WidePoint Corporation (WYY) reported second-quarter earnings for 2026 of 1 cent per share, matching expectations and improving 116.7% year over year from a loss of 6 cents. Revenue for the quarter was $38 million, a 1.9% year-over-year increase but falling short of estimates by 8.81%. A federal contract backlog stood at approximately $219 million as of June 30, 2026.
Carrier services revenues rose to $24.1 million, an 8.6% increase year over year, attributed to growth in managed phone lines for the Department of Homeland Security. Managed services fees also increased by 12.8% to $9.7 million. However, reselling and other services revenues fell 41.2% to $3 million amid nonrecurring revenues in the previous year.
WidePoint secured the DHS’ CWMS 3.0 contract, worth up to $3.1 billion over ten years, currently facing a protest with a decision expected by October 7, 2026. An interim CWMS 2.5 bridge contract valued at $113 million will support continued operations during the protest period.
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