MP Materials misses Q4 revenue estimates on ceasing sales to China

MP Materials

26/02/2026 21:25

Overview

Rare earth producer's Q4 revenue missed analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company awarded $200 mln incentive for new Texas magnetics facility

Outlook

MP Materials plans to break ground on Northlake magnetics facility in 2026

Company aims to ramp magnet production for General Motors

MP Materials expects continued growth in NdPr output

Result Drivers

MAGNET PRODUCTION - Produced first NdFeB magnets on commercial equipment at Independence, marking a significant operational milestone

REVENUE DECLINE - Ceased all sales to China, leading to a 14% decline in Q4 revenue, partially offset by increased NdPr oxide and magnetic precursor product sales

PRICE PROTECTION AGREEMENT - NdPr price floor protection agreement with the DoW significantly boosted Adjusted EBITDA

Company press release: ID:nBw8ywR07a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$52.69 mln
$67.38 mln (9 Analysts)
Q4 Adjusted EPS
Beat
$0.09
$0.001 (10 Analysts)
Q4 EPS
$0.05
Q4 Adjusted Net Income
Beat
$18.28 mln
-$2.09 mln (4 Analysts)
Q4 Net Income
$9.43 mln
Q4 Adjusted EBITDA
Beat
$39.22 mln
$32.71 mln (9 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"

Wall Street's median 12-month price target for MP Materials Corp is $79.00, about 34.7% above its February 25 closing price of $58.66

The stock recently traded at 94 times the next 12-month earnings vs. a P/E of 96 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)