Short answer
Freeport-McMoRan (FCX) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $6.9B (down 8.1% year over year) with net income of $984M.
Q2 2026 key financials · XBRL
- Revenue
- $6.9B
- −8.1% YoY · +10.6% QoQ
- Net income
- $984M
- +27.5% YoY · +11.7% QoQ
- Operating margin
- 29.0%
- EPS (diluted)
- $0.68
- +28.3% YoY · +11.5% QoQ
Source: XBRL data from the Freeport-McMoRan (FCX) Q2 2026 10-Q on SEC EDGAR. USD.
Freeport-McMoRan Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $7.029B, down $553M YoY from $7.582B, despite copper prices up 36% to $6.17/lb
- Net income $984M vs $772M YoY; operating income $2.003B vs $2.432B
- Copper worst performer: sales 710M pounds vs 1.016B; unit net cash costs $1.97/lb vs $1.13/lb
- Operating cash flow $2.048B vs $2.195B; capital expenditures $1.104B vs $1.261B
- Outlook: 2026 operating cash flow $8.3B, capital expenditures $4.3B; Grasberg ramp-up and Middle East energy-cost volatility remain headwinds
Risk Factors
- FCPA investigation risk: PT Smelting activities under investigation for potential violations of U.S. and non-U.S. laws
- Regulatory enforcement update: SEC notified FCX on March 17, 2026 that it will not pursue enforcement action
- Legal compliance exposure: Potential noncompliance could result in fines, penalties, and equitable remedies
- Operational safety risk: Mine-safety violations and regulatory matters reported under Dodd-Frank Section 1503(a)
- Liquidity risk: New revolving credit agreement dated May 14, 2026 for FCX and PT Freeport Indonesia
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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