Centrus Energy's second quarter revenue of $176.1M handily beats estimates, driven by strong LEU segment growth.

Centrus Energy reported second quarter 2026 revenue of $176.1 million, a 14% year-over-year increase that significantly surpassed analyst expectations. This performance was primarily driven by a 22% increase in the Low-Enriched Uranium (LEU) segment. However, GAAP diluted EPS came in at $0.77, slightly below estimates, as higher operating costs and a decline in the Technical Solutions segment offset strong top-line growth.

Key Highlights

• Revenue grew 14% year-over-year to $176.1 million, compared to $154.5 million in the prior-year period.
• The company announced a significant $900 million High-Assay, Low-Enriched Uranium (HALEU) enrichment contract with the U.S. Department of Energy.
• GAAP net income declined to $16.8 million from $28.9 million in the second quarter of 2025, primarily due to a $12.8 million increase in SG&A expenses and a $7.5 million rise in advanced technology costs.
• The company's total backlog stood at $4.5 billion as of June 30, 2026, including an LEU segment backlog of approximately $3.7 billion.