NuScale Power Corporation Q3 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Key Business Highlights

  • Entered landmark manufacturing agreement with Doosan Enerbility for first-article production of the NuScale Power Module, marking transition from development to physical production and execution phase.
  • Advancing supply chain readiness with over 60 specialized suppliers; key partnerships include Framatome (fuel design) and Paragon (safety instrumentation and controls). Deployed nuclear-specific AI tools and achieved first-of-a-kind fabrication milestone with MillenniTEK for passive emergency core cooling system.
  • Preparing for TVA project: Licensing team supporting Construction and Operating License Application (COLA); 50-60% of prior Carbon-Free Power Project COLA work is reusable, compressing schedule and cost. Engineering support planned post-EPC selection.
  • Expanded E2 centers to 13 worldwide with new center signed this quarter, supporting training and awareness for SMR technology.
  • Commercial focus remains on ENTRA1 Energy finalizing arrangements; NuScale positioning for OEM supply role while pursuing additional utility, hyperscaler, and industrial opportunities.
  • Strong bipartisan support for nuclear noted; demand driven by AI/data centers, industrial needs, and energy security. Not reliant on hyperscalers.

Financial Results (Q3 2026 vs Q3 2025)

Professional feature The full AI summary covers key highlights, financial performance and analyst Q&A.
Operator: Good afternoon, and welcome to NuScale Power's Third Quarter 2026 Earnings Conference Call. Today's call is being recorded. A replay will be available on NuScale's Investor Relations website for 30 days. At this time, I would like to turn the call over to Jennifer Hills, VP of Finance. Please go ahead. Jennifer Hills: Thank you, operator. Joining me today is John Hopkins, President and Chief Executive Officer; and Ramsey Hamady, Chief Financial Officer of NuScale. We will begin by providing an update on our business, followed by a discussion of our financial results. We will then open the phone lines for questions. This afternoon, we posted supplemental slides to our Investor Relations website. As reflected in the safe harbor statement on Slide 2, the information set forth in the presentation and discussed during the course of our remarks and subsequent Q&A session include forward-looking statements, which reflect our current views of existing trends and are subject to a variety of risks and uncertainties. For a detailed discussion of our risk factors that could contribute to differences in our expectations, please refer to our Form 10-K for the year ended December 31, 2025, and to our subsequent SEC filings. I will now turn the call over to John. John Hopkins: Thank you, Jennifer, and good afternoon, everyone. As Slide 3 highlights, in recent quarters, we've discussed NuScale's laser focus on commercial readiness as a technology provider and original equipment manu
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