AECOM (NYSE: ACM) reported Q2 EPS of $1.59, $0.04 better than the analyst estimate of $1.55. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $1.94 billion.

GUIDANCE:

AECOM sees FY2026 EPS of $5.90-$6.10, versus the consensus of $5.94.

Adjusted2 EBITDA5 of between $1,275 million and $1,305 million, as compared to $1,270 million and $1,305 million previously, which now represents 7% year-over-year growth at the mid-point of the range.
Reiterated organic NSR1 growth range of between 6% and 8%, which excludes the expected approximately 200 basis point impact of fewer working days in fiscal 2026.
A segment adjusted operating margin3 of 16.8% and an adjusted EBITDA margin4 of 17.0%.
Free cash flow8 of approximately $400 million.
An average fully diluted share count of 130 million, which does not include any potential future benefits from capital allocation actions not yet taken, including potential repurchases.
An adjusted effective tax rate of approximately 20 – 22%.

In addition, the Company reaffirmed its long-term financial targets, which includes its expectation to deliver a 20%+ margin exit rate by fiscal 2028 and to grow adjusted2 EPS at a 15%+ CAGR from fiscal 2026 to fiscal 2029.
See the Regulation G Information tables at the end of this release for a reconciliation of non-GAAP measures to the most directly comparable GAAP measures.

For earnings history and earnings-related data on AECOM (ACM) click here.