Strong revenue growth and order momentum confirm nuclear power tailwinds. The GAAP loss is non-cash burden from acquisitions; focus on adjusted EBITDA and orders trajectory. Monitor Q2 for margin improvement and organic growth sustainability.
Price Chart
Executive Summary
Mirion reported Q1 2026 revenue of $257.6M (+27.5% YoY), beating the $202.0M prior year, and adjusted EPS of $0.10 (in line with prior year, above $0.09 consensus). GAAP net loss was $3.4M vs income of $0.4M a year ago due to higher acquisition-related costs. Orders surged 42% (incl. acquisitions), and the company reaffirmed full-year 2026 revenue, EBITDA, and FCF guidance, while slightly lowering adjusted EPS guidance to reflect a one-time CEO stock option grant.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $257.6M, up 27.5% YoY from $202.0M
- GAAP net loss of $(3.4)M vs net income of $0.4M in Q1 2025
- Adjusted EPS (non-GAAP) of $0.10, flat YoY, beating consensus $0.09
- Adjusted EBITDA of $54.3M, up 16.3% from $46.7M
- Total orders of $288M (+42%) including acquisitions; organic orders $241M (+19%)
- Reaffirmed 2026 guidance: revenue growth 22-24%, Adj. EBITDA $285-300M, Adj. FCF $155-175M
- Revised adjusted EPS guidance to $0.48-$0.55 from $0.50-$0.57 due to CEO retention grant
- Operating cash flow of $18.9M vs $35.6M in prior year; free cash flow of $9.4M
Financial Impact
Revenue up ~$55.6M YoY; adjusted EBITDA up ~$7.6M; GAAP loss of $3.4M vs gain of $0.4M
Risk Factors
- GAAP net loss and higher SG&A ($105.8M vs $78.7M) due to acquisitions and one-time costs
- Foreign currency loss of $3.7M vs gain of $2.8M in prior year
- Adjusted EPS guidance lowered slightly; stock-based compensation impact may persist
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-027943 |
| Document: mir-20260428.htm | 0001628280-26-027943 |
| Document: 0001628280-26-027943-index-headers.html | 0001628280-26-027943 |
| Document: 0001628280-26-027943-index.html | 0001628280-26-027943 |
| Document: 0001628280-26-027943.txt | 0001628280-26-027943 |
| 8-K Data (Synthetic) | 0001628280-26-027943 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 28, 2026 9w ago | 8-K | $14.57 $14.90 | ▲ +2.26% | ▼ −2.76% | $14.76 (+1.30%) |
Apr 28, 2026 22w ago | 8-K | $18.66 $17.10 | ▼ −8.36% | ▼ −14.41% | $14.76 (−20.90%) |
Apr 13, 2026 24w ago | 8-K | $19.33 $18.47 | ▼ −4.45% | ▼ −12.18% | $14.76 (−23.64%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access