X-Energy

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus on the top line, with revenue and grant income of $54.6M vs. $33.6M expected, driven by accelerated DOE ARDP project execution. However, the GAAP EPS loss of $0.21 was wider than the $0.10 expected mean, primarily due to higher-than-anticipated non-cash equity compensation and warrant mark-to-market losses. Total liquidity remains robust at $1.9B following a successful $1.1B IPO, providing a strong runway for TRISO-X fuel facility construction and Xe-100 reactor deployment.