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MP Materials Corp. (MP) Q1 2026 Earnings Call Transcript

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Q1: 2026-05-07 Earnings Summary

EPS of $0.03 beats by $0.07

 | Revenue of $90.65M (49.07% Y/Y) beats by $15.19M

MP Materials Corp. (MP) Q1 2026 Earnings Call May 7, 2026 5:00 PM EDT

Company Participants

Martin Sheehan – Senior Vice President of Investor Relations
James Litinsky – Co-Founder, Chairman, President & CEO
Ryan Corbett – Chief Financial Officer
Michael Rosenthal – Co-Founder & COO

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Conference Call Participants

George Gianarikas – Canaccord Genuity Corp., Research Division
Brian Lee – Goldman Sachs Group, Inc., Research Division
Corinne Blanchard – Deutsche Bank AG, Research Division
Lawson Winder – BofA Securities, Research Division
William Peterson – JPMorgan Chase & Co, Research Division
Davis Sunderland – Robert W. Baird & Co. Incorporated, Research Division
Sam Brandeis – Wedbush Securities Inc., Research Division
Carlos de Alba – Morgan Stanley, Research Division

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Presentation

Operator

Hello, and welcome to the MP Materials Q1 2026 Earnings Call. [Operator Instructions] Also, as a reminder, this conference is being recorded. If you have any objections, please disconnect at this time. With that, I would like to turn the call over to Martin Sheehan, Head of Investor Relations. Mr. Sheehan, you may begin.

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Martin Sheehan
Senior Vice President of Investor Relations

Thank you, operator, and good afternoon, everyone. Welcome to the MP Materials First Quarter 2026 Earnings Conference Call. With me today from MP Materials are Jim Litinsky, Founder, Chairman and Chief Executive Officer; Michael Rosenthal, Founder and Chief Operating Officer; and Ryan Corbett, Chief Financial Officer.

As a reminder, today’s discussion will contain forward-looking statements relating to future events and expectations that are subject to various assumptions and caveats. Factors that may cause the company’s actual results to differ materially from these statements are included in today’s presentation, earnings release and in our SEC filings.

In addition, we have included some non-GAAP financial measures in this presentation. Reconciliations to the most directly comparable GAAP financial measures can be found in today’s earnings release and the appendix to today’s presentation. Any reference

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