Mirion Technologies, Inc.
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 28, 2026
MIR$17.97+4.9%Stored close · as of Nov 6, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-07-29.
0001628280-26-050604
ITEM 1A. Risk FactorsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-10-28.
0001628280-26-067882
ITEM 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 8 previous paragraphs and 11 current paragraphs.
6 unchanged; 2 reworded; 3 added; 0 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (3)
Current report
Our growth strategy depends in part on plans to supply our products and services to small modular reactors ("SMRs") and other advanced reactors in the United States, an emerging market that may grow more slowly than we expect. Sales to SMRs and advanced reactor developers are currently a small but growing part of our business and our strategy assumes this share will increase over time. We have pursued agreements with a number of companies building SMRs, but they face commercialization obstacles, including reactor design, regulatory licensing, and securing customers willing and able to make large investments in emerging nuclear technologies. Many rely significantly on government support for licensing, fuel production, and first-of-a-kind construction. If political support for nuclear energy declines or funding or tax incentives change, our SMR and advanced reactor partners may be unable to obtain the financing they require, which could cause them to delay, scale back, or cancel projects and reduce demand for our products and services. Many of these companies are also publicly traded with volatile stock prices, and a sustained decline could impair their ability to raise the capital needed to carry out their plans, and some are also new entrants that may fail operationally even if they develop a successful reactor, which could harm the broader market. If these risks materialize, demand for our products and services in this market may develop more slowly than we expect, or not at all. Any of the foregoing could have an adverse effect on our business, results of operations, and financial condition.
Current report
Supply chain issues, including electronic component shortages driven by artificial intelligence and data center demand, could disrupt production, cause delays and increase costs for the commodities or components that we use in our operations which may materially and adversely impact our business, results of operations and financial condition. We rely on third-party suppliers for our manufacturing operations including from sole or limited source suppliers due to quality assurance, cost effectiveness, availability, contractual obligations or unique design or technology. Suppliers’ capacity constraints and decreased availability of key materials could cause increased expenses, production interruptions, delays, extended lead times, and inefficiencies, and adversely impact our business, results of operations and financial condition. In particular, our products incorporate electronic components, for which demand has increased significantly due to global investment in artificial intelligence and the rapid expansion of hyperscale data center infrastructure. As suppliers prioritize capacity for these allocations, we have experienced, and may continue to experience, reduced availability, longer and less predictable lead times, accelerated obsolescence and higher costs for certain components. These constraints could delay our production and deliveries, impair our ability to meet customer demand and contractual commitments, delay revenue recognition, compress margins on our fixed-price and limited price-escalation contracts, and cause our results of operations to fluctuate. Although we seek to mitigate these risks through supplier relationships, dual-sourcing, strategic inventory purchases, and pricing actions, these measures may be insufficient.
Current report
We derive a significant portion of our revenue from international sales and our operations in non-U.S. countries are subject to political, economic, legal, currency and other risks, which could materially and adversely affect us. Revenue generated from outside of North America accounted for approximately 37%, 37%, and 36% of our net sales for the years ended December 31, 2025, December 31, 2024, and December 31, 2023, respectively. International sales are expected to remain a material percentage of our total net sales in future periods. Regional political and economic instability can impact these operations. In particular, we have significant revenue and operations in Europe, including France, where we are exposed to economic weakness in the Eurozone, political and fiscal uncertainty (including government budget and sovereign credit pressures), and social unrest, strikes and other labor actions. These factors could disrupt our operations, increase our costs, limit the financing our customers depend on and reduce demand for our products or compress our margins, and adversely affect our business, results of operations and financial condition.
Reworded paragraphs (2)
Previous wording
In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, “Item 1A. Risk Factors”, in our Annual Report on Form 10-K for the year ended December 31, 2025, as further updated and supplemented below, which could materially affect our business, results of operations, and financial conditions. These risks are not the only risks facing our Company. Additional risks and uncertainties not currently known to us, or that we currently deem to be immaterial, could also materially adversely affect our business, financial condition or future results.
Current wording
In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, “Item 1A. Risk Factors”, in our Annual Report on Form 10-K for the year ended December 31, 2025, as further updated and supplemented below, which could materially affect our business, results of operations, and financial condition. These risks are not the only risks facing our Company. Additional risks and uncertainties not currently known to us, or that we currently deem to be immaterial, could also materially adversely affect our business, financial condition or future results.
Previous wording
There is currently significant uncertainty about future trade relationships between the United States and various other countries, most significantly Russia, Canada, Mexico, and China. Further escalation of specific trade tensions, including those between the U.S. and China, or more broadly in global trade conflicts, could materially and adversely affect the Company’s business and operations. The U.S. government and other governments have imposed export controls and tariffs on certain products and certain components that we import into, and export out of, the United States, and we, our customers, suppliers, and partners may become subject to additional tariffs and export controls and our products and services may be subject to increased competition outside of the United States. China continues to expand localization requirements that could require us to localize manufacturing or source local components, or to otherwise modify our business operations. Compliance with those requirements could increase our costs or delay or prevent sales and reduce demand for our equipment. In addition, geopolitical tensions could result in, among other things, cyberattacks, supply chain disruptions, higher energy and other commodity costs, lower demand, changes to foreign exchange rates and financial markets. Additional tariffs and trade restrictions may result in increased manufacturing costs and product pricing, further supply chain disruptions, limit access to end markets and lower profitability. We also generate a significant amount of our revenue outside of the United States which may be adversely affected by tariffs and trade controls imposed by other countries. Revenue generated from outside of North America accounted for approximately 32.9% of our net sales for the quarter ended June 30, 2026 and approximately 37.1% of our net sales for the year ended December 31, 2025, and international sales are expected to remain a material percentage of our total revenue in future periods. If we are not successful in offsetting the impact of tariffs, export controls, trade barriers, localization requirements and other geopolitical disruptions, our business, results of operations and financial condition may be adversely affected.
Current wording
There is currently significant uncertainty about future trade relationships between the United States and various other countries, most significantly Russia, Canada, Mexico, and China. Further escalation of specific trade tensions, including those between the U.S. and China, or more broadly in global trade conflicts, could materially and adversely affect the Company’s business and operations. The U.S. government and other governments have imposed export controls and tariffs on certain products and certain components that we import into, and export out of, the United States, and we, our customers, suppliers, and partners may become subject to additional tariffs and export controls and our products and services may be subject to increased competition outside of the United States. China continues to expand localization requirements that could require us to localize manufacturing or source local components, or to otherwise modify our business operations. Compliance with those requirements could increase our costs or delay or prevent sales and reduce demand for our equipment. In addition, geopolitical tensions could result in, among other things, cyberattacks, supply chain disruptions, higher energy and other commodity costs, lower demand, changes to foreign exchange rates and financial markets. Additional tariffs and trade restrictions may result in increased manufacturing costs and product pricing, further supply chain disruptions, limit access to end markets and lower profitability. We also generate a significant amount of our revenue outside of the United States which may be adversely affected by tariffs and trade controls imposed by other countries. Revenue generated from outside of North America accounted for approximately 28.4% of our net sales for the quarter ended September 30, 2026 and approximately 37% of our net sales for the year ended December 31, 2025, and international sales are expected to remain a material percentage of our total revenue in future periods. If we are not successful in offsetting the impact of tariffs, export controls, trade barriers, localization requirements and other geopolitical disruptions, our business, results of operations and financial condition may be adversely affected.