The earnings call indicates a company that is navigating short-term challenges, such as slow funding and a decline in the Civil business, while achieving significant milestones in backlog, contract wins, and strategic investments. Despite short-term headwinds, Booz Allen Hamilton is positioning itself for medium- to long-term growth, supported by a strong book-to-bill ratio and strategic initiatives.

Company Guidance -

Q2 2026

During the Booz Allen Hamilton's earnings call for the first quarter of fiscal year 2026, several key metrics and guidance were discussed. The company reported a book-to-bill ratio of 1.42x for the quarter, contributing to a record backlog of $38 billion, up 11% year-over-year. Revenue excluding billable expenses grew by 2%, with strong performances in the Defense (up 7%) and Intel (up 6%) sectors. However, the Civil business saw a decline of 13%. Adjusted EBITDA was $311 million, marking a 3% increase, and the adjusted EBITDA margin improved by 30 basis points to 10.6%. The company also noted a significant cash tax benefit of approximately $200 million for the fiscal year due to legislative changes in The One Big Beautiful Bill, and an anticipated $170 million refund from the IRS next fiscal year. The company repurchased over 1% of its outstanding shares during the quarter, deploying $233 million in capital for shareholder value. Despite a dynamic funding environment, Booz Allen remains focused on long-term growth through its VoLT strategy, emphasizing velocity, leadership, and technology, and has increased its commitment to Booz Allen Ventures by $200 million to further strategic investments.

Record Backlog

Total backlog reached an all-time Q1 record of $38 billion, up 11% year-over-year.

Strong Book-to-Bill Ratio

Achieved a quarterly book-to-bill of 1.42x, indicating strong demand and future revenue potential.

Revenue Growth in Defense and Intel

Revenue grew 7% in Defense and 6% in Intel compared to the prior year period.

Significant Contract Wins

Awarded a new $315 million contract with the United States Air Force for the Tactical Operations Center Light Battle Management System prototype.

Increased Commitment to Booz Allen Ventures

Increased commitment to Booz Allen Ventures by $200 million to accelerate strategic investments.

Positive Tax Developments

Reached a favorable agreement with the IRS resulting in a $106 million tax benefit and expected $170 million cash refund next fiscal year.

Booz Allen (BAH) Earnings, Revenues Date & History

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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	$115.12	$113.05	-1.80%
May 23, 2025	$128.42	$107.20	-16.52%
Jan 31, 2025	$127.63	$127.70	+0.05%
Oct 25, 2024	$164.32	$179.50	+9.24%

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.