Loading
Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Myles Allsop | UBS | 12 (8%) |
| Alfonso Salazar | Scotiabank | 10 (10%) |
| Timna Tanners | Wells Fargo | 10 (0%) |
| Tingshuai Feng | CICC | 8 (0%) |
| Emerson Vieira | Goldman Sachs | 8 (13%) |
| Alejandro Demichelis | Jefferies | 8 (0%) |
| Carlos De Alba | Morgan Stanley | 7 (0%) |
| Matheus Moreira | Bradesco BBI | 4 (25%) |
| Dave Feng | CICC | 4 (0%) |
| Camilla Barder | Bradesco BBI | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| CICC | 2 | 12 (0%) |
| UBS | 1 | 12 (8%) |
| Goldman Sachs | 3 | 11 (9%) |
| Bradesco BBI | 3 |
| 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 |
| Wells Fargo | 1 | 10 (0%) |
| Scotiabank | 1 | 10 (10%) |
| Jefferies | 1 | 8 (0%) |
| Morgan Stanley | 1 | 7 (0%) |
| -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 |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
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.
Capex Investment | Demand | Cost Pressure | Regulation Policy | Capital Allocation | Pricing | Competitive Dynamics | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 1 | 3 | 1 | 3 | 3 | ||
| 2025Q1 | 5 | 3 | 3 | 2 | 1 | 4 | 4 | 2 |
| 2025Q2 | 5 | 2 | 2 | 1 | 2 | 1 | 1 | 1 |
| 2025Q3 | 10 | 4 | 2 | 5 | 3 | 2 | 1 | |
| 2025Q4 | 7 | 5 | 2 | 3 | 1 | 3 | 2 | |
| 2026Q1 | 4 | 1 | 3 | 2 | 1 | 1 | 3 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Capex Investment | 7 | 5 | 5 | 10 | 7 | 4 |
| Demand | 1 | 3 | 2 | 4 | 5 | 1 |
| Cost Pressure | 3 | 3 | 2 | 2 | 2 | 3 |
| Regulation Policy | 1 | 2 | 1 | 5 | 3 | 2 |
| Capital Allocation | 3 | 1 | 2 | 3 | 1 | 1 |
| Pricing | 4 | 1 | 2 | 3 | 1 | |
| Competitive Dynamics | 4 | 1 | 2 | 3 | ||
| Margin | 3 | 2 | 1 | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
SCCO Southern Copper Corporation | 9 | +36.2% | |
| FCX Freeport-McMoRan | 7 | +12.2% |