$TTEK

United States / Commercial Services / NasdaqGS:TTEK Tetra Tech (TTEK) Stock Slides As Raised Outlook Meets Profit Quality Doubts July 30, 2026 Tetra Tech entered this earnings day with the stock up over the past month, then saw nearly 4% wiped off in a single session. That is a sharp move for a consulting and engineering group that investors often treat as a steady compounder in water and environmental services. The headline is very different from the share price.

Tetra Tech (NASDAQ:TTEK) reported Q2 CY2026 revenue of $1.31 billion, up 13.5% year on year, exceeding analysts’ estimates by 21.5%, according to the company. GAAP EPS was $0.42, 6.3% above consensus. The firm guided next-quarter revenue to about $1.15 billion and said it expects a slight sales decline. The stock was about $33.70 after the report.

TETRA TECH INC (TTEK) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 tm2621536d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 NEWS RELEASE July 29, 2026 Tetra Tech Reports Strong Third Quarter 2026 Results · Revenue $1.31 billion; Net Revenue $1.11 billion · Operating Income $158 million; EBITDA $173 million · EPS $0.42 · Backlog $4.49 billion,

Tetra Tech (NASDAQ: TTEK) reported third-quarter 2026 revenue of $1.31B and net revenue of $1.11B, with operating income of $158M, EBITDA of $173M, and EPS of $0.42. Backlog rose to $4.49B. The company increased FY26 adjusted EPS guidance to $1.56 to $1.59 and raised its dividend to $0.072/share.

Orange County engineering firms’ 2025 local billings fell 3% year over year to $1.3 billion, though 11 of 21 offices reported growth. Salas O’Brien rose 49% to $35.4 million, while Aecom fell 38% to $131.5 million and Verdantas fell 18% to $16 million. Companywide billings edged up 1% to $60.4 billion, according to the Business Journal.

Tetra Tech (NASDAQ: TTEK) said the U.S. EPA Office of Water’s Standards and Health Protection Division awarded it a $25 million, five-year single-award contract for technical services on water quality and ecological monitoring. The work includes risk assessments, data analytics, economic analysis, and monitoring of contaminants and pathogens to support prevention and remediation, according to the company.

After ISM reported its Services PMI at 54 (down 0.5 points from May but above 50 for 24 straight months), several stocks rose in afternoon trading. TaskUs (TASK), Amentum (AMTM), Napco (NSSC) and Tetra Tech (TTEK) gained 3.6%–4.5%. For Tetra Tech, revenue was $1.23B and EPS $0.48 in its latest quarter; fiscal-year EPS guidance was $1.48 midpoint.

Tetra Tech (NASDAQ:TTEK) said the U.S. Army Corps of Engineers Mobile District selected it for a $49M, 5-year multiple-award contract for architect-engineer design and technical services for inland/coastal navigation and water resources projects. The company also reported a contract with California’s Encina Wastewater Authority for CLEAR OT/network solutions and work with Scotland Excel.

Broader Indian markets fell sharply on Wednesday amid persistent FII selling, a weaker rupee and other factors, with Nifty Midcap 100 down 1.6% and Nifty Smallcap 100 down 1.4% by 12.20 pm. Coforge and Persistent Systems dropped over 6% each; Physicswallah fell nearly 6% and is down 18% in a week. Analyst VK Vijayakumar cited Brent near $97, rupee at 95.26, and concerns over current account deficit and FPI outflows.

Baird has reiterated its Hold rating on Tetra Tech Inc (TTEK.US) but has reduced its target price to $34. This indicates a maintained neutral outlook with a lowered valuation expectation for the company.