Quarterly ResultMay 4, 2026, 04:14 PM
V2X Q1 Revenue $1.25B, Net Income +133% to $18.9M, EPS $0.60
AI Summary
V2X, Inc. reported strong financial results for the three months ended April 3, 2026, with revenue climbing 23.4% to $1.25 billion and net income more than doubling to $18.9 million. Diluted earnings per share significantly increased to $0.60. The company also saw a healthy increase in its remaining performance obligations, reaching $3.89 billion, indicating future revenue visibility.
Key Highlights
- Revenue increased by 23.4% to $1.25 billion for the three months ended April 3, 2026.
- Net income surged by 133.4% to $18.9 million for the quarter.
- Diluted earnings per share rose to $0.60, up from $0.25 in the prior year period.
- Operating income grew by 28.6% to $44.1 million.
- Remaining performance obligations increased by 15.2% to $3.89 billion as of April 3, 2026.
- Revenue from time-and-materials contracts soared by 348.4% to $129.0 million.
- U.S. revenue grew by 40.4% to $810.6 million, while Air Force revenue increased by 69.3% to $167.8 million.
- Net cash used in operating activities was $129.9 million for the quarter.