§ Companies / FCX / Earnings / Research

FCX earnings: EPS beat by 23.3%, revenue beat by 4.7%

Equipment Desk · RegardingSemi Engine · Jul 22, 2026 · updated Jul 23

FREEPORT-MCMORAN INC reported results (Jul 22, 2026). EPS came in at $0.74 against a $0.60 consensus, beat by 23.3%. Revenue was $7.0B versus $6.7B expected, beat by 4.7%.

§ The quarter in numbers

Metric	Actual	Consensus	Surprise
EPS	$0.74	$0.60	beat by 23.3%
Revenue	$7.0B	$6.7B	beat by 4.7%

§ The trend

Revenue is up 12.2% from the same quarter last year. Gross margin sits at 26.5%, 760 bps off its 8-quarter high.

§ How it stacks up Pro

This section is part of the Pro report for FCX.

Subscribe — $9.99/mo →

§ Go deeper on FCX

The annotated call — full transcript, ML highlights → Everything on FCX → Who owns it (13F) → Insider tape →

The Weekly Semi Engine

The week in semiconductors, in your inbox. Free.

Every Saturday: the tape, the rotation, the prints that mattered, and what the desk is watching next week. No noise.

Get it every Saturday →