Centrus Energy Corp.: Miss — EPS -$0.46, Revenue $55.5M
Earnings MissQ3 2026 · After-market
Did Centrus Energy Corp. (LEU) beat earnings today?
No, Centrus Energy Corp. (LEU) missed Wall Street analyst expectations for Q3 2026, reporting lower-than-expected EPS and lower-than-expected revenue.
Earnings Per Share-253.85% surprise
-$0.46Actual
Expected: -$0.13
vs. year ago -284.0%
Total Revenue-0.09% surprise
$55.5MActual
Expected: $55.55M
vs. year ago -26.0%
Released Nov 04 · 4:30 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $55.50M | $74.90M | -26.0% |
| Revenue detail — reported lines | |||
| └─Separative work units | $14.10M | $10.70M | +31.8% |
| └─Uranium | $17.70M | $34.10M | -48.1% |
| └─Technical solutions | $23.70M | $30.10M | -21.0% |
| └─LEU | $31.80M | $44.80M | -29.0% |
| Net Income | $31.60M | $3.90M | +710.0% |
| GAAP Basic EPS | $1.53 | $0.21 | +628.6% |
| GAAP Diluted EPS | $1.41 | $0.19 | +642.1% |
| Adj. Basic EPS | -$0.46 | $0.28 | -264.3% |
| Adj. Diluted EPS | -$0.46 | $0.25 | -284.0% |
Financial Outlook / Guidance
| Metric | FY2026 Outlook |
|---|---|
| Guidance | |
| Total revenue | $450M-$500M |
| Total capital deployment | $350M-$500M |
| Oak Ridge hires | at least 100 net new employees |
| Piketon hires | at least 175 net new employees (prev. 100 net new employees |
FY2026 Outlook
- Total revenue
- Guidance$450M-$500M
- Total capital deployment
- Guidance$350M-$500M
- Oak Ridge hires
- Guidanceat least 100 net new employees
- Piketon hires
- Guidanceat least 175 net new employees(prev. 100 net new employees
Business Highlights
- ➤Grew contingent LEU and HALEU enrichment backlog to $5.4B.
- ➤Enriched HALEU for the commercial market using the existing 16-centrifuge cascade.
- ➤Completed manufacturing and began shipping centrifuges from Oak Ridge ahead of target.
- ➤Finalized contracts with all supply chain deemed critical ahead of target.
- ➤Completed the first certified-for-construction package ahead of target.
- ➤Acquired Westerman to support buildout and diversify the business model.
- ➤Scaling supply chain while manufacturing and shipping more centrifuges from Oak Ridge to Piketon.
- ➤LEU backlog extends to 2040 under medium- and long-term customer contracts.
- ➤Provided utility customers with more than 1,850 reactor years of fuel since 1998.
Management Commentary
Amir Vexler, President and CEO
“The third quarter's continued execution across all facets of our business primed Centrus to achieve a critical milestone: shipping the first new centrifuge to support our commercial-scale expansion. This achievement, along with us demonstrating that we have a complete manufacturing supply chain in place, was reached two months ahead of our ambitious schedule and puts us far ahead of the competition. And because that supply chain is unobligated, we are able to serve both the national security and commercial markets.”
“Furthermore, our recent acquisition of Westerman helps to derisk our build out and our overall business model. It will drive growth for both organizations through commercial and operational synergies while diversifying our business model. We are now focused on scaling up our supply chain as we begin manufacturing and shipping more centrifuges from Oak Ridge to Piketon.”