V2X, Inc. filed an 8-K earnings press release on November 2, 2026, reporting third quarter 2026 financial results and announcing increased full-year 2026 guidance across all metrics.

Key Highlights

  • Revenue of $1.27 billion in Q3 2026, up 9% year-over-year, according to the filing.
  • Net income of $32.0 million, up 30% year-over-year; adjusted net income of $51.7 million, up 19% year-over-year.
  • GAAP diluted EPS of $1.01, up 32% year-over-year; adjusted diluted EPS of $1.64, up 19% year-over-year.
  • Total backlog of $12.8 billion and funded backlog of $2.6 billion as of October 2, 2026; trailing twelve-month book-to-bill of approximately 1.4x.
  • Net debt of $811.7 million at quarter end, a year-over-year improvement of $140.3 million, with a 2.2x net leverage ratio.
  • Updated full-year 2026 revenue guidance raised to a range of $4,950 million to $5,100 million, from a prior range of $4,875 million to $5,025 million.

V2X Reports Q3 2026 Earnings and Raises Full-Year Outlook

V2X, Inc. (NYSE:VVX), headquartered in Reston, Va., disclosed third quarter 2026 results in a press release dated November 2, 2026. The company reported revenue of $1.27 billion, representing 9% year-over-year growth. Net income reached $32.0 million, a 30% increase year-over-year, while adjusted net income was $51.7 million, up 19%. GAAP diluted EPS was $1.01, and adjusted diluted EPS was $1.64, both reflecting double-digit percentage gains over the prior-year period.

According to the filing, adjusted EBITDA for the quarter was $88.6 million, with an adjusted EBITDA margin of 7.0%, representing a 4% increase year-over-year. Net cash provided by operating activities was $67.3 million, and adjusted net cash provided by operating activities was $61.8 million. Net debt stood at $811.7 million, improving by $140.3 million year-over-year, yielding a 2.2x net leverage ratio. The company disclosed that it expects to achieve a net leverage ratio of approximately 2.0x by the end of 2026.

The filing also disclosed updated full-year 2026 guidance. The company raised its revenue outlook to a range of $4,950 million to $5,100 million, compared to prior guidance of $4,875 million to $5,025 million. Updated adjusted EBITDA guidance is $352.5 million to $367.5 million, versus $347.5 million to $362.5 million previously. Adjusted diluted EPS guidance was raised to $6.15 to $6.55, from $5.90 to $6.30. Adjusted net cash provided by operating activities guidance was revised to $175 million to $195 million, from $160 million to $180 million. The company noted it is not providing a quantitative reconciliation of these forward-looking non-GAAP measures, citing the "unreasonable efforts" exception under SEC rules.

What Was Disclosed

V2X reported Q3 2026 revenue of $1.27 billion, net income of $32.0 million, and diluted EPS of $1.01, while raising full-year 2026 guidance for revenue, adjusted EBITDA, adjusted diluted EPS, and adjusted net cash from operations. Total backlog was $12.8 billion as of October 2, 2026.