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BW · Babcock & Wilcox Enterprises, Inc.

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$10.29 +0.94 (+10.05%) At close · Aug 14
Market Cap
$1.53B
Shares
148.97M
All earnings calls

Earnings call · FY2026 Q2

Babcock & Wilcox Q2 2026 Earnings Conference Call

Babcock & Wilcox Q2 2026 Earnings Conference Call

Concluded Aug 10, 2026 Audio replay Verified speakers
Aug 10, 2026 13:31 9 turns
Period
FY2026 Q2
Runtime
13:31
Sources
5 artifacts

Executive readout · one minute

What matters this quarter

B&W reported Q2 2026 revenue of $319.7 million, up 130% year-over-year, with net income of $14.3 million and Adjusted EBITDA of $21.8 million, and raised full-year 2026 Adjusted EBITDA guidance to $80.0–$105.0 million.

Supply Chain and Manufacturing Capacity 27 Combined Cycle / Heat Rate Advantages 14 Base Electron Project Progress 11 Bright Loop / Maslin Project 7 Coal Plant Conversion Opportunity 7 AI/Data Center Power Demand 6

Management tone

Confident

Net tone +55 · low hedging

Grounding quotes
  • “we're excited about where we are and obviously you know getting a few of these”
  • “we feel like that we have that kind of flexibility and capacity”
  • “we're obviously still in a good position you know we we don't see an end to the power generation demands coming from AI and data centers, despite what the public markets have been stating”
  • “it's too soon to anticipate quite yet like how we forecast out revenues associated with that project and when past the the feed study but um it's you know actively involved and engaged”

Forward guidance

1 guided metrics

Management's latest ranges and targets are included below.

Research coverage

5 live sources

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Revenue $319.72M +130.3% YoY
Diluted EPS $0.07
Net income $14.26M

Research materials

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Key takeaways

What improved, and what deserves a closer read.

Constructive signals

  • Q2 revenue rose 130% year-over-year to $319.7 million, ahead of consensus expectations.
  • Q2 net income of $14.3 million vs. a $58.5 million loss in Q2 2025, with EPS of $0.07 vs. a loss per share of $0.63.
  • Q2 Adjusted EBITDA rose 57% to $21.8 million, and full-year 2026 Adjusted EBITDA guidance was raised to $80.0–$105.0 million.
  • Backlog of $2.6 billion, up 533% year-over-year, with an additional 1 gigawatt of Siemens Energy steam turbines secured for the next data center project.
  • Q2 bookings of $151.0 million, up 38% year-over-year, and total global pipeline exceeds $14.0 billion.

Risks & pressure points

  • Highly skilled labor availability is a constraint risk as the company scales into a large construction phase in 2026.
  • The coal plant conversion (with TerraSpark/DOE) is still in the FEED phase, and revenue timing remains uncertain.

Key moments

Jump directly to management's words in the synchronized transcript.

Forward guidance

From the 8-K filed Aug 10, 2026.

Metric Guided
Adjusted EBITDA Initiated
full year 2026
$80M – $105M
Full-screen source Call document