Overview
- MP Materials posted earnings of 3 cents per share versus an expected 3‑cent loss, with revenue of $90.6 million topping forecasts of about $75 million.
- The company set records with 917 metric tons of neodymium‑praseodymium (NdPr) produced and 1,006 metric tons sold, up 63% and 117% year over year; NdPr is used to make strong magnets for motors, electronics, and drones.
- Profitability metrics improved as the GAAP net loss narrowed to $8 million from $22.7 million a year earlier, and adjusted EBITDA turned positive to $36.6 million from a loss.
- Shares spiked as much as 9.6% after the report before later trading down about 3% near $67, showing a volatile reaction to the beat.
- MP said it broke ground on its 10X magnet plant in Northlake, Texas, and expects to commission a heavy rare‑earth separation unit in the second quarter of 2026, steps that deepen domestic processing capacity.