Centrus Energy reported third quarter 2026 revenue of $55.5M, beating estimates while missing on earnings

Centrus Energy reported third quarter 2026 revenue of $55.5 million, representing a 26% decline year-over-year. The decrease was primarily driven by lower uranium sales volumes in the LEU segment and a decline in Technical Solutions revenue from the DOE HALEU contract. Despite the quarterly decline, management reaffirmed its full-year 2026 revenue guidance of $450 million to $500 million and reported hitting critical manufacturing milestones two months ahead of schedule.

Key Highlights

• Total backlog remained robust at $7.0 billion as of September 30, 2026, including $5.4 billion in contingent LEU and HALEU sales commitments.
• GAAP net income reached $31.6 million, significantly inflated by a $46.4 million non-cash gain from fair value adjustments of warrant liabilities.
• Operational execution accelerated with the first centrifuge shipments from Oak Ridge and the completion of the first certified-for-construction package ahead of year-end targets.