Amentum Posts $3.49B in Q3 2026 Revenue, $48.2B Backlog
Amentum reported fiscal Q3 2026 revenue of $3.49B, net income of $66M, operating income of $172M, and free cash flow of $135M. Backlog rose to $48.2B, with $17.7B bookings over 12 months. FY2026 guidance was narrowed: revenue $13.8B-$13.95B, adjusted EBITDA $1.115B-$1.14B, adjusted EPS $2.40-$2.50.
How this was made
The 30-second read
Why it matters
The combination of higher profitability, stronger free cash flow, and raised adjusted EBITDA and EPS guidance is likely to drive upward earnings expectations, while the NASA workforce directive introduces a measurable FY2027 revenue headwind.
Market read
Traders can update AMTM positioning based on the newly raised FY2026 adjusted EBITDA and EPS ranges, plus the disclosed backlog and bookings metrics that support demand visibility.
What to watch
The article notes affected contracts are margin-dilutive, implying EBITDA sensitivity may be smaller than revenue sensitivity, but execution risk and contract transition timing could still affect quarterly phasing.
Background
Amentum, a Chantilly, Virginia-based government services contractor, reported Q3 FY2026 results and updated FY2026 outlook, citing backlog growth and nuclear energy business development wins.
Ticker impact
Amentum reported $3.49B Q3 FY2026 revenue, $48.2B backlog, and raised FY2026 guidance for adjusted EBITDA and EPS.
Likely positive bias for AMTM shares as raised FY2026 targets and improving cash generation can re-rate near-term expectations.
The article discloses multiple primary datapoints (revenue, net income, FCF, backlog, and narrowed/raised guidance) that typically drive earnings revisions and sentiment, though it also flags near-term revenue outlook dynamics and a NASA directive that shifts work back to the agency.
Market effects
Reinforces demand visibility for defense and government services contractors via large backlog and nuclear-technology work.
Limited direct regional read-through beyond continued federal contracting strength in the US government-services ecosystem.
Modest, as the disclosed drivers are primarily US defense and NASA-related programs.
Counterpoint
Raised guidance may be partially offset by near-term revenue outlook dynamics and the NASA workforce directive that reduces contractor revenue by 3% in FY2027.
Key entities
- companyAmentum
Reported Q3 FY2026 revenue of $3.49B, net income of $66M, free cash flow of $135M, backlog of $48.2B, and raised FY2026 guidance.
- government_agencyNASA
Disclosed workforce directive expected to shift some contractor engineering/scientific work back to the agency, impacting FY2027 revenue by 3%.
- executiveJohn Heller
Amentum CEO who attributed guidance increases to strong year-to-date performance and robust business development indicators.
