V2X reports 23% revenue growth and raises 2026 guidance with record $13.8B backlog

V2X, Inc. reported a strong first quarter of 2026 with revenue up 23% year-over-year to $1.25 billion and adjusted net income rising 53% to $48.1 million. The company achieved a record backlog of $13.8 billion, driven by a 3.2x book-to-bill ratio, reflecting robust demand. V2X raised its full-year 2026 guidance, expecting revenue between $4.825 billion and $4.975 billion and adjusted EBITDA growth of 9% at the midpoint. The company plans to continue investing in innovation and global operations to support national security priorities and deliver shareholder value.