Q2 26 EPS Adjusted
$1.77
BEAT +93.08%
Est. $0.92
Q2 26 Revenue
$176.1M
BEAT +18.38%
Est. $148.8M
vs S&P Since Q2 26
-1.4%
TRAILING MARKET
LEU -1.0% vs S&P +0.4%
Market Reaction
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. … Read more 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
LEU 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, source: SEC Filings
LEU Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Amir Vexler, Q2 2026 Earnings Press Release
LEU Earnings Trends
LEU vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LEU EPS Trend
Earnings per share: estimate vs actual
LEU Revenue Trend
Quarterly revenue: estimate vs actual
LEU Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.92 | $1.77 | +93.08% | $176.1M | +18.38% |
| Q1 26 BEAT | $0.27 | $1.05 | +288.89% | $76.7M | -2.09% |
| Q4 25 MISS FY | $1.63 | $0.79 | -51.41% | $146.2M | -0.60% |
| FY Full Year | $4.73 | $3.90 | -17.56% | $448.7M | +0.61% |
| Q3 25 MISS | $0.36 | $0.19 | -46.75% | $74.9M | -6.79% |
| Q2 25 BEAT | $0.58 | $1.59 | +176.28% | $154.5M | +18.30% |
| Q1 25 BEAT | $-0.08 | $1.60 | +2,164.52% | $73.1M | +7.31% |