Endava (DAVA) Q1 2026 Earnings Call Transcript

Endava (NYSE:DAVA) shares dropped 10% after-hours Monday as CFO Mark Thurston was placed on leave due to an accounting investigation. The probe, led by independent counsel, focuses on customer and supplier agreements. Conor McShane of AlixPartners LLP is interim CFO. The company plans to release Q4 and full-year 2026 results by November 2, 2026.

Endava (NYSE:DAVA) reported FQ3 2026 revenue of £178.5 million, down 8.4% year over year, citing uneven demand and longer deal cycles. The company recorded a £364.6 million goodwill impairment and related tax charges, resulting in a diluted loss per share of £7.55. For FQ4, it expects revenue of £181.0–£185.0 million and adjusted diluted EPS of £0.09–£0.13.

Georgia Power and Google agreed to a deal, pending approval, to increase nuclear capacity at Plants Vogtle and Hatch. Google's subscription is expected to provide $900M in customer benefits. The agreement includes a new tariff structure and uprates for the plants, aiming to boost clean energy and reduce costs. Georgia Power, a subsidiary of Southern Company (SO), announced the deal.

BTIG raised its price target for Adeptus Biotechnologies (ADPT) to $34 from $25, citing updated cancer guidelines that feature its clonoSEQ assay. The stock has gained 109% over the past year. Adaptive Biotechnologies reported Q2 revenue of $71.6M, up 22% YoY, but missed earnings estimates. Guggenheim and BTIG also raised their price targets for Adaptive Biotechnologies.

Lockheed Martin (LMT) secured a $1.2B contract from the US Army for the Increment 2 variant of the Precision Strike Missile (PrSM). The contract follows a successful flight test and comes as Lockheed increases production capacity to 550 missiles annually, per the company.

Wabtec (NYSE: WAB) signed a $700M+ services agreement with La Compagnie du TransGuinéen (CTG) for locomotive fleet support in Guinea's Simandou mining project. The total value exceeds $1.2B, including 2024 locomotive orders. The deal covers maintenance, training, and localization efforts, aiming to boost railway efficiency and economic growth in Guinea.