Fortrea

Q2 FY2026 EarningsQ2 FY26 results delivered a solid beat across key top and bottom-line metrics, characterized by revenue of $678.2M vs. $647.6M expected and Adjusted Diluted EPS of $0.23 vs. $0.18 expected. Despite a YoY revenue decline, a book-to-bill ratio of 1.06x and disciplined SG&A reductions drove a significantly narrower GAAP net loss of $13.2M compared to consensus expectations of $20.4M. Management raised full-year FY26 revenue and adjusted EBITDA guidance, signaling strong commercial momentum and confidence in operational execution.