Filing Flows › Newmont (NEM) › Q2 2026 › vs Q2 2025
Newmont (NEM) Q2 2026 vs Q2 2025 (year over year)
Newmont's revenue rose $801M (+15%) from $5.3B in Q2 2025 to $6.1B in Q2 2026. The biggest changes: Gold Sales from Doré Production +$988M (+30%); Sales from Concentrate and Other Production −$187M (-9%). Operating margin 50.6% against 57.7% (-7.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 50.6% | 57.7% | -7.1 pts |
| Net margin | 36.0% | 38.8% | -2.8 pts |
| Free cash flow margin | 36.0% | 32.2% | +3.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Gold Sales from Doré Production | $4.3B | $3.3B | $988M | +30% |
| Sales from Concentrate and Other Production | $1.8B | $2.0B | −$187M | -9% |
| Revenue | $6.1B | $5.3B | $801M | +15% |
| Other income, net | $107M | $99.0M | $8.0M | +8% |
| Operating profit | $3.1B | $3.1B | $28.0M | +0.9% |
| Costs & expenses | $3.0B | $2.2B | $773M | +34% |
| Pre-tax earnings | $3.2B | $3.2B | $36.0M | +1% |
| Cost of revenue | $2.1B | $2.0B | $87.0M | +4% |
| Research & development | $47.0M | $40.0M | $7.0M | +18% |
| General & admin | $74.0M | $95.0M | −$21.0M | -22% |
| Other operating costs | $813M | $113M | $700M | +619% |
| Net earnings | $2.2B | $2.1B | $141M | +7% |
| Minority interests | $49.0M | $14.0M | $35.0M | +250% |
| Income tax | $952M | $1.1B | −$140M | -13% |
| Depreciation & amortization | $604M | $620M | −$16.0M | -3% |
| Working capital & other | $118M | −$324M | $442M | — |
| Operating cash flow | $2.9B | $2.4B | $540M | +23% |
| Free cash flow (company-reported) | $2.2B | $1.7B | $495M | +29% |
| Additions to property, plant and mine development | $719M | $674M | $45.0M | +7% |
Questions
How much did Newmont's revenue grow year over year in Q2 2026?
Newmont's revenue rose $801M (+15%) from $5.3B in Q2 2025 to $6.1B in Q2 2026.
What drove Newmont's revenue change in Q2 2026?
Gold Sales from Doré Production +$988M (+30%); Sales from Concentrate and Other Production −$187M (-9%).