Centrus Energy reported Q1 2026 revenue of $76.7 million, up from $73.1 million in Q1 2025, despite a drop in GAAP net income to $10.0 million from $27.2 million. The company launched a multi-year investment to expand centrifuge manufacturing in Oak Ridge, Tennessee, and formed strategic partnerships with Fluor and Palantir to improve efficiency and reduce costs, identifying $300 million in potential savings. Centrus also plans a joint venture with Oklo for uranium deconversion services and raised its full-year 2026 revenue guidance due to commercial progress. The company is focused on scaling uranium enrichment to support clean energy and national security amid global energy shifts.
