We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NuScale Power Shares Dip 5% as Q1 Earnings Miss, Revenues Fall Y/Y
Read MoreHide Full Article
Key Takeaways
SMR posted Q1 loss of 14 cents per share, wider than estimates and year-ago results.
SMR revenues dropped to $0.6M in Q1 from year-ago quarter's $13.4M, due to lower RoPower activity.
SMR reported wider operating loss as R&D and other expenses increased year over year.
NuScale Power (SMR - Free Report) shares lost 5% on Thursday in the after-market hours after the company reported weaker-than-expected bottom-line results for the first quarter of 2026.
NuScale Power reported first-quarter 2026 loss of 14 cents per share, wider than the Zacks Consensus Estimate of a loss of 11 cents. The company had incurred a loss of 11 cents in the year-ago quarter.
The company reported revenues of $0.6 million for the first quarter, marking a significant decline from $13.4 million in the prior-year quarter, reflecting a tough comparison against RoPower technology license and prior engineering activity.
NuScale Power Corporation Price, Consensus and EPS Surprise
The revenue decline largely stemmed from timing and project mix. Management attributed the year-over-year reduction to revenue recognized from the RoPower technology license agreement that was completed in the first quarter of 2025, as well as the completion of Fluor’s FEED Phase 2 engineering services in late 2025, with no comparable activity in the first quarter of 2026.
With RoPower-related services paused at a later stage in the development cycle, reported revenues reflected a quieter quarter on the commercial execution front. As projects move forward, management reiterated expectations to realize revenues and operating cash flow from the sale of products and services.
SMR’s Q1 Operating Details
SMR’s first-quarter 2026 gross margin declined significantly to 3.7% from 52.4% in the first quarter of 2025.
In the first quarter of 2026, SMR’s research & development expenses increased 40.2% year over year to $12.8 million. General & administrative expenses increased 6.8% year over year to $24.8 million. Other expenses increased to $19.9 million, rising significantly from the year-ago quarter’s 9.9 million.
The company reported an operating loss of $57.5 million, wider than the loss of $35.3 million reported in the year-ago quarter.
SMR’s Balance Sheet Details
As of March 31, 2026, NuScale Power had cash and cash equivalents and short-term investments of $890.1 million compared with $1.25 billion as of Dec. 31, 2025.
Zacks Rank & Other Stocks to Consider
NuScale Power currently carries a Zacks Rank #2 (Buy).
Shares of Broadcom have gained 19.2% year to date. The Zacks Consensus Estimate for Broadcom’s 2026 earnings is pegged at $11.45 per share, up by 9 cents over the past 30 days, indicating an increase of 67.9% year over year.
Shares of Celestica have gained 30.3% year to date. The Zacks Consensus Estimate for Celestica’s 2026 earnings is pegged at $10.16 per share, up 3.4% over the past seven days, indicating an increase of 67.9% year over year.
Amphenol shares have jumped 1.1% year to date. The Zacks Consensus Estimate for APH’s 2026 earnings is pegged at $4.76 per share, up by 11% over the past seven days, indicating an increase of 42.5% year over year.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Zacks
NuScale Power Shares Dip 5% as Q1 Earnings Miss, Revenues Fall Y/Y
Key Takeaways
NuScale Power (SMR - Free Report) shares lost 5% on Thursday in the after-market hours after the company reported weaker-than-expected bottom-line results for the first quarter of 2026.
NuScale Power reported first-quarter 2026 loss of 14 cents per share, wider than the Zacks Consensus Estimate of a loss of 11 cents. The company had incurred a loss of 11 cents in the year-ago quarter.
The company reported revenues of $0.6 million for the first quarter, marking a significant decline from $13.4 million in the prior-year quarter, reflecting a tough comparison against RoPower technology license and prior engineering activity.
NuScale Power Corporation Price, Consensus and EPS Surprise
NuScale Power Corporation price-consensus-eps-surprise-chart | NuScale Power Corporation Quote
SMR’s Revenues Fall on RoPower Timing and Mix
The revenue decline largely stemmed from timing and project mix. Management attributed the year-over-year reduction to revenue recognized from the RoPower technology license agreement that was completed in the first quarter of 2025, as well as the completion of Fluor’s FEED Phase 2 engineering services in late 2025, with no comparable activity in the first quarter of 2026.
With RoPower-related services paused at a later stage in the development cycle, reported revenues reflected a quieter quarter on the commercial execution front. As projects move forward, management reiterated expectations to realize revenues and operating cash flow from the sale of products and services.
SMR’s Q1 Operating Details
SMR’s first-quarter 2026 gross margin declined significantly to 3.7% from 52.4% in the first quarter of 2025.
In the first quarter of 2026, SMR’s research & development expenses increased 40.2% year over year to $12.8 million. General & administrative expenses increased 6.8% year over year to $24.8 million. Other expenses increased to $19.9 million, rising significantly from the year-ago quarter’s 9.9 million.
The company reported an operating loss of $57.5 million, wider than the loss of $35.3 million reported in the year-ago quarter.
SMR’s Balance Sheet Details
As of March 31, 2026, NuScale Power had cash and cash equivalents and short-term investments of $890.1 million compared with $1.25 billion as of Dec. 31, 2025.
Zacks Rank & Other Stocks to Consider
NuScale Power currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader Zacks Computer and Technology sector are Broadcom (AVGO - Free Report) , Celestica (CLS - Free Report) and Amphenol (APH - Free Report) , each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Broadcom have gained 19.2% year to date. The Zacks Consensus Estimate for Broadcom’s 2026 earnings is pegged at $11.45 per share, up by 9 cents over the past 30 days, indicating an increase of 67.9% year over year.
Shares of Celestica have gained 30.3% year to date. The Zacks Consensus Estimate for Celestica’s 2026 earnings is pegged at $10.16 per share, up 3.4% over the past seven days, indicating an increase of 67.9% year over year.
Amphenol shares have jumped 1.1% year to date. The Zacks Consensus Estimate for APH’s 2026 earnings is pegged at $4.76 per share, up by 11% over the past seven days, indicating an increase of 42.5% year over year.