NuScale Power (SMR)
NYSE:SMR
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.13Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call highlighted significant strategic and technical achievements (unique NRC Part 52 approvals for two designs, LEU fuel availability, dry‑cooling water savings, strong supplier relationships, and a robust liquidity position increasing from ~$1.0B to >$1.2B), and identified promising commercial opportunities (ENTRA1–TVA pipeline and RoPower in Romania). At the same time, near‑term financials are weak (Q1 revenue fell ~95.5% year‑over‑year to $0.6M), commercialization remains dependent on third‑party financing and PPA/OEM finalizations, operating expenses are substantial (~$55M this quarter) and timelines for FIDs remain uncertain. Overall, the call conveys strategic strength and clear commercialization potential but balanced by near‑term revenue and execution risks.Company Guidance
Unique Regulatory Leadership
Only SMR company to earn U.S. NRC Standard Design Approval under 10 CFR Part 52 for both 50 MW and 77 MW module designs, enabling a streamlined single combined license pathway and making future projects able to reference an approved design.
Strong Liquidity Position
Approximately $1.0 billion in cash and other capital resources at March 31, 2026, increasing to over $1.2 billion by early May 2026 (≈20%+ increase), providing runway to fund commercialization and supply chain readiness.
Supply Chain and Manufacturing Progress
Strengthened partnerships with key suppliers (Framatome, Doosan Enerbility), active production activity at Doosan, annual supplier working group with 37 key partners and a broader supplier summit of 120–130 attendees (representing >50% of supplier base) — actions described as materially de‑risking the supply chain.
Fuel Availability Advantage (LEU)
NuScale modules run on widely available low enriched uranium (LEU) with Framatome supplying from multiple facilities (Richland WA, Lingen Germany, France), removing HALEU-related supply risk for near-term deployments.
Water-Smart Dry Cooling Benefit
Dry air-cooled condensers cut water consumption by more than 90% versus wet cooling towers, giving a major siting advantage in arid regions and reducing water-related constraints and costs.
Pipeline and Strategic Opportunities
Advanced discussions with ENTRA1 and TVA for up to 6 GW of NuScale-based capacity; RoPower (Doicesti, Romania) received government investment approval and is described as the most advanced SMR effort in Europe, plus engagement under U.S.-Japan and Korea financing frameworks.
Operations and Commercial Readiness Moves
Opened a NuScale operations center in Houston (Energy Corridor) to deepen customer relationships and accelerate commercialization; ongoing OEM contract work and preparedness to deliver site-specific COLA and pre‑FEED services.
Capital Markets and Equity Overhang Resolution
Raised $37.9 million gross via sale of 3.2 million Class A shares in the quarter's ATM program and saw Fluor complete sale of remaining NuScale shares (Fluor realized a reported 4.3x return on a $570M initial investment), removing a cited overhang on the equity.
Historical Pre‑FID Revenue Example
RoPower-related pre-FEED, FEED Phase 2 and licensing work delivered roughly $8 million in revenue across 2024–2025, demonstrating the company can realize early-stage project revenues prior to OEM deliveries.
SMR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SMR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $12.58 | $12.55 | -0.24% |
Feb 26, 2026 | $13.33 | $12.85 | -3.60% |
Sep 30, 2025 | $36.00 | $36.61 | +1.69% |
Aug 07, 2025 | $44.68 | $39.35 | -11.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does NuScale Power (SMR) report earnings?
NuScale Power (SMR) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is NuScale Power (SMR) earnings time?
NuScale Power (SMR) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is SMR EPS forecast?
SMR EPS forecast for the fiscal quarter 2026 (Q2) is -0.13.