Filing Flows › Southern Copper (SCCO) › Q2 2026 › vs Q2 2025
Southern Copper (SCCO) Q2 2026 vs Q2 2025 (year over year)
Southern Copper's revenue rose $1.2B (+41%) from $3.1B in Q2 2025 to $4.3B in Q2 2026. The biggest changes: Copper +$857M (+38%); Silver +$174M (+86%); Molybdenum +$121M (+34%). Operating margin 61.2% against 52.0% (+9.1 pts).
Southern Copper, Q2 2026: revenue $4.3B (+41% year over year), operating margin 61.2%, net earnings $1.7B, operating cash flow $2.0B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 61.2% | 52.0% | +9.1 pts |
| Net margin | 38.9% | 31.9% | +7.0 pts |
| Free cash flow margin | 36.5% | 24.3% | +12.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Copper | $3.1B | $2.3B | $857M | +38% |
| Molybdenum | $476M | $355M | $121M | +34% |
| Silver | $376M | $202M | $174M | +86% |
| Other | $168M | $112M | $56.4M | +50% |
| Zinc | $152M | $123M | $29.1M | +24% |
| Revenue | $4.3B | $3.1B | $1.2B | +41% |
| Operating profit | $2.6B | $1.6B | $1.0B | +65% |
| Costs & expenses | $1.7B | $1.5B | $202M | +14% |
| Pre-tax earnings | $2.6B | $1.6B | $1.1B | +69% |
| Cost of revenue | $1.4B | $1.2B | $178M | +15% |
| SG&A | $35.3M | $32.5M | $2.8M | +9% |
| Other operating costs | $241M | $220M | $21.2M | +10% |
| Net earnings | $1.7B | $973M | $697M | +72% |
| Minority interests | $4.6M | $3.3M | $1.3M | +39% |
| Income tax | $945M | $576M | $369M | +64% |
| Depreciation & amortization | $226M | $206M | $19.8M | +10% |
| Working capital & other | $92.5M | −$203M | $295M | — |
| Operating cash flow | $2.0B | $977M | $1.0B | +104% |
| Free cash flow (OCF − capex) | $1.6B | $741M | $825M | +111% |
| Capital expenditures | $423M | $236M | $187M | +79% |
Questions
How much did Southern Copper's revenue grow year over year in Q2 2026?
Southern Copper's revenue rose $1.2B (+41%) from $3.1B in Q2 2025 to $4.3B in Q2 2026.
What drove Southern Copper's revenue change in Q2 2026?
Copper +$857M (+38%); Silver +$174M (+86%); Molybdenum +$121M (+34%).