Abstract

Buenaventura Mining will release its quarterly results on February 26, 2026 Post Market, and this preview distills the latest consensus embedded in company-facing forecasts for revenue, margins, net profit and adjusted EPS, while highlighting what could drive the share-price reaction relative to the prior quarter’s run-rate and mix.

Market Forecast

For the upcoming quarter, forecasts point to revenue of $451.60 million, implying 52.41% year-over-year growth, with adjusted EPS projected at $0.67, up 225.12% year-over-year; EBIT is estimated at $178.91 million, up 289.36% year-over-year, implying an EBIT margin near 39.62%. Forecast detail for gross profit margin and net profit margin is not specified; context from the last reported quarter shows a gross profit margin of 51.72% and a net profit margin of 38.78%, which frame the recent margin profile.

Main business highlights suggest continuity from the recent revenue level of $431.04 million and support for margins from operating leverage observed in the latest quarter, though realized price, grade mix and cost-control execution will determine whether the margin cadence can hold near recent levels. The most promising segment based on available categorization remains Net Sales at $431.04 million last quarter, which increased 132.07% year-over-year and underpins the company’s near-term growth trajectory.

Last Quarter Review

In the previous quarter, Buenaventura Mining delivered revenue of $431.04 million, a gross profit margin of 51.72%, GAAP net profit attributable to the parent company of $167.00 million, a net profit margin of 38.78%, and adjusted EPS of $0.71, with EPS down 23.66% year-over-year and revenue up 132.07% year-over-year. A key highlight was the significant sequential rebound in net profit, which increased by 83.07% quarter-on-quarter, underscoring strong operating leverage on the revenue base.

The main business was reported as Net Sales totaling $431.04 million, representing 100% of the mix, and it outperformed the prior estimate by $75.47 million while advancing 132.07% year-over-year, indicating a substantial inflection in top-line scale.

Current Quarter Outlook

Core Net Sales and Margin Trajectory

The current quarter preview builds on a revenue base that recently re-accelerated to $431.04 million, with forecasts now indicating $451.60 million, or 52.41% year-over-year growth. The last reported gross profit margin of 51.72% and net margin of 38.78% provide a useful baseline; should the company sustain a similar cost-of-sales structure and realized price mix, margin quality could stay resilient even if the revenue increment is primarily volume-led. The implied EBIT margin from forecasts, approximately 39.62% (EBIT of $178.91 million on $451.60 million of revenue), signals that operating leverage may remain a tailwind if unit costs and corporate expenses scale favorably with production and sales.

Sequentially, the previous quarter’s net profit expansion of 83.07% reflected the company’s ability to translate top-line recovery into bottom-line progress. If that operating cadence is maintained, adjusted EPS might benefit from both gross margin support and balanced overhead absorption, although the absolute level of gross margin for this quarter remains unspecified. Within this setup, even small gains in unit efficiency, ore grade mix, or by-product contributions can have outsize impacts on profitability metrics; this is because a growing share of each incremental sales dollar could drop through to EBIT at this stage of the revenue curve. The headline forecast for adjusted EPS at $0.67, up 225.12% year-over-year, aligns with the concept of multi-line operating leverage—where revenue, gross margin and SG&A efficiency combine to accelerate earnings faster than sales.

Largest Growth Contributor and Shape of Earnings

Based on the available categorization, Net Sales remains both the core business and the main growth contributor, having reached $431.04 million last quarter (132.07% year-over-year growth). The forecasted revenue of $451.60 million for the current quarter suggests a further step-up in absolute sales dollars, which, if matched by a disciplined cost base, could reinforce EBIT and adjusted EPS outperformance. Notably, the spread between revenue growth of 52.41% year-over-year and EBIT growth of 289.36% year-over-year implies rising incremental margins; if that pattern materializes, even a moderately lower gross margin than last quarter might still translate into stronger EBIT and EPS on a full-period basis.

The shape of earnings this quarter will likely be determined by three quantitative pivots: the realized sales mix underpinning Net Sales, the conversion rate of gross profit into EBIT as operating costs scale, and the translation of EBIT into adjusted EPS after finance costs and taxes. Last quarter’s revenue outperformance relative to estimates ($431.04 million actual vs. $355.57 million estimated) indicates that a favorable variance can quickly expand profit metrics; a comparable dynamic this quarter could bias EBIT higher than the current $178.91 million estimate, all else equal. Conversely, if mix or costs trend less favorably than in the most recent report, some of that implied operating leverage could normalize; in that scenario, the earnings curve would still likely exceed last year’s baseline given the magnitude of the year-over-year forecast growth in top line.

What Matters Most for the Stock This Quarter

Three elements are poised to matter most for the share price reaction: the degree to which revenue meets or exceeds the $451.60 million forecast, the sustainability of margins versus last quarter’s 51.72% gross margin and 38.78% net margin, and the magnitude of the EPS print relative to the forecasted $0.67. A print in line with or above the revenue estimate would support the premise that the company has entered a higher run-rate phase; if that print is coupled with an EBIT outcome that aligns with or outpaces the implied 39.62% EBIT margin, the earnings quality signal would be difficult to ignore. The degree of EPS acceleration is also critical—because forecasts embed a 225.12% year-over-year increase, the market will look to confirm whether the conditions that produced the prior quarter’s sequential profit surge are still intact, particularly in cost-of-sales and overhead spend.

Beyond headline numbers, the revenue composition within Net Sales will shape sentiment. If the company can demonstrate a sales mix or operating cadence consistent with last quarter’s 132.07% year-over-year revenue expansion, it would underscore durability in the new run-rate. Conversely, if revenue growth is intact but margin metrics soften, investors will scrutinize whether any changes reflect temporary factors or a new cost baseline. Because the last quarter established a high margin watermark, the hurdle for sustaining that profile is elevated; the company’s commentary around unit costs, realized price mix, and the timing of any maintenance or logistical items will likely frame how the market extrapolates earnings beyond this quarter.

Analyst Opinions

Within the January 1, 2026 to February 19, 2026 window, there were no identifiable new analyst previews or published rating changes specific to the upcoming quarter that meet the stated timeframe constraints, and therefore no clear bullish-versus-bearish majority view emerges. In the absence of a documented majority opinion, market participants are likely to anchor on the company-tied forecasts summarized above—revenue of $451.60 million (up 52.41% year-over-year), EBIT of $178.91 million (up 289.36% year-over-year), and adjusted EPS of $0.67 (up 225.12% year-over-year)—and judge results against last quarter’s margin cadence, which featured a 51.72% gross margin and a 38.78% net margin.

While there are no fresh institutional quotes to cite within the period, the analytical emphasis evident from the forecast contour is straightforward: validate the step-change in top line while preserving a meaningful share of last quarter’s margin structure. That framework implicitly prioritizes conversion—how much of each incremental sales dollar becomes EBIT and EPS—over absolute revenue alone. Should the reported figures on February 26, 2026 confirm the implied operating leverage embedded in the EBIT and EPS growth rates, the interpretation would favor a constructive view on earnings momentum; if, instead, the revenue growth materializes but the translation to EBIT and EPS proves weaker than the implied 39.62% margin scaffold, the narrative would likely shift toward a more tempered assessment of the earnings power at the current run-rate.

In practical terms, this means the read-through from the print will hinge on a small set of quantifiable checkpoints: revenue versus $451.60 million, adjusted EPS versus $0.67, EBIT versus $178.91 million, and qualitative detail that clarifies the sustainability of the prior quarter’s margin geometry. The scarcity of new external previews heightens the importance of those checkpoints for price discovery. As such, the most relevant lens for interpreting institutional reaction will be the relationship among these three variables—revenue scale, margin integrity, and EPS realization—rather than isolated focus on a single line item. If the company demonstrates continuity on all three vectors, the inference most observers would draw is that the earnings base has moved higher in a way that is consistent with the forecasted year-over-year accelerations laid out above.