MP Materials Corp. manages and operates facilities dedicated to the extraction and refinement of rare earth elements. The company's primary asset is ...
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Est. EPS $0.02 · Revenue $445.27M · 8 analysts
Est. EPS $0.82 · Revenue $791.14M · 10 analysts
Est. EPS $0.33 · Revenue $232.72M · 4 analysts
Est. EPS $0.42 · Revenue $253.46M · 5 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $224.4M | +10.1% | +19.7% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-85.9M | -31.3% | -154.7% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | -25.7% | +21.6% | +292.2% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -64.6% | +22.2% | +32.7% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -38.3% | -19.2% | -112.8% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-328.1M | -89.6% | -181.9% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -146.2% | -72.2% | -135.5% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 43.6% | -49.7% | +8.5% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 7.24x | +15.2% | +32.5% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $4.0B | +71.8% | -3.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.50 vs -0.38 | -31.1% | -0.11 vs 0.33 | -133.5% |
| Revenue Surprise | $224.4M vs $234.8M | -4.4% | $108.5M vs $232.7M | -53.4% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | DUCKWORTH CONNIE K | director | Common Stock | A | 624 | — |
| Jun 15, 2026 | DUCKWORTH CONNIE K | director | Common Stock | A | 3,998 | — |
| Jun 15, 2026 | DUCKWORTH CONNIE K | director | Restricted Stock Units | D | 3,998 | — |
| Jun 15, 2026 | WEISENBURGER RANDALL J | director | Common Stock | A | 3,998 | — |
| Jun 15, 2026 | WEISENBURGER RANDALL J | director | Restricted Stock Units | D | 3,998 | — |
Operator: Hello, and welcome to the MP Materials Q2 2026 Earnings Call. [Operator Instructions] Also as a reminder, this conference is being recorded. If you have any objections, please disconnect at this time. With that, I would like to turn the call over to Martin Sheehan, Head of Investor Relations. Mr. Sheehan, you may begin. Martin Sheehan: Thank you, operator, and good afternoon, everyone. Welcome to the MP Materials Second Quarter 2026 Earnings Conference Call. With me today from MP Materials are Jim Litinsky, Founder, Chairman and Chief Executive Officer; Michael Rosenthal, Founder and Chief Operating Officer; and Ryan Corbett, Chief Financial Officer. As a reminder, today's discussion will contain forward-looking statements relating to future events and expectations that are subject to various assumptions and caveats. Factors that may cause the company's actual results to differ materially from these statements are included in today's presentation, earnings release, and in our SEC filings. In addition, we have included some non-GAAP financial measures in this presentation. Reconciliations to the most directly comparable GAAP financial measures can be found in today's earnings release and the appendix to today's slide presentation. Any reference in our discussion today to EBITDA means adjusted EBITDA and tons means metric tons. Finally, the earnings release and slide presentation are available on our website. With that, I'll turn the call over to Jim. James Litinsky: Thank you, Martin, and thank you all for joining us today. This was another strong quarter of execution as we continued scaling both our materials and magnetics businesses. We expanded production, broadened our product portfolio, advanced commercial magnet manufacturing, and continued building the next phase of our operating platform. Starting with the Materials segment, we produced 840 metric tons of NdPr, up 41% year-over-year and consistent with our expectations. Despite an extended planned plant shutdown in April, we met our production objectives while continuing to improve throughput as we ramp production at scale. We expect significant volume growth next quarter as we continue progressing toward our targeted year-end NdPr production run rate. Michael will discuss our operational progress in greater detail shortly. Importantly, customer demand continues to outpace our production growth. NdPr sales exceeded 1,000 metric tons for the second consecutive quarter, up 127% year-over-year. As we scale NdPr production, our engineering and operations teams are also advancing 3 major initiatives: commissioning the heavy rare earth separation circuit, restarting our on-site chlor-alkali facility, and breaking ground on our new recycling facility. Michael will discuss these initiatives in greater detail, but I want to highlight that we are actively commissioning our Dy Tb circuit and remain on track to begin shipping product from Mountain Pass to Independence later this year. In …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
James Henry Litinsky | Co-Founder, Chairman, President & Chief Executive Officer | USD 3,227,047 | Male | 1979 | Active |
Michael Stuart Rosenthal | Co-Founder & Chief Operating Officer | USD 1,973,199 | Male | 1979 | Active |
Ryan S. Corbett | Chief Financial Officer | USD 1,838,082 | Male | 1990 | Active |
Elliot Dean Hoops | General Counsel & Corporate Secretary | USD 1,635,406 | Male | 1975 | Active |
Todd Litinsky | Executive Vice President of Strategic Planning | — | Male | — | Active |
David Gregory Infuso | Chief Accounting Officer & Principal Accounting Officer | — | Male | 1985 | Active |
Martin Sheehan | Senior Vice President of Investor Relations | — | Male | — | Active |
Zachary Lehman | Chief Technology Officer | — | Male | — | Active |
Alan C. Lund | Executive Vice President of Magnetics | — | — | — | Active |
Matt Sloustcher | Executive Vice President of Corporate Affairs & Chief Communications Officer | — | Male | — | Active |
MP Materials Corp. (MP) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.02. This compares to a loss of $0.13 per share a year ago.
MP Materials Corp (NYSE:MP) reported financial results for the second quarter after the market close on Thursday. Here's a rundown of the report.
The Metals Company has a bold business plan, but this rare-earth stock is already generating revenue and profits.
Amundi raised its position in shares of MP Materials Corp. (NYSE: MP) by 260.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 385,001 shares of the company's stock after buying an additional 278,126 shares during the quarter. Amundi owned 0.22% of
MP Materials MP is scheduled to announce its second-quarter 2026 results on Aug. 6, after market close.
