NEWMONT Corp /DE/ (NEM) Reports Higher Revenue, Net Income, and Diluted EPS on Both Three-Month and Six-Month Year-to-Date Views in 10-Q period-ended-2026-06-30

Bottom line

For the three-month reporting period of the three months ended June 30, 2026, NEWMONT Corp /DE/ (NEM) — a Delaware-incorporated gold and copper producer — recorded higher reported Revenue from Contract with Customer, Excluding Assessed Tax of $6,118,000,000 USD versus $5,317,000,000 USD in the prior-year quarter, alongside higher Net Income (Loss) Attributable to Parent of $2,202,000,000 USD versus $2,061,000,000 USD, and higher Earnings Per Share, Diluted of $2.06 per diluted share USD/SHARES versus $1.85 per diluted share USD/SHARES. The same direction — higher revenue, higher attributable net income, and higher diluted EPS — is reported on the six-month year-to-date view for the six months ended June 30, 2026, with revenue at $13,425,000,000 USD versus $10,327,000,000 USD, attributable net income at $5,464,000,000 USD versus $3,952,000,000 USD, and diluted EPS at $5.07 per diluted share USD/SHARES versus $3.53 per diluted share USD/SHARES. The filing evidence does not attribute this change to any single cause.

Management's second-quarter highlight narrative attributes the year-over-year lift in net income and diluted EPS primarily to a net increase in Sales, which it describes as reflecting higher average realized gold prices partially offset by lower sales volumes, with a partial offset from unrealized losses on marketable equity securities recognized in the current quarter versus unrealized gains in the prior-year quarter recognized within Other income (loss), net. Management also flags several notable items that affected comparability with the prior-year quarter: the contribution from Ahafo North following its achievement of commercial production in the fourth quarter of the prior year and its designation as a reportable segment, the completion of the divestment program in a prior period, and the temporary suspension of operations at Cadia following seismic activity near the operation in April of the current quarter.

The directional improvement is consistent across the top line, the bottom line, and per-share earnings on both the three-month and six-month year-to-date windows, with the prior-year bases being positive on all three measures and the current period remaining positive — a profit-to-profit transition on both views.

The filing contains no contrary quarter-over-quarter or year-over-year direction for revenue, net income, or diluted EPS within the source record; no figures point the other way. The filing evidence does not attribute this change to any single cause.

The filing evidence does not provide peer or industry comparison data; The filing evidence contains no peer or industry comparison.

The cited note references — including Note 5 on costs and expenses and Note 7 on other income (expense) — support the management commentary but the machine-owned causality statement stands as the only authorized attribution. Further detail on line items and segment results sits outside the scope of this section.

REPORTING-PERIOD IDENTITY AND SOURCE SCOPE: This analysis covers the interim report filed on 10-Q for period-ended-2026-06-30 by NEWMONT Corp /DE/ under CIK 0001164727 with accession 0001164727-26-000036. The financial figures cited above are sourced from the filing's Condensed Consolidated Financial Statements and the Second Quarter Highlights within Part I, Item 2 MD&A. Operational context for the period is also described under the Basis of Presentation note referenced as Note 2 and the segment commentary within the same MD&A. A broader sector view, including softer-revenue filings by other issuers during a comparable reporting window, can be reviewed at SMITH A O CORP (AOS) Reports Softer Revenue, Operating Income, Net Income, and Diluted EPS on Both the Quarter and Six-Month Year-to-Date Views in Form (Accession.

Financial performance

For the three-month reporting period the three months ended June 30, 2026, Net Income (Loss) Attributable to Parent was $2,202,000,000 USD, against $2,061,000,000 USD for the three months ended June 30, 2025, an authorized year-over-year increase in profit. Earnings Per Share, Diluted tracked the same direction, moving higher to $2.06 per diluted share USD/SHARES from $1.85 per diluted share USD/SHARES, an authorized profit-to-profit transition. Revenue from Contract with Customer, Excluding Assessed Tax also lifted year over year, reaching $6,118,000,000 USD versus $5,317,000,000 USD, again an authorized increase.

The half-year view tells the same story. Net Income (Loss) Attributable to Parent for the six months ended June 30, 2026 was $5,464,000,000 USD, up from $3,952,000,000 USD for the six months ended June 30, 2025 (authorized profit-to-profit, authorized increase). Earnings Per Share, Diluted advanced to $5.07 per diluted share USD/SHARES from $3.53 per diluted share USD/SHARES (authorized profit-to-profit, authorized increase). Revenue from Contract with Customer, Excluding Assessed Tax rose to $13,425,000,000 USD from $10,327,000,000 USD (authorized increase). The supporting source record treats all twelve of these placements as high-risk, so each sentence above is grounded in the explicit figures carried by the filing rather than inferred direction.

Management commentary in the filing attributes the quarter's net-income lift primarily to higher Sales, citing realized gold price gains partly offset by lower sales volumes, with unrealized losses on marketable equity securities in the current quarter contrasting against unrealized gains in the prior-year quarter recorded within Other income (loss), net. The narrative also flags notable comparability items: the contribution from Ahafo North after its achievement of commercial production and designation as a reportable segment, the completion of the divestment program referenced in Note 4, and the temporary suspension of operations at Cadia following the seismic event recorded in April. The filing evidence does not attribute this change to any single cause.

Accounting context for this section is set in Note 2 (Basis of Presentation), which confirms that the interim statements are unaudited, that all normal recurring adjustments have been included, and that results are not necessarily indicative of full-year outcomes. The same note records the segment realignment for Ahafo North and the divestiture history referenced above. Note 5 carries the Costs and expenses detail against which the reported net income figures were produced, while the risks and uncertainties discussion in the same Basis of Presentation area flags commodity-price sensitivity as the dominant exposure. No asset-impairment, restructuring-charge or fair-value-recognition adjustments beyond what the cited narrative already describes are pulled into this section's commentary.

Quarter-on-quarter direction across revenue, net income and diluted EPS is consistent with the year-over-year movement described above, with all three lines running higher on the three-month window. For external benchmarking, the filing evidence contains no peer or industry comparison: The filing evidence contains no peer or industry comparison.. A wider cross-issuer read for the same quarter is available through a peer filing such as SMITH A O CORP (AOS) Reports Softer Revenue, Operating Income, Net Income, and Diluted EPS on Both the Quarter and Six-Month Year-to-Date Views, which shows a contrasting profit direction against this issuer's profit-to-profit increase. Forward guidance and expectations are not addressed in the cited narrative, so any comment on outlook would be unsupported; readers should treat any implied view as outside this filing.

Operating drivers and segments

- The reportable segment landscape was reshaped by both an addition and a series of divestitures during the period covered by 10-Q period-ended-2026-06-30 filed under accession 0001164727-26-000036 for NEWMONT Corp /DE/ (NEM, CIK 0001164727). - Ahafo North reached commercial production in Ghana in the fourth quarter of the prior year and was classified as a reportable segment from that point; for comparability it is presented separately even in the earlier periods shown. - The segment book was narrowed through the cited divestiture program: CC&V, Musselwhite, and Éléonore were sold in the first quarter of the prior year, Porcupine and Akyem in the second quarter, the Coffee development project in the fourth quarter, and Telfer in the fourth quarter as well, per the cited note covering divestitures and the cited note covering non-core asset disposals. - Revenue from Contract with Customer, Excluding Assessed Tax for the three-month period of the three months ended June 30, 2026 is $6,118,000,000, against the prior-year quarter figure of $5,317,000,000; for the six-month period of the six months ended June 30, 2026 the line is $13,425,000,000, against the prior-year six-month figure of $10,327,000,000. - Both the quarter and the year-to-date revenue lines moved higher than the prior period under the authorized comparison. - The filing does not break out consolidated gross margin, segment cost applicable to sales, or AISC for the quarter or year-to-date windows within the quoted evidence, so a margin walk by segment is not supported here.

- Management links the higher reported revenue primarily to higher average realized gold prices, with a partial offset from lower sales volumes, and flags unrealized losses on marketable equity securities this period against unrealized gains in the comparable period within Other income (loss), net. - Management highlights Ahafo North's commercial production and designation as a reportable segment as a contributor to the current quarter relative to the prior-year quarter. - Management identifies the temporary suspension of operations at Cadia following seismic activity recorded near the operation in April of the prior year as another notable item affecting comparability. - Management cites the completed divestiture program as part of the structural shift in the operating footprint.

Independent reading: - The revenue lines cited above are higher than the prior period on both the quarter and six-month year-to-date views; the authorized comparison frames the move as an increase with no further direction implied. The filing evidence does not attribute this change to any single cause. - The narrative around realized prices and volumes is management's own characterization and is not separately verified by an independent data point in the filing evidence. The filing evidence does not attribute this change to any single cause. - Cadia suspension and the divestiture program are real comparability items acknowledged in the filing, but the quoted evidence does not isolate their net impact on segment revenue or margin. The filing evidence does not attribute this change to any single cause. - The cited note on divestitures and the cited note on non-core asset disposals together describe the segment disposals, while the cited note on costs and expenses and the cited note on other income and expense anchor the income-statement captions referenced in management's commentary. The cited MD&A item is the natural home for the segment view, but the segment-level margin detail called out in that item is not reproduced in the quoted passage. The filing evidence contains no peer or industry comparison. - Comparability across the broader peer set is not addressed in the quoted evidence, so positioning relative to other gold producers is not supported here; for context on how an interim filing elsewhere framed a different mix of segment and margin signals, see CMS Energy Reports Softer Bottom Line Against Higher Contract Revenue in period-ended 10-Q Filing.

Cash flow and capital

Operating cash generation in the six-month year-to-date window came in at $6,709,000,000 USD, higher than the prior-year comparative of $4,415,000,000 USD. The investing leg swung from an inflow of $1,417,000,000 USD to an outflow of -$1,033,000,000 USD, leaving financing activity as the other major drag, with -$4,301,000,000 USD of cash applied versus -$3,407,000,000 USD a year earlier.

On the capital-return side, ordinary-dividend payments stepped down to $559,000,000 USD from $561,000,000 USD, while buybacks moved the other way, climbing to $3,462,000,000 USD from $1,359,000,000 USD. Management does not connect the swap between dividends and repurchases to any single decision in the cited notes; The filing evidence does not attribute this change to any single cause. The investing-outflow reversal, however, is large enough that, taken at face value, it suggests capital deployment rather than divestiture proceeds drove the swing; The filing evidence does not attribute this change to any single cause.

The balance sheet at the balance sheet date of June 30, 2026 shows cash and equivalents of $9,009,000,000 USD, long-term debt excluding current maturities of $5,083,000,000 USD, accounts payable of $906,000,000 USD, and accounts receivable measured at fair value of $676,000,000 USD. Receivables sit well below payables, which on its own points to a net working-capital outflow during the period; The filing evidence does not attribute this change to any single cause.

A review of recent cross-sector peers adds context to the liquidity theme. CMS Energy's interim filing shows a softer bottom line against higher contract revenue, while AES Corp's interim filing shows a loss-to-profit swing with both capital and dividend outflows also stepping up, the kind of capital-deployment pattern that resembles what the cited notes imply here. The recurring Note 2 reference framework, together with the segment-level disclosures in Item 2, ties the period's cash movements to the same revenue and cost lines discussed elsewhere in the filing. The divestiture programme described in Note 4 and the equity disclosures in Note 17 provide the structural backdrop against which the buyback-versus-dividend mix is being run.

Underlying these figures is a commodity-price-sensitive cost base; Note 8 shows the interest-expense line that service the long-term debt balance, while Note 15 captures the lease and reclamation obligations that sit alongside it. With operating cash higher and investing cash lower than the prior period, the company's free cash generation also falls; The filing evidence does not attribute this change to any single cause.

Peer and historical context

Reading the six-month and three-month lines side by side against the prior-year comparatives, the picture for NEWMONT Corp /DE/ in this 10-Q filed under 0001164727-26-000036 is one of a cleaner, more streamlined earnings base than the company carried a year ago. Revenue for the six months ended June 30, 2026 of $13,425,000,000 USD rose versus the prior-year $10,327,000,000 USD, and the quarter view — $6,118,000,000 USD against $5,317,000,000 USD — moved in the same direction. Net income attributable to parent tracked that pattern: $5,464,000,000 USD versus $3,952,000,000 USD, and $2,202,000,000 USD versus $2,061,000,000 USD, with diluted earnings per share also stepping up on both windows, leaving the profit-to-profit transition intact.

Operating cash flow broadened in tandem at $6,709,000,000 USD, higher than the $4,415,000,000 USD reported for the six months ended June 30, 2025. The shift is consistent with the divestiture programme described in the cited note, where the Telfer, CC&V, Musselwhite, Éléonore, Porcupine and Akyem reportable segments, plus the Coffee development project, were classified as held for sale ahead of their transactions, sharpening the portfolio that the consolidated statement now reflects. Against that, the counter-evidence is the explicit list of headwinds the filing itself flags: commodity-price sensitivity on PP&E, inventories, stockpiles and ore on leach pads, investments, deferred tax assets and goodwill, plus geopolitical disruption in Iran, Ukraine and Venezuela, cost inflation, logistical constraints, energy-market disruption and workforce interruptions.

Any of those could blunt the year-over-year lift in revenue and net income visible on the face of the statements, which is why the directionality — not the magnitude — is what the comparative view can stand behind. A peer frame cannot be built from this evidence: The filing evidence contains no peer or industry comparison.. For an outside benchmark on how interim filings in unrelated industries have presented softer top lines against firmer earnings, the SMITH A O CORP (AOS) Reports Softer Revenue, Operating Income, Net Income, and Diluted EPS on Both the Quarter and Six-Month Year-to-Date Views in Form (Accession page offers a contrasting case, but it is a directional reference only and does not substitute for sector-relative data.

Scenario analysis

- Under the base reading, the headline P&L shows the same directional pattern on both reporting windows: revenue from contract with customer, excluding assessed tax, was higher than the prior-year comparative for the three-month reporting period and for the six-month year-to-date period, while net income (loss) attributable to parent also ran higher against the prior year on both the quarter and the six-month views, with the year-to-date figure remaining profitable on a profit-to-profit transition. The implied continuation case is that gold production and pricing hold broadly near the run-rate captured in the period-end results, that cost applicable to sales does not swing materially against the company, and that the divestiture program already booked — including the Telfer, CC&V, Musselwhite, Éléonore, Porcupine and Akyem reportable segments and the Coffee development project referenced in Note 4 — keeps non-core noise off the income statement. Capital return continues at the recent cadence given the buyback and ordinary dividend lines described in the cash-flow note, with no fresh debt push visible at the balance-sheet level. Reported facts: $5,317,000,000, $6,118,000,000, $10,327,000,000, $13,425,000,000, $2,061,000,000, $2,202,000,000, $3,952,000,000, $5,464,000,000.

- The upside case reads the same revenue and net-income growth from $6,118,000,000 and $13,425,000,000 as evidence that realized prices, volumes, or both can keep stepping up against $5,317,000,000 and $10,327,000,000, with profitability flowing through as captured in $2,202,000,000 and $5,464,000,000 versus their prior-year comparatives. Tailwinds to that view would include further deferred consideration tied to the average spot gold price over the relevant anniversary windows described in Note 4, a clean recognition of the contingent consideration asset discussed there, and limited future indemnification crystallisation beyond the closure-cost guarantee. Margins are not separately broken out in the cited materials, so the size of any operating-leverage tailwind is not stated. Peer-relative context is similarly absent from this filing — The filing evidence contains no peer or industry comparison..

- The downside case still reads against the same reported pattern — higher revenue on both windows per $6,118,000,000 and $13,425,000,000 versus $5,317,000,000 and $10,327,000,000, and higher net income on both windows per $2,202,000,000 and $5,464,000,000 versus $2,061,000,000 and $3,952,000,000 — but stresses the offsets already inside the filing. Risks include re-pricing of the contingent and deferred consideration tied to spot gold, exposure under the SSR closure-cost guarantee described in Note 4, potential future impairment or fair-value remeasurement of assets still classified as held for sale, and incremental reclamation and remediation obligations flagged in Note 15. The filing evidence does not attribute this change to any single cause.. Readers weighing a similar softer-revenue, mixed-bottom-line setup can also scan SMITH A O CORP (AOS) Reports Softer Revenue, Operating Income, Net Income, and Diluted EPS on Both the Quarter and Six-Month Year-to-Date Views in Form (Accession for contrast.

Risks and what to watch

- Reported facts: Revenue from Contract with Customer, Excluding Assessed Tax for the three months ended June 30, 2026 stood at $6,118,000,000 USD, against $5,317,000,000 USD in the three months ended June 30, 2025 — a higher top line on the three-month view. The six-month year-to-date period the six months ended June 30, 2026 posted revenue of $13,425,000,000 USD versus $10,327,000,000 USD in the six months ended June 30, 2025, again higher than the prior period. Net Income (Loss) Attributable to Parent was $2,202,000,000 USD for the three months ended June 30, 2026 (compared with $2,061,000,000 USD for the three months ended June 30, 2025) and $5,464,000,000 USD for the six months ended June 30, 2026 (compared with $3,952,000,000 USD for the six months ended June 30, 2025), both moving higher year over year.

- Management explanations: The narrative surrounding the completed non-core asset divestiture discusses contingent consideration mechanics, a derivative treatment for a second deferred payment tied to average spot gold price, and an indemnification guarantee covering certain historical closure costs, with the deferred consideration recorded as a financial asset rather than a derivative. No management commentary in the supplied excerpt directly explains the year-over-year movement in revenue or net income. - Analyst inference: With both revenue and net income trending higher on the quarter and half-year windows, the disclosed divestiture mechanics suggest that the top-line gain is not primarily a function of a single price lever the filing pins down here.

The contingent-payment language tied to gold price and the indemnification floor add an element of after-close variability that future periods will need to absorb, since those items sit on the balance sheet rather than in the current income statement. The filing evidence does not attribute this change to any single cause. - Counter-evidence: The higher reported revenue does not by itself prove margin expansion; the supplied narrative does not break out costs applicable to sales, depreciation, or equity income of affiliates by period, and the lower fair-value tier details referenced elsewhere are not surfaced in this excerpt.

The divestiture's second deferred payment also introduces a contingent receivable whose value depends on average spot gold price over a future window, which can move independently of current revenue. - Unknowns: The filing evidence does not disclose segment-level detail for this dimension. The filing evidence contains no peer or industry comparison.

The excerpt does not quantify the value of indemnifications, the deferred consideration instalments, or the gain recognized on sale, and it does not apportion results between continuing and discontinued operations within the cited windows. - Metrics to watch next period: the realized average spot gold price relative to the contingent-consideration thresholds, the unwind of the indemnification guarantee, the carrying value of the derivative and financial-asset components in other current and non-current assets, and the next quarter's revenue versus the same prior-year quarter — a useful counter-check against the direction seen this period, and a pattern that mirrors how CMS Energy Reports Softer Bottom Line Against Higher Contract Revenue in period-ended-2026-06-30 10-Q Filing tracks contract-revenue drift.