MP Materials Stock Rises After Hours on Q3 Revenue Jump

MP Materials (NYSE: MP) shares rose 2.45% in after-hours trading on November 5, 2026, after the rare earths producer released its MP Materials Q3 2026 results. Revenue jumped 176% year over year to $147.7 million, from $53.6 million.

What MP Materials reported

Metric	This period	A year earlier	Change
Revenue	$147.7 million	$53.6 million	+176%
Adjusted EBITDA	$41.1 million	-$12.6 million	+$53.7 million
Net loss	-$20.7 million	-$41.8 million	Narrowed 50%
Adjusted diluted EPS	$0.04	-$0.10	+$0.14
NdPr sales volume	1,020 metric tons	525 metric tons	+94%

Adjusted EBITDA is earnings before interest, taxes, depreciation and amortization, with items such as stock-based pay and start-up costs removed. Adjusted EPS is profit per share on the same adjusted basis. NdPr (neodymium-praseodymium) is the rare earth material used to make permanent magnets.

Revenue included a one-off $31.6 million sale of SEG+ to a U.S. aerospace and defense customer, plus higher NdPr prices. The company also booked $8.1 million of price protection agreement income, which it reports separately from revenue. Not every unit grew: Magnetics Segment revenue fell 15% to $18.6 million, which the company tied to the start-up of magnet production at its Independence facility.

Why the stock rose 2.5% after hours

This is an early after-hours read on thin volume and can change by the next session's open. Two details stand out. MP completed its GM magnet qualification, with saleable magnet deliveries and revenue starting in the fourth quarter, a step CEO James Litinsky called "an inflection point for our business and mission." And the Materials Segment posted $47.8 million of adjusted EBITDA, against a $14.5 million loss a year earlier.

What to watch next

First saleable magnet deliveries and revenue from GM in Q4 2026.
Magnetics Segment revenue as production ramps at Independence.
Spending: capital expenditure was $420.3 million in the first nine months, versus $110.0 million a year earlier.

FAQ

How much rare earth did MP Materials produce in Q3 2026?

NdPr production was 1,018 metric tons, up 41% from 721 tons a year earlier. Rare earth concentrate output slipped 3% to 12,887 tons.

How much cash does MP Materials have?

Cash, cash equivalents and short-term investments totaled $1.34 billion on September 30, 2026, down from $1.83 billion at the end of 2025. Long-term debt stood at $936.3 million.

Sources

This article is for information only and is not investment advice.