Centrus Energy (LEU) Q2 2026 Earnings
How Did LEU Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: −0.34%.
Did LEU Beat Earnings? Q2 2026 Results
Yes. Centrus Energy reported Q2 2026 earnings of $1.77 a share on Aug 5, 2026, beating the $0.92 consensus estimate by 93.1%. Revenue was $176.1M against a $148.8M estimate.
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.
- 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
What Is Centrus Energy's 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
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $176.1M | $154.5M | +14.0% |
| Gross Profit | $49.9M | $53.9M | −7.4% |
| Operating Income | $10.4M | $33.5M | −69.0% |
| Net Income | $16.8M | $28.9M | −41.9% |
LEU Revenue by Segment
When Does Centrus Energy Report Next?
Figures from SEC filings and company reports. Not investment advice.