MP Materials Beats Q3 2026 Estimates as Revenue Rises 176% to $147.7M

MP Materials (MP) beat estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $147.7 million, up 176% from a year earlier, above the $117.4 million estimate, and adjusted EPS was $0.04 above the -$0.02 estimate.

Shares rose 0.3% in after-hours trading as of 4:06 p.m. ET, to $33.81 from a $33.71 close.

Q3 2026 scorecard

By our calculation, revenue was $30.3 million above the estimate and adjusted EPS was $0.06 above it. The QoQ column compares with the previous quarter's revenue of $108.5 million and adjusted EPS of -$0.01. The YoY column compares with $53.6 million and -$0.10 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 5 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 6 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $53.6 million, $52.7 million, $90.6 million, $108.5 million and $147.7 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $0.00 and revenue of $136.7 million next quarter, based on 10 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 176% increase to $147.7 million.
• Estimate record. Whether MP Materials extends a record of beating EPS estimates in 5 of its last 8 reports.
• Related coverage. See our reports on Solventum, Nutex Health, Texas Roadhouse and Globus Medical.

Sources: Results are from MP Materials's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from MP Materials's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.