Southern Copper stock falls 2.04 percent below its yearly high

Southern Copper stock was trading at USD 201.94 on the NYSE on September 23, 2026, down 2.04 percent for the session. The price stood 8.53 percent below its 52-week high of USD 220.78, placing the recent earnings strength against a weaker short-term chart position.

Q2 revenue rises 40.6 percent

Southern Copper reported Q2 2026 revenue of USD 4.29 billion, up 40.6 percent from the year-earlier quarter. According to MarketBeat, the figure was below the USD 4.37 billion consensus estimate, creating a clear contrast between strong year-over-year growth and a modest revenue miss.

Adjusted for the reported earnings comparison, quarterly EPS was USD 1.99 against USD 1.93 consensus, a USD 0.06 beat. The combination of revenue growth and an earnings beat indicates that profitability, rather than sales alone, remains central to the Q2 reading.

Profitability leads the report

Southern Copper's Q2 2026 operating profit was USD 2.6232 billion, compared with USD 2.4804 billion in Q1 2026. Operating margin consequently increased from 58 percent in Q1 to 61 percent in Q2, while net income rose from USD 1.5532 billion to USD 1.6541 billion over the same periods.

The balance sheet also showed USD 5.665 billion in cash and cash equivalents at June 30, 2026. Operating cash flow reached USD 1.9885 billion in Q2, giving the earnings figures a cash-generation component alongside the margin expansion.

Stock remains below yearly high

At USD 201.94 on September 23, 2026, Southern Copper stock was USD 18.84 below its 52-week high of USD 220.78. The session change of negative 2.04 percent and the 8.53 percent gap to the yearly peak frame the market response separately from the company's Q2 operating figures.