NYSE$AG
First Majestic Silver Corp · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
First Majestic Silver Corp reported Q2 2026 financial results with record revenue and strong margin expansion driven by higher silver prices.
First Majestic Silver Corp announced unaudited financial results for the second quarter ended June 30, 2026, showing revenue of $415.5 million, up 57% year-over-year. Net earnings attributable to owners reached $109.4 million ($0.22 EPS), with adjusted EPS of $0.21. The company generated $194.6 million in free cash flow and ended with $1,252.7 million in treasury.
- Revenue increased 57% YoY to $415.5 million, with 60% from silver, driven by 90% higher realized silver prices.
- Mine operating earnings surged to $223.6 million from $49.4 million YoY; EBITDA rose 110% to $252.3 million.
- Free cash flow of $194.6 million led to record treasury of $1,252.7 million; AISC margin improved to $40.27 per AgEq oz.
- Silver production up 3% to 3.8 million ounces; declared quarterly dividend of $0.0152 per share.
Headline financials
Revenue & EPS history
First Majestic · Revenue · Quarterly
$416M
Forward guidance
Updated 2026 production and cost guidance provided alongside Q2 results; conference call details released.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+0.7%
Avg return
Earnings day
-0.8%
Avg return
5 days after
-2.0%
Avg return
30 days after
51%
32 / 63 earnings
Positive
+19.0%
Q2 2015
Best reaction
-20.4%
Q2 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +9.2% | -13.6% | -28.4% | |
| Q4 2025 | +9.7% | +30.6% | -19.2% | |
| Q2 2025 | -1.0% | +6.8% | +9.2% | |
| Q4 2024 | +7.3% | +1.9% | +28.9% | |
| Q3 2024 | -1.4% | -4.0% | -7.2% | |
| Q2 2024 | -18.1% | -19.3% | -9.5% | |
| Q1 2024 | +3.2% | -10.1% | -0.8% | |
| Q4 2023 | +4.5% | +3.1% | +20.2% | |
| Q3 2023 | -6.6% | -7.9% | +20.4% | |
| Q2 2023 | -1.3% | -2.4% | -3.3% | |
| Q1 2023 | -1.2% | -1.4% | -14.3% | |
| Q4 2022 | -14.1% | -12.4% | -5.9% | |
| Q3 2022 | +1.6% | +3.2% | -5.3% | |
| Q2 2022 | +9.2% | +12.5% | -0.7% | |
| Q1 2022 | -0.7% | +0.7% | +8.3% | |
| Q4 2021 | +4.8% | +4.1% | +5.4% | |
| Q3 2021 | +5.3% | +8.2% | -14.8% | |
| Q2 2021 | -5.4% | -7.1% | +0.3% | |
| Q1 2021 | +9.7% | +10.2% | +17.7% | |
| Q4 2020 | +0.4% | +11.0% | -3.2% | |
| Q3 2020 | +12.7% | +3.3% | +5.3% | |
| Q2 2020 | -6.1% | -17.3% | -16.7% | |
| Q1 2020 | +15.6% | +23.1% | +21.0% | |
| Q4 2019 | -4.0% | -3.2% | -45.6% | |
| Q3 2019 | -3.7% | +4.0% | +2.8% | |
| Q2 2019 | +9.3% | +7.8% | -0.2% | |
| Q1 2019 | +0.7% | +1.5% | +10.3% | |
| Q4 2018 | +6.8% | -3.5% | +4.9% | |
| Q3 2018 | -2.8% | -10.7% | -9.8% | |
| Q2 2018 | -13.3% | -19.0% | -13.4% | |
| Q1 2018 | +5.5% | +3.5% | +6.6% | |
| Q4 2017 | +2.4% | +4.6% | +13.6% | |
| Q3 2017 | -5.8% | -1.2% | -2.0% | |
| Q2 2017 | -20.4% | -22.3% | -9.3% | |
| Q1 2017 | -4.6% | -5.1% | +5.0% | |
| Q4 2016 | -1.7% | -8.2% | -19.6% | |
| Q3 2016 | +8.4% | +2.7% | +8.0% | |
| Q2 2016 | -0.5% | -5.0% | -33.2% | |
| Q1 2016 | +9.1% | — | — | |
| Q4 2015 | +5.0% | — | — | |
| Q3 2015 | -3.7% | — | — | |
| Q2 2015 | +19.0% | — | — | |
| Q1 2015 | +2.3% | — | — | |
| Q4 2014 | +2.7% | — | — | |
| Q3 2014 | -3.2% | — | — | |
| Q2 2014 | +1.1% | — | — | |
| Q1 2014 | -2.4% | — | — | |
| Q4 2013 | -2.0% | — | — | |
| Q3 2013 | -5.3% | — | — | |
| Q2 2013 | +14.4% | — | — | |
| Q1 2013 | +14.4% | — | — | |
| Q4 2012 | -5.0% | — | — | |
| Q3 2012 | -1.0% | — | — | |
| Q2 2012 | +1.2% | — | — | |
| Q1 2012 | +2.7% | — | — | |
| Q4 2011 | -10.3% | — | — | |
| Q3 2011 | +1.3% | — | — | |
| Q2 2011 | -6.5% | — | — | |
| Q1 2011 | -6.5% | — | — | |
| Q4 2010 | -0.1% | — | — | |
| Q3 2010 | +1.0% | — | — | |
| Q2 2010 | -5.9% | — | — | |
| Q1 2010 | +6.2% | — | — |
Discussion
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