The company reported a wider-than-expected GAAP loss and lower revenue despite a significant year-over-year increase in backlog.
Standard Nuclear reported a Q2 GAAP loss of $0.12 per share, missing estimates by $0.05. Revenue reached $4.7 million, up 683.3% year-over-year but falling short of expectations by $0.04 million.
The company’s total contract backlog surged to $241.5 million as of June 30, 2026, from $91.3 million at the end of March. Funded backlog also rose sharply to $61.9 million from $8.2 million over the same period.
Backlog figures were later updated, with funded backlog increasing to $119.3 million and total contract backlog reaching $576.9 million.