AMTM Amentum (AMTM) Q3 FY26 earnings call
Amentum delivered strong profitability and cash generation in Q3 FY26, exceeding expectations for adjusted EBITDA and EPS, driven by margin expansion and operational performance. While near-term revenue faced headwinds from protest periods and procurement delays, the company maintains confidence in its long-term trajectory, underpinned by robust business development momentum in nuclear energy and critical digital infrastructure, and a disciplined capital allocation strategy.
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AMTM operating KPIs by quarter
| KPI | Apr 2026 Q2 FY26 | This call Jun 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|
| Orders | $4BWe delivered net bookings of $4 billion resulting in a quarterly and last 12 months book-to-bill of 1.2x and ending backlog of nearly $48 billion, up 7% from the prior year quarter, an all-time high for Amentum.Source: earnings call transcript | $3.9BNet bookings of $3.9 billion resulted in a quarterly book-to-bill of 1.1x and trailing 12 months of 1.3x, an ending backlog of $48 billion.Source: earnings call transcript | -2.5% |
| Book-to-bill ratio | 1.2 ratioWe delivered net bookings of $4 billion resulting in a quarterly and last 12 months book-to-bill of 1.2x and ending backlog of nearly $48 billion, up 7% from the prior year quarter, an all-time high for Amentum.Source: earnings call transcript | 1.1 ratioNet bookings of $3.9 billion resulted in a quarterly book-to-bill of 1.1x and trailing 12 months of 1.3x, an ending backlog of $48 billion.Source: earnings call transcript | -8.3% |
| Backlog | <$48BWe delivered net bookings of $4 billion resulting in a quarterly and last 12 months book-to-bill of 1.2x and ending backlog of nearly $48 billion, up 7% from the prior year quarter, an all-time high for Amentum.Source: earnings call transcript | $48BNet bookings of $3.9 billion resulted in a quarterly book-to-bill of 1.1x and trailing 12 months of 1.3x, an ending backlog of $48 billion.Source: earnings call transcript | — |
| Backlog Funded | $6.9MOur funded backlog was $6.9 million, reflecting a 20% year-over-year increase.Source: earnings call transcript | $6.2BFunded backlog increased 10% year-over-year to $6.2 billion.Source: earnings call transcript | +89755.1% |
| Proposals awaiting award | $26BIn addition, we ended the quarter with $26 billion in proposals awaiting award with approximately 65% being new business to momentum.Source: earnings call transcript | $32BOur key range indicators remain strong with pending awards of $32 billion, including 2/3 new business to momentum as well as $2 billion of new work already won under protest.Source: earnings call transcript | +23.1% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.