Centrus Energy Corp (NYSE:LEU)

Q2 2026 Centrus Energy Corp. Earnings Call Transcript

Aug 6, 2026 / 12:30 PM GMT

Release Date Price: $178.03 (-5.12%)

Transcript 8-K

Key Points

Positve

Centrus Energy Corp (LEU) reported strong Q2 2026 results with revenue of $176.1 million, a 14% increase year-over-year, and adjusted net income of $38.7 million.
The company's backlog grew to $4.5 billion, extending through 2040, driven by a $600 million increase in LEU and HALEU enrichment sales.
Centrus Energy Corp (LEU) signed a $900 million task order with the DOE, unlocking substantial non-dilutive, non-debt funding to de-risk its commercial centrifuge build-out.
The company secured new HALEU off-take agreements with Oklo and X-Energy, validating its first-mover advantage in the HALEU market and including prepayments as a source of non-dilutive capital.
Centrus Energy Corp (LEU) met all financial contingencies for its $3 billion in customer contracts, and expects to complete its first centrifuge at Oak Ridge in 2026, a key manufacturing milestone.
The company is seeing strong demand tailwinds across all markets (commercial LEU, national security, and HALEU), supported by rising LEU prices and a constructive pricing environment.

Negative

Centrus Energy Corp (LEU) experienced a decrease in SWU revenue by $25.7 million due to a 23% decrease in volume sold, partially offset by a 3% price increase.
Technical Solutions segment revenue decreased by 21% year-over-year, primarily due to a $5.9 million decrease in revenue from the HALEU Operations contract.
Net income decreased to $16.8 million in Q2 2026 from $28.9 million in Q2 2025, impacted by a $12.8 million increase in SG&A costs and a $7.5 million increase in advanced technology costs.
The company faces ongoing cost pressures, with SWU costs increasing 13% and uranium costs rising due to higher sales volumes, impacting gross profit margins.
Centrus Energy Corp (LEU) continues to incur significant non-capitalized advanced technology costs related to manufacturing readiness and security training, which are expected to flow through the income statement in the near term.
The company is unable to provide specific details on delivery timelines and pricing for its new HALEU contracts, limiting visibility for investors.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LEU.N - Centrus Energy Corp.
Q2 2026 Centrus Energy Corp. Earnings Call
Aug 06, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and welcome to the Century's Energy Q2 2026 earnings call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance. Please press *0 for the operator. This call is being recorded on Thursday, August 6, 2026. I would now like to turn the conference over to Neil Nagarajan, Head of Investor Relations. Please go ahead, sir.

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Unidentified_2 [2]
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