Filing Flows › Southern Copper (SCCO) › Q1 2026
Southern Copper (SCCO) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Southern Copper (SCCO) reported revenue of $4.3B for the first quarter 2026 (Q1 2026), +36% from a year earlier and +10% from the quarter before. Operating margin was 58.3%, net earnings $1.6B (37.1% of revenue).
Southern Copper, Q1 2026: revenue $4.3B (+36% year over year), operating margin 58.3%, net earnings $1.6B, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3B | +10% | +36% |
| Operating profit | $2.5B | +18% | +62% |
| Net earnings | $1.6B | +21% | +67% |
| Operating cash flow | $1.7B | +13% | +135% |
| Free cash flow | $1.3B | +17% | +210% |
What changed
Revenue was $4.3B in Q1 2026, up 36% year over year and up 10% from the previous quarter. Copper was the largest line at 70% of revenue. Copper added $0.55B year over year (up 23%), 49% of the total change.
Operating profit was $2.5B, a 58.3% margin (up 9.2 points year over year). Of the extra revenue versus Q1 2025, 84% reached operating profit, above the 49% margin then. Total costs grew 12% against revenue growth of 36%. The fastest-growing cost line was Cost of revenue (+14%). Net earnings were $1.6B, up 67% year over year. The effective tax rate was 36.0%.
Operating cash flow was $1.7B (up 135% year over year), 107% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization. Working capital and other items used $0.11B. Capital expenditures of $0.44B left free cash flow of $1.3B.
Questions
What was Southern Copper's revenue in the first quarter 2026?
Southern Copper (SCCO) reported revenue of $4.3B for the first quarter 2026 (Q1 2026), +36% from a year earlier and +10% from the quarter before.
Was Southern Copper profitable in the first quarter 2026?
Operating profit was $2.5B (58.3% of revenue) and net earnings $1.6B.
Source: Southern Copper 10-Q on SEC EDGAR.