# MP Materials (MP) — Earnings

MP · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/mp/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | −$0.01 |
| EPS estimate | −$0.01 |
| EPS surprise | +0.99% |
| Revenue surprise | +11.98% |
| Revenue | $108.5M |
| Revenue estimate | $96.9M |
| Reported | Aug 6, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1801368/000180136826000048/mp-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/c45dbf7c-135a-3d11-4a60-2ca6f1df2c64.html) |

MP Materials reported Q2 2026 results on August 6, 2026. It posted a loss of $0.01 per share, in line with the estimated $0.01 loss, a 0.99% positive surprise. Revenue was $108.5 million, 11.98% above the $96.9 million consensus. Compared with Q2 2025, the loss narrowed from $0.13 per share and revenue rose about 89% from $57.4 million.

The table shows profits through Q3 2023, then losses. Annual EPS was $1.71 in 2022 and $0.38 in 2023, followed by losses of $0.45 per share in 2024 and $0.26 in 2025. Q4 2023 through Q3 2025 were eight straight loss-making quarters, the deepest at $0.17 in Q2 2024. Q4 2025 and Q1 2026 returned to small profits of $0.09 and $0.03. Revenue peaked at $166.3 million in Q1 2022 and bottomed at $31.3 million in Q2 2024. MP Materials beat the EPS estimate in 18 of the last 20 quarters.

Q3 results came between November 2 and November 7 in each of the past five years. That points to early November 2026 for the next report, which will show whether revenue keeps rising and earnings stay near break-even or better.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 6, 2026 | −$0.01 | −$0.01 | 0.99% | $96.9M | $108.5M |
| Q1 2026 | May 7, 2026 | −$0.03 | $0.03 | 206.38% | $74.8M | $90.6M |
| Q4 2025 | Feb 26, 2026 | −$0.00 | $0.09 | 30100.00% | $67.7M | $52.7M |
| Q3 2025 | Nov 6, 2025 | −$0.17 | −$0.10 | 42.16% | $53.2M | $53.6M |
| Q2 2025 | Aug 7, 2025 | −$0.20 | −$0.13 | 34.01% | $46.1M | $57.4M |
| Q1 2025 | May 8, 2025 | −$0.13 | −$0.12 | 9.98% | $63.2M | $60.8M |
| Q4 2024 | Feb 20, 2025 | −$0.13 | −$0.12 | 7.05% | $52.6M | $61.0M |
| Q3 2024 | Nov 7, 2024 | −$0.13 | −$0.12 | 5.73% | $40.1M | $62.9M |
| Q2 2024 | Aug 1, 2024 | −$0.09 | −$0.17 | -89.10% | $40.0M | $31.3M |
| Q1 2024 | May 2, 2024 | −$0.03 | −$0.04 | -18.34% | $47.3M | $48.7M |
| Q4 2023 | Feb 22, 2024 | −$0.04 | −$0.02 | 49.11% | $45.5M | $41.2M |
| Q3 2023 | Nov 2, 2023 | $0.00 | $0.04 | 5614.29% | $51.8M | $52.5M |
| Q2 2023 | Aug 3, 2023 | $0.06 | $0.09 | 52.28% | $61.0M | $64.0M |
| Q1 2023 | May 4, 2023 | $0.19 | $0.27 | 44.62% | $89.6M | $95.7M |
| Q4 2022 | Feb 23, 2023 | $0.16 | $0.42 | 161.68% | $77.3M | $93.2M |
| Q3 2022 | Nov 3, 2022 | $0.29 | $0.36 | 23.25% | $115.6M | $124.4M |
| Q2 2022 | Aug 4, 2022 | $0.35 | $0.43 | 22.79% | $128.8M | $143.6M |
| Q1 2022 | May 5, 2022 | $0.41 | $0.50 | 23.03% | $137.3M | $166.3M |
| Q4 2021 | Feb 24, 2022 | $0.23 | $0.31 | 32.19% | $94.3M | $99.1M |
| Q3 2021 | Nov 4, 2021 | $0.17 | $0.27 | 56.03% | $77.1M | $99.8M |

## Frequently Asked Questions

### When did MP Materials (MP) last report earnings?

MP Materials last reported on Aug 6, 2026, covering fiscal Q2 2026.

### Did MP beat earnings estimates?

Yes. MP Materials reported EPS of −$0.01 for Q2 2026 against a −$0.01 estimate — a 0.99% beat.

### How much revenue did MP report last quarter?

MP Materials reported $108.5M in revenue for Q2 2026, against a consensus estimate of $96.9M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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