Jun 2026 (Q2 FY26) — Aug 6, 2026
MP Materials Q2 FY26 — Strong Production Growth and Strategic Heavy Rare Earth Deal
Read the full callMP Materials (MP) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
MP Materials earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 108 | +89.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -29.5 | +46.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -20.3 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$38.95 −3.04% · −$1.22
Performance −51.8% 1Y
1Y: $80.79 on 17 Oct 2025 → $38.95. High $82.9 (20 Oct 2025), low $38.1 (29 Jul 2026).
- Previous close
- $40.17
- 52-week range
- $38.1 – $82.9
- One year
- −53.02%
Overview
- Symbol
- MP
- Sector
- Materials
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
MP Materials Q1 FY26 — Record NDPR Oxide Sales and Strong Operational Progress
Read the full callDec 2025 (Q4 FY25) — Feb 26, 2026
MP Materials Q4 FY25 — Record NdPr Output & Strategic Partnerships Drive Growth
Read the full callEvery analysed call
MP Materials earnings calls (MP)
Financials
What the filings say
Net profit, year on year: +34% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 63 | 61 | 61 | 57 | 54 | 53 | 91 | 108 |
| Expenses | 102 | 105 | 96 | 101 | 121 | 107 | 157 | 158 |
| Operating profit | -40 | -44 | -35 | -44 | -67 | -4 | -24 | -32 |
| Operating margin | −62.8% | −72.1% | −57.2% | −76.5% | −125.2% | −7.0% | −26.6% | −29.5% |
| Interest | 7 | 7 | 8 | 5 | 9 | 10 | 10 | 10 |
| Profit before tax | -35 | -34 | -27 | -43 | -58 | 11 | -14 | -29 |
| Tax rate | 26.8% | 34.2% | 16.7% | 27.7% | 28.5% | 10.7% | 41.6% | 30.8% |
| Net profit | -26 | -22 | -23 | -31 | -42 | 9 | -8 | -20 |
| EPS ($ per share) | -0.16 | — | -0.14 | -0.19 | -0.24 | — | -0.04 | -0.11 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -41 | -63 | 72 | 361 | 386 | 320 | 234 |
| Total liabilities | 120 | 220 | 881 | 925 | 971 | 1,279 | 1,472 |
| Fixed assets | 46 | 502 | 611 | 936 | 1,158 | 1,251 | 1,370 |
| Total assets | 102 | 1,074 | 1,890 | 2,238 | 2,336 | 2,334 | 3,864 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -0 | 3 | 102 | 344 | 63 | 13 | -156 |
| Cash from investing | 6 | -22 | -119 | -1,357 | 69 | 10 | -206 |
| Cash from financing | -4 | 522 | 666 | -24 | -10 | -5 | 1,246 |
| Net cash flow | 1 | 503 | 649 | -1,038 | 121 | 19 | 884 |
| Capital expenditure | -2 | -22 | -124 | -327 | -262 | -186 | -172 |
| Free cash flow | -3 | -19 | -22 | 17 | -199 | -173 | -328 |
MP revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Materials | — | — | 91% | 65% | 59% | 68% | 80% | 88% | +154.8% |
| Magnetics | — | — | 9% | 35% | 41% | 38% | 23% | 15% | -16.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
MP operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Production volume concentrate | 12.08K tonsIn the Materials segment operating metrics, concentrate production totaled 12,080 metric tons, approximately 600 metric tons higher than the prior year period.Source: earnings call transcript | <13K tonsWe also delivered 1 of our strongest concentrate quarters producing just under 13,000 metric tons of REO, a 6% year-over-year increase and our highest first quarter output to date.Source: earnings call transcript | — | — |
| Production volume NdPr oxide | — | 917 tonsIn our Materials segment, the team produced a record 917 metric tons of NPR oxide up 63% year-over-year and 28% sequentially.Source: earnings call transcript | 840 tonsStarting with the Materials segment, we produced 840 metric tons of NdPr, up 41% year-over-year and consistent with our expectations.Source: earnings call transcript | -8.4% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
73 filings between Nov 17, 2025 and Oct 13, 2026.
Open market
decisions to buy or sellPurchases
$1.51M
2 purchases by 1 insider
Sales
$146.81M
32 sales by 3 insiders
31% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 15
- Award — granted as compensation
- 4
- Option exercise — converted options into shares
- 20
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Litinsky James H. | — | $137.21M | Jun 3, 2026 |
| Corbett Ryan | — | $7.70M | May 8, 2026 |
| Hoops Elliot Dean | — | $1.89M | May 8, 2026 |
| Rosenthal Michael Stuart | $1.51M | — | Jun 9, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 13, 2026 | Infuso David Gregory Chief Accounting Officer | Tax withheld | 338 | $14.3K |
| Sep 30, 2026 | DUCKWORTH CONNIE K Director | Award | 740 | $0 |
| Jun 30, 2026 | DUCKWORTH CONNIE K Director | Award | 624 | $0 |
| Jun 15, 2026 | MYERS RICHARD B Director | Option exercise | 3,998 | — |
| Jun 15, 2026 | DUCKWORTH CONNIE K Director | Option exercise | 3,998 | — |
| Jun 15, 2026 | Lavan Maryanne Director | Option exercise | 3,998 | — |
| Jun 15, 2026 | WEISENBURGER RANDALL J Director | Option exercise | 3,998 | — |
| Jun 9, 2026 | Rosenthal Michael Stuart Chief Operating Officer | Purchase | 10,000 | $543.0K |
| Jun 3, 2026 | Litinsky James H. Chairman and CEO | Sale | 37,286 | $2.62M |
| Jun 3, 2026 | Litinsky James H. Chairman and CEO | Sale | 11,740 | $837.2K |
| Jun 3, 2026 | Litinsky James H. Chairman and CEO | Sale | 136,141 | $9.35M |
| May 29, 2026 | Litinsky James H. Chairman and CEO | Sale | 48,050 | $3.10M |
| May 29, 2026 | Litinsky James H. Chairman and CEO | Sale | 1,950 | $127.0K |
| May 28, 2026 | Litinsky James H. Chairman and CEO | Sale | 44,117 | $2.90M |
| May 28, 2026 | Litinsky James H. Chairman and CEO | Sale | 49,265 | $3.28M |
| May 28, 2026 | Litinsky James H. Chairman and CEO | Sale | 6,710 | $457.5K |
| May 28, 2026 | Litinsky James H. Chairman and CEO | Sale | 39,445 | $2.67M |
| May 28, 2026 | Litinsky James H. Chairman and CEO | Sale | 95,114 | $6.15M |
| May 27, 2026 | Litinsky James H. Chairman and CEO | Sale | 23,113 | $1.53M |
| May 27, 2026 | Litinsky James H. Chairman and CEO | Sale | 92,236 | $6.01M |
| May 20, 2026 | Rosenthal Michael Stuart Chief Operating Officer | Purchase | 17,000 | $962.5K |
| May 13, 2026 | Litinsky James H. Chairman and CEO | Sale | 83,229 | $5.40M |
| May 13, 2026 | Litinsky James H. Chairman and CEO | Sale | 93,959 | $6.14M |
| May 12, 2026 | Litinsky James H. Chairman and CEO | Sale | 19,844 | $1.33M |
| May 12, 2026 | Litinsky James H. Chairman and CEO | Sale | 102,968 | $6.76M |
| May 8, 2026 | Hoops Elliot Dean General Counsel and Secretary | Sale 10b5-1 plan | 6,958 | $521.9K |
| May 8, 2026 | Corbett Ryan Chief Financial Officer | Sale 10b5-1 plan | 20,000 | $1.50M |
| Apr 20, 2026 | Litinsky James H. Chairman and CEO | Sale 10b5-1 plan | 259,179 | $16.60M |
| Apr 17, 2026 | Litinsky James H. Chairman and CEO | Sale 10b5-1 plan | 40,821 | $2.61M |
| Apr 1, 2026 | Infuso David Gregory Chief Accounting Officer | Tax withheld | 804 | $38.9K |
| Mar 31, 2026 | DUCKWORTH CONNIE K Director | Award | 725 | $0 |
| Mar 17, 2026 | Corbett Ryan Chief Financial Officer | Sale 10b5-1 plan | 46,000 | $2.76M |
| Mar 16, 2026 | Hoops Elliot Dean General Counsel and Secretary | Sale 10b5-1 plan | 13,914 | $835.0K |
| Jan 22, 2026 | Infuso David Gregory Chief Accounting Officer | Tax withheld | 1,198 | $81.9K |
| Jan 20, 2026 | Hoops Elliot Dean General Counsel and Secretary | Sale 10b5-1 plan | 7,823 | $533.6K |
| Jan 14, 2026 | Hoops Elliot Dean General Counsel and Secretary | Tax withheld | 1,300 | $90.1K |
| Jan 14, 2026 | Corbett Ryan Chief Financial Officer | Tax withheld | 3,511 | $243.3K |
| Jan 14, 2026 | Infuso David Gregory Chief Accounting Officer | Tax withheld | 444 | $30.8K |
| Jan 13, 2026 | Hoops Elliot Dean General Counsel and Secretary | Tax withheld | 3,769 | $240.5K |
| Jan 13, 2026 | Rosenthal Michael Stuart Chief Operating Officer | Tax withheld | 9,083 | $579.7K |
| Jan 13, 2026 | Corbett Ryan Chief Financial Officer | Tax withheld | 5,948 | $379.6K |
| Jan 13, 2026 | Infuso David Gregory Chief Accounting Officer | Tax withheld | 1,820 | $116.2K |
| Jan 13, 2026 | Litinsky James H. Chairman and CEO | Tax withheld | 35,053 | $2.24M |
| Jan 12, 2026 | Infuso David Gregory Chief Accounting Officer | Award | 3,894 | $0 |
| Jan 12, 2026 | Hoops Elliot Dean General Counsel and Secretary | Tax withheld | 4,526 | $295.7K |
| Jan 12, 2026 | Hoops Elliot Dean General Counsel and Secretary | Tax withheld | 9,028 | $589.9K |
| Jan 12, 2026 | Hoops Elliot Dean General Counsel and Secretary | Award | 22,942 | $0 |
| Jan 12, 2026 | Hoops Elliot Dean General Counsel and Secretary | Award | 8,722 | $0 |
| Jan 12, 2026 | Rosenthal Michael Stuart Chief Operating Officer | Tax withheld | 10,619 | $693.8K |
| Jan 12, 2026 | Rosenthal Michael Stuart Chief Operating Officer | Award | 33,648 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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