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Centrus Energy

Centrus Energy (LEU) Q1 2026 Earnings

Reported May 5, 2026 at 4:41 PM ET · SEC Source

Q1 26 EPS

$1.05

BEAT +288.89%

Est. $0.27

Q1 26 Revenue

$76.7M

MISS 2.09%

Est. $78.3M

vs S&P Since Q1 26

-13.3%

TRAILING MARKET

LEU -7.9% vs S&P +5.4%

Market Reaction

Did LEU Beat Earnings? Q1 2026 Results

Centrus Energy delivered a striking earnings beat in Q1 2026, posting adjusted diluted EPS of $1.05 against a consensus estimate of just $0.27, a positive surprise of 288.89%, even as revenue of $76.70 million came in slightly below the $78.33 millio… Read more Centrus Energy delivered a striking earnings beat in Q1 2026, posting adjusted diluted EPS of $1.05 against a consensus estimate of just $0.27, a positive surprise of 288.89%, even as revenue of $76.70 million came in slightly below the $78.33 million analysts had expected. The top line still grew 4.9% year over year, with a 47% surge in Technical Solutions segment revenue, largely tied to expanded activity under the DOE HALEU Operation Contract, providing the primary lift. GAAP net income fell to $10.00 million from $27.20 million a year ago, weighed down by a $15.90 million increase in advanced technology costs tied to the company's centrifuge manufacturing expansion in Oak Ridge, Tennessee. Centrus also announced partnerships with Fluor for engineering support and Palantir for AI-driven cost optimization, with the latter already identifying roughly $300.00 million in potential savings. Looking ahead, management raised full-year 2026 revenue guidance to $450.00 million to $500.00 million, up from the prior range of $425.00 million to $475.00 million, reflecting growing commercial momentum.

Key Takeaways

  • • 52% increase in average price of SWU sold partially offset 47% decline in SWU volume
  • • Technical Solutions revenue increased 47% driven by $9.8 million increase in HALEU Operation Contract revenue
  • • Investment income increased $9.7 million year-over-year
  • • Advanced technology costs increased $15.9 million due to expansion-related spending
  • • Absence of $11.8 million gain on debt extinguishment from prior year
24/7 Wall St

LEU YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

LEU Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26

“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.”

— Amir Vexler, Q1 2026 Earnings Press Release

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