Q2 2026
EPS
$0.32
est $0.49-35.2%
Revenue
$10.50B
est $10.42B+0.7%
Vale's earnings crashed 35% below analyst expectations as derivative mark-to-market swings and one-time charges erased profit gains, though revenue topped forecasts by 0.7% and free cash flow doubled year-over-year. The Brazilian miner's operational engines are firing—copper revenue jumped 62% and iron ore production hit a six-year high for Q2—but cost pressures from a stronger real and higher fuel prices forced sharp guidance revisions that will weigh on near-term margins.
