Amentum reported second-quarter 2026 revenue of $3.5 billion, matching analyst expectations. Adjusted earnings per share reached $0.60. GAAP earnings per share of $0.22 missed market estimates.
The company reaffirmed its full-year 2026 revenue guidance of $13.95 billion to $14.30 billion. Projected free cash flow for the year remains between $525 million and $575 million.
Total backlog reached a record $47.8 billion with a book-to-bill ratio of 1.2x. Management highlighted expansion opportunities in national security, nuclear energy, and digital infrastructure.
Amentum issued a new $1.4 billion Term Loan A to refinance existing debt. The refinancing is intended to reduce interest expenses and optimize the capital structure.