---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-030674"
form_type: "8-K"
ticker: "LEU"
cik: "0001065059"
company_name: "CENTRUS ENERGY CORP"
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:11:42.323780+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Centrus Q1 rev up 5% to $76.7M, net income down 63%; raises FY rev guidance to $450-500M

## Summary
- GAAP net income $10.0M ($0.45 diluted EPS); adjusted net income $23.5M ($1.05 adjusted diluted EPS).
- LEU segment rev $44.6M (-13% YoY) on 47% lower volume but 52% higher price; Tech Solutions rev $32.1M (+47%) on HALEU contract.
- Backlog $3.9B, with $3.1B LEU backlog including $2.4B contingent commitments tied to Piketon expansion.
- Launched Oak Ridge centrifuge mfg expansion; partnerships with Fluor, Palantir identified ~$300M potential cost savings; exploring JV with Oklo for HALEU deconversion.
- FY 2026 rev guidance raised to $450-500M (from $425-475M); capital deployment $350-500M; at least 100 net new hires at both Oak Ridge and Piketon.

## SEC filing metadata
- accession: 0001628280-26-030674
- form_type: 8-K
- ticker: LEU
- cik: 0001065059
- company_name: CENTRUS ENERGY CORP
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065059/000162828026030674/0001628280-26-030674-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065059/000162828026030674/leu-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-030674
- JSON: https://secwatch.observer/filing/0001628280-26-030674.json
- Plain text: https://secwatch.observer/filing/0001628280-26-030674.txt

## Key facts
- Earnings Releases
  CENTRUS ENERGY CORP reported the three months ended March 31, 2026 results: revenue $76.7 million, net income $10.0 million, EPS $0.51 (basic) and $0.45 (diluted) per common share. Guidance raised.
  - Period: the three months ended March 31, 2026
  - Revenue: $76.7 million
  - Net income: $10.0 million
  - EPS: $0.51 (basic) and $0.45 (diluted) per common share
  - Guidance: raised
  - Result: reported results
  source text: under the Securities Act of 1933 or the Exchange Act. --- EX-99.1 (EX-99.1) --- FOR IMMEDIATE RELEASE: May 5, 2026 Centrus Reports First Quarter 2026 Results • Revenue of $76.7 million, compared to revenue of $73.1 million in Q1 2025 • GAAP net income of $10.0 million compared to GAAP net income of $27.2 million in Q1 2025 • Non-GAAP adjusted net income (1) of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065059/000162828026030674/0001628280-26-030674-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.