Fortrea

Q2 FY2026 EarningsQ2 FY26 revenue reached $678.2M, down 4.5% YoY, but showing operational recovery. GAAP net loss significantly narrowed to $(13.2)M from $(374.9)M YoY, as the prior year was impacted by massive goodwill impairment. Adjusted EBITDA rose to $58.7M with a 1.06x book-to-bill ratio, marking the fourth consecutive quarter above 1.0x. Full-year FY26 guidance was increased to $2.62B-$2.69B in revenue, reflecting improved commercial execution.