Filing Flows › Cameco (CCJ) › Q2 2026 › vs Q1 2026
Cameco (CCJ) Q2 2026 vs Q1 2026 (quarter over quarter)
Cameco's revenue fell $53.0M (-7%) from $712M in Q1 2026 to $659M in Q2 2026. The biggest changes: Asia +$134M (27×); Europe −$124M (-37%); Americas −$63.0M (-17%). Operating margin 7.0% against 22.9% (-15.9 pts).
Cameco, Q2 2026: revenue $659M, operating margin 7.0%, net earnings $25.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 7.0% | 22.9% | -15.9 pts |
| Net margin | 3.8% | 18.4% | -14.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Americas | $312M | $375M | −$63.0M | -17% |
| Europe | $208M | $332M | −$124M | -37% |
| Asia | $139M | $5.2M | $134M | 27× |
| Revenue | $659M | $712M | −$53.0M | -7% |
| Operating profit | $45.9M | $163M | −$117M | -72% |
| Costs & expenses | $613M | $549M | $64.0M | +12% |
| Pre-tax earnings | $45.9M | $163M | −$117M | -72% |
| Cost of revenue | $442M | $396M | $45.9M | +12% |
| Depreciation & amortization | $58.4M | $56.8M | $1.6M | +3% |
| Other operating costs | $112M | $95.7M | $16.5M | +17% |
| Net earnings | $25.2M | $131M | −$106M | -81% |
| Income tax | $20.7M | $32.2M | −$11.4M | -36% |
Questions
How much did Cameco's revenue grow quarter over quarter in Q2 2026?
Cameco's revenue fell $53.0M (-7%) from $712M in Q1 2026 to $659M in Q2 2026.
What drove Cameco's revenue change in Q2 2026?
Asia +$134M (27×); Europe −$124M (-37%); Americas −$63.0M (-17%).