Centrus Energy Reports Q3 Revenue Decline to $55.5 Million
Centrus Energy posted a decline in quarterly revenue to $55.5 million as the company focuses on scaling its enrichment manufacturing capabilities.
Centrus Energy reported total revenue of $55.5 million for the third quarter of 2026, marking a 26% decline compared to the $74.9 million recorded during the same period in 2025. While GAAP net income rose to $31.6 million from $3.9 million in the prior year, the company reported a non-GAAP adjusted net loss of $9.4 million for the quarter.
The revenue shortfall was driven by declines across both the Low-Enriched Uranium (LEU) and Technical Solutions segments. LEU revenue fell by 29% due to lower uranium sales volumes, while Technical Solutions revenue dipped 21%, reflecting a reduction in activity under the company’s HALEU production contract with the Department of Energy.
Despite the revenue contraction, Centrus highlighted progress in its production infrastructure. The company expanded its LEU and HALEU backlog to $5.4 billion and began shipping centrifuges from its Oak Ridge, Tennessee, facility. CEO Amir Vexler stated that the company is currently focused on scaling its supply chain to meet future demand from both national security and commercial sectors.