Cameco Corporation (CCJ) — Research Summary as of August 7, 2026

Recent Catalysts (Last ~1–3 Months)

Q2 2026 Earnings (July 31, 2026)

Cameco reported Q2 2026 earnings before markets opened on July 31 [22][23]. The results showed a significant earnings miss of -50.00% against expectations, though revenue surprised positively at +10.04% above consensus [7]. The earnings decline was driven primarily by lower Westinghouse equity income and planned lower sales volumes, even as realized uranium and fuel services prices continued to strengthen [5]. Despite the earnings miss, CCJ shares jumped 7% on the report as investors focused on the Westinghouse IPO plans, resilient full-year guidance, and the broader nuclear growth narrative [3].