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USA Rare Earth to Report Q3 Earnings: What's in Store for the Stock?
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Key Takeaways
USAR is expected to report a Q3 loss of 19 cents per share, improving from a 25-cent loss a year ago.
USA Rare Earth's Q3 revenues are pegged at $6.5 million, primarily driven by Less Common Metals.
Higher raw material costs, elevated SG&A expenses and increased R&D spending likely weighed on Q3 results.
USA Rare Earth Inc. (USAR - Free Report) is expected to report a loss when it releases its third-quarter 2026 results later this week.
The Zacks Consensus Estimate for USA Rare Earth’s third-quarter revenues is pegged at $6.5 million. The company had not generated any revenues in the third quarter of 2025.
Over the past 60 days, the earnings estimate for third-quarter 2026 has moved down from a loss of 16 cents to the current expected loss of 19 cents per share. The figure, however, suggests an improvement from the year-ago quarter’s loss of 25 cents per share.
Image Source: Zacks Investment Research
USA Rare Earth’s Earnings Surprise History
USA Rare Earth has surpassed the Zacks Consensus Estimate in one of the trailing four quarters, while missing in the remaining three quarters. The company has delivered a negative earnings surprise of 116.1%. The trend is shown in the chart below.
Image Source: Zacks Investment Research
What the Zacks Model Unveils for USAR
Our proven model does not conclusively predict an earnings beat for USA Rare Earth this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.
You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for USA Rare Earth is 0.00%.
Factors Likely to Have Shaped USA Rare Earth’s Q3 Performance
USAR’s magnet manufacturing facility in Stillwater, OK, has recently been commissioned and commenced commercial production. However, the company has yet to generate revenues from the sale of sintered neodymium-iron-boron (NdFeB) permanent magnets. Meanwhile, its proposed Blacksburg facility remains in the early stages of development.
USA Rare Earth generated revenues of $5.8 million in the second quarter of 2026 entirely from its metal-making operations following the acquisition of Less Common Metals on Nov. 18, 2025. The company had no operating revenues before the acquisition date. The Zacks Consensus Estimate of $6.5 million for third-quarter 2026 revenues primarily reflects the expected contribution from Less Common Metals, with no comparable revenues in the prior-year quarter.
USA Rare Earth reported a gross loss of $1.6 million in the second quarter of 2026, translating into a negative gross margin of 27.2%. Substantially higher raw material costs, which were not fully offset by increases in selling prices, led to the loss in the quarter. The persistence of these cost pressures is likely to have resulted in another gross loss in the third quarter.
Additionally, elevated selling, general and administrative (SG&A) expenses, driven by higher legal and consulting costs and increased headcount as the company expanded its organizational infrastructure, are expected to have weighed on operating performance. Higher research and development (R&D) spending to support its manufacturing and technology development initiatives is also likely to have added to the cost burden, potentially resulting in another operating loss in the quarter.
USAR’s Price Performance
USA Rare Earth shares have fallen 43.1% in a year against the industry’s 11.9% growth.
Image Source: Zacks Investment Research
Stocks Likely to Deliver Earnings Beat in Q3
Here are some Basic Materials stocks, which according to our model, have the right combination of elements to post an earnings beat in their upcoming releases.
Avient (AVNT - Free Report) , scheduled to release third-quarter 2026 earnings on Nov. 4, has an Earnings ESP of +0.58% and a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for earnings for Avient for the third quarter of 2026 is 81 cents per share, indicating a 15.7% year-over-year increase. Avient has a trailing four-quarter average earnings surprise of 3.4%.
Perimeter Solutions, SA (PRM - Free Report) , scheduled to release third-quarter 2026 earnings on Nov. 5, has an Earnings ESP of +3.16% and a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for Perimeter Solutions’ earnings for the third quarter of 2026 is pegged at 95 cents per share, indicating 15.9% growth from the year-ago quarter's reported figure. PRM has a trailing four-quarter average earnings surprise of 61.6%.
Air Products and Chemicals (APD - Free Report) , scheduled to release third-quarter 2026 earnings on Nov. 5, has an Earnings ESP of +0.44% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for earnings for Air Products and Chemicals for the third quarter of 2026 is pegged at $3.60 per share, suggesting a 6.2% year-over-year increase. APD has a trailing four-quarter average earnings surprise of 2.9%.
View the Zacks #1 Rank List
Image: Bigstock
USA Rare Earth to Report Q3 Earnings: What's in Store for the Stock?
Key Takeaways
USA Rare Earth Inc. (USAR - Free Report) is expected to report a loss when it releases its third-quarter 2026 results later this week.
The Zacks Consensus Estimate for USA Rare Earth’s third-quarter revenues is pegged at $6.5 million. The company had not generated any revenues in the third quarter of 2025.
Over the past 60 days, the earnings estimate for third-quarter 2026 has moved down from a loss of 16 cents to the current expected loss of 19 cents per share. The figure, however, suggests an improvement from the year-ago quarter’s loss of 25 cents per share.
Image Source: Zacks Investment Research
USA Rare Earth’s Earnings Surprise History
USA Rare Earth has surpassed the Zacks Consensus Estimate in one of the trailing four quarters, while missing in the remaining three quarters. The company has delivered a negative earnings surprise of 116.1%. The trend is shown in the chart below.
Image Source: Zacks Investment Research
What the Zacks Model Unveils for USAR
Our proven model does not conclusively predict an earnings beat for USA Rare Earth this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.
You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for USA Rare Earth is 0.00%.
Zacks Rank: USAR currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors Likely to Have Shaped USA Rare Earth’s Q3 Performance
USAR’s magnet manufacturing facility in Stillwater, OK, has recently been commissioned and commenced commercial production. However, the company has yet to generate revenues from the sale of sintered neodymium-iron-boron (NdFeB) permanent magnets. Meanwhile, its proposed Blacksburg facility remains in the early stages of development.
USA Rare Earth generated revenues of $5.8 million in the second quarter of 2026 entirely from its metal-making operations following the acquisition of Less Common Metals on Nov. 18, 2025. The company had no operating revenues before the acquisition date. The Zacks Consensus Estimate of $6.5 million for third-quarter 2026 revenues primarily reflects the expected contribution from Less Common Metals, with no comparable revenues in the prior-year quarter.
USA Rare Earth reported a gross loss of $1.6 million in the second quarter of 2026, translating into a negative gross margin of 27.2%. Substantially higher raw material costs, which were not fully offset by increases in selling prices, led to the loss in the quarter. The persistence of these cost pressures is likely to have resulted in another gross loss in the third quarter.
Additionally, elevated selling, general and administrative (SG&A) expenses, driven by higher legal and consulting costs and increased headcount as the company expanded its organizational infrastructure, are expected to have weighed on operating performance. Higher research and development (R&D) spending to support its manufacturing and technology development initiatives is also likely to have added to the cost burden, potentially resulting in another operating loss in the quarter.
USAR’s Price Performance
USA Rare Earth shares have fallen 43.1% in a year against the industry’s 11.9% growth.
Image Source: Zacks Investment Research
Stocks Likely to Deliver Earnings Beat in Q3
Here are some Basic Materials stocks, which according to our model, have the right combination of elements to post an earnings beat in their upcoming releases.
Avient (AVNT - Free Report) , scheduled to release third-quarter 2026 earnings on Nov. 4, has an Earnings ESP of +0.58% and a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for earnings for Avient for the third quarter of 2026 is 81 cents per share, indicating a 15.7% year-over-year increase. Avient has a trailing four-quarter average earnings surprise of 3.4%.
Perimeter Solutions, SA (PRM - Free Report) , scheduled to release third-quarter 2026 earnings on Nov. 5, has an Earnings ESP of +3.16% and a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for Perimeter Solutions’ earnings for the third quarter of 2026 is pegged at 95 cents per share, indicating 15.9% growth from the year-ago quarter's reported figure. PRM has a trailing four-quarter average earnings surprise of 61.6%.
Air Products and Chemicals (APD - Free Report) , scheduled to release third-quarter 2026 earnings on Nov. 5, has an Earnings ESP of +0.44% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for earnings for Air Products and Chemicals for the third quarter of 2026 is pegged at $3.60 per share, suggesting a 6.2% year-over-year increase. APD has a trailing four-quarter average earnings surprise of 2.9%.