Mirion Technologies Inc

Latest Results (17.05.2026):

Mirion Technologies Inc. reported results for the first quarter of 2026 (Q1 2026): revenue grew to $257.6 million (up 27.5% year-over-year), the company posted a GAAP net loss of $3.4 million, while Adjusted EBITDA rose to $54.3 million. Management reaffirmed most of its full-year 2026 guidance but revised Adjusted EPS to reflect a one-time CEO retention grant.

Revenue

Q1 2026 revenue was $257.6 million, up 27.5% vs. $202.0 million in Q1 2025 (product $197.0M; service $60.6M).

Profitability and margins

GAAP net loss for Q1 2026 was $3.4 million (loss per share $0.01) versus GAAP net income of $0.4 million in Q1 2025. Adjusted EBITDA was $54.3 million, a 16.3% increase from $46.7 million a year earlier; Adjusted EBITDA margin was 21.1% vs. 23.1% in Q1 2025.

Earnings per share (Adjusted)

GAAP loss per share (basic/diluted) was $(0.01) in Q1 2026. Adjusted EPS was $0.10 for Q1 2026, unchanged from $0.10 in Q1 2025; the current-period adjusted EPS calculation was updated to include stock‑based compensation.

Order activity and M&A contribution

Q1 2026 orders were $241 million excluding the Paragon & Certrec acquisitions (up 19% vs. $203M a year ago). Including Paragon and Certrec, orders were $288 million (up 42% YoY). Management cited strong Nuclear Power demand and Paragon’s contribution in its first full quarter.

2026 guidance

Mirion reaffirmed guidance for full-year 2026 on total revenue growth (~22%–24%), Organic Revenue growth (~5%–7%), Adjusted EBITDA ($285M–$300M; margin ~25%–26%), and Adjusted Free Cash Flow ($155M–$175M). Adjusted EPS was revised to ~$0.48–$0.55 (previously $0.50–$0.57) to reflect a special one-time CEO retention grant of performance-vesting stock options.

Cash flow and balance sheet

Cash and cash equivalents were $397.9 million at March 31, 2026 (total assets $3,535.9M). Net cash provided by operating activities in Q1 was $18.9 million; purchases of property, plant and equipment were $9.5 million. Convertible debt stood at $755.6 million and non‑current debt was $443.5 million.

Management commentary

CEO Thomas Logan highlighted accelerating Nuclear Power momentum, record capital spending by plant operators, and ongoing integration and synergies from Paragon as drivers of the quarter’s performance and backlog growth.