Quarterly ResultApr 28, 2026, 04:22 PM
MIR Q1 Revenue +27.5% to $257.6M; GAAP Net Loss $3.4M; EPS Guidance Cut
AI Summary
Mirion Technologies announced Q1 2026 financial results, with revenues increasing 27.5% to $257.6 million. The company reported a GAAP net loss of $3.4 million, compared to a net income of $0.4 million in the prior year, while Adjusted EBITDA grew 16.3% to $54.3 million. Orders, including recent acquisitions, surged 42% to $288 million. Mirion reaffirmed most 2026 guidance metrics but revised Adjusted EPS downward to reflect a CEO retention grant.
Key Highlights
- Q1 2026 Revenue increased 27.5% to $257.6 million.
- Q1 2026 GAAP net loss was $3.4 million, compared to $0.4 million net income in Q1 2025.
- Q1 2026 Adjusted EBITDA rose 16.3% to $54.3 million.
- Q1 2026 Orders, including acquisitions, increased 42% to $288 million.
- Reaffirmed 2026 revenue growth guidance of 22.0% – 24.0%.
- Revised 2026 Adjusted EPS guidance to $0.48 – $0.55 per share (from $0.50 – $0.57).
- Reaffirmed 2026 Adjusted EBITDA guidance of $285 million – $300 million.