--- title: "Tetra Tech | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.22 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/284688807.md" datetime: "2026-04-30T03:53:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284688807.md) - [en](https://longbridge.com/en/news/284688807.md) - [zh-HK](https://longbridge.com/zh-HK/news/284688807.md) --- # Tetra Tech | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.22 B Revenue: As of FY2026 Q2, the actual value is USD 1.22 B, beating the estimate of USD 1.005 B. EPS: As of FY2026 Q2, the actual value is USD 0.36, beating the estimate of USD 0.3233. EBIT: As of FY2026 Q2, the actual value is USD 136.17 M. ### Second Quarter Fiscal Year 2026 Financial Highlights #### Revenue and Profitability Tetra Tech, Inc. reported total revenue of $1.22 billion and net revenue of $1.05 billion for the second quarter ended March 29, 2026. Net revenue, excluding USAID/DOS and disasters, increased by 8% year-over-year. Operating income for the quarter was $132 million, while EBITDA stood at $146 million. The EBITDA margin improved by 90 basis points year-over-year. Gross profit was $214,091 thousand. Selling, general and administrative expenses were - $82,626 thousand. Interest expense, net, was - $8,838 thousand, and income tax expense was - $33,538 thousand. Net income attributable to Tetra Tech, Inc. was $93,623 thousand. #### Cash Flow and Liquidity Cash from operations reached $165 million in the second quarter and $688 million over the trailing twelve months, resulting in a Days Sales Outstanding (DSO) of 58 days. For the six months ended March 29, 2026, net cash provided by operating activities was $237,611 thousand. Net cash used in investing activities was - $144,881 thousand, and net cash used in financing activities was - $39,517 thousand. Cash and cash equivalents at the end of the period were $223,612 thousand. The company has returned $100 million through its stock buyback program year-to-date and deleveraged its net debt by more than 25% from the previous year. #### Backlog and Key Wins Backlog at the end of the second quarter was $4.28 billion, marking an 8% sequential increase. Recent key contract wins included a $400 million multiple-award contract for consulting and engineering services for USACE Huntsville District, a $100 million multiple-award contract for environmental services for the U.S. Air Force, and a $99 million single-award contract for engineering and technical consulting services for the U.S. Navy. Other significant wins included a $49 million multiple-award contract for USACE Portland District, a £18 million single-award contract for Northern Ireland Water, and a $14 million task order contract for the Defense Logistics Agency. The company also secured Netherlands Water framework contracts and a Port of Los Angeles master services agreement for environmental engineering services, alongside a United Utilities contract for its WaterNet™ SaaS solution. #### Quarterly Dividend and Share Repurchase Program Tetra Tech, Inc.’s Board of Directors approved a quarterly dividend of $0.072 per share, an 11% increase year-over-year, payable on June 2, 2026. In the second quarter of fiscal 2026, the company repurchased $50 million of common stock, with $498 million remaining under its share repurchase program as of March 29, 2026. #### Six-Month Results For the six-month period, revenue totaled $2.43 billion and net revenue was $2.09 billion, representing an 8% year-over-year increase in net revenue excluding USAID/DOS and disasters. Operating income for this period was $273 million, and cash flow from operations was $238 million. #### Segment Net Revenue (Six Months Ended March 29, 2026) - **Government Services Group (GSG) Segment Net Revenue:** $890.6 million. - **Commercial/International Services Group (CIG) Segment Net Revenue:** $1,196.2 million. ### Business Outlook For fiscal year 2026, Tetra Tech, Inc. has raised its full-year guidance, expecting net revenue to range from $4.25 billion to $4.40 billion and adjusted EPS to be between $1.50 and $1.58. For the third quarter of fiscal 2026, the company anticipates net revenue to range from $1.05 billion to $1.10 billion and EPS to be between $0.38 and $0.41. ### Related Stocks - [TTEK.US](https://longbridge.com/en/quote/TTEK.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Copart Reports Third Quarter Fiscal 2026 Financial Results | CPRT Stock News](https://longbridge.com/en/news/287267665.md) - [Endeavour Announces Results of Annual General Meeting 2026 | EDVMF Stock News](https://longbridge.com/en/news/287245296.md)