Revenue: As of FY2026 Q2, the actual value is USD 4.329 B, beating the estimate of USD 3.863 B.

EPS: As of FY2026 Q2, the actual value is USD 0.81, beating the estimate of USD 0.7457.

EBIT: As of FY2026 Q2, the actual value is USD 135 M.

Second Quarter 2026 Financial Highlights

Fluor Corporation reported GAAP net earnings attributable to Fluor Corporation of $114 million and adjusted EBITDA of $149 million. Consolidated segment profit stood at $170 million. Cash and marketable securities at quarter-end amounted to $3.0 billion. G&A expenses were $41 million. Operating cash flow was - $317 million, which included a $357 million tax payment related to NuScale monetization. Fluor Corporation secured strong new awards totaling $6.1 billion, significantly up from $1.8 billion in the prior-year period, with 89% being reimbursable. The ending backlog was $26.9 billion, 85% reimbursable, and the legacy project backlog was reduced to $119 million.

Segment Revenue and Profit (Three Months Ended June 30, 2026 vs. 2025)

• Urban Solutions: Segment profit rose to $38 million (1.3% margin) from $29 million (1.4% margin), reflecting increased execution levels on mining and metals projects, partially offset by $44 million in cost growth for the Gordie Howe International Bridge project. New awards totaled $3,172 million, compared with $856 million in the prior-year period. Ending backlog was $19,439 million, down from $20,576 million a year ago.
• Energy Solutions: Segment profit significantly increased to $88 million (12.4% margin) from $15 million (1.3% margin), primarily due to favorable close-out items on certain projects, including the former Mexico JV. New awards were $704 million, up from $549 million in the second quarter of 2025. Ending backlog was $3,461 million, compared with $5,583 million a year ago.
• Mission Solutions: Segment profit grew to $44 million (6.1% margin) from $35 million (4.6% margin), reflecting improved award fee performance within the DOE portfolio. New awards increased to $2,227 million from $363 million in the second quarter of 2025. Ending backlog was $3,991 million, up from $2,046 million a year ago.

Cash Flow (Six Months Ended June 30, 2026 vs. 2025)

• Operating Cash Flow: - $207 million for the six months ended June 30, 2026, compared to - $307 million in the prior year, which includes $357 million for income taxes associated with NuScale share sales in 2026.
• Investing Cash Flow: $1,783 million, significantly up from - $61 million in the prior year, primarily driven by $1,831 million in proceeds from the sale of NuScale shares.
• Financing Cash Flow: - $766 million, compared to - $341 million in the prior year, largely due to $816 million in repurchase of common stock.
• Cash and Cash Equivalents at End of Period: $2,923 million, an increase from $2,172 million in the prior year.

Outlook

Fluor Corporation is narrowing its 2026 adjusted EBITDA guidance from $525 – $560 million to $500 – $525 million, which excludes the previously estimated second-half contribution from the Mexico JV. The company is not providing forward-looking guidance for U.S. GAAP net earnings or U.S. GAAP earnings per share due to the inability to predict all components with reasonable certainty.