Fortrea Q3 revenue beats expectations on bookings momentum, guidance raised
FTRE•Fortrea reported Q3 revenue of $691.5 million, down year over year but above the $669.95 million consensus, and adjusted EBITDA of $58 million, also beating expectations. It raised the midpoint of its 2026 revenue guidance to $2.665 billion–$2.690 billion and adjusted EBITDA guidance to $210 million–$218 million.
1. Quarterly results
Fortrea's Q3 revenue was $691.5 million, compared with analyst expectations of $669.95 million, while adjusted EBITDA was $58 million versus a $52.08 million consensus. Net income was $600,000, and pretax profit was a loss of $3.6 million.
2. Raised 2026 guidance
The company raised the midpoint of its 2026 revenue guidance to $2.665 billion–$2.690 billion and its adjusted EBITDA forecast to $210 million–$218 million, while narrowing both guidance ranges. Fortrea said stronger commercial execution, sustained bookings momentum, operational improvements and financial discipline supported progress on its return-to-growth strategy.
