Equity Profile

SMR

NuScale Power Corporation

IndustrialsHeavy Electrical Equipment$3.6B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

NuScale Power Corporation is a player in the heavy electrical equipment sector, focusing on advanced nuclear power technology. As the world seeks cleaner energy solutions, NuScale's small modular reactors could be significant in addressing energy needs while reducing carbon emissions.

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a crucial indicator of profitability and helps investors gauge the company's financial health.

N/A

Revenue Growth

Revenue growth is essential for understanding how well the company is expanding its business and market share.

N/A

1 more metrics, 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 loss of $-0.14, which was worse than the expected loss of $-0.11. The stock reacted negatively, dropping 6.95% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, there is uncertainty surrounding NuScale's upcoming earnings, especially given its recent performance. Investors are looking for signs of improvement in profitability and project execution.

Bull Case

If NuScale shows a significant reduction in losses and provides positive updates on project timelines, it could boost investor confidence and drive the stock price up.

Bear Case

Conversely, if the company continues to miss EPS expectations and fails to provide clarity on revenue growth, it may lead to further declines in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the updated timeline for key project milestones?

The market will closely watch for any delays or advancements in project timelines, as these can significantly impact future revenue and investor sentiment.

How does management plan to address the recent EPS losses?

Investors will be looking for concrete strategies to improve profitability, as continued losses could lead to a lack of confidence in the company's future.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for NuScale to recover from its recent losses, especially if management provides a clear path to profitability.

Supporting Evidence

Options are pricing in an 11% move, indicating higher volatility expectations than historical averages.

The recent insider selling could be seen as a negative signal, but it may also reflect a strategic repositioning rather than a lack of confidence in the company's future.

Key Risk

If project milestones are met ahead of schedule, it could significantly shift market sentiment and expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's focus is on whether NuScale can demonstrate progress in its financial performance and project execution amidst recent losses.

Bull Confirmed If

A reduction in EPS losses to below $-0.10 would signal improved financial health and operational efficiency.

Bear Confirmed If

If EPS losses exceed $-0.20, it would confirm ongoing financial struggles and could lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±11.0%

Historical Avg

±3.7%

Pricing rich

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

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).

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$472.8M

39,936,472 sh

1 insider

Net

$472.8M

Net selling

Most Active Insiders· 3 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NuScale beats expectations and raises guidance, history suggests the stock could rise by around 0.17% on the first day.

In-Line / Cautious

If results are in line but management is cautious, the stock may see muted movement as investors digest the information.

Miss

A significant miss could lead to a decline of approximately 5.31% based on historical patterns.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on the timeline for key project milestones.
2Any commentary on strategies to improve EPS losses.
3Insights into revenue growth expectations for the upcoming quarters.
4Details on operational efficiencies being implemented.
5Management's perspective on market demand for their technology.

See the full picture

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Company Snapshot

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a crucial indicator of profitability and helps investors gauge the company's financial health.

N/A

Revenue Growth

Revenue growth is essential for understanding how well the company is expanding its business and market share.

N/A

1 more metrics, 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 loss of $-0.14, which was worse than the expected loss of $-0.11. The stock reacted negatively, dropping 6.95% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, there is uncertainty surrounding NuScale's upcoming earnings, especially given its recent performance. Investors are looking for signs of improvement in profitability and project execution.

Bull Case

If NuScale shows a significant reduction in losses and provides positive updates on project timelines, it could boost investor confidence and drive the stock price up.

Bear Case

Conversely, if the company continues to miss EPS expectations and fails to provide clarity on revenue growth, it may lead to further declines in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the updated timeline for key project milestones?

The market will closely watch for any delays or advancements in project timelines, as these can significantly impact future revenue and investor sentiment.

How does management plan to address the recent EPS losses?

Investors will be looking for concrete strategies to improve profitability, as continued losses could lead to a lack of confidence in the company's future.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for NuScale to recover from its recent losses, especially if management provides a clear path to profitability.

Supporting Evidence

Options are pricing in an 11% move, indicating higher volatility expectations than historical averages.

The recent insider selling could be seen as a negative signal, but it may also reflect a strategic repositioning rather than a lack of confidence in the company's future.

Key Risk

If project milestones are met ahead of schedule, it could significantly shift market sentiment and expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's focus is on whether NuScale can demonstrate progress in its financial performance and project execution amidst recent losses.

Bull Confirmed If

A reduction in EPS losses to below $-0.10 would signal improved financial health and operational efficiency.

Bear Confirmed If

If EPS losses exceed $-0.20, it would confirm ongoing financial struggles and could lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±11.0%

Historical Avg

±3.7%

Pricing rich

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

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%)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$472.8M

39,936,472 sh

1 insider

Net

$472.8M

Net selling

Most Active Insiders· 3 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NuScale beats expectations and raises guidance, history suggests the stock could rise by around 0.17% on the first day.

In-Line / Cautious

If results are in line but management is cautious, the stock may see muted movement as investors digest the information.

Miss

A significant miss could lead to a decline of approximately 5.31% based on historical patterns.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on the timeline for key project milestones.
2Any commentary on strategies to improve EPS losses.
3Insights into revenue growth expectations for the upcoming quarters.
4Details on operational efficiencies being implemented.
5Management's perspective on market demand for their technology.