| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 76.70 | 4.9% |
| Total Income | 76.70 | 4.9% |
| Expenditure | 75.90 | 44.3% |
| PBT | 12.50 | 64.5% |
| Net Profit | 10.00 | 63.2% |
| OPM | 1.04% | 27.00pp |
| NPM | 13.04% | 24.17pp |
| EPS | 0.51 | 68.1% |
Centrus Reports Q1 2026 Results: Revenue $76.7 million
06 May 2026 · 6 May, 2:17 am
Summary
Centrus Energy Corp. reported first quarter 2026 results with revenue of $76.7 million, an increase from $73.1 million in the same period last year. Net income was $10.0 million, a decrease from $27.2 million in Q1 2025. The company is expanding its centrifuge manufacturing program and has partnered with Fluor and Palantir to improve efficiency and reduce costs. Centrus is raising its full year 2026 revenue guidance based on commercial progress.
Key Highlights
- 1
Centrus Energy Corp. reported revenue of $76.7 million in Q1 2026, compared to $73.1 million in Q1 2025.
- 2
GAAP net income for Q1 2026 was $10.0 million, compared to $27.2 million in Q1 2025.
- 3
Non-GAAP adjusted net income was $23.5 million in Q1 2026, compared to $28.6 million in Q1 2025.
- 4
The company launched a multi-year investment in Oak Ridge, Tennessee, to expand and accelerate the centrifuge manufacturing program.
- 5
Centrus signed a strategic collaboration with Fluor to oversee engineering, design, project management, supply chain activities, and procurement of key materials and services on plant expansion.
- 6
The company partnered with Palantir to leverage its artificial intelligence platform, identifying ~$300 million in potential costs savings.
- 7
Centrus is raising full year 2026 revenue guidance based on commercial progress.
Management Comments
Amir Vexler
The first quarter was marked by numerous wins and great operational progress as we accelerated our drive to restore America’s ability to enrich uranium at scale, including securing historic federal funding and launching a major expansion of our centrifuge manufacturing plant. We have now switched to full execution mode to accelerate our build-out while building a best-in-class partnership network, including Palantir, Fluor, and Geiger Brothers, as part of our day-one focus to reduce costs and bring in lead times. We’ve already identified approximately $300 million in cost reductions as well as opportunities to both reduce manufacturing lead times and accelerate our timetable. Going forward we will continue to unleash our network’s full capabilities, including Palantir’s leading artificial intelligence platform, to unlock more efficiency gains. Our expansion is well timed. Global conflicts and rising tensions continue to highlight the need to diversify away from fossil fuels towards domestic power sources to drive future sustainable economic growth.
Informational and educational content only. Not investment advice.