Mirion Q2 revenue rises; co reaffirms FY 2026 guidance

Overview

• Radiation detection provider's Q2 revenue rose 20% yr/yr

• Adjusted EPS for Q2 rose to $0.12 from $0.11 yr/yr

• Company reaffirmed full-year 2026 revenue and earnings guidance

Outlook

• Mirion sees 2026 revenue growth of 22%–24%, including FX and acquisition tailwinds

• Company expects 2026 organic revenue growth of 5%–7%

• Mirion maintains 2026 adjusted EPS guidance at $0.48–$0.55 per share

Result Drivers

• MARGIN EXPANSION - Co said Q2 performance reflected margin expansion across both operating segments

• ORDER GROWTH - Co reported increased orders and backlog, including large opportunity orders captured in Q2

• ACQUISITIONS IMPACT - Acquisitions of Certrec and Paragon contributed to growth and ability to capitalize on nuclear power opportunities in North America

Company press release: ID:nBw36hMSWa

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the industrial machinery equipment peer group is "buy"

• Wall Street's median 12-month price target for Mirion Technologies Inc is $28.00, about 66.2% above its July 27 closing price of $16.85

• The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 32 three months ago

Reuters Recommended Reads

• July 28 - Illinois Tool Works raises annual profit forecast on strong industrial demand

• July 27 - TransDigm to buy metal parts maker Prince Izant for $1.07 billion

• July 28 - Textron tops results estimates, aviation productivity concerns weigh

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)