Earnings summaries and quarterly performance for Mirion Technologies.
Executive leadership at Mirion Technologies.
Board of directors at Mirion Technologies.
Research analysts who have asked questions during Mirion Technologies earnings calls.
YZ
Yuan Zhi
B. Riley Financial, Inc.
8 questions for MIR
Also covers: HYPR, LNTH, OCX +4 more
Andrew Kaplowitz
Citigroup
6 questions for MIR
Also covers: ACM, AOS, APG +29 more
Joseph Ritchie
Goldman Sachs
5 questions for MIR
Also covers: ALLE, CARR, CGNX +22 more
CM
Chris Moore
CJS Securities
4 questions for MIR
Also covers: AAON, AGX, ALG +11 more
RM
Robert Mason
Robert W. Baird & Co.
4 questions for MIR
Also covers: AEIS, AME, ATMU +12 more
Joe Ritchie
Goldman Sachs
3 questions for MIR
Also covers: ALLE, ATS, CARR +20 more
JG
Jeff Grampp
Northland Securities, Inc.
2 questions for MIR
Also covers: BWXT, FTK, HNRG +8 more
JG
Jeffrey Grampp
Alliance Global Partners
2 questions for MIR
Also covers: AMPX, AMPY, DTI +9 more
RM
Rob Mason
Baird
2 questions for MIR
Also covers: AEIS, DCI, KEYS +5 more
TC
Thomas Cassino
JPMorgan Chase & Co.
2 questions for MIR
VB
Vladimir Bystricky
Citigroup
2 questions for MIR
Also covers: IEX, ITT, ITW +1 more
SS
Shivan Seratva
Robert W. Baird & Co.
1 question for MIR
TO
Tomo Osano
JPMorgan Chase & Co.
1 question for MIR
TS
Tomo Sano
J.P. Morgan
1 question for MIR
Also covers: EXPO, GTES, ROL +1 more
W
Willan
CJS Securities
1 question for MIR
Recent press releases and 8-K filings for MIR.
Mirion Technologies Discusses Strong Nuclear Growth, Margin Expansion, and AI Initiatives at Citi Conference
MIR
Guidance Update
New Projects/Investments
M&A
- Mirion Technologies (MIR) reported strong performance in its nuclear power segment, which accounts for 47% of revenue, with 11% organic growth last year and a presence in over 95% of the global operating base.
- The company anticipates accelerating organic growth in both segments for 2026, including a rebound to mid-single-digit organic growth in its radiation therapy business.
- Mirion is committed to achieving 30% EBITDA margins by 2028 and has significantly improved free cash flow conversion to 57% of EBITDA in 2025, up from 32% in 2024, with a target of 60% and beyond.
- Strategic acquisitions, such as Paragon Energy Solutions, which grew organically at 20% last year and is projected to grow at 25% this year, are expected to become margin accretive.
- The company is actively leveraging AI, having launched 17 internal AI applications last year and acquiring Certrec to enhance regulatory compliance with AI-enabled data.
Feb 18, 2026, 7:40 PM
Mirion Technologies Anticipates Accelerated Organic Growth and Nuclear Sector Expansion in 2026
MIR
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Mirion Technologies anticipates accelerating organic growth in 2026 across both segments, following a strong 2025 with record orders and backlog.
- The company is highly focused on the nuclear power segment, which comprises 47% of revenue and grew 11% organically in 2025. The acquired Paragon Energy Solutions, supporting the nuclear installed base, is expected to grow 25% organically in 2026.
- Mirion ended 2025 with a record backlog and a $400 million large order pipeline for 2026, including a $10 million+ Small Modular Reactor (SMR) order secured in January 2026.
- The company is committed to achieving 30% EBITDA margins by 2028 and significantly improved free cash flow conversion to 57% of EBITDA in 2025 from 32% in 2024, targeting 60% and beyond.
- Mirion is actively integrating AI for internal productivity and customer-facing solutions, such as AI-enabling 15 TB of historical data from the acquired Certrec for nuclear industry compliance. The company expects "small ball" M&A in 2026 to continue deleveraging while nudging up nuclear exposure.
Feb 18, 2026, 7:40 PM
Mirion Technologies Discusses 2026 Outlook, Nuclear Growth, and AI Initiatives
MIR
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Mirion Technologies anticipates accelerating organic growth in both segments for 2026, building on 11% organic growth in its nuclear business in 2025. The nuclear power segment, representing 47% of revenue, is a key growth driver.
- The company is targeting 30% EBITDA margins by 2028, supported by operational efficiencies and AI integration. Free cash flow conversion significantly improved to 57% of EBITDA in 2025 from 32% in 2024, with a long-term goal of 60%.
- Mirion is actively implementing AI, launching 17 internal applications in 2025 and leveraging the acquisition of Certrec for customer-facing solutions in the nuclear industry. Software currently accounts for 5% to 7% of revenue.
- Despite facing crosscurrents in its laboratory (DOE-related) and radiation therapy businesses, the company maintains confidence in its 2026 guidance. Current leverage stands at 3.2x EBITDA, with a strategy to pursue smaller, digestible M&A deals to facilitate deleveraging.
Feb 18, 2026, 7:40 PM
Mirion Technologies Reports Strong Q4 and Full-Year 2025 Results, Provides Optimistic 2026 Guidance
MIR
Earnings
Guidance Update
M&A
- Mirion Technologies (MIR) reported record orders of nearly $1.1 billion in 2025, a 26% increase over 2024, leading to a 36% increase in backlog. Full year revenue reached $925.4 million, up 7.5%, and Adjusted EBITDA grew 12% to $227.9 million.
- The company's Adjusted Free Cash Flow doubled to $131 million in 2025, representing a 57% conversion of Adjusted EBITDA. Adjusted EPS for the year was $0.46.
- Strategic acquisitions of Sertrek and Paragon Energy Solutions increased nuclear power exposure to approximately 40% of total revenue. Nuclear power organic revenue grew over 11% in 2025 and is projected for double-digit growth in 2026.
- For 2026, Mirion Technologies expects total revenue growth of 22%-24% (organic growth of 5%-7%), Adjusted EBITDA of $285 million-$300 million with approximately 90 basis points of margin expansion, Adjusted Free Cash Flow of $155 million-$175 million, and Adjusted EPS of $0.50-$0.57.
- Mirion is targeting over $400 million in large opportunity projects for 2026 and has contractual commitments with more than 20 Small Modular Reactor (SMR) developers.
Feb 11, 2026, 4:00 PM
Mirion Technologies Reports Strong Q4 and Full-Year 2025 Results, Provides Optimistic 2026 Guidance
MIR
Earnings
Guidance Update
M&A
- Mirion Technologies booked record orders in 2025, totaling more than $1 billion, representing a 26% increase versus 2024. Full year 2025 revenue grew 7.5% to $925.4 million, Adjusted EBITDA increased 12% to $227.9 million, and adjusted EPS rose 12% to $0.46.
- The company completed the acquisitions of Sertrek in July and Paragon Energy Solutions in December 2025, which increased nuclear power revenue to approximately 40% of the total.
- For 2026, Mirion expects total revenue growth between 22%-24% (organic growth of 5%-7%), Adjusted EBITDA between $285 million-$300 million (with margins of 25%-26%), and adjusted free cash flow ranging from $155 million-$175 million.
- The 2026 adjusted earnings per share is projected to be between $0.50-$0.57, including stock-based compensation. The company also has a large opportunity pipeline of more than $400 million for 2026.
Feb 11, 2026, 4:00 PM
Mirion Technologies Reports Q4 and Full Year 2025 Results with Record Orders and Strong 2026 Guidance
MIR
Earnings
Guidance Update
M&A
- Mirion Technologies reported FY 2025 total revenue of $925.4 million (+7.5% year-over-year) and Q4 2025 total revenue of $277.4 million (+9.1% year-over-year).
- The company achieved record orders exceeding $1 billion in 2025, with a Q4 2025 order book of $441 million and a backlog of $971 million at year-end.
- Adjusted EBITDA reached $227.9 million (24.6% margin) for FY 2025 and $77.6 million (28.0% margin) for Q4 2025, with Adjusted EPS of $0.46 and $0.15 for the respective periods.
- Mirion provided 2026 guidance projecting total revenue between $1,129 million and $1,147 million and adjusted EBITDA between $285 million and $300 million.
- Performance was significantly driven by the Nuclear Power segment, which saw +11% organic revenue growth in FY 2025 and +12.4% in Q4 2025, further bolstered by acquisitions that increased its pro-forma revenue exposure to approximately 47%.
Feb 11, 2026, 4:00 PM
Mirion Technologies Reports Mixed Q4 2025 Results and Issues Strong 2026 Guidance
MIR
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Mirion Technologies reported Q4 2025 revenue of $277.4 million, an increase of 9.1% year-over-year but slightly below analyst expectations, and adjusted EPS of $0.15, missing the $0.16 consensus, which resulted in a 4.3–4.4% share price decline after-hours.
- For the full fiscal year 2025, the company recorded $925.4 million in revenue and returned to profitability with a net income of $28.8 million.
- Management provided aggressive 2026 guidance, forecasting 22–24% total revenue growth (5–7% organic), adjusted EBITDA of $285–$300 million, and adjusted EPS in a $0.50–$0.57 range.
- The midpoint of the 2026 adjusted EPS guidance ($0.53) was approximately 12.3% below sell-side expectations, with anticipated growth driven by nuclear power end markets and strategic acquisitions.
Feb 10, 2026, 10:26 PM
Mirion Announces Fourth Quarter and Full Year 2025 Financial Results and Provides 2026 Guidance
MIR
Earnings
Guidance Update
- Mirion reported Q4 2025 revenues of $277.4 million, an increase of 9.1% compared to Q4 2024, with GAAP net income of $17.8 million and Adjusted EBITDA of $77.6 million.
- For the full year ended December 31, 2025, total revenues were $925.4 million, and Adjusted EBITDA reached $227.9 million.
- The company provided full year 2026 guidance, projecting total revenue growth between 22.0% and 24.0% and Adjusted EBITDA between $285 million and $300 million.
- Mirion expects 2026 Adjusted Earnings per Share to be between $0.50 and $0.57 and Adjusted Free Cash Flow between $155 million and $175 million.
Feb 10, 2026, 9:17 PM
Mirion Announces Q4 and Full Year 2025 Results, Provides 2026 Guidance
MIR
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Mirion reported Q4 2025 revenues of $277.4 million, an increase of 9.1% compared to the same period in 2024, with GAAP net income of $17.8 million and Adjusted EBITDA of $77.6 million.
- For the full year ended December 31, 2025, total revenues were $925.4 million, and the company achieved GAAP net income of $29.8 million and Adjusted EBITDA of $227.9 million.
- The company provided full year 2026 guidance, projecting total revenue growth of 22.0% to 24.0% and organic revenue growth of 5.0% to 7.0%.
- Mirion expects Adjusted EBITDA between $285 million and $300 million and Adjusted Earnings per Share between $0.50 and $0.57 for fiscal year 2026.
Feb 10, 2026, 9:15 PM
Mirion Technologies Refinances Term Loans
MIR
Debt Issuance
- Mirion Technologies, Inc. (as Parent Borrower) is refinancing its existing Term Loans with $450,000,000 in 2025-1 Refinancing Term Loans.
- The refinancing, effective December 8, 2025, involves existing lenders converting their loans through a cashless rollover and additional lenders providing new refinancing term loans.
- The proceeds from the 2025-1 Refinancing Term Loans will be applied to prepay existing Term Loans not subject to the cashless rollover and to pay related transaction expenses.
Dec 8, 2025, 9:13 PM
Quarterly earnings call transcripts for Mirion Technologies.
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