V2X (NYSE:VVX) Issues Quarterly Earnings Results

V2X (NYSE:VVX) posted its earnings results on Monday. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.20, FiscalAI reports. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. V2X had a return on equity of 16.94% and a net margin of 1.88%.The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 earnings per share. V2X updated its FY 2026 guidance to 5.900-6.300 EPS.

Here are the key takeaways from V2X’s conference call:

• Guidance was raised after a strong quarter: 2026 revenue is now expected at $4.875–$5.025 billion, adjusted EBITDA at $347.5–$362.5 million, and adjusted diluted EPS at $5.90–$6.30.
• Second-quarter revenue increased 17% to $1.26 billion, while adjusted EBITDA rose 9% to $89.8 million and adjusted diluted EPS climbed 23% to $1.64. Adjusted operating cash flow improved 23% year over year to $71.8 million.
• V2X reported approximately $1 billion in recent awards spanning modernization, training, aerospace, and mission readiness, with management saying the awards should improve the margin profile of its backlog. The awards were received after quarter-end and therefore were not included in second-quarter bookings.
• Funded backlog increased 10% sequentially to $2.5 billion, and management expects adjusted operating cash flow of $160–$180 million for 2026, driving net leverage to approximately 2 times or below by year-end. The company also reduced borrowing costs through a term-loan repricing.
• The Kuwait logistics activity is expected to fall sharply in the second half, from approximately $180 million of first-half revenue to $20–$30 million, creating an estimated $150 million sequential headwind. Middle East revenue is consequently expected to be flat to down for the full year, although other programs and national-security activity are expected to offset much of the decline.

V2X Stock Down 5.8%

Shares of V2X stock opened at $85.05 on Tuesday. V2X has a 52-week low of $47.37 and a 52-week high of $93.98. The company has a 50 day moving average of $80.90 and a 200 day moving average of $73.09. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $2.66 billion, a P/E ratio of 30.48, a P/E/G ratio of 0.72 and a beta of 0.21.

Institutional Trading of V2X

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of V2X by 6.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,333,727 shares of the company’s stock worth $72,756,000 after acquiring an additional 82,518 shares in the last quarter. State Street Corp boosted its holdings in V2X by 23.6% in the fourth quarter. State Street Corp now owns 1,192,058 shares of the company’s stock valued at $65,027,000 after purchasing an additional 227,804 shares in the last quarter. Ophir Asset Management Pty Ltd increased its stake in V2X by 10.9% in the fourth quarter. Ophir Asset Management Pty Ltd now owns 912,274 shares of the company’s stock valued at $49,765,000 after purchasing an additional 89,957 shares during the last quarter. Wellington Management Group LLP increased its stake in V2X by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 871,143 shares of the company’s stock valued at $47,521,000 after purchasing an additional 67,626 shares during the last quarter. Finally, Boston Partners raised its holdings in V2X by 5,323.3% during the third quarter. Boston Partners now owns 553,235 shares of the company’s stock worth $32,139,000 after purchasing an additional 543,034 shares in the last quarter. 95.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VVX. Citizens Jmp increased their target price on shares of V2X from $90.00 to $102.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 28th. Noble Financial reaffirmed an “outperform” rating on shares of V2X in a research note on Tuesday, June 2nd. Citigroup reissued a “market outperform” rating on shares of V2X in a research note on Tuesday, July 28th. BTIG Research restated a “buy” rating and set a $90.00 target price on shares of V2X in a report on Wednesday, May 27th. Finally, Zacks Research upgraded shares of V2X from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.10.

V2X News Summary

Here are the key news stories impacting V2X this week:

• Positive Sentiment: V2X reported second-quarter revenue of $1.26 billion, up approximately 17% year over year and above the $1.21 billion consensus estimate. Adjusted diluted EPS of $1.64 increased 23% from $1.33 a year earlier and exceeded estimates of roughly $1.44-$1.45. V2X Reports Second Quarter 2026 Results
• Positive Sentiment: Adjusted net income rose 22% to $51.6 million, while adjusted EBITDA reached $89.8 million, representing a 7.1% margin. Management also increased its full-year 2026 revenue, adjusted EBITDA and adjusted EPS outlook. V2X Reports Second Quarter 2026 Results
• Neutral Sentiment: V2X now expects 2026 adjusted EPS of $5.90-$6.30 and revenue of $4.9-$5.0 billion. The EPS midpoint of $6.10 is close to the $6.09 consensus, while the revenue range is broadly consistent with the $4.9 billion estimate. V2X Q2 Earnings and Revenues Beat Estimates
• Negative Sentiment: Although the quarter beat expectations, reported net income was only $25.5 million and the net margin was a thin 1.88%. With VVX trading at roughly 30 times earnings and near its 12-month high, investors may have viewed the largely in-line outlook as insufficient to justify further gains.

V2X Company Profile

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.