V2X (VVX)
NYSE:VVX
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.43Last Year’s EPS
1.33Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call presented a strongly positive operational and financial picture: double-digit revenue growth (+23%), substantial increases in adjusted net income (+53%), adjusted EBITDA (+28%), and adjusted EPS (+55%), record bookings ($4.1B) and backlog ($13.8B), and raised full-year guidance. Management also emphasized liquidity strength, AI/innovation progress, and high revenue visibility (~94% for 2026). Offsetting items include a Q1 cash outflow (−$22.1M), higher SG&A partly driven by one-time professional fees (~$12M), modest absolute EBITDA margin (6.8%), and some reliance on discrete national security and T-6 awards that introduce concentration and timing risks. On balance, the highlights materially outweigh the lowlights.Company Guidance
Strong Revenue Growth
Revenue increased 23% year over year to $1.254 billion in Q1 2026, a record organic growth rate for the company and a strong start to the fiscal year.
Significant Earnings and EPS Improvement
Adjusted net income rose 53% year over year to $48.1 million. Adjusted diluted EPS increased approximately 55% to $1.53. Adjusted EBITDA was $85.6 million, up 28% year over year.
Improved Margins and Scale
Adjusted EBITDA margin was 6.8%, improving roughly 20 basis points year over year, driven by volume and mix changes.
Record Bookings and Backlog Expansion
Quarterly bookings totaled approximately $4.1 billion across ~50 awards. Total backlog reached $13.8 billion, up from $11.1 billion at the end of Q4 (about +24%), with a quarterly book-to-bill of 3.2x and trailing twelve months book-to-bill of 1.5x.
Raised Full-Year Guidance
2026 guidance was increased: revenue $4.825B–$4.975B, adjusted EBITDA $345M–$360M, adjusted diluted EPS $5.75–$6.15, and adjusted net cash from operations $160M–$180M, reflecting management confidence in execution.
Strong Contract Wins and Program Execution (T-6 & Others)
T-6 program contributed $3.3 billion to bookings and management expects T-6 revenue closer to ~$175M–$180M for the year. Key awards include F/A-18 modernization, KC-130J IR countermeasures, global training awards, full operational execution for T-6, and support for Artemis II.
Expanded Customer Mix and Geographic Reach
Approximately 21% of Q1 revenue came from customers outside of the U.S. Army, Navy, and Air Force (up from ~13% a year ago), and U.S. business was up ~40% year over year to over $800M.
Healthy Liquidity and Leverage Outlook
Approximately $200M cash on the balance sheet and a $500M revolver with zero balance at quarter end. Management expects net leverage to be <2x by the end of 2026 and reiterated disciplined capital deployment for growth/M&A.
Progress on AI and Innovation Initiatives
Introduced three AI platforms on enterprise IT, with promising internal adoption and external AI-enabled offerings (partnerships with Google, Tactile, NVIDIA) aimed at predictive sustainment and operational efficiencies.
High Revenue Visibility for 2026
Management stated revenue under contract visibility is about 94% for 2026, up materially from earlier expectations (previously ~85%), providing clear near-term revenue line of sight.
VVX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VVX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 04, 2026 | $67.82 | $76.50 | +12.80% |
Feb 23, 2026 | $67.94 | $70.00 | +3.03% |
Nov 03, 2025 | $58.41 | $57.11 | -2.23% |
Aug 04, 2025 | $48.50 | $55.88 | +15.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does V2X (VVX) report earnings?
V2X (VVX) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is V2X (VVX) earnings time?
V2X (VVX) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VVX EPS forecast?
VVX EPS forecast for the fiscal quarter 2026 (Q2) is 1.43.