MP Materials Corp.: Beat — EPS $0.04, Revenue $147.66M
Earnings BeatQ3 2026 · After-market
Did MP Materials Corp. (MP) beat earnings?
Yes, MP Materials Corp. (MP) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+500.00% surprise
$0.04Actual
Expected: -$0.01
vs. year ago +140.0%
Total Revenue+24.23% surprise
$147.66MActual
Expected: $118.86M
vs. year ago +176.0%
Released Nov 05 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $147.66M | $53.55M | +176.0% |
| Revenue detail — reported lines | |||
| └─Materials Segment | $133.54M | $31.64M | +322.0% |
| └─NdPr oxide and metal | $100.96M | $30.91M | +227.0% |
| └─Other revenue | $32.58M | $730.00K | - |
| └─Magnetics Segment | $18.62M | $21.91M | -15.0% |
| └─Magnetic precursor products revenue | $18.62M | $21.91M | -15.0% |
| └─Intercompany eliminations | $(0.001)M | $(4.507)M | - |
| Net loss | $(20.710)M | $(41.780)M | +50.0% |
| GAAP Basic EPS | $(0.12) | $(0.24) | +50.0% |
| GAAP Diluted EPS | $(0.12) | $(0.24) | +50.0% |
| Adjusted Diluted EPS | $0.04 | $(0.10) | - |
Business Highlights
- ➤Completed GM magnet qualification.
- ➤Saleable GM magnet deliveries are set to begin in Q4.
- ➤Magnetics production is ramping at the Independence facility.
- ➤Materials segment operates the Mountain Pass mine and processing facility.
- ➤Magnetics segment includes the Fort Worth, Texas Independence facility and 10X Facility.
Management Commentary
James Litinsky, Founder, Chairman and CEO of MP Materials
“MP Materials delivered a strong quarter of growth across production, sales, and earnings. Most importantly, we completed the GM qualification process, with saleable magnet deliveries and revenue beginning in the fourth quarter. This milestone is the result of years of compounding capabilities across the MP platform and marks an inflection point for our business and mission.”