Earnings ·
MP Materials reports Q3 revenue of $147.7M, Adjusted EBITDA of $41.1M
MPMP Materials Corp. / DE
MP Materials Corp. reported third-quarter 2026 financial results showing consolidated revenue of $147.7 million and Adjusted EBITDA of $41.1 million. Revenue increased 176% year over year, driven by higher NdPr oxide and metal sales volumes and stronger market pricing, alongside an $8.1 million price protection agreement income. The company produced 1,018 metric tons of NdPr products, a 41% increase from the prior year period. Adjusted Net Income improved to $8.8 million compared to a loss in the previous year. The Magnetics segment generated $18.6 million in revenue as it completes GM magnet qualification for commercial deliveries starting in Q4. MP Materials is America’s only fully integrated rare earth producer, mining and processing materials in California and manufacturing permanent magnets in Texas.