Amentum

Q3 FY2026 EarningsQ3 FY26 results were mixed, with a top-line miss but stronger-than-expected operating efficiency. Revenue of $3.49B fell short of the $3.57B consensus (-2.3% variance), primarily due to contract transitions to unconsolidated joint ventures. Despite this, Operating Income (EBIT) of $172M beat expectations by 1.5% as SG&A synergies from the CMS merger offset gross margin pressure. However, Diluted EPS of $0.27 missed the $0.32 consensus significantly, weighed down by a higher-than-expected effective tax rate (29.8%) and a $16M loss on debt extinguishment.