BWX Technologies beats earnings for a sixth straight quarter
As seen on the 24/7 Wall St. homepage on November 2, 2026.
A sixth straight quarter of topping earnings estimates came with revenue missing expectations, and management still reaffirmed 2026 revenue of roughly $3.8 billion. Backlog swelled to $8.56 billion from $7.39 billion a year ago.
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Adjusted non-GAAP EPS of $1.26 for Q3 2026 beat expectations, the sixth consecutive quarter of topping Wall Street's earnings target.
Revenue of $952.97 million missed expectations, though lower interest expense and a lower effective tax rate carried earnings growth anyway.
Total backlog expanded to $8.56 billion from $7.39 billion a year ago, and management reaffirmed 2026 revenue guidance of approximately $3.8 billion while tightening its non-GAAP EPS range to $4.72 to $4.77.
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Commercial Operations revenue climbed 25% on nuclear components, services, and medical, while Government Operations grew 4% despite lower naval propulsion volume.
One risk to keep in mind: quarterly bookings came in at $538.2 million, compared with $2,245.4 million a year ago, a steep decline that bears watching even as the overall backlog remains at a record level.
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Mentioned: BWXT