Constellation Energy Beats Q3 2026 Estimates as Revenue Rises 45% to $9.55B

Constellation Energy (CEG) beat estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $9.55 billion, up 45% from a year earlier, above the $9.23 billion estimate, and adjusted EPS was $5.06, up 66% from a year earlier, above the $3.90 estimate.

Shares rose 3.9% in premarket trading as of 6:51 a.m. ET, to $259.76 from a $249.95 close.

Q3 2026 scorecard

By our calculation, revenue was $316.5 million above the estimate and adjusted EPS was $1.16 above it. The QoQ column compares with the previous quarter's revenue of $7.50 billion and adjusted EPS of $2.55. The YoY column compares with $6.57 billion and $3.04 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 6 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 6 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $6.57 billion, $6.07 billion, $11.12 billion, $7.50 billion and $9.55 billion.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $3.02 and revenue of $8.91 billion next quarter, based on 8 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 45% increase to $9.55 billion.
• Estimate record. Whether Constellation Energy extends a record of beating EPS estimates in 6 of its last 8 reports.
• Related coverage. See our reports on Target Hospitality, Ferguson Enterprises, NRG Energy and Somnigroup International.

Sources: Results are from Constellation Energy's Nov. 9, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Constellation Energy's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.