Babcock & Wilcox is expected to report Q2 2026 revenue of $199.1 million, representing a 37% year-over-year increase, and consensus EPS of $0.03, with shares currently trading at $9.37 against a $24.67 average analyst price target.
The primary story investors are watching is the company’s progress on its massive $2.4 billion project with Applied Digital to provide 1.2 gigawatts of power generation for AI data centers.
This contract, which entered the full notice to proceed phase in March, has significantly expanded the company's backlog to record levels. Investors will also look for updates on the ClimateBright decarbonization portfolio and whether the company remains on track to meet its full-year 2026 adjusted EBITDA guidance of $80 million to $100 million.