BWX Technologies to Report Q3 Earnings Monday, With Revenue Growth Expected to Slow to 12.3%

BWX Technologies will report third-quarter earnings after market close on Monday, with revenue expected to grow 12.3% year on year, according to TradingView. The Lynchburg-based company designs and manufactures nuclear reactors, TRISO and CANDU fuel, and reactor components primarily for the U.S. Navy's submarine and aircraft carrier fleet, with additional commercial nuclear, nuclear medicine, and DOE environmental management operations.

BWX Technologies' Slowing Revenue Growth

The expected 12.3% increase compares with the 28.9% growth BWX recorded in the same quarter last year. Last quarter, BWX met analysts' revenue expectations, reporting revenues of $901.6 million, up 18% year on year. The company said that quarter included full-year EBITDA guidance beating analysts' expectations and an impressive beat of analysts' EBITDA estimates. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.

Among defense contractors that have already reported third-quarter results, Huntington Ingalls Industries delivered year-on-year revenue growth of 10.8%, beating analysts' expectations by 5.3%, while RTX reported revenues up 11.1%, topping estimates by 3.3%. Huntington Ingalls traded up 13.5% following the results while RTX's stock price was unchanged.

BWX Technologies' Backlog and Contract Base

According to akta.pro company records, BWX Technologies carried a record backlog of $8.7 billion as of the first quarter of 2026, up 77% year on year, driven by demand across government and commercial nuclear markets. The same records show full-year 2025 revenue of $3.2 billion, up 18% year on year, and first-quarter 2026 revenue of $860.2 million, up 26% year on year with 11% organic growth. The records also list more than $1.4 billion in Naval Nuclear Propulsion contracts, comprising $1.285 billion for long-lead material procurement in fiscal 2026, the first of five annual task orders through 2030, plus $165 million for Ford-class aircraft carrier reactor components.

Earlier Coverage of BWX Technologies

On October 30, 2026, Yahoo reported that BWX Technologies generated $322 million in free cash flow, and a DCF model aligned with the then-current $137.93 price assuming growing cash flows. On October 26, 2026, The Motley Fool reported that Cameco, Centrus, and BWX Technologies are nuclear stocks that have underperformed despite market resurgence, with Centrus falling 72% and Cameco and BWX down 8% and 7% respectively. On October 22, 2026, Chartmill reported that BWX Technologies passes a dividend screen with a rating of 7/10, a 1.17% yield, and a 27% payout ratio.

What Comes After the Q3 Report

BWX Technologies will report earnings after market close on Monday. The company's mPower small modular reactor design was licensed to Applied Atomics in June 2026, granting exclusive land-based commercialization rights in the U.S. and Canada while BWX retains design ownership and exclusive component manufacturing rights.