The strong beat and raised guidance, combined with the $50M buyback and bond repurchase, signal accelerating execution in the AI data center power market. Monitor the Base Electron project progression and additional data center contract wins for further upside.
Price Chart
Executive Summary
Babcock & Wilcox Enterprises reported Q2 2026 revenue of $319.7M (130% YoY growth) and net income of $14.3M, both ahead of consensus street expectations. The company raised its full-year 2026 Adjusted EBITDA target range to $80M-$105M, announced a $50M share repurchase program, and plans to repurchase the remaining $61.8M of bonds due December 2026. The results reflect strong momentum in the core business and AI data center-related power generation projects, with backlog surging 533% to $2.6B.
Key Financial Metrics
Key Facts
- Revenue of $319.7M, up 130% YoY from $138.9M
- Net income of $14.3M vs net loss of $58.5M in Q2 2025
- Adjusted EBITDA of $21.8M, up 57% YoY from $13.9M
- Raised full-year 2026 Adjusted EBITDA target range to $80M-$105M
- Backlog of $2.6B, up 533% YoY
- Bookings of $151M, up 38% YoY
- Announced $50M share repurchase program
- Repurchased remaining $61.8M of bonds due Dec 2026
- Secured additional 1 GW of steam turbines from Siemens Energy
- Cash, cash equivalents and restricted cash of $382.8M
Financial Impact
Revenue surged 130% YoY to $319.7M; net income swung from -$58.5M to +$14.3M; Adjusted EBITDA target raised to $80M-$105M
Risk Factors
- Execution risk on large AI data center projects like Base Electron
- Labor shortages and supply chain constraints could impact project margins
- Significant non-cash warrant and stock-based compensation costs may obscure underlying earnings
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001630805-26-000066 |
| Document: bwiroverview-august2026x.htm | 0001630805-26-000066 |
| Document: bw-20260810.htm | 0001630805-26-000066 |
| Document: 0001630805-26-000066-index-headers.html | 0001630805-26-000066 |
| Document: 0001630805-26-000066-index.html | 0001630805-26-000066 |
| Document: 0001630805-26-000066.txt | 0001630805-26-000066 |
| 8-K Data (Synthetic) | 0001630805-26-000066 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 18, 2026 6w ago | Institutional Cluster | $9.14 $6.79 | ▼ −25.71% | ▼ −23.97% | $5.70 (−37.64%) |
Aug 14, 2026 7w ago | Insider Cluster | $9.92 $6.98 | ▼ −29.64% | ▼ −27.66% | $5.70 (−42.54%) |
Aug 14, 2026 7w ago | Insider Cluster | $9.92 $6.98 | ▼ −29.64% | ▼ −27.66% | $5.70 (−42.54%) |
Aug 13, 2026 7w ago | 25-NSE | $9.35 $7.94 | ▼ −15.08% | ▼ −13.33% | $5.70 (−39.04%) |
Aug 10, 2026 7w ago | 8-K | $9.19 $7.43 | ▼ −19.15% | ▼ −18.09% | $5.70 (−37.98%) |
Jul 13, 2026 11w ago | 8-K | $10.93 $8.88 | ▼ −18.76% | ▼ −21.94% | $5.70 (−47.85%) |
Jun 11, 2026 16w ago | Institutional Cluster | $15.86 $11.46 | ▼ −27.74% | ▼ −29.63% | $5.70 (−64.06%) |
May 15, 2026 20w ago | 424B5 | $22.55 $23.33 | ▲ +3.46% | ▲ +1.88% | $5.70 (−74.72%) |
May 11, 2026 20w ago | 8-K | $22.71 $23.12 | ▲ +1.81% | ▲ +2.11% | $5.70 (−74.90%) |
Mar 18, 2026 28w ago | Insider Cluster | $14.17 $18.43 | ▲ +30.06% | ▲ +24.02% | $5.70 (−59.77%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access