NYSE$AU

AngloGold Ashanti Ltd-ADR · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

AngloGold Ashanti Ltd-ADR reported strong Q2 2026 results with revenue up 27% and net income rising 50% year-over-year.

AngloGold Ashanti delivered robust second-quarter 2026 financial performance driven by higher gold prices and increased production. Revenue reached $3.104 billion, net income was $1.002 billion, and adjusted EBITDA grew 46% to $2.0 billion. Free cash flow improved significantly, strengthening the balance sheet.

  • Revenue increased 27% to $3.104 billion from $2.445 billion in Q2 2025.
  • Net income rose to $1.002 billion ($1.96 EPS) from $669 million ($1.32 EPS) last year.
  • Adjusted earnings were $1.010 billion or $1.98 per share; EBITDA reached $2.0 billion.
  • Free cash flow grew 36% to $727 million, with net cash position at $991 million.

Headline financials

Total Revenue

$3.1B

Previous: $2.41B+28.8%
EPS (adj)

$1.98

Previous: $1.25+58.4%
Adjusted EBITDA

$2B

No prior period
Total Cash Costs (per oz)

$1.48M

No prior period
Free Cash Flow

$727M

No prior period
Net Income

$1B

No prior period

Revenue & EPS history

AngloGold Ashanti · Revenue · Quarterly

$3.1B

Q2 2026+28.8%vs Q2 2025
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Forward guidance

Company reaffirmed its full-year 2026 guidance.

Tailwinds

  • Strong free cash flow generation supporting shareholder returns.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+1.5%

Avg return

Earnings day

+4.6%

Avg return

5 days after

+7.0%

Avg return

30 days after

59%

32 / 54 earnings

Positive

+14.6%

Q3 2022

Best reaction

-10.3%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+6.8%+2.2%-16.0%
Q4 2025+6.2%+15.7%-25.7%
Q2 2025+5.1%+26.0%+22.5%
Q1 2025+6.8%-4.8%+9.8%
Q4 2024+6.3%+4.0%+30.8%
Q3 2024+5.4%-6.2%-5.0%
Q4 2023+8.8%+4.9%+10.9%
Q1 2024-0.1%+7.9%+3.6%
Q2 2023+1.1%+9.7%-3.1%
Q3 2023+1.1%+9.7%-3.1%
Q1 2023+1.4%+10.5%+10.1%
Q4 2022+8.3%+7.6%+41.2%
Q3 2022+14.6%+27.4%+46.2%
Q2 2022-1.7%-6.5%-4.9%
Q1 2022+2.2%-2.0%-14.7%
Q4 2021+0.9%+2.5%-13.1%
Q2 2021+1.8%+4.1%+9.4%
Q1 2021+6.2%+6.1%-4.9%
Q4 2020+12.2%+10.6%+8.3%
Q2 2020+1.9%-0.1%+11.7%
Q1 2020-6.6%-0.8%+36.0%
Q4 2019-10.3%-16.2%+33.0%
Q2 2019-4.8%-0.4%+5.2%
Q1 2019-3.2%+1.9%-9.9%
Q4 2018-1.6%+1.0%-4.0%
Q2 2018+0.1%+3.7%+5.8%
Q4 2017+3.5%+0.7%-3.1%
Q2 2017-3.0%+0.8%+3.8%
Q4 2016+7.2%+11.6%+7.6%
Q2 2016+6.4%+7.4%+22.4%
Q4 2015+10.2%
Q3 2015-1.7%
Q2 2015+8.0%
Q1 2015-1.2%
Q4 2014+4.1%
Q3 2014-1.4%
Q2 2014+2.0%
Q1 2014-1.5%
Q4 2013-5.6%
Q3 2013-7.5%
Q2 2013-7.5%
Q1 2013-1.1%
Q4 2012-0.5%
Q3 2012+6.0%
Q2 2012-1.7%
Q1 2012-1.7%
Q4 2011-4.0%
Q2 2011-3.3%
Q3 2011-3.3%
Q1 2011+3.2%
Q4 2010+0.7%
Q2 2010+0.6%
Q3 2010+0.6%
Q1 2010+6.0%

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