Amentum Q3 FY2026 Results: Adj. EPS Beats at $0.67, Backlog Surges to $48.2 Billion
Amentum Holdings (NYSE: AMTM) reported Q3 FY2026 adjusted diluted EPS of $0.67, above the $0.61 consensus, while revenue was $3.49B, below the $3.57B estimate. Net income rose to $66M and free cash flow reached $135M. Backlog increased to $48.2B. The company raised FY2026 adjusted EBITDA and adjusted EPS guidance but trimmed revenue outlook.
How this was made
The 30-second read
Why it matters
The key tradable update is the combination of a Q3 adjusted EPS beat, a revenue miss, and an FY2026 guidance update that raises Adjusted EBITDA and EPS while revising revenue outlook lower versus consensus.
Market read
Traders can reassess forward expectations using the updated FY2026 Adjusted EBITDA and Adjusted EPS ranges, while monitoring the revenue guidance shortfall versus consensus.
What to watch
Backlog rose to $48.2B with net bookings and book-to-bill >1, which may offset revenue caution if conversion timing improves; also free cash flow strength may support valuation despite top-line softness.
Background
Amentum is an advanced engineering and technology services provider with two segments: Digital Solutions and Global Engineering Solutions.
Ticker impact
Amentum reported Q3 FY2026 adjusted EPS of $0.67 (beat) and raised FY2026 Adjusted EBITDA and EPS guidance despite revenue missing estimates.
Likely two-sided reaction: upside from EPS/EBITDA guide raise, offset by revenue range cut versus consensus.
The article provides both the beat (EPS) and the updated FY2026 ranges, including revenue guidance below analyst consensus, which typically drives mixed positioning into the next earnings window.
Market effects
Defense and advanced engineering services investors may reprice near-term revenue visibility versus margin resilience.
Primarily US-listed defense services sentiment; limited direct regional spillover described.
Backlog and nuclear/space-related contract wins can influence broader government-services procurement expectations.
Counterpoint
The revenue miss and lower sales guidance could dominate the narrative even with EPS/EBITDA raises, implying margin may not be repeatable if contract transitions slow.
Key entities
- public_companyAmentum Holdings, Inc.
Reported Q3 FY2026 results and updated FY2026 guidance, including adjusted EPS and revenue ranges.
- government_agencyNASA
Mentioned as a customer via the COSMOS contract and CMOE II IDIQ contract.
- customer_categoryU.S. defense and allied military operations
Mentioned as a source of over $1B in classified defense engineering, logistics, and modernization awards.
