What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
The evidence available through Cameco’s second-quarter report does not support a simple “sell” or “load up” verdict—and it does not independently verify the claim that the shares fell 24% over three months. Cameco’s 2026 outlook for uranium prices and revenue improved, but quarterly results were lower than a year earlier, largely because of Westinghouse, while production, sourcing and delivery risks remain. Whether the shares are attractive depends in part on the current valuation, which the company disclosures cited here do not establish.
Is Cameco stock really down 24% in three months?
The 24% figure cannot be confirmed from the available evidence: it contains no dated three-month price series, start and end dates, exchange, currency or adjusted-price method. Cameco trades as CCO on the TSX and CCJ on the NYSE, so a meaningful check should specify the listing and currency and compare closing prices on defined dates using a consistent adjusted or unadjusted method. The company’s July 2026 results do not verify a subsequent share-price move or explain its cause.
For the company fundamentals below, the latest evidence available is Cameco’s second-quarter 2026 release and report, for the quarter ended June 30 and released July 31, 2026. Company financial amounts are in Canadian dollars unless stated otherwise. Cameco’s Q2 2026 release and its Q2 report provide the operating and financial detail.
What the latest results say—and what they do not
Cameco’s reported results were mixed. Consolidated earnings and adjusted EBITDA were lower than the year-earlier comparison, which the company attributed primarily to lower Westinghouse equity earnings. The uranium segment also posted lower Q2 earnings measures than in Q2 2025, although Cameco pointed to normal delivery variation and lower planned sales deliveries in 2026, alongside improving realized prices from market-related contracts.
Do these 3 things before closing this tab:
1Clear out junk files and repair common Windows errors2Fix the driver behind crashes, sound loss and screen glitches3Repair Windows errors before they cause bigger problems#1 Best Overall
- Read Before You Buy — No Video Output: These adapters support charging and USB 2.0 data transfer, but cannot transmit video signals. Except for standard USB webcams (which use USB data only), they are not compatible with HDMI/DisplayPort cables, video-capable USB-C hubs, or docking stations with video output.
- Convert USB-A Ports to USB-C: Designed to connect USB-C earphones, cables, flash drives, card readers, and other USB-C accessories to standard USB-A ports. Plug-and-play with no drivers or software required.
- Aluminum Alloy Housing: Built with a sturdy aluminum alloy shell that aids in heat dissipation and protects against daily wear and scratches. Designed to maintain a stable and secure connection.
- Compact & Travel-Friendly: The ultra-compact design allows the adapter to stay plugged into your device without blocking adjacent ports or adding bulk, reducing wear and tear on your original USB ports.
- 12-Month Warranty: Backed by a 12-month manufacturer warranty for peace of mind. Designed to meet strict quality control standards for reliable everyday performance.
| Issuer-reported measure | Q2 2026 | First half of 2026 |
|---|---|---|
| Net earnings | C$25 million | C$156 million |
| Adjusted net earnings | C$77 million | C$281 million |
| Adjusted EBITDA | C$391 million | C$899 million |
Adjusted net earnings and adjusted EBITDA are non-IFRS measures. The figures above are for Q2 and the six months ended June 30, 2026, respectively; they should not be treated as interchangeable with cash flow or as a forecast. Cameco’s release sets out the reported and adjusted measures.
Uranium operations: price, volume and timing all matter
For Q2 2026, Cameco reported uranium earnings before taxes of C$170 million and adjusted EBITDA of C$252 million, compared with C$281 million and C$352 million, respectively, in Q2 2025. It attributed the comparison to normal variation in delivery timing and lower planned 2026 sales deliveries; the company also said average realized prices from market-related contracts were improving. A weaker quarterly comparison therefore does not by itself establish that uranium economics have deteriorated, just as a higher realized-price outlook does not guarantee a particular profit.
Rank #2
- 5-in-1 USB-C Hub: Experience comprehensive connectivity featuring a Power Delivery input, two USB-A 2.0 ports, a USB-A 3.0 port, and an HDMI port. (Note: The USB-C power delivery input port is only for connecting an external wall charger to power your laptop and cannot power peripheral devices.)
- 90W Pass-Through Charging: Achieve optimal charging with 90W pass-through power to your laptop, supported by a total input of 100W, with the hub reserving 10W for operational efficiency. (Note: Wall charger not included.)
- Quick Data Transfers: Accelerate your productivity with rapid data transfers using a high-speed 5Gbps USB 3.0 port and two 480Mbps USB 2.0 ports.
- 4K HDMI Display: Enhance your visual experience with a hub capable of delivering 4K resolution at 30Hz in both mirror and extend modes. Please note that this hub is compatible with MacBook (macOS 12 and newer), Windows 10 and 11, ChromeOS, and laptops equipped with DP Alt Mode and Power Delivery. Note: This device is not compatible with Linux.
- What You Get: Anker USB-C Hub (5-in-1, 4K HDMI), welcome guide, 18-month warranty, and our friendly customer service.
Cameco’s Q2 report recorded 7.1 million pounds of uranium deliveries. It also reported Q2 production attributable to Cameco of 3.9 million pounds, purchases of 2.8 million pounds at an average C$91.40 per pound (US$66.60), and uranium inventory of 8.7 million pounds at an average cost of C$58.05 per pound at June 30, 2026. Those are period-specific company figures; they do not alone determine future margins, since sales timing, contract terms, production and purchases also matter. The Q2 report details the figures.
Westinghouse explains much of the consolidated comparison
Cameco reported a C$10 million net loss attributable to it from Westinghouse in Q2 2026, versus C$126 million in earnings in Q2 2025; the earlier period included a contribution from the Dukovany project. Cameco’s share of Westinghouse adjusted EBITDA was C$163 million in Q2 2026, compared with C$352 million a year earlier. These figures help explain why consolidated comparisons can move differently from uranium-segment performance.
Quick wins for a faster PC:
Clear out junk files and repair common Windows errorsFree Scan →Scan for outdated or missing drivers - takes under a minuteDriver Scan →Repair Windows errors before they cause bigger problemsFix Now →Rank #3
- Sleek 7-in-1 USB-C Hub: Features an HDMI port, two USB-A 3.0 ports, and a USB-C data port, each providing 5Gbps transfer speeds. It also includes a USB-C PD input port for charging up to 100W and dual SD and TF card slots, all in a compact design.
- Flawless 4K@60Hz Video with HDMI: Delivers exceptional clarity and smoothness with its 4K@60Hz HDMI port, making it ideal for high-definition presentations and entertainment. (Note: Only the HDMI port supports video projection; the USB-C port is for data transfer only.)
- Double Up on Efficiency: The two USB-A 3.0 ports and a USB-C port support a fast 5Gbps data rate, significantly boosting your transfer speeds and improving productivity.
- Fast and Reliable 85W Charging: Offers high-capacity, speedy charging for laptops up to 85W, so you spend less time tethered to an outlet and more time being productive.
- What You Get: Anker USB-C Hub (7-in-1), welcome guide, 18-month warranty, and our friendly customer service.
Westinghouse may add value through its operating business and potential reactor work, but future new-build expectations are not assured earnings. Cameco’s 2025 annual-report outlook depended in part on definitive agreements and US government funding or support for reactor deployments, leaving project timing, funding and execution as relevant uncertainties. Cameco’s 2025 annual report describes those dependencies.
What Cameco expects for 2026
In its July 2026 outlook, Cameco raised its projected consolidated revenue and average realized uranium price ranges while holding its uranium production guidance. The outlook is management’s forward-looking estimate, not a result already achieved.
Rank #4
- Dual Converters, Infinite Potential：Includes 2× USB C male to USB A female adapters and 2× USB A male to USB C female adapters. Perfect for a wide range of uses—tablets with Bluetooth keyboards, expand USB ports on macbook, and more. Two different converters for all your daily needs
- Next-Level 10Gbps & 3A Charging: No more slow 480Mbps, this usb to usb c adapter has a transfer speed of up to 10Gbps, allowing you to do more transferring in less time. This usb adapter fits both USB A and USB C charger, supporting up to 3A fast charging
- Upgraded Exquisite Craftsmanship: With an aluminum alloy housing and metal connector, the usbc to usb adapter is extremely durable and sturdy. Rigorously tested to withstand more than 10,000 times of plugging and unplugging, ensuring long-lasting performance
- Broad Compatible: The usb c to usb adapter widely supports all USB C/ USB A devices like laptops, tablets, cellphones, car chargers, and phone chargers. Such as compatible with MacBook Pro/Air 2023/2022, Thunderbolt 4/3 Devices,Apple MagSafe Watch 9/8/7/SE/Ultra, iPad Pro 2022/2021, Samsung Galaxy S23/S20/S10, and iPhone 17/16/15 Pro. Plug and play
- Please Note: To reach 10Gbps speed, keep the cable under 3.3 ft. For USB A Male to USB C adapters, try flipping the USB C connector. USB C Male to USB A adapters support bidirectional 10Gbps transfer within 3.3 ft
| 2026 outlook measure | Cameco’s range or assumption |
|---|---|
| Uranium production attributable to Cameco | 19.5–21.5 million pounds |
| Consolidated revenue | C$3.32–3.57 billion |
| Uranium revenue | C$2.70–2.91 billion |
| Average realized uranium price | C$91–96 per pound |
| Uranium average unit cost of sales | C$63–67.50 per pound |
| Exchange-rate assumption | C$1.35 per US$1 for the remainder of 2026 |
The revenue, realized-price, unit-cost and exchange-rate outlooks are from Cameco’s July 2026 MD&A; production guidance is from its Q2 report. The company said the production range was unchanged despite temporary disruptions at Key Lake and McArthur River and, later, Cigar Lake. It also identified the need to source and deliver required material and achieve production plans as dependencies for its outlook. See the Q2 2026 MD&A and Q2 report.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How the uranium market backdrop affects the case
Cameco said long-term uranium prices strengthened in the first half of 2026 and contracting activity increased as customers focused on security of supply. That is management’s description, not an independent uranium-market price series. The company reported contracts for average annual deliveries exceeding 28 million pounds over the next five years, with commitments above average in 2026–28 and below average in 2029–30. It expected to add further volumes using market-related pricing.
Best Value
- 5-in-1 Connectivity: Equipped with a 4K HDMI port, a 5 Gbps USB-C data port, two 5 Gbps USB-A ports, and a USB C 100W PD-IN port. Note: The USB C 100W PD-IN port supports only charging and does not support data transfer devices such as headphones or speakers.
- Powerful Pass-Through Charging: Supports up to 85W pass-through charging so you can power up your laptop while you use the hub. Note: Pass-through charging requires a charger (not included). Note: To achieve full power for iPad, we recommend using a 45W wall charger.
- Transfer Files in Seconds: Move files to and from your laptop at speeds of up to 5 Gbps via the USB-C and USB-A data ports. Note: The USB C 5Gbps Data port does not support video output.
- HD Display: Connect to the HDMI port to stream or mirror content to an external monitor in resolutions of up to 4K@30Hz. Note: The USB-C ports do not support video output.
- What You Get: Anker 332 USB-C Hub (5-in-1), welcome guide, our worry-free 18-month warranty, and friendly customer service.
Contract coverage can provide visibility, but it does not make spot prices a direct or immediate proxy for Cameco’s realized price or earnings. Contract price mechanisms, delivery schedules, purchase commitments and the timing of production all affect the translation from market conditions to financial results. Cameco’s 2025 annual report discusses uranium price sensitivity and the effects of its contract portfolio and purchase terms.
What to weigh before buying, holding or selling
The company disclosures do not establish a current fair value, target price, analyst consensus or peer valuation. A share-price decline alone cannot show that a stock is cheap: the investor must compare the price with a reasoned view of future earnings or cash flow and the risks to those estimates. The same assumptions and investment horizon should be used when considering whether to add, hold or reduce a position.
Questions for a potential buyer
- Does the price you would pay make sense against a range of earnings or cash-flow outcomes, rather than only Cameco’s most optimistic guidance?
- Can you tolerate the possibility that production disruptions, sourcing costs or delivery timing delay the benefit of higher market-related prices?
- How much of your investment case depends on uranium-market strength versus Westinghouse earnings or reactor projects?
Questions for a current shareholder
- Has your original investment case changed, or is the concern primarily a short-term share-price move whose magnitude and dates you have not yet verified?
- Is the position size still appropriate given commodity-linked volatility, your diversification and when you may need the money?
- Would you make the same hold-or-sell choice using an updated valuation and operating assumptions, rather than anchoring on your purchase price?
Risks to include in either decision
- Production and sourcing: mine, mill, transport, labor or supply disruptions can affect output, deliveries and costs. Management’s production guidance is forward-looking.
- Contract and commodity exposure: contract mix and purchase terms mean uranium-market changes do not flow one-for-one or immediately into results.
- Westinghouse execution: project timing, contracts and funding or support arrangements can affect the contribution from reactor work.
- Foreign exchange and listing currency: financial results are generally reported in Canadian dollars, while investor returns on TSX-listed CCO or NYSE-listed CCJ also depend on the listing currency and exchange rates.
Liquidity is a cushion, not a buy signal
At June 30, 2026, Cameco reported C$1.1 billion in cash, C$1.0 billion in total debt and an undrawn C$1.0 billion revolving credit facility. Those reported balances provide context for liquidity, but they do not settle whether the shares are attractively valued or remove the operating and project risks described above. Cameco’s Q2 release reports the balances.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
Free tools Windows power users keep installed
One-click scans. No signup required.
