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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Southern Copper Corporation (SCCO) is 9/10.
Southern Copper delivered a record quarter, with net income up 67% to $1,577 million and sales up 36% to $4.3 billion as LME copper averaged $5.83 per pound (+38% YoY) and a silver byproduct boom (+158% price) lifted byproduct credits 36% to $1,189 million. Those credits pushed operating cash cost to a negative $0.11 per pound and adjusted EBITDA up 55% to $2,713 million at a 64% margin. Copper output fell 4% to 230,544 tons on lower Peruvian ore grades, though full-year copper guidance was nudged up 4,000 tons to 915,000 tons. Tia Maria advanced to 33% with first production targeted for Q3 2027 under a capital program exceeding $20.5 billion this decade. The quarter also marked a leadership transition following the passing of long-time CEO Oscar Gonzalez Rocha, with Leonardo Contreras appointed CEO.
Scored from Southern Copper Corporation’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.78B | +21.3% | $1.01 | +74.1% | 48.2% | 47.0% | 28.5% | $1.13B |
| FY2025 Q1 | $3.12B | +20.1% | $1.19 | +25.3% | 50.2% | 49.2% | 30.3% | $404M |
| FY2025 Q2 | $3.05B | -2.2% | $1.19 | -1.7% | 53.1% | 52.0% | 31.9% | $741M |
| FY2025 Q3 | $3.38B | +15.2% | $1.34 | +16.5% | 59.8% | 52.4% | 32.8% | $1.21B |
| FY2025 Q4 | $3.87B | +39.0% | $1.56 | +54.5% | 62.0% | 54.5% | 33.8% | $1.07B |
| FY2026 Q1 | $4.25B | +36.2% | $1.92 | +61.3% | 64.7% | 58.3% | 37.2% | $1.25B |
| FY2026 Q2 | $4.29B | +40.6% | $2.01 | +68.9% | 62.0% | 61.2% | 38.9% | $2.43B |
All prior quarters are free.
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