Tetra Tech delivered a strong first quarter in fiscal year 2026, with total revenue reaching $1.21 billion and net revenue of $1.04 billion. The company reported an operating income of $141 million and adjusted EBITDA of $147 million, with adjusted EBITDA margin up 140 basis points year-over-year. EPS was $0.40 and adjusted EPS was $0.35. The company also announced two strategic acquisitions and raised its full-year fiscal 2026 guidance for net revenue and adjusted EPS.
Revenue reached $1.21 billion, with net revenue at $1.04 billion, reflecting an 8% increase excluding USAID/DOS and Q1-25 Hurricanes.
Operating income was $141 million and adjusted EBITDA was $147 million, with the adjusted EBITDA margin improving by 140 basis points year-over-year.
EPS was $0.40 and adjusted EPS was $0.35, with adjusted EPS up 17% year-over-year (excluding USAID/DOS).
The company completed two strategic acquisitions (Halvik and Providence) and secured significant contracts, including a $151 billion ten-year multiple award contract for the U.S. Missile Defense Agency SHIELD program.
Tetra Tech is increasing its full-year fiscal 2026 guidance for net revenue to a range of $4.15 billion to $4.30 billion and adjusted EPS to a range of $1.46 to $1.56. For the second quarter of fiscal 2026, net revenue is expected to range from $975 million to $1.025 billion and EPS from $0.30 to $0.33.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance