Exponent reports Q3 earnings beat and raises 2026 outlook

Exponent Inc. posted third‑quarter GAAP earnings of $0.64 per share, topping analyst estimates by $0.04, and revenue of $173.7 million, exceeding forecasts by $20.27 million. The company disclosed $171 million of stock repurchases over the past year, cutting diluted shares outstanding by 5%, and paid $14.7 million in dividends during the quarter. Management highlighted 13% revenue growth in its engineering segment, 3% in environmental/health, and said AI‑related work now represents roughly 15%‑20% of the business, while projecting 8%‑10% year‑over‑year revenue growth and a 26.3%‑26.8% EBITDA margin for Q4, and a full‑year 2026 revenue increase of 10%‑11% with an EBITDA margin of 28%‑28.3%.

The earnings beat and raised guidance suggest stronger profitability and growth, which could support the stock price in the near term (the company’s analysts maintain a Buy rating). The higher outlook may also influence investor expectations for dividend sustainability and future share repurchases.

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