BW · Babcock & Wilcox Enterprises, Inc.
The latest filing states the doubt was alleviated.
“the potential for future conditions that could raise substantial doubt as to our ability to continue as a going concern, which has occurred in the past; management concluded that actions completed during 2025 alleviated the substantial doubt about the Company's ability to continue as a going concern that existed as of March 31, 2025. Management has evaluated conditions and events through the date of this filing and has concluded that substantial doubt does not exist as of March 31, 2026.”View the 10-Q filed May 11, 2026
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AI Brief
Q2 FY26 earnings call · Aug 10, 2026TL;DR. B&W posted sharply higher Q2 2026 revenue, net income and Adjusted EBITDA and raised its full-year 2026 Adjusted EBITDA outlook, driven largely by its Base Electron data center project where it secured an additional 1 gigawatt of Siemens steam turbines in anticipation of the next AI/data center opportunity.
- + Q2 revenue jumped 130% YoY to $319.7M and beat consensus expectations
- + Q2 Adjusted EBITDA rose 57% YoY to $21.8M and beat expectations
- + Q2 net income swung to $14.3M from a $58.5M loss and EPS was $0.07 vs. $(0.63)
- + Backlog surged 533% YoY to $2.6B and bookings rose 38% to $151.0M
- + Secured an additional 1 gigawatt of Siemens Energy steam turbines to enable the next data center project
- + Raised full-year 2026 Adjusted EBITDA target range to $80.0M–$105.0M
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $63.8M | Trailing Twelve Months Ending June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Income (loss) from continuing operations -75.1M
+22.9M Interest expense, net
+5.4M Income tax (benefit) expense
+10.3M Depreciation & amortization
+7.4M Benefit plans, net
+1.5M Loss on asset disposals, net
+15.8M Stock-based compensation
+3.1M Restructuring activities
-0.4M Settlements and related legal costs
-1.8M Loss on debt extinguishment
+1.2M Foreign exchange
+3.5M Financial advisory services
+4.2M Customer warrants
+64.3M Change in fair value of customer warrants
+1.5M Other-net
= Adjusted EBITDA 63.8M
|
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| Adjusted Net Income non-GAAP | $9.1M | second quarter of 2026 | — |
| Adjusted net income (loss) non-GAAP | $14.7M | Six Months Ended June 30, 2026 | — |
| Adjusted Net Income from Continuing Operations non-GAAP | $2.3M | Trailing Twelve Months Ending June 30, 2026 | — |
| Backlog | $2.6B | second quarter of 2026 | — |
| Bookings | $151M | second quarter of 2026 | — |
| EBITDA non-GAAP | -$49.2M | Six Months Ended June 30, 2026 | — |
| Employees | 1,650 | LTM June 30, 2026 | — |
| Total bookings | $150.5M | Three Months Ended June 30, 2026 filing | — |
| Total global pipeline | $14B | second quarter of 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Specialty Industrial Machinery — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
BW
this stock
Babcock & Wilcox Enterprises, Inc.
|
$865.49M | -10.1% | -20.8% | — | 16.2% |
|
GEV
GE Vernova Inc.
|
$255.05B | +51.3% | +9.0% | 27.5 | 3.3% |
|
ETN
Eaton Corp plc
|
$170.89B | +36.9% | +10.3% | 44.8 | 2.0% |
|
SMERY
Siemens Energy AG/ADR
|
$139.03B | — | — | — | 0.0% |
|
PH
Parker-Hannifin Corp
|
$123.32B | +10.6% | +18.9% | 34.4 | 1.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BW | -9.1% | -20.1% | -68.8% | -2.4% | -10.1% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -8.9% | -19.6% | -80.9% | -3.3% | -23.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.