NuScale Power Q3 2026 EPS Tops Estimates at -$0.11, but Revenue Misses at $281K
Revenue of $281K vs. $3.7M expected and adjusted EPS of -$0.11 vs. -$0.12; revenue down 97% from a year earlier.
NuScale Power (SMR) posted mixed third-quarter 2026 results, with adjusted EPS above the estimate and revenue below it. Revenue was $281 thousand, down 97% from a year earlier, below the $3.7 million estimate, and adjusted EPS was -$0.11, up 94% from a year earlier, above the -$0.12 estimate.
Shares rose 0.2% in after-hours trading as of 5:12 p.m. ET, to $4.36 from a $4.35 close.
Q3 2026 scorecard
| Parameters | Expected | Actual | Beat/Miss |
|---|---|---|---|
| Adjusted EPS | -$0.12 | -$0.11 | Beat by 9.9% |
| Revenue | $3.7M | $281K | Miss by 92% |
| Change | YoY | QoQ |
|---|---|---|
| Adjusted EPS | ▲ 94% | ▲ 15% |
| Revenue | ▼ 97% | ▲ 275% |
By our calculation, revenue was $3.4 million below the estimate and adjusted EPS was $0.01 above it. The QoQ column compares with the previous quarter's revenue of $75 thousand and adjusted EPS of -$0.13. The YoY column compares with $8.2 million and -$1.85 in the same quarter a year earlier.
Track record
- EPS record. Adjusted EPS beat the estimate in 3 of the last 8 reports, including this one.
- Revenue record. Revenue beat the estimate in 2 of the last 8 reports.
- Revenue trend. Revenue over the last 5 reports, oldest first: $8.2 million, $1.8 million, $565 thousand, $75 thousand and $281 thousand.
What to watch
- Next-quarter estimates. Consensus calls for EPS of -$0.12 and revenue of $9.5 million next quarter, based on 3 analysts.
- Revenue growth. Whether revenue stabilizes after this quarter's 97% decline from a year earlier to $281 thousand.
- Estimate record. Whether NuScale Power returns to beating EPS estimates, which it did in 3 of its last 8 reports.
- Related coverage. See our reports on Silvercorp Metals, MasterBrand, Mach Natural Resources and Sweetgreen.
Sources: Results are from NuScale Power's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from NuScale Power's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.
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