Amentum Holdings reports quarterly earnings beat and updates FY 2026 guidance

Amentum Holdings, Inc. reported quarterly earnings of $0.67 per share, exceeding the consensus estimate of $0.61. Despite the earnings beat, the company's revenue saw a 2.0% decrease compared to the same quarter last year.

Following the results, Amentum updated its FY 2026 earnings guidance to a range of $2.40 to $2.50 per share, which is slightly below the consensus estimate of $2.41. Revenue guidance for the period was set between $13.8 billion and $14.0 billion, trailing the consensus estimate of $14.2 billion.

Market analysts have reacted with mixed signals. BTIG Research lowered its price target from $35.00 to $30.00 while maintaining a 'buy' rating. Bank of America also reduced its price objective to $30.00 and set a 'neutral' rating. Conversely, institutional activity remains notable, with Bank of America Corp DE increasing its holdings in Amentum by 107.8% during the first quarter.