Fix’s (NASDAQ:PESI) Q2 CY2026 Earnings Results: Revenue In Line With Expectations, Stock Rises
Perma-Fix (NASDAQ: PESI) reported Q2 CY2026 revenue of $12.89 million, down 11.7% year on year but in line with Wall Street expectations. GAAP EPS was a loss of $0.32 per share, slightly better than consensus. The company said its Perma-Fix Northwest facility began receiving Hanford-related waste streams, increasing treatment backlog to about $15.7 million, and started receiving DFLAW liquid effluent in early July. PESI shares rose 7.8% to $20.93 after results.
How this was made
The 30-second read
Why it matters
Investors received confirmation that revenue roughly matched expectations, while operational milestones (higher treatment backlog and new waste-stream volumes) may support future growth. However, the earnings quality remains weak due to continued losses and negative operating margin.
Market read
Q2 earnings met revenue expectations but underscored persistent loss-making economics, while operational milestones at PFNW/DFLAW provided the main bullish narrative behind the stock’s immediate rise.
What to watch
Backlog increased to about $15.7M and DFLAW liquid effluent intake began, but the article does not quantify how quickly this converts into revenue and improves margins or free cash flow.
Background
Perma-Fix is an environmental waste treatment and services provider, with PFNW receiving Hanford-related waste streams and DFLAW liquid effluent intake beginning in early July.
Ticker impact
Perma-Fix reported Q2 CY2026 revenue of $12.89M, down 11.7% YoY, with a GAAP loss of $0.32 per share and shares up 7.8%.
Near-term volatility likely persists, with upside limited unless backlog conversion improves margins and free cash flow.
The article provides concrete earnings figures and a same-day stock reaction, plus specific operational milestones (backlog and new waste-stream intake) that may support future revenue but do not yet fix negative operating margin and cash burn.
Market effects
Highlights ongoing margin pressure in environmental waste treatment services, where operational progress may not translate into near-term profitability.
No specific regional market impact beyond Hanford-related waste treatment operations mentioned.
Limited global relevance; story is company-specific to US hazardous waste treatment capacity and backlog.
Counterpoint
The stock’s pop may be premature because the quarter still shows severe profitability deterioration (negative operating margin) and ongoing cash burn.
Key entities
- companyPerma-Fix
Reported Q2 CY2026 results: revenue $12.89M (down 11.7% YoY), GAAP loss $0.32/share, and stock up 7.8% to $20.93.
- facilityPerma-Fix Northwest (PFNW) facility
Began receiving Hanford-related waste streams as forecast, lifting treatment backlog 29% to about $15.7M at June 30, 2026.
- facilityDirect-Feed Low-Activity Waste (DFLAW) facility
Began receiving liquid effluent wastes in early July, with expectations for increasing volumes.
