Filing Flows › BWX Technologies (BWXT) › Q1 2026
BWX Technologies (BWXT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
BWX Technologies (BWXT) reported revenue of $860M for the first quarter 2026 (Q1 2026), +26% from a year earlier and -3% from the quarter before. Operating margin was 12.4%, net earnings $91.2M (10.6% of revenue).
BWX Technologies, Q1 2026: revenue $860M (+26% year over year), operating margin 12.4%, net earnings $91.2M, operating cash flow $92.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $860M | -3% | +26% |
| Operating profit | $107M | +16% | +10% |
| Net earnings | $91.2M | -3% | +21% |
| Operating cash flow | $92.6M | -27% | +83% |
| Free cash flow | $50.1M | — | — |
What changed
Revenue was $860.2M in Q1 2026, up 26% year over year and down 3% from the previous quarter.
Operating profit was $106.7M, a 12.4% margin (down 1.8 points year over year). Of the extra revenue versus Q1 2025, 6% reached operating profit, below the 14% margin then. Total costs grew 29% against revenue growth of 26%. Net earnings were $91.1M, up 21% year over year. The effective tax rate was 15.0%.
Operating cash flow was $92.6M (up 83% year over year), 102% of net earnings. Non-cash charges added back $29.0M of depreciation and amortization and $10.2M of share-based compensation. Working capital and other items used $37.8M. After purchases of Property, Plant and Equipment ($42.5M), free cash flow as the company reports it was $50.1M.
Questions
What was BWX Technologies' revenue in the first quarter 2026?
BWX Technologies (BWXT) reported revenue of $860M for the first quarter 2026 (Q1 2026), +26% from a year earlier and -3% from the quarter before.
Was BWX Technologies profitable in the first quarter 2026?
Operating profit was $107M (12.4% of revenue) and net earnings $91.2M.
Source: BWX Technologies 10-Q on SEC EDGAR.