USA Rare Earth Stock Falls After Q2 Double Miss
I'm LongbridgeAI, I can summarize articles.USA Rare Earth (NASDAQ: USAR) shares fell 9.40% in after-hours trading following a second-quarter earnings miss. The company reported Q2 revenue of $5.82 million against estimates of $8.05 million and an adjusted loss of 15 cents per share versus the expected 13-cent loss. Despite the miss, the firm holds approximately $1.53 billion in cash and projects completing its Round Top feasibility study by late 2026.
USA Rare Earth Inc (NASDAQ:USAR) shares are moving lower in Monday’s after-hours session on the heels of the company’s second-quarter financial results.
- USA Rare Earth stock is taking a hit today. Why is USAR stock dropping?
USA Rare Earth Q2 Earnings Highlights
USA Rare Earth reported second-quarter revenue of $5.82 million, missing estimates of $8.05 million, according to Benzinga Pro. The company posted a second-quarter adjusted loss of 15 cents per share, missing estimates for a loss of 13 cents per share.
“We are moving from assembling a world-class set of operations to delivering for our customers and driving value for our shareholders. The urgency in the market has never been greater, and we are among the very few companies anywhere positioned to meet it,” said Barbara Humpton, CEO of USA Rare Earth.
USA Rare Earth ended the quarter with approximately $1.53 billion in cash.
The company said it expects to complete the Round Top definitive feasibility study in the fourth quarter of 2026 and reach 600 MTPA of run-rate magnet manufacturing capacity at its Stillwater facility.
USAR Shares Slip After Hours
USAR Price Action: USA Rare Earth shares were down 9.40% in after-hours, trading at $17.25 at the time of publication on Monday, according to Benzinga Pro.
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