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Amentum Reports First Quarter Fiscal Year 2026 Results and Reaffirms Full Year Guidance
CHANTILLY, Va.--(BUSINESS WIRE)--Amentum Holdings, Inc. (“Amentum” or the “Company”) (NYSE: AMTM), a leading advanced engineering and technology company, today
About this update from Amentum Holdings, Inc.
[{"type":"text","content":" CHANTILLY, Va.--(BUSINESS WIRE)--Amentum Holdings, Inc. (“Amentum” or the “Company”) (NYSE: AMTM), a leading advanced engineering and technology company, today announced results for the first quarter ended January 2, 2026, and reaffirmed its outlook for fiscal year 2026.“Amentum’s first-quarter results reflect solid operational performance and continued progress on our strategic objectives.”Share “Amentum’s first-quarter results reflect solid operational performance and continued progress on our strategic objectives,” said Amentum Chief Executive Officer John Heller. “Robust bookings across our accelerating growth markets reinforce the strength of our strategy that focuses on the high-demand mission areas of global nuclear energy, space systems and technologies, and critical digital infrastructure. As a result, we remain well positioned to deliver on our fiscal year 2026 targets.” Summary Operating Results Three Months Ended (in millions, except per share data) January 2, 2026 December 27, 2024 % Change GAAP Measures: Revenues $ 3,237 $ 3,416 (5 %) Operating income $ 138 $ 132 5 % Net income $ 44 $ 12 267 % Diluted earnings per share $ 0.18 $ 0.05 260 % Non-GAAP Measures1: Adjusted EBITDA1 $ 263 $ 262 — % Adjusted EBITDA Margin1 8.1 % 7.7 % +40 bps Adjusted Diluted Earnings Per Share (EPS)1 $ 0.54 $ 0.51 6 % Free Cash Flow1 ($ 142 ) $ 102 NM Expand 1 – Non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance with GAAP. Management believes that these non-GAAP measures provide another measure of Amentum’s results of operations and financial condition, including its ability to comply with financial covenants. See Unaudited Non-GAAP Financial Measures at the end of this press release for more information and a reconciliation of our selected reported results to these non-GAAP measures. Expand GAAP Results Revenues of $3.24 billion declined 5% year-over-year, reflecting an a...