V2X Q1 revenue rises 23%, beats analyst estimates

ReutersMay 4, 2026 8:25 PM

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Overview

US defense solutions provider's Q1 revenue rose 23% yr/yr, beating analyst expectations
Adjusted EPS for Q1 rose 55% to $1.53, beating analyst expectations
Company raised 2026 guidance after record backlog and strong contract awards

Outlook

V2X raises 2026 revenue guidance to $4.83 bln-$4.98 bln from $4.68 bln-$4.83 bln
Company lifts 2026 adjusted EBITDA forecast to $345 mln-$360 mln from $335 mln-$350 mln
V2X expects net leverage ratio below 2.0x by end-2026

Result Drivers

CONTRACT AWARDS - Q1 results driven by approximately $4.1 bln in new contract awards, pushing backlog to a record $13.8 bln
NATIONAL SECURITY PRIORITIES - Co said growth reflects alignment with national security priorities and strong execution, per CEO Jeremy C. Wensinger
U.S. REVENUE GROWTH - Revenue from U.S. operations rose 40% yr/yr, outpacing other regions

Company press release: ID:nPn489bkfa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Beat	$1.25 bln	$1.13 bln (10 Analysts)
Q1 Adjusted EPS	Beat	$1.53	$1.03 (7 Analysts)
Q1 EPS		$0.60
Q1 Adjusted EBITDA	Beat	$85.60 mln	$77.61 mln (10 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for V2X Inc is $75.75, about 11.8% above its May 1 closing price of $67.74
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

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