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MCLEAN, Virginia - On Friday, Booz Allen Hamilton Holding Corporation (NYSE:BAH) reported first-quarter fiscal 2026 earnings that exceeded analyst expectations, despite a slight revenue decline.
The advanced technology company saw its shares surge 4.24% in pre-market trading after the earnings results.
The McLean, Virginia-based firm posted adjusted earnings per share of $1.48 for the quarter ended June 30, beating the analyst consensus of $1.46. This represented a 7.2% increase from $1.38 in the same period last year. Revenue came in at $2.92 billion, slightly below the consensus estimate of $2.97 billion and down 0.6% YoY.
Despite the revenue dip, Booz Allen’s adjusted EBITDA rose 3% to $311 million, with adjusted EBITDA margin expanding 30 basis points to 10.6%. The company also reported a strong quarterly book-to-bill ratio of 1.42x and record first-quarter backlog of $38 billion, up 10.7% from the previous year.
"Our first quarter delivered as expected. Booz Allen is winning work that enables us to bring tech into the administration’s mission priorities," said Horacio Rozanski, Booz Allen Chairman, CEO and President. "We are accelerating our investments and partnerships across the tech ecosystem to continue delivering for our nation."
The company maintained its full-year fiscal 2026 guidance, projecting revenue of $12-12.5 billion and adjusted earnings per share of $6.20-$6.55, in line with analyst expectations of $12.25 billion and $6.41, respectively.
Booz Allen also highlighted a $200 million anticipated federal cash tax benefit for fiscal 2026 from new S174 rules and reported free cash flow of $96 million, a significant improvement from $20 million in the prior year. During the quarter, the company repurchased 1.1% of its outstanding shares as part of its capital deployment strategy.
The company will pay a regular quarterly dividend of $0.55 per share on August 29, 2025, to stockholders of record on August 14, 2025.
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