Filing Flows › Newmont (NEM) › Q2 2026 › vs Q1 2026
Newmont (NEM) Q2 2026 vs Q1 2026 (quarter over quarter)
Newmont's revenue fell $1.2B (-16%) from $7.3B in Q1 2026 to $6.1B in Q2 2026. The biggest changes: Sales from Concentrate and Other Production −$693M (-27%); Gold Sales from Doré Production −$496M (-10%). Operating margin 50.6% against 61.1% (-10.5 pts).
Newmont, Q2 2026: revenue $6.1B (+15% year over year), operating margin 50.6%, net earnings $2.2B, operating cash flow $2.9B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 50.6% | 61.1% | -10.5 pts |
| Net margin | 36.0% | 44.6% | -8.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Gold Sales from Doré Production | $4.3B | $4.8B | −$496M | -10% |
| Sales from Concentrate and Other Production | $1.8B | $2.5B | −$693M | -27% |
| Revenue | $6.1B | $7.3B | −$1.2B | -16% |
| Other income, net | $107M | $266M | −$159M | -60% |
| Operating profit | $3.1B | $4.5B | −$1.4B | -31% |
| Costs & expenses | $3.0B | $2.8B | $181M | +6% |
| Pre-tax earnings | $3.2B | $4.7B | −$1.5B | -32% |
| Cost of revenue | $2.1B | $1.9B | $151M | +8% |
| Research & development | $47.0M | $45.0M | $2.0M | +4% |
| General & admin | $74.0M | $79.0M | −$5.0M | -6% |
| Other operating costs | $813M | $780M | $33.0M | +4% |
| Net earnings | $2.2B | $3.3B | −$1.1B | -32% |
| Minority interests | $49.0M | $66.0M | −$17.0M | -26% |
| Income tax | $952M | $1.4B | −$452M | -32% |
| Depreciation & amortization | $604M | $632M | −$28.0M | -4% |
| Working capital & other | $118M | −$109M | $227M | — |
| Operating cash flow | $2.9B | $3.8B | −$861M | -23% |
Questions
How much did Newmont's revenue grow quarter over quarter in Q2 2026?
Newmont's revenue fell $1.2B (-16%) from $7.3B in Q1 2026 to $6.1B in Q2 2026.
What drove Newmont's revenue change in Q2 2026?
Sales from Concentrate and Other Production −$693M (-27%); Gold Sales from Doré Production −$496M (-10%).