Pan American Silver Q3 2026 EPS Tops Estimates at $0.69, but Revenue Misses at $987.7M
Revenue of $987.7M vs. $1.07B expected and adjusted EPS of $0.69 vs. $0.66; revenue up 16% from a year earlier.
Pan American Silver (PAAS) posted mixed third-quarter 2026 results, with adjusted EPS above the estimate and revenue below it. Revenue was $987.7 million, up 16% from a year earlier, below the $1.07 billion estimate, and adjusted EPS was $0.69, up 44% from a year earlier, above the $0.66 estimate.
Shares fell 0.2% in after-hours trading as of 6:20 p.m. ET, to $41.40 from a $41.49 close.
Q3 2026 scorecard
| Parameters | Expected | Actual | Beat/Miss |
|---|---|---|---|
| Adjusted EPS | $0.66 | $0.69 | Beat by 4.5% |
| Revenue | $1.07B | $987.7M | Miss by 7.8% |
| Change | YoY | QoQ |
|---|---|---|
| Adjusted EPS | ▲ 44% | ▼ 5.5% |
| Revenue | ▲ 16% | ▼ 10% |
By our calculation, revenue was $83.5 million below the estimate and adjusted EPS was $0.03 above it. The QoQ column compares with the previous quarter's revenue of $1.10 billion and adjusted EPS of $0.73. The YoY column compares with $854.6 million and $0.48 in the same quarter a year earlier.
Track record
- EPS record. Adjusted EPS beat the estimate in 5 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: $854.6 million, $1.17 billion, $1.13 billion, $1.10 billion and $987.7 million.
What to watch
- Next-quarter estimates. Consensus calls for EPS of $0.88 and revenue of $1.15 billion next quarter, based on 6 analysts.
- Next report. Pan American Silver is next expected to report on Feb. 24, 2027.
- Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 16% increase to $987.7 million.
- Related coverage. See our reports on Comstock Resources, Dave, FICO and AMC.
Sources: Results are from Pan American Silver's Nov. 4, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Pan American Silver'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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