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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for NuScale Power Corporation (SMR) is 2/10, unchanged from the prior quarter.
NuScale's GAAP revenue fell to $0.6 million in the first quarter of 2026 from $13.4 million a year earlier, as the one-time RoPower technology-licensing agreement and Fluor FEED Phase 2 engineering services that drove prior-year revenue were completed in 2025, and the pre-commercial developer again reported a net loss. Progress in the quarter was strategic rather than financial: ENTRA1's discussions with TVA over a 6-gigawatt program advanced toward a definitive power purchase agreement, the Romanian government approved the RoPower investment decision, and NuScale reinforced its position as the only SMR company with NRC standard design approval. Management strengthened the balance sheet, with liquidity of $1 billion at quarter-end rising to over $1.2 billion by early May against roughly $55 million of quarterly operating expense, and highlighted supply-chain readiness with 37 supplier partners and module components in production at Doosan. Management declined to provide forward guidance and characterized it as a quieter quarter from an announcement perspective, with no commercial contracts yet signed. The near-term story hinges on converting the ENTRA1/TVA and RoPower pipelines into signed, revenue-generating agreements.
Scored from NuScale Power Corporation’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $34M | +650.5% | $-0.77 | -220.8% | -34.6% | -219.1% | $-26M |
| FY2025 Q1 | $13M | +869.9% | $-0.11 | +47.6% | -264.1% | -104.7% | $-23M |
| FY2025 Q2 | $8M | +732.9% | $-0.13 | +58.1% | -534.9% | -219.0% | $-33M |
| FY2025 Q3 | $8M | +1635.2% | $-1.85 | -927.8% | -6532.9% | -3316.2% | $-200M |
| FY2025 Q4 | $2M | -94.7% | $-0.16 | +79.2% | -4022.2% | -2811.3% | $-204M |
| FY2026 Q1 | $565,000 | -95.8% | $-0.27 | -145.5% | -10181.2% | -7790.3% | $-316M |
| FY2026 Q2 | $75,000 | -99.1% | $-0.29 | -123.1% | -85337.3% | -63385.3% | $-57M |