Filing Flows › Babcock & Wilcox Enterprises (BW) › Q2 2026
Babcock & Wilcox Enterprises (BW) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Babcock & Wilcox Enterprises (BW) reported revenue of $320M for the second quarter 2026 (Q2 2026), +130% from a year earlier and +49% from the quarter before. Operating margin was 3.7%, net earnings $14.3M (4.5% of revenue).
Babcock & Wilcox Enterprises, Q2 2026: revenue $320M (+130% year over year), operating margin 3.7%, net earnings $14.3M, operating cash flow −$17.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $320M | +49% | +130% |
| Operating profit | $11.8M | — | +68% |
| Net earnings | $14.3M | — | — |
| Operating cash flow | −$17.4M | -198% | — |
What changed
Revenue was $319.7M in Q2 2026, up 130% year over year and up 49% from the previous quarter.
Operating profit was $11.8M, a 3.7% margin (down 1.4 points year over year). Of the extra revenue versus Q2 2025, 3% reached operating profit, below the 5% margin then. Total costs grew 134% against revenue growth of 130%. The fastest-growing cost line was Cost of revenue (+180%). Net earnings were $14.3M. The effective tax rate was -8.2%.
Operating cash flow was −$17.4M. Non-cash charges added back $2.5M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $35.8M. Capital expenditures of $6.6M exceeded it, leaving free cash flow of −$24.0M.
Questions
What was Babcock & Wilcox Enterprises' revenue in the second quarter 2026?
Babcock & Wilcox Enterprises (BW) reported revenue of $320M for the second quarter 2026 (Q2 2026), +130% from a year earlier and +49% from the quarter before.
Was Babcock & Wilcox Enterprises profitable in the second quarter 2026?
Operating profit was $11.8M (3.7% of revenue) and net earnings $14.3M.