Earnings Releases·Nov 4, 2026, 4:39 PM ET

Centrus Energy — Q3 2026 Earnings Summary

GAAP net income surged 710% to $31.6 million driven by a $46.4 million non-cash gain from warrant liability adjustments, while revenue declined 26% to $55.5 million and non-GAAP adjusted net loss widened to $9.4 million.
Full-year 2026 revenue guidance remains $450–$500 million with capital deployment expected between $350–$500 million; the company completed manufacturing supply chain and centrifuge shipping ahead of schedule and finalized critical supply-chain contracts.
Total backlog stands at $7.0 billion (extending to 2040), including $5.4 billion in contingent LEU/HALEU commitments, though the FY2027 DOE budget excludes funding for the $0.8 billion HALEU Operation Contract portion of the Technical Solutions backlog.
The company acquired Westerman to derisk its build-out and plans to hire 275 net new employees across Oak Ridge and Piketon facilities in 2026, while cash and cash equivalents increased to $2.24 billion.