Key Points – Second-quarter revenue rose 14% year over year to $176.1 million, while adjusted net income reached $38.7 million, or $1.77 per diluted share.
The LEU segment grew 22% to $153.4 million, partially offset by a 21% decline in Technical Solutions revenue. – Centrus’ commercial backlog expanded to $4.5 billion through 2040, including $3 billion in contingent LEU and HALEU enrichment sales
The company also secured a $900 million DOE task order and new HALEU agreements with Oklo and X-energy to support capacity expansion. – Management maintained 2026 revenue guidance of $450 million to $500 million and capital-spending guidance of $350 million to $500 million. Centrus expects spending to accelerate, raised its 2026 Piketon hiring target to more than 175 employees, and continues targeting commercial production in 2029. – 3 Nuclear Stocks for Investors Willing to Wait Out the Dip Centrus Energy (NYSE:LEU) reported second-quarter 2026 revenue growth and expanded its commercial backlog as the company advanced plans to build U.S. uranium-enrichment capacity for low-enriched uranium, or LEU, and high-assay low-enriched uranium, or HALEU. Revenue for the quarter ended June 30 rose 14% from a year earlier to $176.1 million.
The company reported gross profit of $49.9 million, operating income of $10.4 million and net income of $16.8 million, or $0.77 per diluted share. Adjusted net income was $38.7 million, equivalent to $1.77 per diluted share. – The Power Grid Is Dying—Is It Time to Buy Its Replacement? President and Chief Executive Officer Amir Vexler said the quarter benefited from demand growth across Centrus’ commercial LEU, national-security and HALEU markets.