USA Rare Earth Misses Q3 2026 Estimates

USA Rare Earth (USAR) missed estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $3.0 million below the $12.9 million estimate, and adjusted EPS was -$0.44, up 73% from a year earlier, below the -$0.10 estimate.

Shares fell 6.1% in after-hours trading as of 4:22 p.m. ET, to $8.23 from a $8.76 close.

Q3 2026 scorecard

By our calculation, revenue was $9.9 million below the estimate and adjusted EPS was $0.34 below it. The QoQ column compares with the previous quarter's revenue of $5.8 million and adjusted EPS of -$0.15.

Track record

• EPS record. Adjusted EPS beat the estimate in 2 of the last 7 reports, including this one.
• Revenue record. Revenue beat the estimate in 1 of the last 4 reports.
• Revenue trend. Revenue over the last 4 reports, oldest first: $1.6 million, $5.7 million, $5.8 million and $3.0 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of -$0.10 and revenue of $43.2 million next quarter, based on 2 analysts.
• Estimate record. Whether USA Rare Earth returns to beating EPS estimates, which it did in 2 of its last 7 reports.
• Share reaction. How shares trade in the next regular session after the 6.1% decline in after-hours trading.
• Related coverage. See our reports on Lineage, Occidental Petroleum, Securitize and National Health Investors.

Sources: Results are from USA Rare Earth's Nov. 9, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from USA Rare Earth's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.