, above the 45% margin then. Total costs grew 3% against revenue growth of 46%. The fastest-growing cost line was Other operating costs (+55%). Net earnings were $3.3B, up 73% year over year. The effective tax rate was 29.7%.
Operating cash flow was $3.8B (up 86% year over year), 114% of net earnings. Non-cash charges added back $0.63B of depreciation and amortization. After additions to property, plant and mine development ($0.64B), free cash flow as the company reports it was $3.1B.
Questions
What was Newmont's revenue in the first quarter 2026?
Newmont (NEM) reported revenue of $7.3B for the first quarter 2026 (Q1 2026), +46% from a year earlier and +7% from the quarter before.
Was Newmont profitable in the first quarter 2026?
Operating profit was $4.5B (61.1% of revenue) and net earnings $3.3B.
Source: Newmont 10-Q on SEC EDGAR.