Centrus Reports Third Quarter 2026 Results
Key Highlights
- ➤Revenue $55.5 million, down 26% from Q3 2025
- ➤GAAP net income $31.6 million, up 710% year over year
- ➤Adjusted net loss $9.4 million versus $5.2 million adjusted profit
- ➤2026 revenue guidance $450 million-$500 million; capital deployment $350 million-$500 million
- ➤LEU and HALEU contingent backlog reached $5.4 billion
Expert Statements
Amir Vexler, President and CEO of Centrus Energy
“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”
Amir Vexler, President and CEO of Centrus Energy
“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.”
Amir Vexler, President and CEO of Centrus Energy
“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.”
* Revenue of $55.5 million, compared to revenue of $74.9 million in Q3 2025 * GAAP net income of $31.6 million compared to GAAP net income of $3.9 million in Q3 2025 * Non-GAAP adjusted net loss((1)) of $9.4 million, compared to non-GAAP adjusted net income((1)) of $5.2 million in Q3 2025 * Grew contingent Low-Enriched Uranium (LEU) and High-Assay Low-Enriched Uranium (HALEU) enrichment backlog to $5.4 billion * Enriching HALEU for the commercial market from existing 16-centrifuge cascade * Completed manufacturing and began shipping centrifuges from Oak Ridge, Tennessee, ahead of year-end target * Finalized contracts with all of the supply-chain deemed critical ahead of year-end target * Completed first certified-for-construction package ahead of year-end target BETHESDA, Md., Nov. 4, 2026 /PRNewswire/ -- Centrus Energy Corp. (NYSE: LEU) ("Centrus" or the "Company") today reported third quarter 2026 results. The Company reported net income of $31.6 million for the three months ended September 30, 2026, which is $1.53 (basic) and $1.41 (diluted) per common share. This translates to adjusted net loss((1)) of $9.4 million for the three months ended September 30, 2026, which is adjusted EPS((1)) loss of $0.46 (basic and diluted) per common share.
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