Babcock & Wilcox Enterprises, Inc. Q2 FY2026 Earnings Call
· Earnings call transcript and AI-powered summary
Babcock & Wilcox Enterprises Q2 2026 Earnings Summary
Key Financial Highlights (Comparisons to Prior Year Periods)
- Revenue: Q2 2026 revenue reached $319.7 million, a 130% increase versus Q2 2025. First-half 2026 revenue totaled $534.1 million, up significantly from $287.5 million in the first half of 2025, driven by large project volume including $131.7 million from the Base Electron project and rising demand for fossil fuel-based electricity from AI/data centers.
- Net Income: Q2 2026 net income was $14.3 million, an increase of $72.8 million compared to Q2 2025. First-half 2026 reported a net loss of $62.7 million (versus $80.5 million loss in H1 2025), primarily due to $77.4 million in noncash warrants and stock-related costs; adjusted net income for H1 2026 was $14.7 million.
- Adjusted EBITDA: Q2 2026 adjusted EBITDA was $21.8 million, up $7.9 million from Q2 2025. First-half 2026 adjusted EBITDA rose to $37.8 million from $17.9 million in H1 2025.
- Bookings & Backlog: First-half 2026 bookings surged to $2.7 billion (+1,058% vs. H1 2025). Q2 2026 backlog reached $2.6 billion (+533% vs. Q2 2025).
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