Quarterly ResultMay 7, 2026, 04:12 PM
MP Materials Q1 NdPr Production +63%, Sales +117%; Revenue +49%
AI Summary
MP Materials reported strong first-quarter 2026 results, driven by record NdPr production and sales volumes. Consolidated revenue increased significantly by 49% year-over-year to $90.6 million, and the company achieved a positive Adjusted EBITDA of $36.6 million, a substantial improvement from a loss in the prior year. Net loss also improved by 65% to $(8.0) million, reflecting strong operational execution and progress on vertical integration initiatives, including breaking ground on the 10X magnetics facility.
Key Highlights
- Record NdPr production of 917 metric tons, a 63% increase year-over-year.
- Record NdPr sales of 1,006 metric tons, a 117% increase year-over-year.
- Consolidated revenue increased 49% to $90.6 million, with $42.3 million in PPA Income.
- Adjusted EBITDA reached $36.6 million, a significant improvement from a $(2.7) million loss.
- Net loss improved by 65% to $(8.0) million from $(22.6) million in Q1 2025.
- Materials Segment revenue grew 30% to $72.2 million, with Adjusted EBITDA up 877% to $36.7 million.
- Magnetics Segment revenue surged 306% to $21.1 million, generating $9.6 million in Adjusted EBITDA.
- Broke ground on the 10X magnetics facility, advancing growth initiatives.