NuScale Power misses Q1 revenue estimates

Nuscale Power

07/05/2026 21:24

Overview

U.S. SMR technology provider's Q1 revenue fell sharply, missing analyst expectations

Net loss widened as R&D and G&A expenses increased

Revenue decline due to absence of prior-year RoPower project and completed engineering services

Outlook

Company did not provide specific financial guidance for the current or upcoming periods

Result Drivers

REVENUE DECLINE - Revenue and cost of sales fell due to the absence of revenue recognized from the RoPower technology license agreement and completed engineering services in the prior year

HIGHER R&D EXPENSES - Research and development costs rose due to increased activities to advance NPM component readiness and design maturity, partially offset by lower regulatory costs after SDA approval

INCREASED G&A EXPENSES - General and administrative expenses rose mainly due to higher compensation from increased headcount and higher organizational costs, partially offset by lower accounting and legal fees

Company press release: ID:nBwbz1bK8a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$565,000
$14.67 mln (9 Analysts)
Q1 Net Income
-$46.69 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy."

Wall Street's median 12-month price target for Nuscale Power Corp is $19.00, about 40.5% above its May 6 closing price of $13.52

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)