Mirion Announces Third Quarter 2026 Financial Results
Business Wire•27/10/2026•16:15 ET
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Key Highlights
- ➤Revenue $277.8M, up 24.5% year over year in Q3 2026
- ➤GAAP net income rose 151.6% to $7.8M; adjusted EBITDA reached $64.8M
- ➤Q3 orders climbed 62% excluding acquisitions to $340M
- ➤2026 revenue-growth guidance raised to approximately 24%–25%
- ➤2026 adjusted free-cash-flow guidance raised to approximately $170M–$185M
Expert Statements
Thomas Logan, Chairman and Chief Executive Officer of Mirion
“Third quarter results showcase quarterly orders performance, an inflection in organic revenue growth, and a doubling of year-to-date adjusted free cash flow generation.”
Thomas Logan, Chairman and Chief Executive Officer of Mirion
“Orders continued to trend higher, up 62% excluding acquisitions, boosted by a 105% increase in nuclear power-related orders. Organic revenue increased 6.5% in the third quarter and we expect mid-to-high teens growth in the fourth quarter. Meanwhile, adjusted free cash flow totaled $47 million in the quarter, or $107 million year-to-date. We expect to reduce net leverage to approximately 2.6x by year-end, reflecting continued strong adjusted free cash flow.”
Thomas Logan, Chairman and Chief Executive Officer of Mirion
“Our business is benefiting from today’s reinvestment in the existing nuclear reactor fleet. Mirion has a presence in over 98% of commercial nuclear power plants globally and approximately 80% of our nuclear power-related revenue comes from reactors operating today. Meanwhile, we continue to capture additional opportunities from large-scale new builds and small modular reactors.”
Thomas Logan, Chairman and Chief Executive Officer of Mirion
“We are updating our guidance to reflect increased visibility to full year performance.”
* Revenues for the third quarter increased 24.5% to $277.8 million, compared to $223.1 million in the same period in 2025.
* GAAP net income was $7.8 million in the third quarter, a 151.6% increase compared to GAAP net income of $3.1 million in the same period in 2025; Adjusted EBITDA was $64.8 million in the third quarter, a 23.7% increase from $52.4 million in the same period last year.
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