MP Materials Q1 revenue rises 49%, beats estimates

MP Materials

07/05/2026 22:01

Overview

US rare earth producer's Q1 revenue rose 49%, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company cites record NdPr production and sales as key drivers of results

Outlook

Company did not provide specific guidance for current or future quarters

Result Drivers

NDRP VOLUME AND PRICING - Higher NdPr oxide and metal sales, reflecting a 117% increase in sales volume and stronger market prices, drove revenue growth

PRICE PROTECTION AGREEMENT - Price protection agreement income contributed $42.3 mln to results, supporting Adjusted EBITDA and Net Income improvements

MAGNETICS SEGMENT GROWTH - Increased production of magnetic precursor products boosted Magnetics segment revenue by 306% year over year

Company press release: ID:nBw2cFx1Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$90.65 mln
$76.46 mln (8 Analysts)
Q1 Adjusted EPS
Beat
$0.03
-$0.003 (10 Analysts)
Q1 Adjusted Net Income
Beat
$6.65 mln
-$4.21 mln (6 Analysts)
Q1 Net Income
-$7.97 mln
Q1 Adjusted EBITDA
Beat
$36.61 mln
$28.46 mln (9 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", no "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 $79.50, about 9.4% above its May 6 closing price of $72.65

The stock recently traded at 112 times the next 12-month earnings vs. a P/E of 86 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.)