Companies /Energy

Centrus Energy Corp - Class A

NYSE MKT: LEU Uranium
$196.14
â–² $8.51 (+4.54%) today
Markets open · 1:39pm ET

Q2 2026 Earnings

Reported Aug 5, 2026, 4:37pm ET · SEC source
$1.77
Beat +93.08%
EPS · est. $0.92 Adjusted
$176.1M
Beat +18.38%
Revenue · est. $148.8M
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−10%−5%0+5%Aug 5Aug 6report 4:37pm ETearnings−0.3%−8.1%
−10%−5%0+5%Aug 5Aug 6earnings−0.3%−8.1%
LEU −8.1%S&P 500 −0.3%
−10%−5%0+5%Aug 5Aug 6report 4:37pm ETearnings+0.0%−8.1%
−10%−5%0+5%Aug 5Aug 6earnings+0.0%−8.1%
LEU −8.1%NASDAQ +0.0%
−8%−4%0+4%Aug 4Aug 13report 4:37pm ETearnings+0.9%+0.7%
−8%−4%0+4%Aug 4Aug 13earnings+0.9%+0.7%
LEU +0.7%S&P 500 +0.9%
−8%−4%0+4%Aug 4Aug 13report 4:37pm ETearnings+2.2%+0.7%
−8%−4%0+4%Aug 4Aug 13earnings+2.2%+0.7%
LEU +0.7%NASDAQ +2.2%
−5.12%
Day of report
+7.49%
Next session
+7.75%
One week

Did LEU Beat Earnings? Q2 2026 Results

Centrus Energy Corp. delivered a strong second-quarter beat in Q2 2026, reporting adjusted EPS of $1.77 against a consensus estimate of $0.92, a 93.08% beat, as revenue of $176.10 million topped expectations by 18.38% and rose 14.00% year-over-year. The headline driver was a surge in the company's LEU segment, where $53.40 million in uranium revenue, a line absent from Q2 2025 results, helped propel LEU segment revenue 22% higher to $153.40 million and more than offset a volume-driven decline in SWU sales. GAAP net income fell 42% to $16.80 million due to elevated stock-compensation expense and rising advanced technology costs tied to expansion projects, though non-GAAP adjusted net income climbed to $38.70 million from $34.50 million. Strategically, the company backed its momentum with a $900.00 million HALEU Enrichment award from the DOE and a $3.00 billion contingent enrichment backlog. Looking ahead, Centrus guided full-year 2026 revenue to $450.00 million to $500.00 million, with capital deployment of $350.00 million to $500.00 million as centrifuge manufacturing expansion accelerates.

Key Takeaways
  • 22% increase in LEU segment revenue driven by uranium sales of $53.4 million
  • 3% increase in average SWU price partially offsetting 23% decline in SWU volume sold
  • Investment income of $16.3 million, up from $8.0 million in Q2 2025
  • Lower income tax expense of $4.8 million vs $8.5 million in Q2 2025

“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.”

Centrus Energy CEO, on the earnings call

Forward Guidance & Outlook

For full year 2026, Centrus expects total revenue of $450 million to $500 million and total capital deployment of $350 million to $500 million, driven by increased investment in centrifuge manufacturing build-out. Operationally, the company expects to finalize contracts with all critical industrial build-out partners, hire at least 100 net new employees in Oak Ridge and at least 175 net new employees in Piketon (raised from 100), release a Certified for Construction package, and complete its first centrifuge in Oak Ridge by year-end 2026. Guidance assumes no significant change in restrictions on Russian LEU imports/exports, no significant economic disruptions, and successful implementation of planned expansion projects.

LEU YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$50.0M$100.0M$150.0M$154.5M$176.1MRevenue$53.9M$49.9MGross Profit$33.5M$10.4MOperating Income$28.9M$16.8MNet Income
$0$50.0M$100.0M$150.0MRevenueGross ProfitOperating IncomeNet Income

LEU Revenue by Segment

LEU$153.4M+22.0%
Separative Work Units$100.0M−20.4%
Technical Solutions$22.7M−21.0%
Uranium$53.4M

Figures from SEC filings and company reports. Not investment advice.