Filing Flows › Babcock & Wilcox Enterprises (BW) › Q3 2026
Babcock & Wilcox Enterprises (BW) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Babcock & Wilcox Enterprises (BW) reported revenue of $291M for the third quarter 2026 (Q3 2026), +109% from a year earlier and -9% from the quarter before. Operating margin was 4.7%, net earnings $93.9M (32.3% of revenue).
Babcock & Wilcox Enterprises, Q3 2026: revenue $291M (+109% year over year), operating margin 4.7%, net earnings $93.9M, operating cash flow −$131M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $291M | -9% | +109% |
| Operating profit | $13.8M | +17% | +309% |
| Net earnings | $93.9M | +559% | +168% |
| Operating cash flow | −$131M | — | — |
What changed
Revenue was $290.8M in Q3 2026, up 109% year over year and down 9% from the previous quarter.
Operating profit was $13.8M, a 4.7% margin (up 2.3 points year over year). Of the extra revenue versus Q3 2025, 7% reached operating profit, above the 2% margin then. Total costs grew 104% against revenue growth of 109%. The fastest-growing cost line was Cost of revenue (+132%). Net earnings were $93.9M, up 168% year over year. The effective tax rate was 1.5%. Non-operating items added $81.5M, 86% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$130.6M. Non-cash charges added back $3.2M of depreciation and amortization. Working capital and other items used $227.7M. Capital expenditures of $4.9M exceeded it, leaving free cash flow of −$135.5M.
Questions
What was Babcock & Wilcox Enterprises' revenue in the third quarter 2026?
Babcock & Wilcox Enterprises (BW) reported revenue of $291M for the third quarter 2026 (Q3 2026), +109% from a year earlier and -9% from the quarter before.
Was Babcock & Wilcox Enterprises profitable in the third quarter 2026?
Operating profit was $13.8M (4.7% of revenue) and net earnings $93.9M.