OKLO NYSE Russell 1000 Earnings call
Oklo Inc. (OKLO) · Q2 2026 results
Share price: $25.86 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 7 Aug 2026 and 12 May 2026
Net loss widened on the previous quarter. Management sounded restrained, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
Loss widened
Net income vs Q1 2026
Net income -48.5M vs -33.1M
Net income -48.5M vs -24.7M in Q2 2025 and -33.1M last quarter.
2 · How management spoke
Restrained
Less upbeat than 75% of company calls
Answers to analysts: restrained, in line with the script.
Similar to last call.
3 · What stood out
Figure
The balance includes an additional $1.9 billion of capital generated from the execution of ATM programs in 2026.
Valuation
Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
Valuation unavailable: free cash flow and profit were negative in the last full year and on average over the last three, so there is nothing to discount.
Current price
$25.86
close of 2026-11-11
Free cash flow 2023
−$0.0B
Free cash flow 2024
−$0.0B
Free cash flow 2025
−$0.1B
Read between the lines
-
Key theme
A big differentiation between what Oklo did and what was otherwise done in the reactor pilot program was it built…
Source quote
“A big differentiation between what we did and what was otherwise done in the reactor pilot program was we built... We did the full stack. We didn't just put a slab on the ground and put a kind of a loose fabric building up or steel tent building up.”
-
Fading
There are some differences, of course, between the Aurora product line that's focused on the sort of 35-megawatt plus data…
Source quote
“There are some differences, of course, between the Aurora product line that's focused on the sort of 35-megawatt plus data... And we see that being a pretty important piece that naturally fits off of our kind of product road map and evolution because they have a lot of common carryover. It uses the same fuel form and...”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“This flexibility can improve capital efficiency, expand the range of financing structures available to us and support faster, more scalable deployment of the broader platform.”
“2026 continues to be a strong year for the company as we added strength to our balance sheet while deploying capital into flagship projects across our platform.”
“As engineering, procurement, construction, fuel and interconnection activities continue to advance for our first-of-a-kind projects, we are gaining greater visibility into opportunities to bring forward critical work that supports Aurora...”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 1.2M | 0 | 0 | ||
| Operating income | -73.2M | -51.2M | Loss widened | -28.0M | Loss widened |
| Net income | -48.5M | -33.1M | Loss widened | -24.7M | Loss widened |
| EPS | -0.28 | -0.19 | Loss widened | -0.18 | Loss widened |
| P/E | 12-mo loss | 12-mo loss | — | 12-mo loss | — |
Topics
Most discussed now
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Faded since Q1 2026
- Fading Additional information on relevant risk factors can also be found in Oklo's most recent filings with the SEC.
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Latest announcements
Official filings, newest first.
- Material agreement; Agreement terminated · SEC 8-K
- Director or officer change · SEC 8-K
- Shareholder vote results · SEC 8-K
- Material agreement; Agreement terminated · SEC 8-K
- Director or officer change · SEC 8-K
- Material agreement · SEC 8-K
- Other events · SEC 8-K
- Other events · SEC 8-K