BWX Technologies (BWXT) Q2 2026 Earnings
How Did BWXT Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +0.24%.
Did BWXT Beat Earnings? Q2 2026 Results
Yes. BWX Technologies reported Q2 2026 earnings of $1.07 a share on Aug 3, 2026, beating the $1.04 consensus estimate by 2.7%. Revenue was $901.6M against a $903.8M estimate.
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.
- 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
“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.”
BWX Technologies CEO, on the earnings call
What Is BWX Technologies's 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
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $901.6M | $764.0M | +18.0% |
| Operating Income | $114.1M | $102.4M | +11.4% |
| Net Income | $89.1M | $78.4M | +13.7% |
BWXT Revenue by Segment
When Does BWX Technologies Report Next?
Figures from SEC filings and company reports. Not investment advice.