Q2 26 EPS
$1.07
BEAT +2.69%
Est. $1.04
Q2 26 Revenue
$901.6M
MISS 0.24%
Est. $903.8M
Did BWXT Beat Earnings? Q2 2026 Results
BWX Technologies, Inc. Posted a strong second quarter for 2026, extending its consensus EPS beat streak to five consecutive quarters as non-GAAP earnings of $1.07 per share cleared the $1.01 analyst estimate by 5.94%, while revenue climbed 18.0% year… Read more BWX Technologies, Inc. Posted a strong second quarter for 2026, extending its consensus EPS beat streak to five consecutive quarters as non-GAAP earnings of $1.07 per share cleared the $1.01 analyst estimate by 5.94%, while revenue climbed 18.0% year-over-year to $901.63 million. The standout driver was a resurgent Commercial Operations segment, where revenue surged 72% to $302.51 million, fueled by broad-based demand across commercial nuclear components, field services, and fuel handling, along with a meaningful contribution from the Kinectrics acquisition. Government Operations, the company's larger segment, added $601.29 million, underpinned by steady naval propulsion and special materials activity. With the Precision Components Group acquisition closed on July 1, management carried the momentum forward, raising full-year 2026 guidance on all key metrics, including non-GAAP EPS to a range of $4.70 to $4.80 and revenue to approximately $3.80 billion, reflecting confidence that second-half earnings acceleration, which analysts have been closely watching for, is now within reach.
Key Takeaways
- • Growth in naval propulsion and special materials in Government Operations
- • Broad-based growth in Commercial Operations across nuclear components, field services, fuel handling, and medical
- • Contribution from Kinectrics acquisition
- • Higher technical services equity income
- • Lower interest expense year-over-year
BWXT Forward Guidance & Outlook
BWXT raised its full-year 2026 guidance across all key metrics, reflecting strong first-half performance and the contribution from the Precision Components Group acquisition (closed July 1, 2026). Revenue guidance was raised to approximately $3.8 billion (from >$3.75 billion). Adjusted EBITDA guidance was raised to $662-$672 million (from $650-$665 million). Non-GAAP EPS guidance was raised to $4.70-$4.80 (from $4.60-$4.75). Free cash flow guidance was raised to $345-$360 million (from $315-$330 million).
BWXT YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
BWXT Revenue by Segment
With YoY comparisons, source: SEC Filings
“We had strong second quarter 2026 results that were ahead of our expectations. Once again we saw strong execution across our business, high growth in Commercial Operations, and good free cash flow generation.”
— Rex D. Geveden, Q2 2026 Earnings Press Release
BWXT Earnings Trends
BWXT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BWXT EPS Trend
Earnings per share: estimate vs actual
BWXT Revenue Trend
Quarterly revenue: estimate vs actual
BWXT Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.04 | $1.07 | +2.69% | $901.6M | -0.24% |
| Q1 26 BEAT | $0.93 | $1.12 | +20.99% | $860.2M | +2.57% |
| Q4 25 BEAT FY | $0.88 | $1.08 | +22.17% | $885.8M | +5.78% |
| FY Full Year | — | $4.01 | — | $3.20B | — |
| Q3 25 BEAT | $0.86 | $1.00 | +16.55% | $866.3M | +8.75% |
| Q2 25 BEAT | $0.79 | $1.02 | +28.67% | $764.0M | +7.49% |
| Q1 25 BEAT | $0.76 | $0.91 | +19.03% | $682.3M | +5.62% |