| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 176.10 | 129.6% | 14.0% |
| Total Income | 176.10 | 129.6% | 14.0% |
| Expenditure | 165.70 | 118.3% | 36.9% |
| PBT | 21.60 | 72.8% | 42.3% |
| Net Profit | 16.80 | 68.0% | 41.9% |
| OPM | 5.91% | 4.86pp | 15.78pp |
| NPM | 9.54% | 3.50pp | 9.17pp |
| EPS | 0.85 | 66.7% | 47.9% |
Centrus Energy Reports Q2 2026 Results, Signs $900M DOE Contract
06 Aug 2026 · 6 Aug, 2:14 am
Summary
Centrus Energy Corp. announced its second quarter 2026 results, reporting revenue of $176.1 million, a 14% increase year-over-year. While GAAP net income decreased to $16.8 million from $28.9 million in Q2 2025, non-GAAP adjusted net income rose to $38.7 million from $34.5 million. Key operational achievements include signing a $900 million HALEU contract with the U.S. Department of Energy and growing the enrichment backlog to $3.0 billion. Management highlighted strong commercial wins and operational momentum, with plans to increase hiring and complete the first new centrifuge by year-end.
Key Highlights
- 1
Centrus Energy reported revenue of $176.1 million for the second quarter of 2026, an increase from $154.5 million in Q2 2025.
- 2
GAAP net income for Q2 2026 was $16.8 million, a decrease from $28.9 million in the prior year's second quarter.
- 3
Non-GAAP adjusted net income for Q2 2026 was $38.7 million, up from $34.5 million in Q2 2025.
- 4
The company signed a $900 million High-Assay, Low-Enriched Uranium (HALEU) Enrichment award contract with the U.S. Department of Energy.
- 5
Centrus grew its contingent Low-Enriched Uranium (LEU) and HALEU enrichment backlog to $3.0 billion.
- 6
The company is raising its full-year 2026 hiring guidance for its Piketon, Ohio facility.
- 7
Centrus expects to complete its first new centrifuge in Oak Ridge, Tennessee, by the end of 2026.
Management Comments
Amir Vexler
This was another strong quarter of financial and operational progress for Centrus that included a number of commercial wins for our future enrichment business as we capitalize on strong industry tailwinds and our operational momentum. Operationally we continued on full-execution mode for our centrifuge manufacturing and expansion programs. Our strategy includes risk-reducing measures like locking in a majority of the suppliers deemed critical with larger commitments to help insulate the project from potential price fluctuations. Simultaneously, we further strengthened our financial position by signing our HALEU award while securing possible prepayments from offtakers. Our progress has allowed us to announce that our first new centrifuge will be competed in Oak Ridge before the end of the year. In general, we continue to see healthy demand momentum with consistent constrained supply, resulting in upward pressure on SWU prices. Our operational progress coupled with strong demand signals across all our end-markets has provided Centrus with strong backlog growth and momentum, and we look forward to further capitalizing on our position as the only publicly-traded, proven enricher in the market.
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