Amentum Holdings, Inc. Q1 2026 Earnings Recap

Amentum delivered a solid Q1 FY2026 performance, with revenue reaching $3.2 billion and adjusted EBITDA of $263 million, demonstrating resilience despite external challenges. The company's strategic focus on nuclear energy, space, and digital infrastructure continues to drive robust bookings and backlog growth.

Key Takeaways

• Revenue grew by 3% year-over-year, with adjusted diluted EPS increasing 6% to $0.54.
• Net bookings totaled $3.3 billion, maintaining a book-to-bill ratio of 1.1x over the last 12 months, contributing to a $47 billion backlog, up 4%.
• Significant contract wins include a $730 million agreement with EDF Nuclear Power and a $207 million contract in the Netherlands for energy development.
• Strong demand signals were noted in the nuclear energy sector, with nearly $1 billion awarded in Q1, highlighting Amentum's strategic positioning.
• The company is advancing in digital and unmanned sustainment solutions, securing important contracts and enhancing its service portfolio.