Standard Nuclear Q2: Backlog Surges to $576.9M, First Commercial Reactor Core Delivered
STDN has more than doubled off its 52-week low of $7.05.
Summary
Standard Nuclear reported Q2 2026 results showing an eight-fold revenue increase, first gross profit, and backlog growth to $576.9 million. The company completed its first commercial TRISO reactor core and holds $239.9 million in pro forma cash.
Key Events · Earnings and Guidance · STDN
-
Backlog Grows Six-Fold to $576.9M
Total Contract Backlog reached $576.9 million as of August 26, 2026, up from $241.5 million at June 30 and $91.3 million at March 31. Funded Backlog increased approximately 93% to $119.3 million following the Antares Nuclear fuel supply agreement.
-
First Commercial Reactor Core Delivered
Standard Nuclear delivered 50 kgU of TRISO fuel to Radiant Industries in Q2 and completed the full reactor core after quarter end — the first complete core of commercially produced TRISO fuel from an independent U.S. manufacturer.
-
Revenue Up Eight-Fold, First Gross Profit
Q2 2026 revenue was $4.7 million versus $0.6 million in the prior-year period. Gross profit was $3.2 million, the company's first profitable quarter on a gross basis. Net loss was $3.4 million, or $(0.12) per share.
-
Debt-Free Balance Sheet with $239.9M Pro Forma Cash
The July IPO added approximately $137.7 million in net proceeds. Combined with $102.2 million of cash at June 30, the company holds roughly $239.9 million in pro forma cash with no debt.
Analysis · STDN · Industrial Applications And Services
Standard Nuclear's first quarterly report as a public company shows the business converting pipeline into contracted revenue. Total Contract Backlog grew six-fold since March to $576.9 million, with Funded Backlog nearly tripling to $119.3 million after the Antares Nuclear agreement. The company delivered its first complete reactor core of commercially produced TRISO fuel — a milestone no independent U.S. manufacturer has reached. Revenue jumped eight-fold year-over-year to $4.7 million, producing the first gross profit quarter in company history. The balance sheet is debt-free with roughly $239.9 million in pro forma cash after the July IPO, funding the Tennessee and Idaho facilities targeting Q4 2026 authorization. The stock trades near its 52-week high, reflecting the market's early enthusiasm for this nuclear fuel supplier.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, STDN was trading at $14.36 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $7.05 to $14.90. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.