Centrus Energy
Supplies nuclear fuel while building domestic LEU and HALEU enrichment capacity.
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Profile
Sells enrichment work, low-enriched uranium and natural uranium to nuclear utilities, while Technical Solutions provides American Centrifuge manufacturing, engineering and operations services to public and private customers. Near-term fuel deliveries remain heavily dependent on Russian supply, while domestic expansion depends on government contracts, approvals and capital.
Supplies low-enriched uranium components to nuclear utilities in the United States and overseas, earning most revenue from separative work units while also selling natural uranium and combined enriched product. The LEU segment pairs long-term purchases, spot supply and inventory with multi-year utility contracts.
Technical Solutions performs engineering, manufacturing and operations work built around American Centrifuge technology and federal enrichment contracts. The Piketon cascade completed the demonstration program’s HALEU production and awaits agreements with the Department of Energy for commercial operation; centrifuge manufacturing is expanding in Oak Ridge, Tennessee.
Near-term fuel deliveries depend heavily on Russian supplier TENEX and the waivers, export licenses and trade rules governing those shipments. Domestic expansion also depends on customer commitments, capital, federal contracts, appropriations and the government lease at Piketon.
Company facts
Key statistics
Year to date −35.5% · Average volume (30d) 628.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 25, 2026 | Stifel Nicolaus | Target | $246 | $216 | |
| Aug 19, 2026 | UBS | Reiterate | Neutral | $170 | $185 |
| Aug 18, 2026 | Barclays | Target | $207 | ||
| Aug 6, 2026 | Roth Capital | Reiterate | Neutral | $171 | $188 |
| Jul 27, 2026 | Roth Capital | Target | $195 | $171 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.73 | $0.77 | +5.2% | $149.8M | $176.1M | +17.5% | −5.12% |
| May 5, 2026Q1 FY26 | $0.33 | $1.05 | +218.2% | $78.4M | $76.7M | −2.1% | +12.27% |
| Feb 10, 2026Q4 FY25 | $1.42 | $0.79 | −44.4% | $146.8M | $146.2M | −0.4% | −20.69% |
| Nov 5, 2025Q3 FY25 | $0.20 | $0.19 | −5.0% | $151.4M | $74.9M | −50.5% | −14.72% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $73.1M | $154.5M | $74.9M | $146.2M | $76.7M | $176.1M | |
| Gross profit | $32.9M | $53.9M | −$4.3M | $35.0M | $29.7M | $49.9M | |
| Operating income | $20.5M | $33.5M | −$16.6M | $12.8M | $800.0K | $10.4M | |
| Net income | $27.2M | $28.9M | $3.9M | $17.8M | $10.0M | $16.8M | |
| Diluted EPS | $1.60 | $1.59 | $0.19 | $0.79 | $0.45 | $0.77 | |
| Gross margin | 45.0% | 34.9% | -5.7% | 23.9% | 38.7% | 28.3% | |
| Operating margin | 28.0% | 21.7% | -22.2% | 8.8% | 1.0% | 5.9% |
Fiscal years (4-quarter sums)FY21 $298.3M · FY22 $293.8M · FY23 $320.2M · FY24 $442.0M · FY25 $448.7M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.87B · Total debt $1.18B · Total assets $2.53B · Shareholders' equity $845.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 18.95M · Float 18.91M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Van Eck Associates Corp | 1.65M | 8.72% | 13F | Aug 14, 2026 |
| State Street Corp | 1.64M | 8.65% | 13F | Aug 7, 2026 |
| BlackRock, Inc. | 1.55M | 8.17% | 13F | Aug 7, 2026 |
| Bank of Nova Scotia | 1.36M | 6.91% | 13G | Jul 15, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 1.26M | 6.64% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 11, 2026 | Todd M. Tinelli | officer: SVP, CFO & Treasurer | −306 | $203.55 |
Peers
- Cameco
Top listed fuel-cycle supplier; contests enrichment via 49% of GLE
- ASP Isotopes
Building U.S. HALEU enrichment via laser Quantum Enrichment / Quantum Leap
- Uranium Energy
Largest U.S. uranium producer building domestic refining and UF6 conversion
- Nano Nuclear Energy
Reactor developer pursuing a domestic HALEU supply line and fuel transport
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Centrus Energy | $176.59 | +0.42% | $3.33B | 79.9 | 68.5 | 7.0 | +14.0% |
| Cameco | $99.97 | −0.04% | $43.56B | 170.0 | 70.9 | 17.4 | −11.0% |
| ASP Isotopes | $3.92 | +1.04% | $488.5M | — | — | 15.8 | +327.5% |
| Uranium Energy | $12.39 | −0.08% | $6.14B | — | — | 303.8 | −59.4% |
| Nano Nuclear Energy | $17.98 | +0.06% | $965.0M | — | — | 4,508.3 | — |
| Median | 170.0 | 70.9 | 160.6 | −11.0% |






