The earnings call reflects a mixed sentiment with strong performance in Defense and Intel segments and significant contract wins. However, challenges persist in the Civil business and funding environment, with adjustments in headcount and some uncertainty in future funding flows.

Company Guidance -

Q2 2026

During the Booz Allen Hamilton earnings call for the first quarter of fiscal year 2026, the company reported a book-to-bill ratio of 1.42x, with a record backlog of $38 billion, indicating strong demand despite a slow-moving procurement environment. Revenue excluding billable expenses grew by 2% year-over-year, driven by a 7% increase in the Defense sector and a 6% rise in the Intelligence sector, although the Civil business saw a 13% decline. Adjusted EBITDA reached $311 million, up 3% from the previous year, reflecting a margin of 10.6%. The company repurchased over 1% of its outstanding shares and announced $233 million in shareholder returns, including dividends and strategic investments. Additionally, Booz Allen increased its commitment to Booz Allen Ventures by $200 million, aiming to foster growth in areas aligned with national priorities. The company also noted a significant expected cash tax benefit of $200 million for the fiscal year due to legislative changes, anticipating a further cash refund of approximately $170 million next year due to a favorable agreement with the IRS.

Strong Book-to-Bill Ratio and Backlog

Booz Allen achieved a quarterly book-to-bill of 1.42x and a total backlog hit an all-time Q1 record of $38 billion, reflecting strong demand and robust future business prospects.

Defense and Intel Business Growth

Revenue for the quarter was up 7% in Defense and up 6% in Intel compared to the prior year period, indicating strong performance in these segments.

Significant Contract Wins

Awarded a $315 million contract with the United States Air Force for the Tactical Operations Center Light Battle Management System prototype, and a $51 million task order with Customs and Border Protection.

Increased Commitment to Booz Allen Ventures

An additional $200 million commitment to Booz Allen Ventures was announced, reflecting confidence in strategic investments and future growth.

Positive Cash Flow Projections

Free cash flow guidance updated to $900 million to $1 billion, with significant cash benefits from tax agreements and legislation.

Booz Allen (BAH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BAH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 24, 2025	2026 (Q2)	1.53 / -	1.81	―	―	―
Jul 25, 2025	2026 (Q1)	1.45 / 1.48	1.38	7.25% (+0.10)
May 23, 2025	2025 (Q4)	1.61 / 1.61	1.33	21.05% (+0.28)
Jan 31, 2025	2025 (Q3)	1.52 / 1.55	1.41	9.93% (+0.14)
Oct 25, 2024	2025 (Q2)	1.48 / 1.81	1.29	40.31% (+0.52)
Jul 26, 2024	2025 (Q1)	1.52 / 1.38	1.47	-6.12% (-0.09)
May 24, 2024	2024 (Q4)	1.23 / 1.33	1.01	31.68% (+0.32)
Jan 26, 2024	2024 (Q3)	1.14 / 1.41	1.07	31.78% (+0.34)
Oct 27, 2023	2024 (Q2)	1.32 / 1.29	1.34	-3.73% (-0.05)
Jul 28, 2023	2024 (Q1)	1.25 / 1.47	1.13	30.09% (+0.34)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BAH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 25, 2025	$114.55	$112.49	-1.80%
May 23, 2025	$127.79	$106.67	-16.53%
Jan 31, 2025	$127.00	$127.07	+0.06%
Oct 25, 2024	$163.51	$178.61	+9.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.