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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
NuScale Power
NuScale Power (SMR) investor relations material
NuScale Power Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Doosan Enerbility signed an agreement to fabricate the NPM first module’s upper reactor coolant system, advancing the collaboration into physical production.
Q3 net loss narrowed to $45.7M from $532.6M, principally against the prior-year $507.4M PMA milestone expense.
September 30 liquidity was $1,893.0M in cash, cash equivalents and short- and long-term investments.
Financial highlights
Q3 2026 revenue was $281K vs. $8.242M YoY; nine-month revenue was $921K vs. $29.671M, reflecting completed RoPower license and FEED work in 2025.
Q3 gross margin was $133K vs. $2.709M; nine-month gross margin was $2K vs. $11.5M.
Q3 operating loss was $64.820M vs. $538.440M; nine-month operating loss was $186.347M vs. $616.849M.
Q3 loss attributable to Class A holders was $43.7M, or $0.11/share, vs. $273.3M, or $1.85/share; nine-month loss was $135.2M, or $0.37/share, vs. $305.0M, or $1.37/share.
Q3 R&D rose $7.0M YoY to $18.007M, mainly from NPM development; G&A declined $491.3M to $27.918M, mainly against the prior-year PMA charge.
Outlook and guidance
Near-term operating expenses are expected to remain fairly constant; costs may rise as projects engage, through both OpEx and cost of goods sold.
ENTRA1 continued discussions with TVA toward a definitive PPA for a potential program targeting up to 6 GW; advancement depends on one or more PPAs.
RoPower discussions continue with Romanian partners; work is expected to resume after a pre-EPC contract is signed, contingent on financing.
Management expects prior CFPP COLA work to be 50%-60% transferable to new applications and plans to provide margin guidance after an order and OEM agreement clarify costs.
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Latest events from NuScale Power
- Q2 revenue fell to $75,000 as $1.9B liquidity supported deployment readiness.SMR
Q2 2026 - Industry-leading SMR technology, robust partnerships, and diverse applications drive growth.SMRInvestor presentation
- All proposals passed; management targets positive cash flow and values board diversity.SMRAGM 2026
- Revenue fell, net loss widened, but liquidity is strong and SMR projects are advancing.SMRQ1 2026
- Annual meeting to vote on directors, executive pay, auditor, and review governance and compensation.SMRProxy filing
- Annual meeting to vote on directors, executive pay, and auditor ratification for 2026.SMRProxy filing
- $750M raised, $1.3B liquidity, NRC-certified SMR, and $31.5M revenue highlight 2025.SMRQ4 2025
- Operating losses narrowed and cash position improved as SMR deployment advanced globally.SMRQ3 2024
- Q1 2025 revenue surged to $13.4M, with narrowed losses and a 20-year ENTRA1 partnership secured.SMRQ1 2025
Next NuScale Power earnings date
Q4 202626 Feb, 2027
NuScale Power
Next NuScale Power earnings date
Q4 202626 Feb, 2027
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Frequently asked questions
NuScale Power Corporation is an energy technology company that designs and develops small modular reactors (SMRs) for nuclear power generation. Its SMR technology is designed to provide scalable, flexible, and safe nuclear power solutions with reduced environmental impact. NuScale's reactors are intended for a range of applications, including electricity generation, industrial heating, and desalination. The company aims to offer a clean energy alternative to help meet global energy demands while reducing carbon emissions, targeting both domestic and international markets. The company is headquartered in Portland, Oregon, and its shares are listed on the NYSE.