BWX Technologies Q3 revenue rises less than expected; sees high-single-digit growth in 2027
BWXT•BWX Technologies’ third-quarter revenue rose 10% year over year to $953 million, below the $970.4 million analyst estimate, while adjusted EBITDA beat expectations at $179.7 million. The company maintained its 2026 revenue outlook at about $3.8 billion and introduced preliminary 2027 revenue and EPS growth expectations in the high single digits.
1. Quarterly results
Third-quarter revenue increased 10% year over year to $953 million, missing the $970.4 million analyst estimate. Adjusted EBITDA was $179.7 million, above the $167.53 million estimate, and non-GAAP EPS grew 26% year over year to $1.11. Net income was $102 million and free cash flow was $150.5 million.
2. Guidance and drivers
BWX Technologies narrowed its 2026 non-GAAP EPS guidance to $4.72-$4.77 from $4.70-$4.80 and maintained its revenue outlook at about $3.8 billion. It introduced a preliminary 2027 outlook for high-single-digit revenue and EPS growth. Government segment growth reflected higher sales in special materials and advanced nuclear, partly offset by lower naval propulsion volume; commercial revenue rose on increased nuclear components, services and medical sales, partly offset by lower fuel handling revenue.
