The call reflected a strong positive sentiment, driven by transformative strategic partnerships with the Department of Defense and Apple, substantial revenue growth, and operational milestones in production. While there are challenges in scaling and changes to sales channels, the overall outlook remains very promising.

Company Guidance -

Q3 2025

During the MP Materials Second Quarter 2025 Earnings Call, the company provided detailed guidance on several key metrics. The Department of Defense (DoD) partnership includes a $400 million investment in convertible preferred equity and a $150 million low-interest loan to expand the rare earth separation circuit, with the DoD becoming the largest shareholder. A $110 per kilogram price floor for NdPr products has been established, with potential upside sharing if prices exceed this level. The DoD's commitment also guarantees a $140 million minimum EBITDA for a new facility that will expand magnet manufacturing capacity to 10,000 metric tons annually. Additionally, MP Materials announced a partnership with Apple, resulting in over $500 million in contracted magnet purchases starting in 2027, supported by $200 million in milestone-based prepayments. In terms of operational performance, the company achieved a 6% sequential growth in NdPr oxide production and a record REO production at Mountain Pass. The Magnetic segment saw increased NdPr metal production and significant revenue growth, with commercial magnet production anticipated later this year. Financially, second-quarter revenue increased by 84% year-over-year, driven by a strong ramp-up in sales of magnet precursor products and record NdPr oxide production.

Strategic Partnerships with Department of Defense and Apple

MP Materials announced transformative agreements with the Department of Defense (DoD) and Apple, including a $400 million investment and a $150 million loan from the DoD, and a $200 million prepayment agreement with Apple.

Significant Revenue Growth

Second quarter revenue increased by 84% year-over-year, driven by the ramp-up in sales of magnet precursor products and record production of NdPr oxide at Mountain Pass.

Operational Success in NdPr Oxide and REO Production

Achieved 6% sequential growth in NdPr oxide production and the second highest quarterly REO production at Mountain Pass, with record recoveries.

Magnetic Segment Development

Expanded NdPr metal production and sales volumes, leading to significant revenue growth and EBITDA generation. Consistent production of magnets meeting customer specifications for EV traction motors.

Fortress Balance Sheet

Post funding and recent equity raise, MP Materials reports nearly $2 billion in cash on the balance sheet, providing strong financial positioning.

MP Materials (MP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	-0.16 / -	-0.12	―	―	―
Aug 07, 2025	2025 (Q2)	-0.20 / -0.13	-0.17	23.53% (+0.04)
May 08, 2025	2025 (Q1)	-0.13 / -0.12	-0.04	-200.00% (-0.08)
Feb 20, 2025	2024 (Q4)	-0.13 / -0.12	-0.02	-500.00% (-0.10)
Nov 07, 2024	2024 (Q3)	-0.13 / -0.12	0.04	-400.00% (-0.16)
Aug 01, 2024	2024 (Q2)	-0.09 / -0.17	0.09	-288.89% (-0.26)
May 02, 2024	2024 (Q1)	-0.03 / -0.04	0.27	-114.81% (-0.31)
Feb 22, 2024	2023 (Q4)	-0.04 / -0.02	0.42	-104.76% (-0.44)
Nov 02, 2023	2023 (Q3)	<0.01 / 0.04	0.36	-88.89% (-0.32)
Aug 03, 2023	2023 (Q2)	0.06 / 0.09	0.43	-79.07% (-0.34)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$71.07	$74.32	+4.57%
May 08, 2025	$23.85	$21.95	-7.97%
Feb 20, 2025	$23.18	$24.30	+4.83%
Nov 07, 2024	$19.98	$19.50	-2.40%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does MP Materials (MP) report earnings?

MP Materials (MP) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is MP Materials (MP) earnings time?

MP Materials (MP) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MP EPS forecast?

MP EPS forecast for the fiscal quarter 2025 (Q3) is -0.16.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing