Mp Materials Corp (MP)
NYSE:MP
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.03Last Year’s EPS
-0.13Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights robust operational momentum—record NdPr production and sales, stronger materials revenue (about 2x YOY), improved consolidated results (revenue +28% sequential, EPS turned positive), significant cash on hand ($1.7B), and clear progress on magnetics and heavy rare earth separation. Near-term headwinds include a planned Q2 production dip from maintenance/commissioning, diminishing PPA income from stockpiles, lumpiness in magnetics revenue as precursor prepayments roll off and PPAP validation continues, and substantial near-term CapEx and investments that press cash deployment. Overall, the company shows strong execution and strategic positioning with manageable, anticipated operational and timing risks.Company Guidance
Record NdPr Oxide Production
Produced a record 917 metric tons of NdPr oxide, up 63% year-over-year and 28% sequentially.
Strong NdPr Oxide Sales
NdPr oxide sales totaled 1,006 metric tons, more than double prior-year levels (>100% YoY) and 79% higher than Q4.
Highest First-Quarter Concentrate Output
Concentrate production was just under 13,000 metric tons of REO, a 6% year-over-year increase and the company's highest Q1 output to date.
Materials Segment Revenue and Profitability
Materials segment revenue and PPA income were $114.5 million (approximately 2x last year's Q1) and segment adjusted EBITDA was $36.7 million.
Consolidated Revenue and Improved EPS
Consolidated revenue and PPA income of $132.9 million (up 28% sequentially from Q4) and adjusted diluted EPS of $0.03 vs a loss of $0.12 in prior-year Q1; consolidated adjusted EBITDA was $36.6 million.
Magnetics Progress and Early Revenue
Magnetics segment delivered $21.1 million of revenue and $9.6 million of segment adjusted EBITDA; commercial magnetic performance is meeting customer specifications and initial magnet revenue expected in 2026 with modest early deliveries.
Customer and Contract Visibility
Substantial contracted visibility with marquee partners including GM, Apple and the Department of War; received $32 million Apple prepayment in February bringing total Apple prepayments to $72 million.
Balance Sheet Strength
Ended the quarter with $1.7 billion of cash and short-term investments, which management states fully funds the long-term capital plan.
Technology and Capacity Milestones
Heavy rare earth separation circuit expected to begin commissioning in Q2 with terbium and dysprosium production later this year; recycling circuit (Apple agreement) advanced into engineering and procurement; broke ground on 10x and progressing Independence expansions toward 3,000 tpa magnet capacity.
CapEx Plan to Support Growth
Quarterly CapEx was $77.4 million (≈60% magnetics); company maintains full-year CapEx guidance of $500 million to $600 million to fund expansion (10x site acquisition and construction accelerating in Q2).
MP Earnings History
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 |
|---|---|---|---|
May 07, 2026 | $69.13 | $67.43 | -2.46% |
Feb 26, 2026 | $60.00 | $58.87 | -1.88% |
Nov 06, 2025 | $51.95 | $58.60 | +12.80% |
Aug 07, 2025 | $71.07 | $74.32 | +4.57% |
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 Corp (MP) report earnings?
Mp Materials Corp (MP) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Mp Materials Corp (MP) earnings time?
Mp Materials Corp (MP) earnings time is at Jul 30, 2026, 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 2026 (Q2) is 0.03.