Babcock & Wilcox Q2 revenue rises 130% to $319.7 million; raises 2026 EBITDA target
Babcock & Wilcox reported second-quarter 2026 revenue of $319.7 million, up 130% from a year earlier, and net income of $14.3 million, compared with a net loss of $58.5 million in the same period of 2025. The company also raised the top of its full-year 2026 Adjusted EBITDA target range to $80.0 million to $105.0 million. Six-month results still show a net loss of $62.7 million, which includes a $64.4 million change in fair value of customer warrants.
Key points
- Revenue of $319.7 million vs. $138.9 million a year earlier, driven by large project volume including $100.7 million from Base Electron.
- Net income of $14.3 million and earnings per share of $0.07, vs. a net loss of $58.5 million and loss per share of $0.63 in Q2 2025.
- Adjusted EBITDA of $21.8 million vs. $13.9 million; full-year 2026 Adjusted EBITDA target range raised to $80.0 million to $105.0 million.
- Board authorized a share repurchase program of up to $50 million in July; cash, equivalents and restricted cash was $382.8 million at June 30, 2026.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.