MP Materials reported revenue of $147.7 million for the quarter ended September 30, 2026, up 176 percent from $53.6 million a year earlier, plus $8.1 million of income under its price protection agreement with the US government. NdPr production rose 41 percent to 1,018 metric tons and NdPr sales rose 94 percent to 1,020 metric tons, Materials segment revenue reached $133.5 million, and revenue also included a $31.6 million sale of SEG+ material to a US aerospace and defense customer. Adjusted EBITDA was $41.1 million against a loss of $12.6 million a year earlier, the net loss narrowed to $20.7 million from $41.8 million, and the company said it has completed General Motors magnet qualification, with saleable magnet deliveries and revenue beginning in the fourth quarter.
MP Materials revenue rises 176 percent as GM qualification completes
MP Materials reported third quarter revenue of $147.7 million, up 176 percent from a year earlier, with NdPr production up 41 percent to 1,018 metric tons and sales up 94 percent to 1,020 metric tons.
Why it matters: The quarter pairs the US price protection agreement's first income with the completion of General Motors magnet qualification, the step that moves MP Materials from selling rare earth materials into selling finished magnets.
Data as of MP Materials' results release for the quarter ended September 30, 2026, published November 5, 2026 via Business Wire and read in full in this run; all figures are the company's own. The Mining Weekly item that surfaced the results in the feed pool could not be opened on either of two routes (its Google News redirect failed), so this item is written from the company's release itself. Developing item.
Sources
- MP Materials Reports Third Quarter 2026 Results - MP Materials Corp. via Business Wire - 2026-11-05