Filing Flows › Centrus Energy (LEU) › Q2 2026
Centrus Energy (LEU) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Centrus Energy (LEU) reported revenue of $176M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +130% from the quarter before. Operating margin was 5.9%, net earnings $16.8M (9.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $176M | +130% | +14% |
| Gross profit | $49.9M | +58% | -7% |
| Operating profit | $10.4M | 13× | -69% |
| Net earnings | $16.8M | +68% | -42% |
| Operating cash flow | $18.4M | — | -65% |
What changed
Revenue was $176.1M in Q2 2026, up 14% year over year and up 130% from the previous quarter. Separative Work Units was the largest line at 57% of revenue. Service declined 21%.
Gross margin was 28.3%, down 6.6 points from Q2 2025. Operating profit was $10.4M, a 5.9% margin (down 15.8 points year over year). Operating profit fell $23.1M even though revenue rose $21.6M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 94% against revenue growth of 14%. The fastest-growing cost line was Research & development (+227%). Net earnings were $16.8M, down 42% year over year. The effective tax rate was 22.2%. Non-operating items added $11.2M, 52% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $18.4M (down 65% year over year), 110% of net earnings. Non-cash charges added back $2.9M of depreciation and amortization. Working capital and other items used $1.3M. Capital expenditures of $71.6M exceeded it, leaving free cash flow of −$53.2M.
Questions
What was Centrus Energy's revenue in the second quarter 2026?
Centrus Energy (LEU) reported revenue of $176M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +130% from the quarter before.
Was Centrus Energy profitable in the second quarter 2026?
Operating profit was $10.4M (5.9% of revenue) and net earnings $16.8M.
Source: Centrus Energy 10-Q on SEC EDGAR.