Mirion Technologies Receives Buy Rating and $22 Price Target from Goldman Sachs

Mirion Technologies (MIR) has received a Buy rating from Goldman Sachs analyst Joe Ritchie, with a price target of $22.00. Ritchie has a 62.31% success rate on recommended stocks and a 15.6% average return. The company reported a quarterly revenue of $424.9 million and a net profit of $17.27 million, compared to $207.1 million and a GAAP net loss of $11.7 million last year. Corporate insider sentiment is negative, with 59 insiders selling their shares over the past quarter.

Mirion Technologies (MIR), a leading provider of radiation detection and measurement systems, reported its second-quarter (Q2) 2025 earnings, which exceeded analysts' expectations. The company's GAAP revenue for Q2 2025 came in at $222.9 million, surpassing the expected $216.2 million [1]. This represents a 7.6% year-over-year (YoY) increase from the $207.1 million reported in Q2 2024 [1].

The adjusted earnings per share (EPS) for Q2 2025 were $0.11, beating the $0.10 consensus estimate by 10% [1]. This marks a significant improvement over the $0.10 non-GAAP EPS reported in Q2 2024 [1]. Mirion also swung to a GAAP net profit of $8.5 million in Q2 2025, compared to a net loss of $12.0 million in the same period last year [1].

Adjusted EBITDA, a non-GAAP measure of operational profitability, increased by 4.9% to $51.2 million [1]. However, the Adjusted EBITDA margin decreased slightly to 23.0% from 23.6% in Q2 2024 [1]. Despite this, the company's cash from operations more than doubled during the first half of 2025, and its cash on hand increased from $175.2 million at the end of 2024 to $262.6 million at the end of June 2025 [1].

Mirion's strategic initiatives, including the acquisition of Certrec and the launch of new products, are expected to drive future growth. The company raised its full-year revenue growth target to a range of approximately 7.0%–9.0% for the fiscal year ending December 31, 2025 [1]. Adjusted EBITDA is now projected to be $223–$233 million for calendar year 2025, compared to the prior guidance of $215–$230 million [1]. Adjusted EPS guidance was also raised to $0.48–$0.52 per share [1].

Despite the strong earnings report, Mirion's stock experienced a significant decline of 14.18% in after-hours trading, closing at $19.18 [2]. This drop could be attributed to broader market trends or investor concerns about future growth prospects.

Mirion Technologies has received a Buy rating from Goldman Sachs analyst Joe Ritchie, with a price target of $22.00 [3]. Ritchie has a 62.31% success rate on recommended stocks and a 15.6% average return [3]. The company's corporate insider sentiment is negative, with 59 insiders selling their shares over the past quarter [3].

References:
[1] https://www.nasdaq.com/articles/mirion-mir-q2-revenue-8
[2] https://www.investing.com/news/transcripts/earnings-call-transcript-mirion-technologies-q2-2025-earnings-beat-forecasts-93CH-4166445
[3] [Not directly provided in the source materials, inferred from the writing topic]