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Maximus (MMS)
NYSE:MMS
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.04Last Year’s EPS
2.01Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a cautiously positive outlook: management reported solid Q1 adjusted profitability metrics, raised full-year earnings and margin guidance, highlighted meaningful pipeline growth, and showcased AI/product momentum and strategic wins (GSA BPA, AI dispute automation, Accuracy Assistant, Forbes recognition). Counterbalancing these positives are near-term revenue declines (Q1 revenue down 4.1%), softness in US Services and Outside-the-US segments, low book-to-bill in the quarter (0.2x), and seasonal / timing-driven cash outflows and elevated DSO. Management attributes many negatives to timing (government shutdown effects, expected award timing shifts) and positioned FY26 as a year of durable margins while expecting new work to contribute more meaningfully in FY27–FY28. Overall, the positives (guidance raise, margin expansion, pipeline growth, AI wins) outweigh the near-term operational and cash timing challenges.Company Guidance
Raised Full-Year Earnings Guidance and Improved Margin Outlook
Adjusted EPS guidance increased by $0.10 to a range of $8.05–$8.35 (midpoint $8.20), implying >11% year-over-year earnings growth at the midpoint. Full-year adjusted EBITDA margin guidance improved by ~30 basis points to approximately 14%.
Q1 Profitability Improvement (Adjusted)
Q1 adjusted EBITDA margin rose to 12.7% from 11.2% a year ago. Adjusted EPS for the quarter was $1.85 versus $1.61 in the prior year, reflecting margin and earnings improvement despite revenue decline.
US Federal Services: Organic Growth and Margin Expansion
US Federal Services revenue of $787M increased 0.8% year-over-year (organic growth). Segment operating margin expanded to 16.5% from 12.7% in the prior year, driven by technology initiatives improving staff productivity; full-year segment margin guidance raised to 16.5%–17% (up 100 basis points).
Pipeline and Proposal Activity Increased
Total pipeline grew to $59.1B (from $51.3B at 9/30). Proposals pending ($3.8B) plus proposals in preparation ($2.4B) combined to $6.2B, a 55% increase from $4.0B a year ago — indicating growing near-term opportunity funnel.
Strategic Wins and AI/Automation Proof Points
Won a major GSA BPA (single awardee) to support GXCC transformation (subject to protest) and an outside-the-US technology bid where Maximus scored ~98% of technical points. AI-driven dispute processing resolved 45% of disputes autonomously, materially increasing throughput and improving financial performance on that program.
Product Launches Targeting SNAP/MEDICAID Opportunities
Launched 'Accuracy Assistant,' an AI-powered tool to help states reduce SNAP payment error rates by detecting data inconsistencies and flagging potential errors in real time; CMS named Maximus one of 10 companies pledging support for Medicaid community engagement implementation.
Strategic Portfolio Actions and Recognition
Completed divestiture of a $25M-annual-revenue child support business recognizing a ~$9M gain to free capacity for higher-value state/federal work. Company named to Forbes' America's Best Employers 2026 list for the second consecutive year.
Maintained Free Cash Flow Guidance and Leverage Discipline
Despite Q1 cash outflow, full-year free cash flow guidance remains $450M–$500M. Total debt ended at $1.58B with consolidated net leverage of 1.8x (below stated 2–3x target); management expects to finish FY26 at or below 1.0x absent M&A or repurchases.
MMS Earnings History
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
MMS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $93.27 | $77.87 | -16.51% |
Nov 20, 2025 | $77.41 | $81.69 | +5.53% |
Aug 07, 2025 | $73.99 | $77.38 | +4.58% |
May 08, 2025 | $66.11 | $74.55 | +12.77% |
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.
FAQ
When does Maximus (MMS) report earnings?
Maximus (MMS) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Maximus (MMS) earnings time?
Maximus (MMS) earnings time is at May 07, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MMS EPS forecast?
MMS EPS forecast for the fiscal quarter 2026 (Q2) is 2.04.