Equity Profile

SMR

NuScale Power Corporation

IndustrialsHeavy Electrical Equipment$2.9B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

NuScale Power Corporation is a company in the industrial sector that focuses on developing small modular reactors for nuclear power generation. This technology aims to provide a safer and more efficient way to produce energy, which is increasingly important as the world seeks cleaner energy solutions.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

N/A

Revenue

Revenue growth is crucial for assessing the company's market demand and operational success.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

SMR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-491.47%

Avg Stock Reaction

-2.58%

Last Quarter Recap

In Q1 2026, NuScale reported an EPS of -$0.14, which was worse than the expected -$0.11, leading to a stock drop of 6.95% the following day. The company continues to face challenges in meeting earnings expectations.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for NuScale's upcoming earnings are mixed, given its recent history of missing earnings estimates. Investors are cautious as the company has not provided guidance for this quarter.

Bull Case

The optimistic view hinges on the potential for a surprise positive earnings report, which could signal improved operational efficiency and market demand for its technology.

Bear Case

Conversely, the pessimistic outlook is driven by the company's recent struggles with profitability and the risk of further disappointing earnings results.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given the company's recent history of missing earnings estimates, the EPS figure will be critical in determining market sentiment.

How is NuScale addressing its revenue generation challenges?

Investors will be looking for specific strategies or developments that could lead to improved revenue, which is essential for the company's growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for operational improvements that could lead to a smaller-than-expected loss this quarter. Investors might be overly focused on past performance without considering recent advancements in technology and partnerships.

Supporting Evidence

Options are pricing in an 11% move, indicating expectations of volatility that may not materialize if the company stabilizes its operations.

The historical average move is only 3.69%, suggesting that the current options pricing is rich compared to past performance.

Key Risk

If EPS comes in better than -$0.10, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's earnings are pivotal as they follow a series of disappointing results, and any significant deviation from expectations could impact investor confidence.

Bull Confirmed If

A positive EPS surprise of at least -$0.10 would confirm the bull case and indicate improved financial health.

Bear Confirmed If

An EPS of worse than -$0.20 would confirm the bear case and raise concerns about the company's viability.

Pre-Earnings Positioning

Options Market

Implied Move

±11.0%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant move around the earnings report, suggesting that investors expect volatility.

Options are pricing ±11.0% while SMR has averaged ±3.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.1%

30d HV

107.2%

Calls (3.0M)P/C Ratio: 0.18Puts (914K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Industrials

n=30

Fade rate: 12 of 30 (40%)

This setup has occurred 30 times across Industrials in the last 2 years. 12 of 30 faded and 18 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 6.3%, with a raw directional average of +1.5% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NuScale beats expectations, history suggests a potential stock increase of around 0.17%, confirming a positive shift in investor sentiment.

In-Line / Cautious

An in-line report could lead to a muted reaction, as investors may remain cautious given the lack of guidance.

Miss

If the company misses expectations again, history suggests a decline of approximately 5.31%, which could further erode investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on partnerships or contracts that could drive revenue growth.
2Details on cost management strategies that may improve profitability.
3Insights into market demand for small modular reactors.
4Clarification on the company's roadmap for technology development.
5Any commentary on regulatory changes that could impact operations.

See the full picture

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

N/A

Revenue

Revenue growth is crucial for assessing the company's market demand and operational success.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

SMR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-491.47%

Avg Stock Reaction

-2.58%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

The optimistic view hinges on the potential for a surprise positive earnings report, which could signal improved operational efficiency and market demand for its technology.

Bear Case

Conversely, the pessimistic outlook is driven by the company's recent struggles with profitability and the risk of further disappointing earnings results.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given the company's recent history of missing earnings estimates, the EPS figure will be critical in determining market sentiment.

How is NuScale addressing its revenue generation challenges?

Investors will be looking for specific strategies or developments that could lead to improved revenue, which is essential for the company's growth.

Edge

What the Street Is Missing

Why consensus could be wrong

Supporting Evidence

Options are pricing in an 11% move, indicating expectations of volatility that may not materialize if the company stabilizes its operations.

The historical average move is only 3.69%, suggesting that the current options pricing is rich compared to past performance.

Key Risk

If EPS comes in better than -$0.10, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's earnings are pivotal as they follow a series of disappointing results, and any significant deviation from expectations could impact investor confidence.

Bull Confirmed If

A positive EPS surprise of at least -$0.10 would confirm the bull case and indicate improved financial health.

Bear Confirmed If

An EPS of worse than -$0.20 would confirm the bear case and raise concerns about the company's viability.

Pre-Earnings Positioning

Options Market

Implied Move

±11.0%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant move around the earnings report, suggesting that investors expect volatility.

Options are pricing ±11.0% while SMR has averaged ±3.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.1%

30d HV

107.2%

Calls (3.0M)P/C Ratio: 0.18Puts (914K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Industrials

n=30

Fade rate: 12 of 30 (40%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NuScale beats expectations, history suggests a potential stock increase of around 0.17%, confirming a positive shift in investor sentiment.

In-Line / Cautious

An in-line report could lead to a muted reaction, as investors may remain cautious given the lack of guidance.

Miss

If the company misses expectations again, history suggests a decline of approximately 5.31%, which could further erode investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on partnerships or contracts that could drive revenue growth.
2Details on cost management strategies that may improve profitability.
3Insights into market demand for small modular reactors.
4Clarification on the company's roadmap for technology development.
5Any commentary on regulatory changes that could impact operations.