CRA International Q3 revenue beats estimates on broad-based growth
CRAI•CRA International's third-quarter revenue rose 15.6% year over year to $214.9 million, beating the $201.96 million estimate, while adjusted EPS of $2.19 topped expectations. The company raised its 2026 revenue guidance to $830 million-$840 million and increased its quarterly dividend by 17.5%.
1. Revenue and earnings growth
CRA International reported third-quarter revenue of $214.9 million, up 15.6% year over year and above the $201.96 million analyst estimate. Adjusted EPS was $2.19, compared with the $2.07 estimate.
2. Broad-based gains
The company said growth across seven practices drove results, including double-digit gains in Forensic Services, Life Sciences, and Risk, Investigations & Analytics, and a record in Antitrust & Competition Economics. Revenue rose 18.0% in North America and 6.2% internationally. Consultant utilization was 78%, and consultant headcount increased 6.2% year over year.
3. Raised 2026 guidance
CRA raised its full-year 2026 revenue guidance to $830 million-$840 million from $805 million-$820 million and expects a non-GAAP EBITDA margin of 12.2%-12.8%. It also raised its quarterly dividend by 17.5% and cited uncertain global macroeconomic, business, and political conditions as potential risks.
