Mirion (NYSE:MIR) beats Q3 2026 sales expectations

What happened

Mirion reported Q3 2026 revenue of $277.8 million, up 24.5% from a year earlier and above analysts' consensus of $274.9 million. Adjusted profit was $0.12 per share, in line with estimates, while adjusted EBITDA of $64.8 million missed the $69.04 million consensus.

Confirmed

Global impact / market context

Revenue growth and higher operating and free cash flow margins show Mirion is converting more sales into cash, which gives it more money to fund operations and reduce reliance on outside funding. The EBITDA miss shows costs still weigh on profit despite the sales beat.

Analyst inference

The mixed result pairs a sales beat and strong orders with a profit measure miss. Management raised full-year adjusted profit guidance slightly, signalling confidence in demand, while EBITDA guidance matched consensus, suggesting expectations for costs and profitability are broadly unchanged.

Analyst inference

What to watch

1. Full-year adjusted profit guidance was raised slightly to $0.52 per share at the midpoint, and full-year EBITDA guidance is $288.5 million at the midpoint, in line with analysts' consensus estimates. Confirmed
2. Watch whether orders, which rose 62% excluding acquisitions, keep converting into revenue in coming quarters, since slower conversion would weaken the sales growth that supported this quarter's beat. Proposed
3. Watch costs and operating margin, which rose to 6.2% from 3.8%. If margin gains continue, profit could catch up to sales; if costs rise, the EBITDA miss could repeat. Analyst inference

Evidence

• stockstory.org