VVX Q2 2026 - Preliminary Earnings Alert
Event: Quartr Q2 2026 event Retrieved: 2026-08-03T20:19:00Z Comparison mode: aggressive Scorecard contract: v1 Source status: release=available | financials=available | transcript=not yet available
Consensus scorecard
| Metric / basis | Quartr actual | API Ninjas consensus | Beat/Miss | Beat/Miss % |
|---|---|---|---|---|
| Revenue / total revenue | $1,256.6m | $1,208.1m | Beat $48.5m | 4.0% |
| EPS / adjusted diluted | $1.64 | $1.44 | Beat $0.20 | 13.9% |
Reported results and guidance
- Q2 revenue was $1.26 billion, up 17% year over year; adjusted diluted EPS was $1.64, up 23%, and adjusted EBITDA was $89.8 million.
- V2X raised 2026 revenue guidance to $4.875-$5.025 billion, adjusted EBITDA guidance to $347.5-$362.5 million, and adjusted diluted EPS guidance to $5.90-$6.30.
- Backlog was $12.7 billion, including $2.5 billion funded; trailing-twelve-month book-to-bill was approximately 1.4x.
Key bullish aspects
- The quarter combined double-digit top-line and adjusted-EPS growth with higher full-year revenue, EBITDA, and EPS guidance.
- Net leverage improved to 2.4x, and management expects approximately 2.0x by year-end.
Key bearish aspects
- Q2 book-to-bill was approximately 0.5x despite the stronger trailing-twelve-month figure.
- Net debt remained $876.1 million, and the business remains exposed to the timing and mix of government and mission-critical work.
Key uncertainties
- Whether awards convert quickly enough to maintain growth and backlog quality is the key operating question after the below-one Q2 book-to-bill.
- The path to the lower year-end leverage target depends on cash conversion and operating execution through the second half.
Market context
- No price snapshot included; this release was published after market close and is not evidence of a complete market reaction.
Source limitations
- API Ninjas supplied the same-date revenue and EPS estimates; its actual and difference fields were unavailable and were used only as diagnostics.