Oklo Posts First-Ever Revenue of $1.21M, Guides for $120M+ Operating Cash Flow in 2026
OKLO sits 30% above its 52-week low of $36.61.
Summary
Oklo reported its first revenue ever — $1.21M in Q2, nearly 10x the estimate — alongside a wider loss of $0.28 per share. The company ended the quarter with $1.6B in cash and guided for $120M-$150M in operating cash flow for 2026, with capex of $400M-$500M. This follows the Groves test reactor achieving first criticality yesterday, and the 10-Q filed earlier today. The revenue milestone and forward guidance give investors their first concrete financial framework for the nuclear startup. Key deployment updates include a DOE site use permit for the Idaho National Laboratory, a 5-metric-ton HALEU fuel allocation, and progress on regulatory submissions for the Aurora powerhouse. Oklo also disclosed AI collaborations with NVIDIA and national labs, and a growing customer pipeline with LOIs from Equinix, Diamondback Energy, and Prometheus Hyperscale, plus a 12 GW agreement with Switch and a prepayment deal with Meta for a 1.2 GW campus.
At the time of this announcement, OKLO was trading at $47.44 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $8.3B. The 52-week trading range was $36.61 to $193.84. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.