Filing Flows › Southern Copper (SCCO) › Q2 2026
Southern Copper (SCCO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Southern Copper (SCCO) reported revenue of $4.3B for the second quarter 2026 (Q2 2026), +41% from a year earlier and +0.9% from the quarter before. Operating margin was 61.2%, net earnings $1.7B (38.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3B | +0.9% | +41% |
| Operating profit | $2.6B | +6% | +65% |
| Net earnings | $1.7B | +6% | +72% |
| Operating cash flow | $2.0B | +17% | +104% |
| Free cash flow | $1.6B | +25% | +111% |
What changed
Revenue was $4.3B in Q2 2026, up 41% year over year and up 1% from the previous quarter. Copper was the largest line at 73% of revenue. Copper added $0.86B year over year (up 38%), 69% of the total change.
Operating profit was $2.6B, a 61.2% margin (up 9.1 points year over year). Of the extra revenue versus Q2 2025, 84% reached operating profit, above the 52% margin then. Total costs grew 14% against revenue growth of 41%. The fastest-growing cost line was Cost of revenue (+15%). Net earnings were $1.7B, up 72% year over year. The effective tax rate was 36.1%.
Operating cash flow was $2.0B (up 104% year over year), 119% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization. Capital expenditures of $0.42B left free cash flow of $1.6B.
Questions
What was Southern Copper's revenue in the second quarter 2026?
Southern Copper (SCCO) reported revenue of $4.3B for the second quarter 2026 (Q2 2026), +41% from a year earlier and +0.9% from the quarter before.
Was Southern Copper profitable in the second quarter 2026?
Operating profit was $2.6B (61.2% of revenue) and net earnings $1.7B.
Source: Southern Copper 10-Q on SEC EDGAR.