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Cameco (CCJ) Q1 2026 earnings results (first quarter 2026)

6-K filed May 5, 2026

Cameco (CCJ) reported revenue of $712M for the first quarter 2026 (Q1 2026). Operating margin was 22.9%, net earnings $131M (18.4% of revenue).

Revenue$712M
Year over year—
Quarter over quarter—
Operating margin22.9%
Net earnings$131M

Cameco, Q1 2026: revenue $712M, operating margin 22.9%, net earnings $131M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$712M——
Operating profit$163M——
Net earnings$131M——

What changed

Revenue was C$711.7M in Q1 2026. Americas was the largest line at 53% of revenue.

Operating profit was C$162.9M, a 22.9% margin. Net earnings were C$130.8M. The effective tax rate was 19.7%.

Questions

What was Cameco's revenue in the first quarter 2026?

Cameco (CCJ) reported revenue of $712M for the first quarter 2026 (Q1 2026).

Was Cameco profitable in the first quarter 2026?

Operating profit was $163M (22.9% of revenue) and net earnings $131M.

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Source: Cameco 6-K on SEC EDGAR.