BWXT · Q3 2026

BWX Technologies

Monday, November 2 · 5:00 PM EST

Results available

Fiscal period ended 2026-09-30.

Full analysis below.

Earnings analysis

BWX Technologies · Q3 2026 · Earnings analysis

BWXT's Government business drives profit growth

Commercial Operations leads revenue growth, but its margins lag last year. Guidance implies fourth-quarter revenue and adjusted EBITDA above a year earlier, with lower free cash flow.

November 3, 2026 · Quarter coverage and company materials ↗

Coming into the quarter

Second quarter 2026. Period ended 2026-06-30. Company-wide figures unless noted.

Revenue: $902 million
Backlog: $8.40 billion

First takes

BWXT’s Government Operations margin rises to 19.2%

BWXT attributed Government Operations’ third-quarter revenue growth to special materials and advanced nuclear, partly offset by lower naval propulsion volume. Segment bookings fell from a year earlier.

No official call questions and answers available here for this quarter.

Follow the reporting

EarningsBWXT's Government business drives profit growthCommercial Operations leads revenue growth, but its margins lag last year. Guidance implies fourth-quarter revenue and adjusted EBITDA above a year earlier, with lower free cash flow.Nov 3, 2026