Amentum Holdings, Inc. · NYSE:AMTM
Amentum — Q2 2026 Earnings Presentation
17 slides from Amentum's earnings presentation, May 12, 2026
Slide 1: Earnings Conference Call
Earnings Conference Call Second Quarter Fiscal Year 2026 May 12, 2026 Advancing the future together A M E N T U M P R O P R I E T A R Y The appearance of U.S. Department of Defense (DOD) visual information does not imply or constitute DOD endorsement.
Slide 2: Forward Looking Statements and Disclaimers
Forward Looking Statements and Disclaimers Cautionary Note Regarding Forward Looking Statements This presentation contains or incorporates by reference statements that relate to future events and expectations and, as such, could be interpreted to be “forward-looking statements” as that term is defin
Slide 3: Key Highlights and Takeaways
Key Highlights and Takeaways 1 Consistent performance highlighted by underlying growth across all key metrics Q2 FY26 Performance Revenue $3.5B 2 Continued business development momentum – 1.2x book-to-bill with strategic wins across core and accelerating global growth markets Adjusted EBITDA1 $275M
Slide 4: Continued Growth Momentum with Robust Bookings and Demand Signals
Continued Growth Momentum with Robust Bookings and Demand Signals BACKLOG AND Notable Q2 FY26 Highlights LTM BOOK-TO-BILL ($’s in billions) Great British Energy - Nuclear (GBE-N) Small Modular Reactor Engineering Awarded a $406 million, 14-year contract to an Amentum-led joint venture to deliver eng
Slide 5: Accelerating Growth Markets Leverage the New Amentum for the Future
Accelerating Growth Markets Leverage the New Amentum for the Future A CC ACCELERATING GROWTH MARKETS EL Well-positioned for growth in rapidly expanding market areas C ER OR AT I EG Global Nuclear Energy NG R OW T H A Global Nuclear Energy Space Systems & Technologies Critical Digital Infrastructure
Slide 6: Critical Digital Infrastructure: An AI and Digitally Driven Accelerating Market
Critical Digital Infrastructure: An AI and Digitally Driven Accelerating Market Data Center Power Demand1 Global Mobile Network Data Traffic2 Edge AI Market3 (in Gigawatts) (in Exabyte) ($ in Billions) +29% ~4x CAGR increase CY2025-CY2030E +29% ~4x CAGR increase CY2025-CY2030E +36% ~5xCAGR increase
Slide 7: Enabling Advancement and Connectivity in the New Digital World
Enabling Advancement and Connectivity in the New Digital World Demand Drivers Amentum Growth Areas Total Addressable Market4 $12B in Edge Compute investment through 20281 ~$17B CYBER AND NETWORK DEFENSE Threat Detection | Response & Recovery | Data Security ~$400B in 5G investment through 20302 ~$30
Slide 8: Q2 FY26 Financial Performance
Q2 FY26 Financial Performance REVENUE 1 ADJUSTED EBITDA 1,2 ADJUSTED DILUTED EPS 2 Margin 2 –% +3%3 +3% +13% $3,491 $3,478 $275 $0.60 $3,388 $3,478 $268 $0.53 REPORTED NORMALIZED3 7.7% 7.9% Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 New contract awards Margin expansion Operation
Slide 9: Q2 FY26 Segment Performance
Q2 FY26 Segment Performance Digital Solutions Global Engineering Solutions REVENUE1 ADJUSTED EBITDA1,2 REVENUE1 ADJUSTED EBITDA1,2 Margin2 Margin2 +10% +11%3 -2% -7% -3%3 +6% $1,468 $1,468 $107 $105 $2,151 $1,340 $1,322 $2,010 $2,066 $2,010 $170 $161 REPORTED NORMALIZED3 8.0% 7.2% REPORTED NORMALIZE
Slide 10: Disciplined Execution Driving Strong Cash Flow and Capital Flexibility
Disciplined Execution Driving Strong Cash Flow and Capital Flexibility Q2 FY26 Highlights Post-Refinancing Capital Structure $220 Million Free Cash Flow1 ($ in millions) Rate Maturity Amount • Reflects recovery from Q1 timing impacts and effective $1B Undrawn RCF S+150 2031 - working capital managem
Slide 11: Reaffirming Fiscal Year 2026 Guidance
Reaffirming Fiscal Year 2026 Guidance Key Assumptions ($ in millions, Implied Underlying Guidance Income Statement Assumptions except per share data) Growth1 • Revenue contribution of ~97% from existing / recompete work Revenue $13,950 – $14,300 ~3% and ~3% from new business • Non-GAAP effective tax
Slide 12: Well-Positioned to Drive Long-Term Value for Stakeholders
Well-Positioned to Drive Long-Term Value for Stakeholders Longstanding, Trusted An Industry Leader With Strong Partner of Choice Differentiated Scale Financial Profile Solving our global customers’ Providing robust customer Well-positioned to deliver long- largest, most critical and access, capabili
Slide 13: Appendix
Appendix Advancing the future together A M E N T U M P R O P R I E T A R Y The appearance of U.S. Department of Defense (DOD) visual information does not imply or constitute DOD endorsement.
Slide 14: Appendix: Working Days & Payroll Periods
Appendix: Working Days & Payroll Periods Working Days Per Quarter Q1 Q2 Q3 Q4 FY FY 25 61 62 64 68 255 FY 26 60 63 63 64 250 Payroll Periods Per Quarter1 Q1 Q2 Q3 Q4 FY FY 25 6 7 6 7 26 FY 26 7 6 7 6 26 1 Represents Amentums primary pay cycle. AMENT U M P R OP R IET AR Y. AL L R IGHT S R ES ER VED .
Slide 15: Definitions of Non-GAAP Measures
Definitions of Non-GAAP Measures The presentation and discussion of Adjusted EBITDA, Adjusted EBITDA Margin, Non-GAAP Effective Tax Rate, Adjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, and Net Leverage are not measures of financial performance under Generally Accepted Accounting Principl
Slide 16: Unaudited Non-GAAP Financials Measures Reconciliation
Unaudited Non-GAAP Financials Measures Reconciliation For the Three Months Ended April 3, 2026 ($ in millions, except per share data and margin percentages) Acquisition, Utilization of fair transaction and Amortization of market value Stock-based Non-GAAP As Reported integration costs intangibles ad
Slide 17: Unaudited Non-GAAP Financials Measures Reconciliation
Unaudited Non-GAAP Financials Measures Reconciliation For the Three Months Ended March 28, 2025 ($ in millions, except per share data and margin percentages) Acquisition, Utilization of fair transaction and Amortization of market value Stock-based Non-GAAP As Reported integration costs intangibles a