Freeport-McMoRan Inc.: EPS $0.88 vs $0.815 expected; revenue $7.55B vs $7.36B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 0.880 | 0.815 | +8.0% | 0.500 |
| Revenue (USD bn) | 7.550 | 7.360 | +2.5% | 6.970 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 27, 2026 | Q3 FY2026 | 0.88 | 0.8150 | +8.0% | 7.55 | 7.36 | +2.5% |
| Jul 23, 2026 | Q2 FY2026 | 0.74 | 0.6150 | +20.3% | 7.03 | 6.71 | +4.7% |
| Apr 23, 2026 | Q1 FY2026 | 0.57 | 0.4665 | +22.2% | 6.23 | 5.73 | +8.8% |
| Jan 22, 2026 | Q4 FY2025 | 0.47 | 0.2852 | +64.8% | 5.63 | 5.29 | +6.4% |
| Oct 23, 2025 | Q3 FY2025 | 0.50 | 0.4212 | +18.7% | 6.97 | 6.71 | +3.9% |
| Jul 23, 2025 | Q2 FY2025 | 0.54 | 0.4497 | +20.1% | 7.58 | 7.19 | +5.5% |
| Apr 24, 2025 | Q1 FY2025 | 0.24 | 0.2377 | +1.0% | 5.73 | 5.39 | +6.3% |
| Jan 23, 2025 | Q4 FY2024 | 0.31 | 0.3600 | −13.9% | 5.72 | 5.84 | −2.1% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Freeport-McMoRan Inc. results: EPS $0.88 vs $0.815 expected; revenue $7.55B vs $7.36B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 8.0%; revenue above the estimate by 2.5%.
Revenue was up 8.2% from $6.97 billion a year earlier (Q3 FY2025). EPS was up 76.0% from $0.50 a year earlier. On its record, EPS topped analysts' estimates in 6 of 7 earlier comparable reports.
What the results mean
Revenue growth reflects an expansion in the value of business activity, but understanding its implications for Freeport-McMoRan requires distinguishing the role of metal prices from sales volumes. The nature of mining also makes the relationship between revenue and profitability dependent on extraction and operating costs.
Copper anchors the company's business, alongside gold, molybdenum and silver, with operations spanning North America, South America and Indonesia. This diversity makes the metal mix and contributions from individual mines important to understanding business performance, without attributing revenue growth to a particular metal or location in the absence of release details.
What to watch on the earnings call: Listen for management's explanation of how metal prices and sales volumes contributed to revenue growth, and how copper and gold contributed to business performance. Comments on extraction costs, operating continuity and mine spending will help clarify how business growth translates into profitability and cash flow.
For the full analysis of Freeport-McMoRan Inc. stock — valuation, scores and financial statements — see the stock page linked with this story.