MP Materials — Third Quarter 2026 Earnings Summary

MP Materials reported third-quarter 2026 consolidated revenue of $147.7 million, a 176% increase year over year, driven by higher NdPr oxide and metal sales volumes and pricing. The company achieved NdPr production of 1,018 metric tons and sales of 1,020 metric tons, while generating $41.1 million in Adjusted EBITDA. A significant milestone was reached with the completion of GM magnet qualification, enabling saleable deliveries and revenue commencement in the fourth quarter. Additionally, the Materials Segment recorded $133.5 million in revenue and $47.8 million in Adjusted EBITDA, bolstered by $8.1 million in price protection agreement income.