Freeport-McMoRan Inc. · FCX · Next earnings

Freeport-McMoRan Inc. reports Thursday, Jan 28, 2027

FCX reports before market open with consensus EPS at $1.09 and revenue at $9.00B. Last quarter: FCX: Strong quarter, but 2026–27 copper sales guidance trimmed

Reports Before market open85 days awayDate estimated Basic Materials

What the street expects

Consensus for the coming report
Consensus EPS $1.09 Calendar consensus
Consensus revenue $9.00B Calendar consensus
Report date Jan 28, 2027 Thursday, date estimated
Session Before market open 85 days away

Where FCX left off: FY2026 Q3

Full report

FCX: Strong quarter, but 2026–27 copper sales guidance trimmed

EPS surprise +8.0% Reported $0.88 vs $0.81
Revenue surprise +2.5% Reported $7.55B vs $7.36B
Stock move +1.2% Event window
Subsequent drift 0.0% Up to 20 sessions

Copper sales guidance was trimmed modestly for 2026–27; full-year cash-cost guidance was reaffirmed. The analysis characterizes overall guidance sentiment as lowered.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Copper-price sensitivity remains material to earnings.
  • Energy, diesel, equipment and broader inflation costs could pressure cash flow.
  • Commercial-scale leach performance and the timing, cost certainty and permitting of Bagdad remain execution risks.

Questions analysts left open

  • Magnitude and persistence of idle costs at Grasberg.
  • U.S. mill and leach recovery rates and their future trajectory.
  • Impact of higher capex and inflation on free cash flow.

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Recent FCX quarters

All FCX earnings
+1.2%FY2026 Q3+3.9%FY2026 Q2-12.6%FY2026 Q1-2.9%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.