Mirion Technologies Inc. Class A Common Stock Q1 2026 Earnings Recap

Mirion shares gained 5.7% following Q1, as accelerating Nuclear Power orders and a surge in backlog materially outpaced market expectations. Recent acquisitions, Paragon and Certrec, contributed to substantial order and revenue growth, with integration delivering above-plan results.

Key Takeaways

• Company-wide orders rose 19% year-over-year to $241 million, or 42% to $288 million including M&A, with growth across both segments.
• Backlog expanded to $1.1 billion, increasing 19% excluding M&A, or 38% including deals.
• Paragon contributed $43 million in orders and delivered 45% revenue growth in Q1, with improving operating leverage and margins.
• Large opportunity orders totaled $50 million in Q1, with an additional $35 million secured in April from SMR-related projects, supporting visibility into future performance.
• Integration of Paragon and Certrec is yielding enhanced customer access and expanding Mirion’s addressable market at a time of sharply rising Nuclear Power capital spending.