Booz Allen (BAH) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 24, 2026

Before Open (Confirmed)

Period Ending

2027 (Q1)

Consensus EPS Forecast

1.5

Last Year’s EPS

1.48

Same Quarter Last Year

Analyst Consensus

Hold

Based on 11 Analysts Ratings

Earnings Call Summary

Q4 2026

Earnings Call Date:May 22, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call balanced strong operational and financial resilience against meaningful near‑term revenue headwinds. Positives include expanded profitability (adjusted EBITDA and margin expansion), robust free cash flow, backlog growth, increased outcome‑based opportunities (OTAs), product acceleration (Vellox, EdgeXtend), and sizable national security awards (BEATS, Golden Dome). Negatives center on steep Civil revenue declines (‑23% in Q4), overall revenue contraction (Q4 down 6.4%), a choppy funding/procurement environment, and a more cautious first half of FY27. Management emphasizes cost discipline, productivity gains and targeted investments in cyber and defense tech, and provided a measured FY27 guide that assumes gradual improvement. Overall, the positives on profitability, cash generation, backlog and strategic repositioning are offset by material near‑term top‑line pressure in Civil and funding timing risk.

Company Guidance

Booz Allen guided fiscal 2027 revenue of $11.2–$11.7 billion (recent M&A roughly net neutral), adjusted EBITDA of $1.24–$1.29 billion (implying ~11% adjusted EBITDA margin), adjusted EPS of $6.00–$6.35 (guidance excludes strategic venture impacts; FY26 included $0.11/ share of unrealized gains), and free cash flow of $825–$925 million (includes Reston HQ spend; excludes a $170 million IRS refund now expected in FY2028). Management expects national security to grow mid‑single digits while Civil declines high‑single digits (Q1 is the low point with sequential improvement), and cited a FY26 backlog of >$38 billion (funded backlog $4.3 billion), trailing 12‑month book‑to‑bill of 1.1x (Q4 book‑to‑bill 0.9x; nearly 1.2x including the MCTP award under protest), Q4 net bookings $2.5 billion, and $1.7 billion of Q4 awards. For context, FY26 results included revenue of $11.2 billion, adjusted EBITDA $1.2 billion (11% margin), adjusted EPS $6.51, free cash flow $951 million; Q4 revenue $2.8 billion (-6.4% YoY), Q4 adjusted EBITDA $309 million (11.1% margin), Q4 adjusted EPS $1.78; liquidity was $2.2 billion, cash $728 million, and net leverage 2.6x.

Strong Profitability and Margin Expansion

Fiscal 2026 adjusted EBITDA of $1.2B with an adjusted margin of 11%; Q4 adjusted EBITDA $309M and margin 11.1%, up 50 basis points year‑over‑year. Adjusted diluted EPS for the year $6.51 and Q4 ADEPS $1.78, up roughly 11% year‑over‑year.

Robust Cash Generation and Capital Deployment

Fiscal 2026 free cash flow of $951M and Q4 free cash flow of $212M. Deployed $1.1B of capital during FY26 and $366M in Q4 (including $219M strategic investments and $147M of shareholder returns). Ended Q4 with $728M cash and $2.2B total liquidity.

Backlog Growth and Book‑to‑Bill Trailing Strength

Backlog > $38B at year end, up about 3% year‑over‑year. Trailing 12‑month book‑to‑bill of 1.1x (Q4 book‑to‑bill 0.9x; would have been nearly 1.2x including the MCTP award under protest).

Acceleration of Outcome‑Based and Product Strategy

Significant traction in outcome‑based work: ~90% increase in OTA proposal submissions and ~50% increase in OTA awards year‑over‑year. Launched and accelerated product lines (Vellox suite, EdgeXtend) and completed strategic M&A (Defy Security) to scale cyber product sales.

National Security Momentum and Large Awards

National security portfolio grew 1.6% year‑over‑year in Q4. Won $1.7B of work in Q4 and secured major awards including the BEATS contract (~$937M single‑award) and an OTA on the Golden Dome space‑based interceptor prototype work.

Productivity Improvements and Cost Discipline

Headcount down ~12% in the quarter while revenue per employee increased ~6%, reflecting productivity gains. Executed cost reduction program (target ~$150M annualized) with ~1/3 realized in FY26 and the company retaining ~40% of net savings on average.

Prudent FY2027 Financial Guidance

FY27 guidance provided: revenue $11.2B–$11.7B (0%–4%), adjusted EBITDA $1.24B–$1.29B (~11% margin), ADEPS $6.00–$6.35, and free cash flow $825M–$925M — signaling stability and modest upside while accounting for near‑term headwinds.

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

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BAH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 24, 2026	2027 (Q1)	1.50 / -	1.48	―	―	―
May 22, 2026	2026 (Q4)	1.34 / 1.78	1.61	10.56% (+0.17)
Jan 23, 2026	2026 (Q3)	1.36 / 1.77	1.55	14.19% (+0.22)
Oct 24, 2025	2026 (Q2)	1.51 / 1.49	1.81	-17.68% (-0.32)
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)

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
May 22, 2026	$76.35	$78.68	+3.05%
Jan 23, 2026	$95.03	$101.46	+6.76%
Oct 24, 2025	$98.88	$90.11	-8.86%
Jul 25, 2025	$112.94	$110.91	-1.80%

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.