Evolution Metals & Technologies Corp. (EMAT) has increased its revenue guidance for fiscal year 2026, citing strong customer demand, improved rare earth pricing, and an expanded feedstock position. The company also reaffirmed its previously issued guidance for fiscal year 2027.
Key Details
- Fiscal 2026 Guidance: Raised to a range of $10 million to $11 million, a 62% increase at the midpoint from the previous guidance of $5 million to $8 million.
- Fiscal 2027 Guidance: Reaffirmed at $400 million to $460 million.
- Operational Update: The company expects delivery of thirteen additional magnet production machines in October 2026, which is anticipated to expand annual production capacity to over 10,000 metric tons.