Newmont Q2 2026: $2.2B Net Income and Record Free Cash Flow, but Sales Miss Estimates
NEM sits 59% above its 52-week low of $59.96.
Summary
Newmont's Q2 2026 earnings beat on the bottom line but missed on revenue, as record free cash flow and a massive buyback program were offset by operational disruptions and regulatory headwinds in Ghana.
Key Events · Earnings and Guidance · NEM
-
Q2 Earnings Beat, Revenue Miss
Adjusted EPS of $2.10 beat the $1.99 consensus, but sales of $6.1B missed the $6.4B estimate. Net income was $2.2B, up from $2.1B a year ago.
-
Record Free Cash Flow
Free cash flow reached a second-quarter record of $2.2B, up 83% year-over-year, driven by higher gold prices and strong operating cash flow of $6.7B for H1 2026.
-
Massive Shareholder Returns
Newmont returned $1.0B to shareholders in Q2 via $559M in dividends and $3.5B in share repurchases in H1 2026. A new $6B buyback program was authorized in April 2026.
-
Cadia Seismic Event Disrupts Production
A seismic event on April 14, 2026 temporarily suspended underground mining at Cadia, resulting in $28M in incremental costs. Production is expected to return to pre-event levels in Q3 2026.
Analysis · NEM · Energy & Transportation
Newmont delivered robust Q2 2026 results, with net income reaching $2.2 billion and free cash flow hitting a second-quarter record of $2.2 billion, enabling $1.0 billion in shareholder returns. Revenue of $6.1 billion, however, fell short of the $6.4 billion consensus, and a seismic event at Cadia disrupted operations, adding $28 million in incremental costs. A new sliding-scale royalty framework in Ghana could raise operating expenses when gold prices are high. On the positive side, a fresh $6 billion buyback authorization and the Lundin Gold dividend-in-kind distribution provide tailwinds, though the Equinox Gold demand letter for $114 million introduces a legal overhang.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NEM was trading at $95.20 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $101.1B. The 52-week trading range was $59.96 to $134.88. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.