Advanced Drainage Systems Reports Q1 2026 Financial Results

Advanced Drainage Systems ( (WMS) ) has issued an update.

On August 7, 2025, Advanced Drainage Systems announced its fiscal first quarter results for 2026, revealing a 1.8% increase in net sales to $829.9 million, despite a decrease in net income by 11.2% to $144.1 million. The company highlighted strong execution amid challenging conditions, with investments in engineering and new product offerings like the Arcadia stormwater separator. The acquisition of River Valley Pipe and Orenco Systems contributed to growth, while the company remains focused on long-term profitability and market expansion.

The most recent analyst rating on (WMS) stock is a Buy with a $195.00 price target. To see the full list of analyst forecasts on Advanced Drainage Systems stock, see the WMS Stock Forecast page.

Spark’s Take on WMS Stock

According to Spark, TipRanks’ AI Analyst, WMS is a Outperform.

Advanced Drainage Systems demonstrates solid financial performance and strategic growth in high-margin areas, contributing to a strong earnings call sentiment. However, high leverage and economic uncertainties pose risks. Technical indicators suggest a neutral trend, and valuation metrics indicate fair pricing.

To see Spark’s full report on WMS stock, click here.

More about Advanced Drainage Systems

Advanced Drainage Systems is a leading manufacturer of innovative stormwater and onsite wastewater solutions, providing products for commercial, residential, infrastructure, and agricultural markets. The company operates the largest company-owned fleet in the industry, with a vast manufacturing network of 63 plants and 35 distribution centers. ADS is also one of the largest plastic recycling companies in North America, founded in 1966.

Average Trading Volume: 765,664

Technical Sentiment Signal: Hold

Current Market Cap: $9.09B

Learn more about WMS stock on TipRanks’ Stock Analysis page.