AtkinsRéalis stock reflects 10 percent revenue growth and nuclear work

AtkinsRéalis stock last traded at CAD 86.18 on the TSX on September 25, 2026, down 19.32 percent from its 52-week high of CAD 106.82. The engineering and nuclear group is entering the next quarter with a CAD 20.2 billion backlog and a new CAD 1.7 billion Pickering contract.

Nuclear work expands the backlog

On September 21, 2026, AtkinsRéalis announced that a joint venture had signed a three-year CAD 1.7 billion contract with Ontario Power Generation for Unit 5 work at the Pickering Nuclear Generating Station. AtkinsRéalis will add its share to the Nuclear backlog in Q3 2026, while later phases for Units 6, 7 and 8 remain subject to regulatory approval.

The contract strengthens the companys nuclear position, but its size must be read against the existing backlog rather than treated as immediate revenue. The CAD 20.2 billion backlog reported for June 30, 2026, included CAD 13.4 billion in Engineering Services Regions and CAD 4.2 billion in Nuclear.

Q2 growth supports the stock case

In its Q2 2026 report dated August 6, 2026, AtkinsRéalis reported CAD 2.985 billion of revenue, up 10.0 percent from Q2 2025. Adjusted diluted EPS rose 19.8 percent to CAD 0.97, while Nuclear revenue increased 18.3 percent to CAD 671.2 million.

Management also raised the 2026 Nuclear revenue outlook from CAD 2.5 billion to CAD 2.7 billion. That revision gives the nuclear division the clearest operating growth signal, while the broader engineering services regions grew revenue 5.0 percent year over year in Q2.

Stock remains below its yearly high

The September 25, 2026 TSX snapshot showed a daily change of -0.17 percent, with a session high of CAD 87.11, a session low of CAD 84.68 and volume of 626,926 shares. The CAD 14.0 billion market capitalization places the CAD 86.18 price 19.32 percent below the CAD 106.82 52-week high and above the CAD 79.16 low.

For investors, the central balance is clear: current operating figures point to double-digit adjusted earnings growth, while the share price remains materially below its yearly peak. The Pickering award adds long-duration nuclear work, but its contribution will develop through the backlog and future project phases.