Booz Allen Hamilton's preliminary Q2 revenue slightly misses estimates
BAH•Booz Allen Hamilton reported preliminary fiscal Q2 revenue of $2.8 billion, slightly below the $2.81 billion consensus, and adjusted EPS of $1.76. It narrowed FY27 revenue guidance to $11.3 billion-$11.6 billion and raised its adjusted EPS outlook to $6.50-$6.70.
1. Quarterly results
Preliminary fiscal Q2 revenue was $2.8 billion, slightly below analyst expectations of $2.81 billion. Adjusted EPS was $1.76. Civil and Commercial revenue fell to $702 million from $827 million, while National Security revenue rose to $2.08 billion from $2.06 billion.
2. Updated outlook
Booz Allen narrowed FY27 revenue guidance to $11.3 billion-$11.6 billion, from $11.2 billion-$11.7 billion. It raised the lower end of its adjusted EBITDA guidance to $1.260 billion, keeping the top end at $1.290 billion, and increased adjusted diluted EPS guidance to $6.50-$6.70 from $6.00-$6.35.
3. Backlog and income
Q2 book-to-bill was 1.5 times, and total backlog reached $40.93 billion, up from $40.19 billion a year earlier. Net income rose despite lower operating income as income-tax expense fell to $18 million from $58 million; other income was $6 million versus a $2 million expense.
