BWX Technologies, Inc.: Mixed — EPS $1.26, Revenue $952.97M
Mixed ResultQ3 2026 · After-market
Did BWX Technologies, Inc. (BWXT) beat earnings today?
It was a mixed report for Q3 2026 — BWX Technologies, Inc. (BWXT) beat on EPS but missed on revenue.
Earnings Per Share+5.88% surprise
$1.26Actual
Expected: $1.19
vs. year ago +26.0%
Total Revenue-2.00% surprise
$952.97MActual
Expected: $972.42M
vs. year ago +10.0%
Released Nov 02 · 4:06 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $952.97M | $866.29M | +10.0 |
| Revenue detail — reported lines | |||
| └─Government Operations | $639.08M | $616.70M | +3.6 |
| └─Commercial Operations | $314.20M | $250.97M | +25.2 |
| GAAP Basic EPS | $1.11 | $0.90 | +23.3 |
| GAAP Diluted EPS | $1.11 | $0.89 | +25.0 |
| Non-GAAP EPS | $1.26 | $1.00 | +26.0 |
| Net Income | $101.98M | $82.19M | +24.1 |
Financial Outlook / Guidance
| Metric | FY26 Outlook | Expected | FY27 Outlook | Expected |
|---|---|---|---|---|
| Revenue | ~$3,800M (prev. ~$3,800M) | $3.82BMissed -0.52% | high-single-digit growth | $4.18B |
| Adjusted EBITDA | $667M (prev. $662M-$672M) | — | high-single-digit to low-double-digit growth | — |
| Non-GAAP Earnings Per Share | $4.72-$4.77 (prev. $4.70-$4.80) | $4.74Beat +0.11% | high-single-digit to low-double-digit growth | $5.23 |
| Free Cash Flow | $350M-$360M (prev. $345M-$360M) | — | — | — |
Business Highlights
- ➤BANR technology was selected for the U.S. Army's Janus Program at Fort Campbell.
- ➤BANR technology was selected for Prodigy Clean Energy's transportable nuclear power plant project in Canada.
- ➤Government Operations growth was driven by special materials and advanced nuclear activity.
- ➤Commercial Operations growth reflected commercial nuclear components, services and medical activity.
- ➤Commercial Operations invested in SG&A to support growth.
- ➤Paid a quarterly dividend of $0.27 per common share.
- ➤Board declared a $0.27 per-share cash dividend payable December 10, 2026.
- ➤Operates 19 manufacturing facilities globally and maintains 14 strategic partnerships.
- ➤Employs more than 11,000 people supporting nuclear security and commercial-power markets.
Management Commentary
Rex D. Geveden, president and chief executive officer
“We had strong third quarter 2026 earnings performance, highlighting our intense focus on operational excellence and cash generation. We are in the early-stages of a multi-decadal investment cycle as our customers seek to address economic security, national security, and energy security challenges with nuclear solutions. BWXT is well positioned to benefit from these trends, with deep technical capabilities across the nuclear value chain, unmatched infrastructure, and over 11,000 employees dedicated to serving our customers in nuclear national security and commercial power markets.”
Rex D. Geveden, president and chief executive officer
“As we look to the remainder of 2026 and into 2027, we expect continued demand momentum for nuclear solutions and increased conversion of our robust bid pipeline into firm awards. Our preliminary outlook for 2027 points to another year of solid earnings and cash flow growth, which combined with robust demand, a strong balance sheet, and a disciplined capital allocation strategy, positions us well to continue compounding growth and shareholder value in 2027 and beyond.”