Filing Flows › Centrus Energy (LEU) › Q2 2026 › vs Q2 2025
Centrus Energy (LEU) Q2 2026 vs Q2 2025 (year over year)
Centrus Energy's revenue rose $21.6M (+14%) from $154M in Q2 2025 to $176M in Q2 2026. The biggest changes: Product +$27.7M (+22%); Service −$6.1M (-21%). Gross margin 28.3% against 34.9% (-6.6 pts).
Centrus Energy, Q2 2026: revenue $176M (+14% year over year), operating margin 5.9%, net earnings $16.8M, operating cash flow $18.4M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 28.3% | 34.9% | -6.6 pts |
| Operating margin | 5.9% | 21.7% | -15.8 pts |
| Net margin | 9.5% | 18.7% | -9.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Separative Work Units | $100M | $126M | −$25.7M | -20% |
| Uranium | $53.4M | $0 | $53.4M | — |
| Product | $153M | $126M | $27.7M | +22% |
| Service | $22.7M | $28.8M | −$6.1M | -21% |
| Revenue | $176M | $154M | $21.6M | +14% |
| Gross profit | $49.9M | $53.9M | −$4.0M | -7% |
| Cost of revenue | $126M | $101M | $25.6M | +25% |
| Other income, net | $11.2M | $3.9M | $7.3M | +187% |
| Operating profit | $10.4M | $33.5M | −$23.1M | -69% |
| Operating expenses | $39.5M | $20.4M | $19.1M | +94% |
| Pre-tax earnings | $21.6M | $37.4M | −$15.8M | -42% |
| Research & development | $10.8M | $3.3M | $7.5M | +227% |
| SG&A | $26.2M | $13.4M | $12.8M | +96% |
| Other operating costs | $2.5M | $3.7M | −$1.2M | -32% |
| Net earnings | $16.8M | $28.9M | −$12.1M | -42% |
| Income tax | $4.8M | $8.5M | −$3.7M | -44% |
| Depreciation & amortization | $2.9M | $3.9M | −$1.0M | -26% |
| Working capital & other | $1.3M | −$20.0M | $21.3M | — |
| Operating cash flow | $18.4M | $52.8M | −$34.4M | -65% |
| Capital expenditures | $71.6M | $3.6M | $68.0M | 20× |
| Negative free cash flow (OCF − capex) | $53.2M | −$49.2M | $102M | — |
Questions
How much did Centrus Energy's revenue grow year over year in Q2 2026?
Centrus Energy's revenue rose $21.6M (+14%) from $154M in Q2 2025 to $176M in Q2 2026.
What drove Centrus Energy's revenue change in Q2 2026?
Product +$27.7M (+22%); Service −$6.1M (-21%).