BWXT Q3 2026 Non-GAAP EPS $1.26, Beat Guidance by N/A - no Q3-only guidance provided
BWXT beat prior Q3 2026 Non-GAAP EPS guidance by N/A - no Q3-only guidance provided. Non-GAAP EPS was raised by +$0.02 to $4.72 - $4.77 (midpoint $4.745). The company raised its FY 2026 non-GAAP EPS guidance to $4.72-$4.77 (midpoint $4.745, up $0.02 from prior midpoint $4.75) and free cash flow guidance to $350-$360 million (midpoint $355 million, up $2.5 million from prior midpoint $352.5 million), while maintaining revenue guidance of ~$3,800 million and adjusted EBITDA guidance at the prior midpoint of ~$667...
Guidance comparison
Guidance updates
Forward guidance
Key takeaways
Revenue: Q3 2026 revenue of $953.0 million increased 10% YoY, with Government Operations up 4% to $639.1 million and Commercial Operations up 25% to $314.2 million.
Profitability: Q3 2026 adjusted EBITDA of $179.7 million rose 19% YoY with margin expansion; non-GAAP EPS of $1.26 increased 26% YoY.
Cash generation: Q3 2026 free cash flow of $150.5 million surged 59% YoY, driven by higher net income, increased advanced billings, and working capital management.
Backlog: Total backlog of $8.56 billion at September 30, 2026, up 16% from $7.39 billion a year ago, providing revenue visibility.
Guidance raise: FY 2026 non-GAAP EPS guidance tightened to $4.72-$4.77 (prior $4.70-$4.80) and free cash flow tightened to $350-$360 million (prior $345-$360 million); revenue and adjusted EBITDA maintained.
2027 outlook: Preliminary outlook calls for high-single-digit revenue growth, and high-single-digit to low-double-digit adjusted EBITDA and non-GAAP EPS growth, with adjusted EBITDA growth ahead of the 2026 Investor Day framework.
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