V2X Q3 revenue beats estimates, raises 2026 outlook

Overview

• U.S. defense solutions provider's Q3 revenue up 9% yr/yr, beating analyst expectations

• Adjusted EPS for Q3 rose 19%, beating analyst expectations

• Company raised full-year 2026 guidance across all major metrics

Outlook

• V2X raises full-year 2026 revenue guidance to $4.95 bln-$5.10 bln

• Company lifts 2026 adjusted EBITDA outlook to $352.5 mln-$367.5 mln

• V2X now expects 2026 adjusted diluted EPS of $6.15-$6.55

Result Drivers

• U.S. REVENUE GROWTH - Revenue from U.S. operations rose 31% yr/yr, offsetting declines in other regions

• AIR FORCE AND OTHER CUSTOMERS - Revenue from Air Force and 'Other' customers increased sharply, while Army revenue fell

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 7 "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 $90.00, about 12% above its October 30 closing price of $80.37

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads

• Nov 2 - Guerrilla RF Q3 revenue rises 61% on aerospace & defense demand

• Nov 2 - Military production for navies up 50% in past two years, Naval Group says

• Nov 2 - Thales unit wins $53.9 million US Navy contract

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

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)