MP Materials Corp. (MP) Revenue by Segment
MP Materials revenue by segment at a glance
In Q2 fiscal 2026 (the quarter ended June 30, 2026), MP Materials's largest business segment was Materials, with $95.63 million or 85% of revenue, up 154.8% from a year earlier. Next: Magnetics (15%).
By product or service, NdPr Oxide and Metal brought in 84%, Magnetic precursor products brought in 15% and Other Revenue brought in 1% of revenue in Q2 fiscal 2026.
The fastest-growing business segment from a year earlier was Materials (+154.8%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2021.
MP Materials Corp.
Revenue breakdown
Fiscal quarters, from company filings
MP Materials revenue by business segment, last 4 quarters
| Business segment | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Materials | $95.6M | $72.2M | $31.6M | $37.5M | 85% |
| Magnetics | $16.5M | $21.1M | $21.9M | $19.9M | 15% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
MP Materials revenue by product or service, last 4 quarters
| Product or service | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| NdPr Oxide and Metal | $94.4M | $71.1M | $30.9M | $25.0M | 84% |
| Magnetic precursor products | $16.5M | $21.1M | $21.9M | $19.9M | 15% |
| Other Revenue | $1.2M | $1.0M | $730,000 | $610,000 | 1% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Questions and answers
What are MP Materials's business segments?
Materials and Magnetics (as reported for Q2 fiscal 2026).
Which business segment makes the most money for MP Materials?
Materials: $95.63 million, or 85% of revenue, in Q2 fiscal 2026.
What are MP Materials's main products and services?
By revenue in Q2 fiscal 2026: NdPr Oxide and Metal (84%), Magnetic precursor products (15%) and Other Revenue (1%).
