V2X outlook 2026 adjusted EPS $5.90 - $6.30

V2X, Inc. (NYSE: VVX) has raised its full-year 2026 guidance for adjusted diluted earnings per share (EPS) to a range of $5.90 to $6.30, reflecting continued momentum in its operations. The updated guidance represents a significant increase from the prior range of $5.50 to $5.90 and underscores the company’s confidence in its ability to deliver value to shareholders.

In the first quarter of 2026, V2X reported a 55% year-over-year increase in adjusted diluted EPS. This growth was driven by a 23% year-over-year rise in revenue to $1.25 billion and a 53% increase in adjusted net income to $48.1 million. The company also reported an adjusted EBITDA margin of 6.8%, up from 6.6% in the same period of the prior year.

The updated EPS guidance is supported by a record backlog of $13.8 billion as of April 3, 2026, with a book-to-bill ratio of 3.2x in the first quarter. This strong backlog position, combined with a disciplined approach to capital allocation and operational efficiency, has enabled V2X to raise its full-year outlook.

The company’s net leverage ratio stood at 2.5x as of April 3, 2026, with a target of reducing it to below 2.0x by the end of 2026. This reflects V2X’s commitment to maintaining a strong balance sheet while investing in innovation and global operations to support long-term growth.

The updated guidance for adjusted diluted EPS is based on current expectations and is subject to risks and uncertainties outlined in the company’s filings with the U.S. Securities and Exchange Commission.