Newmont delivered exceptional Q1 2026 results with revenue up 45.8% to $7.3B and net income surging 72.5% to $3.3B, fueled by higher gold production in key operations despite GEO pricing changes that elevated cost allocations.
Key takeaways
Revenue increased 45.8% to $7.3B from $5.0B in Q1 2025, reflecting stronger sales performance amid favorable market conditions.
Net income rose 72.5% to $3.3B from $1.9B, driven by higher revenues and operational efficiencies.
Diluted EPS grew 78.6% to $3.00 from $1.68, underscoring improved profitability per share.
Net cash provided by operating activities increased to $3.8B from $2.0B, supporting liquidity and capital priorities.