Mirion Technologies, Inc. (MIR)

NYSEInformation TechnologyIndustrial - MachinerySnapshot 2026-10-23

$14.81-0.74%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Mirion Technologies, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

0.0%

+10% or more+5%0%−5%−10% or less

0.67 → 0.67 EPS · FY ending Dec 31, 2027 · 5 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 5 to 5; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
FY 2026 · Q4
Revenue	—	340.18M
EPS	—	0.209
FY 2026 · Annual
Revenue	—	1.14B
EPS	$0.48–$0.55non-GAAP	0.545
EBITDA	$285M–$300Mnon-GAAP	—
Free cash flow	$155M–$175Mnon-GAAP	—
Organic revenue growth	5%–7%	—
Revenue growth	22%–24%	—
FY 2027 · Annual
Revenue	—	1.22B
EPS	—	0.668

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Free cash flow of $155M to $175M in 2026	Free cash flow should reach about $165 million in 2026.	Intact	Free cash flow falls below $155 million in FY26	Free cash flow: $48.1M FY2026-Q2; GAAP. Published target: >= $155 million. Target period is not explicitly aligned with this observation. Source published Jul 29, 202648,100,000 USD · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Operating income improvement toward prior levels	A primary condition in Mirion Technologies, Inc.'s published investment case. The stated target is Operating income improves from $3.7M in Q1 2026.	Improving	Operating income declines further or stays below $3.7M	Operating income: $17.9M FY2026-Q2; GAAP. Published target: Operating income improves from $3.7M in Q1 2026. Target period is not explicitly aligned with this observation. Source published Jul 29, 202617,900,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 1b2ba3d8-0657-42df-9630-01b7eab60bf0. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Revenue growth of at least 16% in 2026	A primary condition in Mirion Technologies, Inc.'s published investment case. The stated target is >=16% YoY.	Intact	YoY revenue growth falls below 16% in FY26	Revenue growth: 19.69% FY2026-Q2; GAAP. Published target: >=16% YoY. Target period is not explicitly aligned with this observation. Source published Jul 29, 202619.69493 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 1b2ba3d8-0657-42df-9630-01b7eab60bf0. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$0.67

$0.65 → $0.67 · observed estimates

FY2027 revenue$1.22B

$1.23B → $1.22B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$0.65	$1,225,353,030	7 / 8
2026-07-25	$0.65	$1,225,353,030	7 / 8
2026-07-26	$0.65	$1,225,353,030	7 / 8
2026-07-27	$0.65	$1,225,353,030	7 / 8
2026-07-28	$0.65	$1,225,353,030	7 / 8
2026-07-29	$0.65	$1,225,353,030	7 / 8
2026-07-30	$0.65	$1,225,353,030	7 / 8
2026-07-31	$0.66	$1,223,694,780	7 / 8
2026-08-01	Unavailable	$1,222,648,889	4 / 6
2026-08-02	$0.66	$1,223,694,780	7 / 8
2026-08-03	$0.66	$1,223,694,780	7 / 8
2026-08-04	$0.66	$1,223,694,780	7 / 8
2026-08-05	$0.66	$1,223,694,780	7 / 8
2026-08-06	$0.66	$1,223,694,780	7 / 8
2026-08-07	Unavailable	$1,222,648,889	4 / 6
2026-08-08	Unavailable	$1,222,648,889	4 / 6
2026-08-09	$0.66	$1,223,694,780	7 / 8
2026-08-10	$0.66	$1,223,694,780	7 / 8
2026-08-12	Unavailable	$1,222,648,889	4 / 6
2026-08-13	Unavailable	$1,222,648,889	4 / 6
2026-08-14	Unavailable	$1,222,648,889	4 / 6
2026-08-15	Unavailable	$1,222,648,889	4 / 6
2026-08-16	Unavailable	$1,222,648,889	4 / 6
2026-08-17	Unavailable	$1,222,648,889	4 / 6
2026-08-18	Unavailable	$1,222,648,889	4 / 6
2026-08-19	Unavailable	$1,222,648,889	4 / 6
2026-08-20	Unavailable	$1,223,957,172	4 / 6
2026-08-21	Unavailable	$1,223,957,172	4 / 6
2026-08-22	Unavailable	$1,223,957,172	4 / 6
2026-08-23	Unavailable	$1,226,818,299	4 / 6
2026-08-24	Unavailable	$1,226,818,299	4 / 6
2026-08-25	Unavailable	$1,226,818,299	4 / 6
2026-08-26	Unavailable	$1,226,818,299	4 / 6
2026-08-27	Unavailable	$1,226,818,299	4 / 6
2026-08-28	Unavailable	$1,226,818,299	4 / 6
2026-08-29	Unavailable	$1,226,818,299	4 / 6
2026-08-30	Unavailable	$1,226,818,299	4 / 6
2026-08-31	Unavailable	$1,226,818,299	4 / 6
2026-09-01	Unavailable	$1,226,818,299	4 / 6
2026-09-02	Unavailable	$1,226,818,299	4 / 6
2026-09-03	Unavailable	$1,226,818,299	4 / 6
2026-09-04	Unavailable	$1,222,838,488	4 / 6
2026-09-05	$0.66	$1,222,838,488	5 / 7
2026-09-06	$0.66	$1,222,838,488	5 / 7
2026-09-07	$0.66	$1,222,838,488	5 / 7
2026-09-08	$0.66	$1,222,838,488	5 / 7
2026-09-09	$0.66	$1,222,838,488	5 / 7
2026-09-10	$0.66	$1,222,838,488	5 / 7
2026-09-11	$0.66	$1,222,838,488	5 / 7
2026-09-12	$0.66	$1,222,838,488	5 / 7
2026-09-13	$0.66	$1,222,838,488	5 / 7
2026-09-14	$0.66	$1,222,838,488	5 / 7
2026-09-15	$0.66	$1,222,838,488	5 / 7
2026-09-16	$0.66	$1,222,838,488	5 / 7
2026-09-17	$0.67	$1,222,295,264	5 / 7
2026-09-18	$0.67	$1,222,295,264	5 / 7
2026-09-19	$0.67	$1,222,295,264	5 / 7
2026-09-20	$0.67	$1,222,299,553	5 / 7
2026-09-21	$0.67	$1,222,299,553	5 / 7
2026-09-22	$0.67	$1,222,299,553	5 / 7
2026-09-23	$0.67	$1,222,299,553	5 / 7
2026-09-24	$0.67	$1,222,299,553	5 / 7
2026-09-25	$0.67	$1,222,299,553	5 / 7
2026-09-26	$0.67	$1,222,299,553	5 / 7
2026-09-27	$0.67	$1,222,299,553	5 / 7
2026-09-28	$0.67	$1,222,299,553	5 / 7
2026-09-29	$0.67	$1,222,299,553	5 / 7
2026-09-30	$0.67	$1,222,299,553	5 / 7
2026-10-01	$0.67	$1,222,299,553	5 / 7
2026-10-02	$0.67	$1,222,299,553	5 / 7
2026-10-03	$0.67	$1,222,299,553	5 / 7
2026-10-04	$0.67	$1,222,299,553	5 / 7
2026-10-05	$0.67	$1,222,299,553	5 / 7
2026-10-06	$0.67	$1,222,299,553	5 / 7
2026-10-07	$0.67	$1,222,299,553	5 / 7
2026-10-08	$0.67	$1,222,299,553	5 / 7
2026-10-09	$0.67	$1,222,299,553	5 / 7
2026-10-10	$0.67	$1,222,299,553	5 / 7
2026-10-11	$0.67	$1,222,299,553	5 / 7
2026-10-12	$0.67	$1,222,299,553	5 / 7
2026-10-13	$0.67	$1,222,299,553	5 / 7
2026-10-14	$0.67	$1,222,299,553	5 / 7
2026-10-15	$0.67	$1,222,299,553	5 / 7
2026-10-16	$0.67	$1,222,299,553	5 / 7
2026-10-17	$0.67	$1,222,299,553	5 / 7
2026-10-18	$0.67	$1,222,299,553	5 / 7
2026-10-19	$0.67	$1,222,299,553	5 / 7
2026-10-20	$0.67	$1,222,299,553	5 / 7
2026-10-21	$0.67	$1,222,299,553	5 / 7
2026-10-22	$0.67	$1,222,299,553	5 / 7
2026-10-23	$0.67	$1,222,299,553	5 / 7
2026-10-24	$0.67	$1,222,299,553	5 / 7

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	9	1
2026-06-01	9	1
2026-07-01	9	1
2026-08-01	9	1
2026-09-01	10	1
2026-10-01	10	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 10 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Goldman SachsSep 30 · prior Jul 29

$23.00 → $20.00-13.0%

$0$12.65$25.30

0 raises · 1 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Free cash flow of $155M to $175M in 2026Free cash flow: $48.1M
Operating income improvement toward prior levelsOperating income: $17.9M
Revenue growth of at least 16% in 2026Revenue growth: 19.69%

Next proof point

Oct 27, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.9%Typical daily move · historical

Downside history

-52.5%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Mirion Technologies, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

MIR is a growth-oriented business with strong recent financial performance, but it is not yet profitable on the earnings-quality measure in this snapshot. Its long-term thesis is intact, though elevated risk and only medium confidence make delivery important.

What's priced into Mirion Technologies, Inc.

The valuation is expensive versus peers, with a 1.07 peer premium, and the expectations gap is negative, suggesting expectations are ahead of what the model supports. The evidence labels pricing as justified and fragility as low, but that does not remove the risk of disappointment.

What the fundamentals likely do

Near term, revenue and adjusted EBITDA are growing strongly, and management has reaffirmed its 2026 goals for both. Free cash flow progress is mixed, and the company remains loss-making; a guidance cut would be a meaningful setback. A July earnings beat and August buyback announcement are positive developments, while the CEO transition adds a management change to monitor.

What Mirion Technologies, Inc. hinges on

Over the next few quarters, the thesis depends on management maintaining its revenue and adjusted EBITDA trajectory and improving delivery against the free cash flow goal. A guidance cut would weaken the case, while lower interest rates or continued strength from sector bellwethers could support the sector backdrop.