MP Materials FY26 Q2 net loss narrows to $20.3 million; revenue rises 89% to $108.49 million - MP News | RalliesMP Materials FY26 Q2 net loss narrows to $20.3 million; revenue rises 89% to $108.49 million
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MP• Q2 results and production
- MP Materials posted a Q2 net loss of $20.3 million, narrowing from a $30.9 million loss a year earlier.
- Revenue rose 89% year over year to $108.5 million.
- Non-GAAP adjusted EBITDA turned positive at $28.5 million from a loss of $12.5 million; non-GAAP adjusted net loss narrowed to $2.1 million.
- NdPr production climbed 41% to 840 metric tons; NdPr sales more than doubled to 1,006 metric tons.
Commercial and strategic updates
- MP Materials signed a long-term offtake deal for separated gadolinium with a new U.S. aerospace and defense customer.
- The company also launched Project Swarm for drone demand aggregation.
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