Is MP Materials (MP) Stock a Buy After a Strong Q2 and Nine-Figure Defense Contract?
TLDR
- MP Materials posted Q2 2026 revenue of $108.5 million, beating analyst estimates by 13.33%
- NdPr production hit 840 metric tons, up 41% year-over-year, with sales volumes up 127%
- Adjusted EBITDA swung to $28.5 million from a loss of $12.5 million in Q2 2025
- The company secured a nine-figure long-term offtake deal with a new U.S. aerospace and defense customer
- Wall Street has a median 12-month price target of $78.50, roughly 39.5% above the current price of $47.49
MP Materials stock closed at $47.49 on August 6, down 0.88%, before edging up to $47.67 in after-hours trading. The stock remains about 52.7% below its 52-week high of $100.25.
Revenue came in at $108.5 million for Q2 2026, up 89% from a year ago. That beat the analyst consensus of $99.18 million by a healthy margin.
Adjusted diluted EPS came in at -$0.01, just missing the $0.01 consensus. The company reported a quarterly net loss of $20.3 million, or -$0.11 per share on a reported basis.
$MP MATERIALS Q2โ26 EARNINGS HIGHLIGHTS
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