Freeport-McMoRan Q2 FY26 net income rises 27.46% to $984 million; revenue falls 7.29% to $7.03 billion

FCX•2026-07-23

Freeport posted Q2 net income attributable to common stockholders of USD 984 million, up 27.46%; EPS rose to USD 0.68 from USD 0.53.
Revenue fell 7.29% to USD 7.03 billion; operating income dropped 17.66% to USD 2 billion.
Adjusted net income attributable to common stockholders (non-GAAP) rose to USD 1.08 billion, up 36.71%; adjusted EPS increased to USD 0.74 from USD 0.54.
Copper sales slid to 710 million pounds from 1,016 million pounds; average realized copper price climbed to USD 6.17 per pound from USD 4.54.
Grasberg Block Cave ramp-up stayed on schedule; 2026 sales outlook held at about 3.1 billion pounds of copper.

Sources

Docs