Maximus Raises FY26 EPS Guidance to $8.25–$8.55, Launches $400M Buyback
Maximus lifted its full-year 2026 adjusted EPS outlook to $8.25–$8.55 from $8.05–$8.35 while keeping its revenue forecast at $5.20–$5.35 billion. The board approved a $400 million share buyback program and declared a $0.33 quarterly dividend.
1. Q2 Earnings Beat Estimates
Maximus reported second-quarter adjusted EPS of $2.07 per share, topping the $1.98 consensus estimate and rising from $2.01 a year earlier. This performance underpinned the confidence behind the upward guidance revision.
2. FY26 Guidance Revision
The company now forecasts full-year adjusted earnings of $8.25 to $8.55 per share, up from $8.05 to $8.35, while maintaining revenue expectations of $5.20 to $5.35 billion. The unchanged sales outlook reflects stable demand across core service contracts.
3. $400 Million Share Repurchase Program
The board authorized a new repurchase authorization of up to $400 million of common stock, effective May 11, 2026. This program underscores management’s commitment to returning capital to shareholders and optimizing the capital structure.
4. Quarterly Dividend Declared
A quarterly cash dividend of $0.33 per share was declared, payable June 1 to holders of record on May 15. This marks the company’s continued focus on delivering consistent shareholder returns.