NuScale Power (SMR) Q2 FY2026 Earnings Overview: $75K Revenue Collapse Drives a 0.96% Price Rally

NuScale's Q2 FY2026 revenue fell 99.1% to $75K as prior-year RoPower FEED work rolled off, underscoring the lack of recurring commercial revenue. GAAP net loss widened to $47.5M on higher R&D and G&A, while adjusted EPS matched expectations. Shares rose 0.96% as ~$1.9B liquidity reduced near-term funding risk, though reliance on equity issuance keeps dilution and commercialization timing as key constraints.