Quarterly ResultAug 5, 2026, 04:44 PM
Centrus Q2 Revenue $176.1M; Net Income $16.8M; $900M HALEU Contract
AI Summary
Centrus Energy Corp. reported strong operational and adjusted financial performance for Q2 2026, with revenue increasing to $176.1 million and adjusted net income rising to $38.7 million. The company secured a significant $900 million HALEU enrichment contract with the DOE and expanded its total backlog to $4.5 billion. Despite a decrease in GAAP net income to $16.8 million due to increased growth-related expenses, Centrus is progressing with its expansion projects and raised its 2026 hiring guidance.
Key Highlights
- Q2 2026 revenue increased 14% to $176.1 million from $154.5 million in Q2 2025.
- Q2 2026 GAAP net income was $16.8 million, down from $28.9 million in Q2 2025.
- Q2 2026 non-GAAP adjusted net income rose to $38.7 million from $34.5 million in Q2 2025.
- Signed a $900 million High-Assay, Low-Enriched Uranium (HALEU) Enrichment award contract with the U.S. Department of Energy.
- Grew contingent LEU and HALEU enrichment backlog to $3.0 billion, with total backlog reaching $4.5 billion.
- Raised full year 2026 hiring guidance for Piketon, Ohio, to 175 net new employees.
- Expects completion of the first new centrifuge in Oak Ridge, Tennessee, by year-end 2026.
- Full year 2026 revenue guidance is $450 million to $500 million.
Price Impact
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