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 company in the industrial sector that focuses on developing small modular reactors for nuclear power generation. As the world seeks cleaner energy solutions, NuScale's technology could play a significant role in the transition to sustainable energy sources.

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 will indicate demand for NuScale's technology and its ability to capture market share in the energy sector.

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 decline of 6.95% the following day. The company continues to face challenges in meeting market expectations.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about NuScale's upcoming earnings, particularly given the company's potential role in the growing clean energy market. However, past performance has raised concerns about its ability to meet earnings expectations.

Bull Case

If NuScale can demonstrate improved cost management and revenue growth, it could signal a turnaround and attract more investment, particularly as interest in clean energy rises.

Bear Case

Continued losses and failure to show progress in revenue could lead to further declines in stock price, as investors may lose confidence in the company's business model.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for this quarter, and how does it compare to previous quarters?

Given the company's recent history of missing earnings expectations, a better-than-expected EPS could restore some investor confidence.

What updates can management provide on revenue growth and market demand for their technology?

Understanding revenue trends is crucial for assessing the company's future viability and growth potential in the clean energy sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for NuScale's technology to gain traction as demand for clean energy solutions increases, despite its recent struggles.

Supporting Evidence

The options market is pricing in an 11% move, indicating that significant volatility is expected, which may not align with the company's actual performance.

Insider selling of $472.8M raises concerns about confidence in the company's future, which could impact investor sentiment.

Key Risk

If NuScale can show a clear path to revenue growth, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether NuScale can show signs of financial improvement amidst increasing competition in the clean energy market.

Bull Confirmed If

A significant reduction in EPS losses, ideally approaching breakeven, would confirm the bull case.

Bear Confirmed If

Continued significant losses in EPS and stagnant revenue would confirm the bear case.

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

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, history suggests the stock could rise by around 0.17%, confirming a positive outlook for the company's recovery.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting ongoing uncertainty about the company's future.

Miss

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

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on partnerships or contracts that could drive revenue growth.
2Management's commentary on cost management strategies and operational efficiencies.
3Insights into market demand for small modular reactors and how NuScale plans to capture it.
4Any guidance on future earnings expectations or financial targets.
5Responses to questions about recent insider selling and its implications for the company's outlook.

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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 will indicate demand for NuScale's technology and its ability to capture market share in the energy sector.

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

If NuScale can demonstrate improved cost management and revenue growth, it could signal a turnaround and attract more investment, particularly as interest in clean energy rises.

Bear Case

Continued losses and failure to show progress in revenue could lead to further declines in stock price, as investors may lose confidence in the company's business model.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for this quarter, and how does it compare to previous quarters?

Given the company's recent history of missing earnings expectations, a better-than-expected EPS could restore some investor confidence.

What updates can management provide on revenue growth and market demand for their technology?

Understanding revenue trends is crucial for assessing the company's future viability and growth potential in the clean energy sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for NuScale's technology to gain traction as demand for clean energy solutions increases, despite its recent struggles.

Supporting Evidence

The options market is pricing in an 11% move, indicating that significant volatility is expected, which may not align with the company's actual performance.

Insider selling of $472.8M raises concerns about confidence in the company's future, which could impact investor sentiment.

Key Risk

If NuScale can show a clear path to revenue growth, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether NuScale can show signs of financial improvement amidst increasing competition in the clean energy market.

Bull Confirmed If

A significant reduction in EPS losses, ideally approaching breakeven, would confirm the bull case.

Bear Confirmed If

Continued significant losses in EPS and stagnant revenue would confirm the bear case.

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

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, history suggests the stock could rise by around 0.17%, confirming a positive outlook for the company's recovery.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting ongoing uncertainty about the company's future.

Miss

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

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on partnerships or contracts that could drive revenue growth.
2Management's commentary on cost management strategies and operational efficiencies.
3Insights into market demand for small modular reactors and how NuScale plans to capture it.
4Any guidance on future earnings expectations or financial targets.
5Responses to questions about recent insider selling and its implications for the company's outlook.