BWX Technologies, Inc. · BWXT · FY2026 Q1 · Calendar Q2 2026
BWXT raises FY2026 outlook as backlog and commercial nuclear demand grow
BWXT’s earnings analysis supports a constructive growth outlook: a larger backlog, commercial nuclear demand and higher FY2026 guidance provide support, while delivery, capacity and regulatory execution remain important risks.
Earnings scorecard
Reported versus consensusMarket reaction
event-close to next-session closeAsk FN2 about BWXT FY2026 Q1
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Transcript intelligence
What changed
The reported quarter exceeded EPS and revenue estimates, and management raised full-year revenue, EBITDA and EPS guidance. The analysis also describes commercial revenue growth and a materially larger backlog; no prior-quarter analysis was available for a direct quarter-over-quarter comparison.
Guidance delta
Management raised FY2026 guidance to revenue of at least $3.75 billion, EBITDA of $650–$665 million and EPS of $4.60–$4.75.
Key takeaways
- Q1 revenue and EPS exceeded estimates.
- Commercial revenue grew 121% year over year; backlog reached $8.7 billion, up 77% year over year.
- Management raised FY2026 revenue, EBITDA and EPS guidance.
- Expansion plans include the PCG acquisition, a Mount Vernon facility and a planned Wyoming TRISO fuel plant.
Management priorities
- Integrate Precision Components Group and use its capacity for commercial projects.
- Build capacity at Mount Vernon and develop large-scale TRISO fuel production in Wyoming.
- Pursue commercial reactor, defense, medical-isotope and space-nuclear opportunities.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Nov 3, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Overweight | Maintain | Oct 13, 2026 |
| Truist Securities | Hold | Hold | Maintain | Oct 6, 2026 |
| Northland Capital Markets | Outperform | Outperform | Maintain | Sep 30, 2026 |
| Guggenheim | Buy | Buy | Maintain | Sep 30, 2026 |
| BTIG | Buy | Buy | Maintain | Sep 30, 2026 |
| B of A Securities | Buy | Buy | Maintain | Sep 30, 2026 |
| BNP Paribas | Neutral | Neutral | Maintain | Sep 24, 2026 |
| Wells Fargo | Equal Weight | Underweight | Upgrade | Aug 27, 2026 |
| Seaport Global | Buy | Neutral | Upgrade | Jun 18, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | May 15, 2026 |
| Maxim Group | Hold | Buy | Downgrade | Aug 6, 2025 |
| CLSA | Outperform | Outperform | Maintain | May 27, 2025 |
| Barclays | Underweight | Underweight | Maintain | Dec 16, 2024 |
| Alembic Global | Overweight | Neutral | Upgrade | Nov 12, 2024 |
| Baird | Outperform | Neutral | Upgrade | Aug 4, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | May 9, 2023 |
| SunTrust Robinson Humphrey | Buy | Hold | Upgrade | Mar 11, 2020 |
| Bank of America | Neutral | Buy | Downgrade | May 24, 2018 |
| Drexel Hamilton | Buy | Hold | Upgrade | Nov 9, 2016 |
| Sidoti & Co. | Buy | Buy | Maintain | Mar 18, 2016 |
Named analyst price targets
Upside is calculated against the persisted previous close $130.47. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Analyst unavailable | $182 | $135.35 | +39.5% | Oct 6, 2026 |
| Oppenheimer | Analyst unavailable | $210 | $137 | +61.0% | Oct 1, 2026 |
| Northland Securities | Jeff Grampp | $220 | $136.62 | +68.6% | Sep 30, 2026 |
| Guggenheim | Analyst unavailable | $192 | $148.53 | +47.2% | Sep 14, 2026 |
| Jefferies | Laurence Alexander | $181 | $155.67 | +38.7% | Sep 3, 2026 |
| Wells Fargo | David Strauss | $170 | $153.16 | +30.3% | Aug 27, 2026 |
| Truist Financial | Analyst unavailable | $202 | $172.43 | +54.8% | Aug 14, 2026 |
| Seaport Global | Analyst unavailable | $245 | $205.4 | +87.8% | Jun 22, 2026 |
| Deutsche Bank | Scott Deuschle | $255 | $210.94 | +95.4% | May 15, 2026 |
| Deutsche Bank | Analyst unavailable | $205 | $213.52 | +57.1% | May 5, 2026 |
| BNP Paribas | Analyst unavailable | $215 | $204.08 | +64.8% | Jan 15, 2026 |
| Truist Financial | Michael Ciarmoli | $205 | $193.2 | +57.1% | Jan 9, 2026 |
| Seaport Global | Analyst unavailable | $195 | $175.28 | +49.5% | Nov 21, 2025 |
| Truist Financial | Analyst unavailable | $200 | $204.51 | +53.3% | Nov 4, 2025 |
| Northland Securities | Jeff Grampp | $225 | $204.56 | +72.5% | Nov 4, 2025 |
| Truist Financial | Michael Ciarmoli | $173 | $205.56 | +32.6% | Oct 15, 2025 |
| Deutsche Bank | Analyst unavailable | $180 | $191.39 | +38.0% | Oct 8, 2025 |
| Northland Securities | Jeff Grampp | $205 | $166.13 | +57.1% | Sep 10, 2025 |
| Truist Financial | Michael Ciarmoli | $145 | $182 | +11.1% | Aug 5, 2025 |
| Seaport Global | Analyst unavailable | $145 | $100.49 | +11.1% | Apr 1, 2025 |
| Maxim Group | Tate Sullivan | $140 | $114.69 | +7.3% | Jan 10, 2025 |
| Deutsche Bank | Scott Deuschle | $129 | $113.28 | -1.1% | Oct 3, 2024 |
| Deutsche Bank | Scott Deuschle | $107 | $88.95 | -18.0% | Jun 10, 2024 |
| Deutsche Bank | Scott Deuschle | $110 | $98.88 | -15.7% | May 7, 2024 |
| Truist Financial | Michael Ciarmoli | $95 | $101.47 | -27.2% | Mar 25, 2024 |
| Truist Financial | Michael Ciarmoli | $83 | $74 | -36.4% | Aug 14, 2023 |
| Maxim Group | Analyst unavailable | $70 | $60.26 | -46.3% | Nov 29, 2022 |
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Start freeCompany context
Snapshot as of publicationBWX Technologies, Inc. operates globally, specializing in the production and sale of nuclear components across the United States, Canada, and other international regions. The company's multifaceted operations are categorized into three distinct segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group is a pivotal supplier of precision naval and critical nuclear components, including reactors, nuclear fuel, and assemblies, primarily supporting the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program. This segment also fabricates missile launch tubes for U.S. Navy submarines, produces specialized close-tolerance equipment for various nuclear applications, and is involved in converting Cold War-era stockpiles of high-enriched uranium.…
Historical context
All BWXT earningsIndustrials peers this season
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|---|---|---|---|---|
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| RBC RBC Bearings Incorporated | FY2027 Q2 · Calendar Q4 2026 | +5.9% | -6.8% | RBC Bearings: Strong Q2, capacity investment supports second half |
| CNI Canadian National Railway Company | FY2026 Q3 · Calendar Q4 2026 | +3.4% | -0.3% | CN posts strong Q3, maintains EPS outlook and expands Mexico strategy |
| NVT nVent Electric plc | FY2026 Q3 · Calendar Q4 2026 | +8.6% | -8.8% | nVent raises outlook as data-center demand and Maverick broaden growth |
| MTZ MasTec, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.3% | +0.8% | MasTec posts record Q3 as power and data-center demand accelerates |
Latest beats and misses
Who reports nextBeat on EPS
- TSEMFY2026 Q3 · November 2, 2026+7.5% EPS-6.7% move
- CLXFY2027 Q1 · November 2, 2026+44.9% EPS+2.2% move
- AAPLFY2026 Q4 · November 2, 2026+3.0% EPS-1.8% move
- PLTRFY2026 Q3 · November 2, 2026+8.3% EPS-3.1% move
- ETRFY2026 Q3 · November 2, 2026+14.5% EPS-0.2% move
- OFY2026 Q3 · November 2, 2026+5.7% EPS+1.1% move
Missed on EPS
- VRTXFY2026 Q3 · November 2, 2026-1.2% EPS-1.0% move
- PEGFY2026 Q3 · November 2, 2026-3.4% EPS+0.1% move
- RYAAYFY2027 Q2 · November 2, 2026-0.3% EPS+2.9% move
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
Get the BWXT recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-03T09:10:43.707212+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-03T09:10:43.704387+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-03. For educational purposes only; not investment advice.