{"id":961076,"date":"2026-05-11T18:43:40","date_gmt":"2026-05-11T22:43:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/amentum-reports-second-quarter-fiscal-year-2026-results-and-reaffirms-full-year-guidance\/"},"modified":"2026-05-11T18:43:40","modified_gmt":"2026-05-11T22:43:40","slug":"amentum-reports-second-quarter-fiscal-year-2026-results-and-reaffirms-full-year-guidance","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amentum-reports-second-quarter-fiscal-year-2026-results-and-reaffirms-full-year-guidance\/","title":{"rendered":"Amentum Reports Second Quarter Fiscal Year 2026 Results and Reaffirms Full Year Guidance"},"content":{"rendered":"

<\/p>\n

Amentum Reports Second Quarter Fiscal Year 2026 Results and Reaffirms Full Year Guidance<\/b><\/p>\n

Revenues of $3.5 billion<\/i><\/p>\n

Net Income of $54 million; Adjusted EBITDA of $275 million<\/i><\/p>\n

Diluted Earnings Per Share of $0.22; Adjusted Diluted Earnings Per Share of $0.60<\/i><\/p>\n

Operating Cash Flow of $225 million; Free Cash Flow of $220 million<\/i><\/p>\n

Backlog of $47.8 billion; Book-to-Bill of 1.2x, Last Twelve Months 1.2x<\/i><\/p>\n

Issued $1.4 Billion Term Loan A; Proceeds Used to Repay and Reprice Term Loan B<\/i><\/p>\n

CHANTILLY, Va.–(BUSINESS WIRE<\/a>)–
\nAmentum Holdings, Inc. (\u201cAmentum\u201d or the \u201cCompany\u201d) (NYSE: AMTM), a leading advanced engineering and technology company, today announced results for the second quarter ended April 3, 2026, and reaffirmed guidance for its fiscal year 2026.<\/p>\n

\n\u201cAmentum delivered another quarter of solid performance across all key financial and business development metrics,” said Amentum Chief Executive Officer John Heller. \u201cWe see significant and growing opportunities across national security, nuclear energy, space, and critical digital infrastructure markets with most of these in the early stages of a substantial investment cycle. We believe that our strategic alignment with these markets and our focus on execution, innovation, and delivery excellence will translate into long-term value for our shareholders.\u201d<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Summary Operating Results<\/span><\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Three Months Ended<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

(in millions, except per share data)<\/i><\/p>\n<\/td>\n

\n

April 3, 2026<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

March 28, 2025<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

% Change<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

GAAP Measures:<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nRevenues<\/p>\n<\/td>\n

\n

\n$3,478<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$3,491<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\u2014%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nOperating income<\/p>\n<\/td>\n

\n

\n$151<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$110<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

37%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nNet income<\/p>\n<\/td>\n

\n

\n$54<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$4<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

1250%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nDiluted earnings per share<\/p>\n<\/td>\n

\n

\n$0.22<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$0.02<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

1000%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Non-GAAP Measures1<\/sup>:<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nAdjusted EBITDA1<\/sup><\/p>\n<\/td>\n

\n

\n$275<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$268<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

3%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nAdjusted EBITDA Margin1<\/sup><\/p>\n<\/td>\n

\n

\n7.9%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n7.7%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

+20 bps<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nAdjusted Diluted Earnings Per Share (EPS)1<\/sup><\/p>\n<\/td>\n

\n

\n$0.60<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$0.53<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

13%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nFree Cash Flow1<\/sup><\/p>\n<\/td>\n

\n

\n$220<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$53<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

315%<\/i><\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n
\n

\n1 \u2013 Non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance with GAAP. Management believes that these non-GAAP measures provide another measure of Amentum\u2019s results of operations and financial condition, including its ability to comply with financial covenants. See Unaudited Non-GAAP Financial Measures at the end of this press release for more information and a reconciliation of our selected reported results to these non-GAAP measures.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

GAAP Results<\/span><\/p>\n

\nRevenues of $3,478 million were consistent year-over-year driven by the ramp-up of new contract awards in high demand areas including critical digital infrastructure and space systems and technologies; partially offset by an approximately 3% impact due to contract transitions from consolidated to unconsolidated joint ventures and divestitures. Operating income increased as a result of strong operational performance and decreased intangible amortization expense. Net income and diluted earnings per share improved year-over-year, supported by higher operating income and lower interest expense due to debt repayments.<\/p>\n

Non-GAAP Results<\/span><\/p>\n

\nAdjusted EBITDA of $275 million reflects Adjusted EBITDA Margins of 7.9%, up from 7.7% in the prior year quarter, driven by continued progress on our margin expansion initiatives and strong operational performance. Adjusted Net Income and Adjusted Diluted Earnings Per Share increased primarily as a result of the strong operational performance and lower interest expense.<\/p>\n

Non-GAAP Segment Results<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Three Months Ended<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

(in millions)<\/i><\/p>\n<\/td>\n

\n

April 3, 2026<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

March 28, 2025<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

% Change<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nRevenues<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nDigital Solutions<\/p>\n<\/td>\n

\n

\n$1,468<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$1,340<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

10%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nGlobal Engineering Solutions<\/p>\n<\/td>\n

\n

\n2,010<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n2,151<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

(7%)<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal Revenues<\/p>\n<\/td>\n

\n

\n$3,478<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$3,491<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\u2014%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nAdjusted EBITDA1<\/sup><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nDigital Solutions<\/p>\n<\/td>\n

\n

\n$105<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$107<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

(2)%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nGlobal Engineering Solutions<\/p>\n<\/td>\n

\n

\n170<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n161<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

6%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal Adjusted EBITDA<\/p>\n<\/td>\n

\n

\n$275<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$268<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

3%<\/i><\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n
\n

\n1 \u2013 Non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance with GAAP. Management believes that these non-GAAP measures provide another measure of Amentum\u2019s results of operations and financial condition, including its ability to comply with financial covenants. See Unaudited Non-GAAP Financial Measures at the end of this press release for more information and a reconciliation of our selected reported results to these non-GAAP measures.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nDigital Solutions revenues increased 10% year-over-year driven by the ramp-up of new contract awards in our critical digital infrastructure and space systems and technologies accelerating growth markets, partially offset by the fiscal year 2025 divestiture of Rapid Solutions. Adjusted EBITDA decreased 2% year-over-year due to the divestiture and higher net program write-ups in the prior year quarter, partially offset by the increased revenue volume.<\/p>\n

\nGlobal Engineering Solutions revenues decreased 7% year-over-year due to contract transitions from consolidated to unconsolidated joint ventures, a fiscal year 2025 divestiture, and the expected ramp-down of other historical programs; partially offset by the ramp up of new contract awards. Adjusted EBITDA increased 6% year-over-year as a result of continued progress on our margin expansion initiatives.<\/p>\n

Cash Flow Summary<\/span><\/p>\n

\nIn the second quarter, Amentum generated $225 million of net cash from operating activities and used $18 million and $24 million in investing and financing activities, respectively. Net cash provided by operating activities was driven by strong cash earnings, disciplined working capital management, and benefited from one less pay cycle compared to the prior year quarter. Net cash used in investing activities included $3 million in net contributions to equity method investments, $5 million in capital expenditures, and $8 million in working capital settlements for prior year divestitures. Net cash used in financing activities consisted primarily of $10 million in principal payments on our Term Loan and $12 million of distributions to non-controlling interests. As of April 3, 2026, Amentum had $428 million in cash and cash equivalents and $4 billion of gross debt.<\/p>\n

\nOn April 24, 2026, we completed an amendment to our credit agreement enhancing our capital structure. The transaction included a new $1.4 billion Term Loan A, with proceeds used to reduce outstanding borrowings and refinance our existing Term Loan B. In addition, we increased our revolving credit facility to $1.0 billion. The amendment also repriced our debt, lowering our weighted average cost of debt and annual interest expense. Collectively, these actions strengthen our liquidity, improve financial flexibility, and support the path to our target leverage profile.<\/p>\n

Backlog and Contract Awards<\/span><\/b><\/p>\n

\nAs of April 3, 2026, the Company had total backlog of $47.8 billion, compared with $44.8 billion as of March 28, 2025, an annual increase of 7% driven by $17.2 billion in net bookings and 1.2x book-to-bill. Funded backlog as of April 3, 2026 was $6.9 billion.<\/p>\n

Notable Q2 Fiscal Year 2026 Highlights<\/span><\/p>\n