AECOM Beats Q2 Estimates, Raises FY Guidance

AECOM posted Q2 FY2026 adjusted EPS $1.59, beating consensus $1.55, and revenue $3.8 bn surpassing $1.94 bn estimate.
Full‑year adjusted EPS guidance raised to $5.90‑$6.10 (midpoint $6.00) above analyst consensus $5.94; adjusted EBITDA outlook lifted to $1.275‑$1.305 bn.
Total backlog hit a record $26.2 bn, up 8% YoY, with design business book‑to‑burn ratio 1.2 for 22nd straight quarter.
AECOM returned $155 million to shareholders via share repurchases and dividends, kept net leverage at 1.2× and reaffirmed $400 million free cash flow target.