MIR Mirion Technologies (MIR) Q1 FY26 earnings call
Mirion Technologies delivered a strong Q1 FY26, driven by robust order generation and significant backlog expansion, particularly in the Nuclear Power segment. The strategic acquisitions of Paragon and Certrec are proving highly synergistic, positioning the company to capitalize on accelerating demand in the nuclear market. While margins saw some contraction due to M&A integration and mix shifts, management remains confident in its full-year guidance and long-term margin expansion targets, supported by a dynamic order pipeline and green shoots in the Medical segment.
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MIR operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Orders | $288MIf we include M&A growth from Paragon and Certrec, orders increased 42% to $288 million.Source: earnings call transcript | $291MTotal orders, including a $62 million contribution for Paragon and Certrec, grew 40% in the quarter to $291 million.Source: earnings call transcript | +1% |
| Backlog | $1.1BBacklog now totals $1.1 billion, up 19%, excluding M&A or 38%, including M&ASource: earnings call transcript | $1.1B+Second quarter 2026 backlog totals over $1.1 billion.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.