MP Materials stock rises after stronger first-quarter earnings
Updated
Updated · Barron's · May 7
MP Materials stock rises after stronger first-quarter earnings
4 articles · Updated · Barron's · May 7
Shares gained 3.7% to $71.68 after hours after MP posted earnings of 3 cents a share on $90.6 million in sales, beating forecasts for a 3-cent loss on about $75 million.
Sales jumped nearly 50% from a year earlier as the company sold more higher-value NdPr oxide and metal and benefited from stronger pricing. Record NdPr production reached 917 metric tons, while sales hit 1,006 tons.
MP also broke ground on a 10X magnet facility in Northlake, Texas, and expects to commission heavy rare earth separation in the second quarter, advancing US efforts to build a domestic supply chain.
Could new rare-earth-free magnet technologies make America's massive supply chain investment obsolete?
Can US government backing build a rare earth supply chain that can truly challenge China's global dominance?
MP Materials Achieves Breakthrough Q1 2026 with $90.6M Revenue and 117% NdPr Sales Growth
Overview
MP Materials achieved a record first quarter in 2026 with consolidated revenue of $90.6 million, a 49% increase year-over-year, driven by a 63% rise in NdPr production and a 117% surge in NdPr sales. The company’s vertical integration strategy, linking its Mountain Pass mine to magnet manufacturing in Texas, supports this growth, highlighted by ramping production at the Fort Worth plant and the groundbreaking of the large-scale 10X magnetics facility. Strong government backing through a Department of Defense partnership ensures revenue stability with guaranteed purchases and price floors. Despite rising costs and execution risks, growing demand for rare earth magnets in EVs, defense, and renewable energy positions MP Materials as a key player in reshoring critical U.S. supply chains.