NuScale Power Corp. (NuScale Power (SMR)) released its second-quarter results after Wednesday's closing bell, and while the loss per share matched what Wall Street had braced for, the revenue picture was a different story entirely.
The company reported a quarterly loss of 13 cents per share, which met the consensus estimate. But revenue came in at just $75,000, a far cry from the $8.91 million analysts had penciled in.
Digging into the numbers, research and development expenses climbed by $6.6 million during the three months ending June 30, 2026, compared with the same period last year. That's a notable jump, and it's worth keeping an eye on as the company continues to push its small modular reactor technology forward.
CEO John Hopkins struck an optimistic tone despite the miss, framing the nuclear push as a matter of urgency. "As demand for clean, reliable power grows more urgent by the day, the question for off-takers is no longer whether to go with nuclear — it is which technology can actually deliver, and when," he said.
Investors, however, seemed less convinced in the moment. According to data from MarketDash, NuScale stock was down 5.76% to $8.84 in Wednesday's extended trading session.
For a company still in the early stages of commercializing its technology, revenue misses like this can sting, but the real test will be whether the pipeline of potential customers turns into actual orders down the line.
