VSE Beats Q3 2026 Estimates as Revenue Rises 91% to $541.0M

VSE (VSECU) beat estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $541.0 million, up 91% from a year earlier, above the $512.1 million estimate, and adjusted EPS was $2.01, up 103% from a year earlier, above the $1.76 estimate.

Q3 2026 scorecard

By our calculation, revenue was $28.9 million above the estimate and adjusted EPS was $0.25 above it. The QoQ column compares with the previous quarter's revenue of $449.1 million and adjusted EPS of $1.75. The YoY column compares with $282.9 million and $0.99 in the same quarter a year earlier.

GAAP results

• GAAP EPS. GAAP diluted EPS was $1.49, against $0.19 a year earlier.
• Net income. The company reported net income of $47.3 million on a GAAP basis, compared with net income of $3.8 million a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 8 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 8 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $282.9 million, $301.2 million, $324.6 million, $449.1 million and $541.0 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $1.84 and revenue of $529.1 million next quarter, based on 1 analyst.
• Next report. VSE is next expected to report on March 3, 2027.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 91% increase to $541.0 million.
• Related coverage. See our reports on Allied Gold, Hyperliquid Strategies, Northwestern Energy and Lionsgate Studios.

Sources: Results are from VSE's Nov. 4, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from VSE's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.