First Majestic Silver Tops Q3 2026 Estimates as Revenue Rises 38% to $394.1M

First Majestic Silver (AG) topped estimates for the third quarter of 2026. Revenue was $394.1 million, up 38% from a year earlier, above the $390.0 million estimate, and adjusted EPS was $0.19, up 171% from a year earlier, in line with the $0.19 estimate.

Shares rose 1.1% in premarket trading as of 7:20 a.m. ET, to $15.56 from a $15.39 close.

Q3 2026 scorecard

By our calculation, revenue was $4.1 million above the estimate. The QoQ column compares with the previous quarter's revenue of $415.5 million and adjusted EPS of $0.21. The YoY column compares with $285.1 million and $0.07 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 1 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 3 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $285.1 million, $463.9 million, $476.7 million, $415.5 million and $394.1 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $0.20 and revenue of $435.7 million next quarter, based on 1 analyst.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 38% increase to $394.1 million.
• Estimate record. Whether First Majestic Silver returns to beating EPS estimates, which it did in 1 of its last 8 reports.
• Related coverage. See our reports on Verisk Analytics, McGraw Hill, Shift4 Payments and AngloGold Ashanti.

Sources: Results are from First Majestic Silver's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from First Majestic Silver's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.