MP Materials Q3 2026 net loss narrows 50% to $20.71 million; revenue more than doubles to $147.66 million
MP•MP Materials’ third-quarter 2026 net loss narrowed 50% year over year to $20.71 million, while revenue more than doubled to $147.66 million. NdPr production rose 41% to 1,018 metric tons, and GM qualification was completed, with saleable magnet deliveries and revenue beginning in the fourth quarter.
1. Quarterly results
MP Materials’ third-quarter 2026 net loss narrowed 50% year over year to $20.71 million, and revenue more than doubled to $147.66 million on higher NdPr oxide and metal sales and stronger market pricing. NdPr production rose 41% to 1,018 metric tons, while sales volume climbed 94% to 1,020 metric tons year over year. GM qualification was completed, with saleable magnet deliveries and revenue beginning in the fourth quarter.
