Booz Allen Hamilton Holding (BAH) Company Report

Booz Allen Hamilton reported Q3 fiscal 2026 EPS of $1.77, exceeding the consensus estimate of $1.26, and posted quarterly revenue of $1.85 billion. The company also provided FY2026 EPS guidance of $5.95–$6.15 and revenue guidance of $11.3B–$11.4B.
The company emphasized strategic priorities in AI, launching an AI-native product called Vellox Reverser and announcing a partnership with Andreessen Horowitz that commits up to $400 million to a venture fund.
Management outlined cost-reduction initiatives expected to save about $150 million annually, supporting strong profitability metrics including a gross margin of 53.1% and an EBITDA margin of 11%.
Booz Allen Hamilton carries a total debt-to-equity ratio of 4.18, with analyst coverage being mixed, leading to a consensus "Hold" rating and a MarketBeat consensus price target near $110.08.

Jan 23, 2026, 6:01 PM

WSJ

Booz Allen Hamilton Reports Q3 2026 Results, Announces CFO Transition, and Strategic Investments

BAH

Earnings

CFO Change

New Projects/Investments

Booz Allen Hamilton reported Q3 fiscal year 2026 gross revenue of $2.6 billion, a 10% decline year-over-year, while adjusted diluted earnings per share (ADEPS) increased 14% year-over-year to $1.77. Adjusted EBITDA reached $285 million, with a 10.9% margin.
Matt Calderone will depart as CFO on February 1st, and Kristine Martin Anderson will assume the role of interim CFO in addition to her Chief Operating Officer duties.
The company implemented significant cost reduction actions, reducing its run rate spend by approximately $150 million, with the full impact anticipated in the next fiscal year. The government shutdown is estimated to have a cumulative impact of about $50 million on revenue and $20 million on profit for the full fiscal year.
Strategic priorities include reducing costs, accelerating outcome-based contracting, and focusing investments on growth vectors such as cyber, national security, partnerships, and AI. A new partnership with Andreessen Horowitz (A16Z) involves a commitment to deploy up to $400 million in their late-stage venture fund.
Capital deployment in the quarter totaled $195 million, including $125 million in share repurchases and $67 million in quarterly dividends. A quarterly dividend of $0.59 per share was approved.

Jan 23, 2026, 1:00 PM

Transcript

Booz Allen Hamilton Reports Q3 2026 Results and Updates FY26 Guidance

BAH

Earnings

Guidance Update

CFO Change

Booz Allen Hamilton reported Q3 2026 gross revenue of $2.6 billion, a roughly 10% decline year-over-year, and adjusted diluted EPS of $1.77 per share, an increase of 14% year-over-year.
For fiscal year 2026, the company narrowed its revenue guidance to $11.3 billion to $11.4 billion and adjusted EBITDA to $1.195 billion to $1.215 billion, while raising adjusted EPS guidance to $5.95 to $6.15 per share.
Kristine Martin Anderson has been appointed interim CFO following the departure of Matt.
The company implemented a cost reduction program resulting in a $150 million reduction in run rate spend and launched Velox Reverser, an AI-native malware reverse engineering product.
The government shutdown is estimated to have a cumulative impact of $50 million on revenue and $20 million on profit for the full fiscal year, with $60 million in billable expenses shifting from Q3 to Q4.

Jan 23, 2026, 1:00 PM

Transcript

Booz Allen Hamilton Announces Q3 FY26 Results and Updates FY26 Guidance

BAH

Earnings

Guidance Update

Demand Weakening

Booz Allen Hamilton reported Q3 FY26 revenue of $2.620 billion, a 10.2% decrease year-over-year, primarily driven by a slowed procurement and funding environment and a government shutdown.
Adjusted Diluted EPS grew 14.2% to $1.77 for Q3 FY26, supported by lower income tax expense and a reduced share count.
The company updated its FY 2026 Adjusted Diluted EPS guidance to $5.95 - $6.15, an increase from prior guidance, largely due to a $0.50 tax benefit.
FY 2026 revenue guidance was narrowed to $11.3 - $11.4 billion, with growth projected at (5.0 - 6.0)%, reflecting impacts from the prolonged government shutdown and slower funding environment.
Despite revenue challenges, Booz Allen generated $248 million in free cash flow for Q3 FY26, an 85.1% increase year-over-year.

Jan 23, 2026, 1:00 PM

Presentation

Booz Allen Hamilton Announces Q3 2026 Results, CFO Transition, and Updated FY26 Guidance

BAH

Earnings

CFO Change

Guidance Update

Booz Allen Hamilton announced a CFO transition, with Matt Calderone departing and Kristine Martin Anderson appointed as interim CFO in addition to her COO duties, effective Q3 2026.
For Q3 2026, the company reported gross revenue of $2.6 billion, representing a 10% decline versus the prior year period, and Adjusted diluted EPS of $1.77, an increase of 14% year-over-year.
The company updated its fiscal year 2026 guidance, narrowing revenue to between $11.3 billion and $11.4 billion and Adjusted EBITDA to between $1.195 billion and $1.215 billion, while raising ADEPS guidance to a range of $5.95-$6.15 per share.
Booz Allen executed a cost reduction program to drop its run rate spend by approximately $150 million, with the full impact expected next fiscal year, and committed to deploy up to $400 million in an a16z late-stage venture fund.
Despite impacts from a government shutdown, Booz Allen ended the calendar year with a record year-end backlog of over $38 billion (up 2% over the prior year) and a qualified pipeline for fiscal year 2027 of nearly $53 billion (up 12% from the FY26 pipeline at the same point last year).

Jan 23, 2026, 1:00 PM

Transcript

Booz Allen Reports Q3 FY26 Results and Updates FY26 Guidance

BAH

Earnings

Guidance Update

Dividends

Booz Allen reported Q3 FY26 revenue of $2.6 billion, a 10.2% decrease year-over-year, primarily due to a slowed procurement and funding environment, including a government shutdown.
Despite the revenue decline, Adjusted Diluted EPS grew 14.2% year-over-year to $1.77, and Free Cash Flow increased 85.1% to $248 million for Q3 FY26.
The company updated its FY 2026 guidance, raising Adjusted Diluted EPS to $5.95 - $6.15 (from $5.45 - $5.65) due to tax benefits, while slightly lowering the upper end of its revenue and free cash flow guidance.
Booz Allen's Board approved a quarterly dividend of $0.59 per share, a 7% increase, and the company deployed $125 million in share repurchases during the quarter.

Jan 23, 2026, 1:00 PM

Presentation

Booz Allen Hamilton Announces Third Quarter Fiscal 2026 Results

BAH

Earnings

Guidance Update

Share Buyback

Booz Allen Hamilton reported revenue of $2.6 billion for the third quarter of fiscal 2026, a 10.2 percent decrease year-over-year.
Adjusted Diluted Earnings Per Share increased 14.2 percent to $1.77, while Adjusted EBITDA decreased 14.2 percent to $285 million.
The company achieved a record Q3 backlog of $38 billion, a 1.5 percent increase, and a quarterly book-to-bill ratio of 0.3x.
Booz Allen Hamilton repurchased 1.1 percent of outstanding shares and declared a regular quarterly dividend of $0.59 per share.
For fiscal year 2026, the company updated its guidance, projecting revenue between $11.3 - $11.4 billion and Adjusted Diluted EPS between $5.95 - $6.15.

Jan 23, 2026, 11:47 AM

8-K

Booz Allen Hamilton Reports Q2 2026 Results and Revises FY 2026 Guidance

BAH

Earnings

Guidance Update

Demand Weakening

Booz Allen Hamilton reported Q2 2026 gross revenue of $2.9 billion, an 8% decline over the prior year period, and adjusted diluted earnings per share (ADEPS) of $1.49, down 18% year-over-year.
The company revised its full fiscal year 2026 guidance downwards, now expecting revenue between $11.3 billion and $11.5 billion and ADEPS between $5.45 and $5.65 per share.
This revised outlook is primarily due to greater disruption in the Civil portfolio, which is anticipated to see a revenue decline in the low 20% range for the full fiscal year, and a slower-than-expected funding environment.
In response, Booz Allen is implementing a restructuring plan to achieve a net incremental $150 million in annualized cost savings and is doubling down investments in high-growth areas such as cyber and artificial intelligence.
During Q2 2026, the company deployed $279 million in capital, including $208 million in share repurchases and $68 million in quarterly dividends, and increased its share repurchase authorization by $500 million.

Oct 24, 2025, 12:00 PM

Transcript

Booz Allen Hamilton Lowers FY26 Guidance Amidst Bifurcated Market

BAH

Guidance Update

Demand Weakening

Share Buyback

Booz Allen Hamilton reported Q2 2026 gross revenue of $2.9 billion, an 8% decline over the prior year period, and adjusted diluted EPS of $1.49 per share, a 18% decrease year-over-year.
The company lowered its fiscal year 2026 guidance across all key metrics, now expecting revenue between $11.3 billion and $11.5 billion, and adjusted diluted EPS between $5.45 and $5.65 per share.
This revised outlook is attributed to a bifurcated market, with the civil business revenue anticipated to decline in the low 20% range for the year, while the national security portfolio is expected to grow in the mid-single-digit range.
To address these challenges, the company is implementing cost restructuring actions to achieve a net incremental $150 million in annualized cost savings.
In Q2 2026, Booz Allen Hamilton deployed $279 million to shareholders, including $208 million in share repurchases at an average price of $107.15 per share, and declared a quarterly dividend of $0.55 per share.

Oct 24, 2025, 12:00 PM

Transcript

Booz Allen Hamilton Lowers FY 2026 Guidance Amidst Market Bifurcation

BAH

Guidance Update

Demand Weakening

Share Buyback

Booz Allen Hamilton has lowered its fiscal year 2026 guidance for both top and bottom lines, as the re-acceleration of its business is taking longer than initially expected.
The company reported a bifurcated market environment in Q2 2026, with its civil business facing significant challenges and projected to decline in the low 20% range for FY 2026, while the national security portfolio is expected to grow in the mid-single-digit range for the full fiscal year.
For Q2 2026, gross revenue was $2.9 billion, an 8% decline year-over-year, and adjusted diluted EPS was $1.49 per share, down 18% year-over-year.
To address these challenges, Booz Allen Hamilton is implementing significant actions, including a $150 million annual cost reduction and focusing investments on key growth vectors like cyber, AI, and warfighting technology.
The company deployed $279 million in capital during the quarter, including $208 million in share repurchases, and approved a quarterly dividend of $0.55 per share.

Oct 24, 2025, 12:00 PM

Transcript

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Booz Allen Hamilton Holding (BAH)

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