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V2x, Inc. (VVX)
NYSE:VVX
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.22Last Year’s EPS
0.98Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive picture: record quarterly and full-year financials, double-digit adjusted EPS and adjusted net income growth, significant contract wins (including two >$1B and a secured T-6 award), improved leverage and strong pipeline and partnerships centered on AI and technology. Headwinds include a sub-1 book-to-bill trailing rate (reliant on large award timing), funded backlog concentration, early-phase margin pressure on new ramps, regional operational fluidity, and timing/protest risk around awards. Management issued a constructive 2026 guide (midpoint ~6% revenue growth, EBITDA and EPS expansion) while acknowledging timing and execution-related uncertainties.Company Guidance
Record Quarterly Revenue and EBITDA
Q4 revenue reached a record $1.219 billion, up 5% year-over-year; Q4 adjusted EBITDA was a record $88.7 million with an adjusted EBITDA margin of 7.3%.
Full Year Top-Line and Profitability Growth
Full-year 2025 revenue grew 4% to $4.48 billion. Full-year adjusted EBITDA was $323.3 million (7.2% margin). Adjusted net income rose 20% to $166.8 million and adjusted diluted EPS increased 21% to $5.24.
Strong Quarterly Operating Cash Flow and Cash Generation
Adjusted operating cash flow in Q4 was $172.4 million; year-to-date net cash provided by operating activities was $182 million and adjusted net cash provided by operating activities was $148.3 million, demonstrating robust cash generation.
Balance Sheet Improvement and Lower Interest Costs
Net debt improved by $116 million year-over-year to $758 million, yielding a net leverage ratio of 2.2x (over 1 full turn improvement in 24 months). Cash interest expense fell ~ $27 million year-over-year to $73.7 million for the year; Q4 cash interest was $18.0 million (improved $4.7 million YoY).
Major Contract Wins and Backlog
Delivered 2 contract wins > $1 billion each and 10 awards > $100 million in 2025. Backlog at year-end was $11.1 billion (funded backlog $2.3 billion). The T-6 award (~$4.3 billion) was upheld post-quarter and is expected to be booked in Q1, adding material revenue visibility.
Large Qualified Pipeline and Increased Bid Activity
Qualified pipeline stands at more than $60 billion. Bid velocity increased ~50% in 2025 and company targets an additional ~30% increase in 2026, supporting future revenue opportunities.
2026 Financial Guidance Reflects Continued Growth
2026 guidance: revenue $4.675–$4.825 billion (midpoint $4.75B, ~6% growth year-over-year), adjusted EBITDA $335–$350 million, adjusted diluted EPS $5.50–$5.90 (midpoint ~9% growth), and adjusted operating cash flow $150–$170 million.
Strategic Partnerships and Technology Investments
Announced partnerships with AWS and Google Public Sector (and collaboration with IBM) to apply AI, data automation and smart warehousing to mission solutions; MDA Shield IDIQ and Advanced Technology Support Program IDIQ awards position the company in space/missile defense and rapid tech fielding.
Execution in Mission-Critical Areas
Strong wins and execution in training, foreign military sales, rapid prototyping, F-16 modernization and classified cyber programs demonstrate alignment with national security priorities and customer confidence (T-6 cited as a ~$4.3B milestone program).
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 |
|---|---|---|---|
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% |
May 05, 2025 | $48.92 | $47.91 | -2.06% |
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, Inc. (VVX) report earnings?
V2x, Inc. (VVX) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is V2x, Inc. (VVX) earnings time?
V2x, Inc. (VVX) earnings time is at May 12, 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 (Q1) is 1.22.