Mirion Announces Third Quarter 2026 Financial Results
Mirion posted Q3 2026 revenue of $277.8 million, up 24.5% year-over-year, with GAAP net income of $7.8 million versus $3.1 million a year ago and Adjusted EBITDA up 23.7% to $64.8 million. Orders were the standout: $340 million excluding the Paragon and Certrec acquisitions, up 62% (85% including deals), driven by a 105% jump in nuclear power-related orders; organic revenue growth was 6.5% with mid-to-high teens growth expected in Q4. The company raised FY2026 guidance: revenue growth to ~24-25% (from 22-24%), organic growth to ~7-8% (from 5-7%), and Adjusted FCF to $170-185M (from $155-175M), though the Adjusted EBITDA top end was trimmed to $292M from $300M.
Key figures
- Eps
- GAAP $0.03 (vs $0.01 prior year); Adjusted EPS $0.12 (flat YoY)
- Revenue
- 277800000
- Guidance
- FY2026 revenue growth ~24-25% (prior 22-24%); Organic revenue growth ~7-8% (prior 5-7%); Adjusted EBITDA $285M-$292M (prior $285M-$300M); Adjusted FCF $170M-$185M (prior $155M-$175M); Adjusted EPS $0.50-$0.54 (prior $0.48-$0.55)
- Revenue Yoy
- 24.5%
- Gross profit
- 131500000
- Adjusted ebitda
- 64800000
- Adjusted fcf q3
- 47000000
- Gaap net income
- 7800000
- Adjusted fcf ytd
- 107000000
- Operating income
- 17200000
- Adjusted ebitda yoy
- 23.7%
- Net leverage target
- approximately 2.6x by year-end
- Orders ex acquisitions
- 340000000
- Organic revenue growth
- 6.5%
- Nuclear power orders yoy
- 105%
- Orders incl acquisitions
- 386000000
- Orders ex acquisitions yoy
- 62%
- Orders incl acquisitions yoy
- 85%
AI analysis
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