Freeport-McMoran Inc. (FCX) Financials
Key financial figures for Freeport-McMoran Inc. (Q2 2026).
Freeport-McMoRan posted Q2 2026 net income of $984M ($0.68/sh GAAP, $0.74/sh adjusted) as a $6.17/lb realized copper price (+36% YoY) more than offset a 30% YoY drop in consolidated copper sales during the ongoing Grasberg Block Cave ramp-up. Revenue $7.03B (down 7% YoY from $7.58B) as Grasberg volume loss outweighed higher metal prices; GAAP net income rose 27% YoY to $984M ($0.68/sh) and adjusted net income rose 37% YoY to $1.08B ($0.74/sh), aided by a $699M pre-tax PTFI mud-rush insurance settlement collected in cash this quarter. Consolidated copper sales fell 30% YoY to 710 Mlbs (still beat FCX's own April guide of 690 Mlbs) as Indonesia sales dropped 65% YoY to 153 Mlbs; gold sales fell 76% YoY to 123 koz on the same Grasberg disruption. On the outlook: FY2026 sales guidance held at approximately 3.1 billion pounds of copper, 650 thousand ounces of gold, and 93 million pounds of molybdenum; unit net cash cost guidance improved to $1.90/lb copper (from $1.95/lb after Q1); capex guidance unchanged at approximately $4.3 billion. Q3 2026 sales are guided to 750 million pounds copper, 160 thousand ounces gold, 22 million pounds molybdenum. Figures are for Q2 2026, as Freeport-McMoRan Inc. reported them.
- Revenue
- $7.0B
- Net Income
- $1.4B
- EPS
- $0.68
- Total Assets
- $59.7B
- Operating Cash Flow
- $2.0B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $7.0B | $984M | $0.68 | 28.5% | |
| Q1 FY2026 | $6.2B | $881M | $0.61 | 34.28% | $522M |
| Q4 FY2025 | $5.6B | $406M | $0.28 | 14.4% | |
| Q3 FY2025 | $7.0B | $674M | $0.47 | 28.06% | $608M |
| Q2 FY2025 | $7.6B | $772M | $0.53 | 32.08% |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $25.7B | $2.2B | $1.52 | 24.44% | $1.1B |
| FY2024 | $25.5B | $1.9B | $1.30 | 26.97% | $2.4B |
| FY2023 | $22.7B | $1.8B | $1.28 | 26.79% | $455M |
Frequently asked questions
What was Freeport-McMoRan Inc.'s revenue last quarter?
Freeport-McMoRan Inc. reported revenue of $7.03 billion for Q2 FY2026, down 7.3% from the same period a year earlier.
Is Freeport-McMoRan Inc. profitable?
Yes. Freeport-McMoRan Inc. reported net income of $984.0 million for Q2 FY2026, a net margin of 14% on revenue.
How has Freeport-McMoRan Inc.'s margin trended?
Operating margin was 28.5% in Q2 FY2026, compared with 32.08% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
When does Freeport-McMoRan Inc. report next?
Freeport-McMoRan Inc. is scheduled to report results on 2026-10-22. The company has confirmed that date.
Full income statement, balance sheet and cash flow for Freeport-McMoran Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.