Ivanhoe Electric Misses Q3 2026 Estimates as Revenue Rises 30% to $708K
Revenue of $708K vs. $724K expected and adjusted EPS of -$0.19 vs. -$0.09; revenue up 30% from a year earlier.
Ivanhoe Electric (IE) missed estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $708 thousand, up 30% from a year earlier, below the $724 thousand estimate, and adjusted EPS was -$0.19, down 46% from a year earlier, below the -$0.09 estimate.
Shares fell 1.3% in premarket trading as of 8:55 a.m. ET, to $7.66 from a $7.76 close.
Q3 2026 scorecard
| Parameters | Expected | Actual | Beat/Miss |
|---|---|---|---|
| Adjusted EPS | -$0.09 | -$0.19 | Miss by 101% |
| Revenue | $724K | $708K | Miss by 2.2% |
| Change | YoY | QoQ |
|---|---|---|
| Adjusted EPS | ▼ 46% | ▼ 19% |
| Revenue | ▲ 30% | ▼ 2.2% |
By our calculation, revenue was $16 thousand below the estimate and adjusted EPS was $0.10 below it. The QoQ column compares with the previous quarter's revenue of $724 thousand and adjusted EPS of -$0.16. The YoY column compares with $545 thousand and -$0.13 in the same quarter a year earlier.
GAAP results
- GAAP EPS. GAAP diluted EPS was $0.19, against -$0.13 a year earlier.
- Net income. The company reported net income of $30.8 million on a GAAP basis, compared with a net loss of $17.5 million a year earlier.
Track record
- EPS record. Adjusted EPS beat the estimate in 2 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: $545 thousand, $896 thousand, $858 thousand, $724 thousand and $708 thousand.
What to watch
- Next-quarter estimates. Consensus calls for EPS of -$0.13 and revenue of $728 thousand next quarter, based on 1 analyst.
- Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 30% increase to $708 thousand.
- Estimate record. Whether Ivanhoe Electric returns to beating EPS estimates, which it did in 2 of its last 8 reports.
- Related coverage. See our reports on DXP Enterprises, MDU Resources, ScanSource and Targa Resources.
Sources: Results are from Ivanhoe Electric's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Ivanhoe Electric's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.
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