Rare earth miners slid into Tuesday's close as investors dump AI-adjacent trades.
MP Materials MP reported an 89% year-over-year surge in second-quarter 2026 revenues to $108.5 million, bringing first-half revenues to $199 million. Compared with the first half of 2025, this represents a 68% increase.
Shares of U.S. rare earth and critical minerals producers are broadly higher in Friday's midday session.
MP Materials surges 15% after Q2 revenues jump 89%, but high costs, estimate cuts and a premium valuation cloud the outlook.
Shares of MP Materials (NYSE:MP) are extending a powerful rebound, trading up 6.76% to $54.56 in the Monday session after opening at $51.11.
MP Materials NYSE: MP reported second-quarter 2026 revenue and PPA income of $126.1 million, more than double the prior-year period, as sales volumes of neodymium-praseodymium, or NdPr, increased 127% year over year. Consolidated adjusted EBITDA was $28.5 million, improving by $41 million from a year earlier, while adjusted diluted earnings per share improved $0.12 to a loss of $0.01 per share.
MP Materials targets Q3 NdPr output above 1,000 tons, Q4 commercial magnet shipments and expansion into heavy rare earth products.
MP Materials Corp. (MP) Q2 2026 Earnings Call Transcript
MP Materials Corp. (MP) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.02. This compares to a loss of $0.13 per share a year ago.
MP Materials MP is scheduled to announce its second-quarter 2026 results on Aug. 6, after market close.
MP Materials (MP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MP Marerials' operating gains and strong liquidity support its rare earth buildout, but a premium valuation and unfinished project ramps favor patience.