Evolution Metals & Technologies Corp. raised its fiscal 2026 revenue guidance to $10 million to $11 million. Its previous forecast was $5 million to $8 million. The revised range represents a 62% increase at the midpoint.
The company reaffirmed its fiscal 2027 revenue guidance of $400 million to $460 million.
Evolution Metals attributed the higher outlook to its expanded non-China rare earth feedstock position, improved pricing for rare earth materials, and sustained strong commercial demand.
Thirteen additional magnet production machines are scheduled for delivery in October. The machines are expected to expand annual capacity to more than 10,000 metric tons.