{"id":956843,"date":"2026-04-30T16:37:26","date_gmt":"2026-04-30T20:37:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/exponent-reports-first-quarter-2026-financial-results\/"},"modified":"2026-04-30T16:37:26","modified_gmt":"2026-04-30T20:37:26","slug":"exponent-reports-first-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/exponent-reports-first-quarter-2026-financial-results\/","title":{"rendered":"Exponent Reports First Quarter 2026 Financial Results"},"content":{"rendered":"
\n

MENLO PARK, Calif., April 30, 2026 (GLOBE NEWSWIRE) — Exponent, Inc. (Nasdaq: EXPO) today reported financial results for the first quarter of fiscal year 2026 ended April 3, 2026.<\/p>\n

\u201cExponent delivered double-digit growth in revenues and earnings during the first quarter, reflecting the strength of our multidisciplinary portfolio and increased demand for our specialized expertise across industries,\u201d stated Dr. Catherine Corrigan, President and Chief Executive Officer. \u201cGrowth was driven by proactive engagements, including user research studies for consumer electronics clients integrating AI into their devices, as well as risk management work for utility clients evaluating asset performance under extreme weather conditions. Reactive engagements also contributed to our growth, with increased dispute-related and failure analysis demand across construction projects, energy facilities, and medical devices.<\/p>\n

\u201cThe integration of AI and other advanced technologies into physical products and performance-critical systems, combined with rising expectations for safety and reliability, is driving increased reliance on Exponent\u2019s specialized expertise. At the same time, trends in energy demand, infrastructure risk, and innovation continue to support demand for our deep technical capabilities, reinforcing our essential role in helping clients navigate complex, high-stakes decisions,\u201d Dr. Corrigan continued.<\/p>\n

\n First Quarter Financial Results<\/strong>\n <\/p>\n

Total revenues and revenues before reimbursements for the first quarter of 2026 increased 14% to $166.3 million and 10% to $151.8 million, respectively, as compared to $145.5 million and $137.4 million in the first quarter of 2025.<\/p>\n

Net income increased to $29.6 million, or $0.59 per diluted share, in the first quarter of 2026, as compared to $26.7 million, or $0.52 per diluted share, in the same period of 2025. During the quarter, Exponent realized a negative tax impact associated with share-based awards of $0.9 million as compared to $0.5 million in the first quarter of 2025. Inclusive of the negative tax impact, Exponent’s consolidated tax rate was 30.2% in the first quarter, as compared to 29.4% for the same period in 2025.<\/p>\n

EBITDA1<\/sup> increased to $43.1 million, or 28.4% of net revenues, in the first quarter of 2026, as compared to $37.5 million, or 27.3% of net revenues in the first quarter of 2025.<\/p>\n

During the first quarter of 2026, Exponent paid $16.6 million in dividends, repurchased $78.8 million of common stock, and closed the period with $118.6 million in cash and cash equivalents.<\/p>\n

In a separate press release today, Exponent announced its quarterly cash dividend of $0.31 to be paid on June 18, 2026, and reiterated its intent to continue to pay quarterly dividends. Additionally, Exponent\u2019s Board of Directors approved an increase in the current stock repurchase program of $50 million. This is in addition to the $17.7 million available for repurchases as of April 3, 2026.\u00a0<\/p>\n

\n Business Overview<\/strong>\n <\/p>\n

Exponent\u2019s engineering and other scientific segment represented 85% of the Company\u2019s revenues before reimbursements in the first quarter of 2026. Revenues before reimbursements in this segment increased 12% in the first quarter, compared to the prior year period. Growth during the quarter was driven by user research studies in consumer electronics and risk management in the utilities sector, along with reactive engagements in the energy and life sciences sectors.<\/p>\n

Exponent\u2019s environmental and health segment represented 15% of the Company\u2019s revenues before reimbursements in the first quarter. Revenues before reimbursements in this segment increased 2% in the first quarter, compared to the prior year period. Growth in this segment was primarily driven by Exponent\u2019s regulatory consulting in the chemical industry.<\/p>\n

\n Business Outlook<\/strong>\n <\/p>\n

\u201cExponent delivered a strong first quarter, with 5% year-over-year headcount growth, 76% utilization, and strong rate realization driving growth,\u201d commented Richard Schlenker, Executive Vice President and Chief Financial Officer. \u201cWe are encouraged by the market opportunities and remain confident in the long-term growth trajectory of the business.\u201d<\/p>\n

For the second quarter of fiscal 2026 as compared to the same period one year prior, Exponent anticipates:<\/p>\n