Jun 2026 (Q3 FY26) — Aug 11, 2026
Amentum Q3 FY26 — Strong Profitability and Cash Flow Despite Revenue Headwinds
Read the full callAmentum (AMTM) earnings
- Jul 2026
- Jun 2026 (Q3 FY26)
- Oct 2025
Amentum earnings: last reported Tue, 11 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,490 | −2.0% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 4.9 | +2.0 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 66.0 | +560.0% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
5 of 6 judged targets kept · 18 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS | $2.25 to $2.45 | Sep 2025 | We are also increasing guidance for adjusted diluted earnings per share to a range of $2.40 to $2.50, given the strong year-to-date operational performance and interest expense benefits from our debt refinancing. | Revised Up |
| Adjusted EBITDA margin expansion | 20 basis point year-over-year increase | Jun 2026 | we expect a 20 basis point year-over-year increase in margins. | New |
| Discussion of digital infrastructure market | Will discuss on next quarter's call | Dec 2025 | Today, we will focus on critical digital infrastructure or CDI, and how we are strategically positioned to benefit from this rapidly evolving area. | Achieved |
1 of Amentum Holdings, Inc.'s 24 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 21 more targets are in the full ledger.
Claimed
- Adjusted EBITDA reached $290 million, up 6% year-over-year, with record margins of 8.3%.
- Adjusted diluted EPS increased 20% year-over-year to $0.67.
- Net bookings of $3.9 billion resulted in a quarterly book-to-bill of 1.1x and a trailing 12-month book-to-bill of 1.3x.
- Funded backlog increased 10% year-over-year to $6.2 billion.
- Net leverage reduced to 3x at quarter end, one quarter earlier than expected.
Qualified
- Q3 revenue of $3.5 billion came in slightly below expectations, reflecting normalized growth of approximately 1%.
- FY26 revenue guidance was revised down to $13.8 billion - $13.95 billion due to reduced contributions from new business awards under protest and lower material/non-labor volume.
- FY27 revenue is expected to be impacted by a 3% reduction from NASA's workforce directive and a 1% reduction from exiting low-margin programs.
Price
$19.48 −0.20% · −$0.04
Performance −13.0% 1Y
1Y: $22.4 on 17 Oct 2025 → $19.48. High $37.53 (6 Feb 2026), low $18.12 (30 Sept 2026).
- Previous close
- $19.52
- 52-week range
- $18.12 – $37.53
- One year
- −14.86%
Overview
- Symbol
- AMTM
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
5 of 6 judged targets kept · 18 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS | $2.25 to $2.45 | Sep 2025 | We are also increasing guidance for adjusted diluted earnings per share to a range of $2.40 to $2.50, given the strong year-to-date operational performance and interest expense benefits from our debt refinancing. | Revised Up |
| Adjusted EBITDA margin expansion | 20 basis point year-over-year increase | Jun 2026 | we expect a 20 basis point year-over-year increase in margins. | New |
| Discussion of digital infrastructure market | Will discuss on next quarter's call | Dec 2025 | Today, we will focus on critical digital infrastructure or CDI, and how we are strategically positioned to benefit from this rapidly evolving area. | Achieved |
Claimed
- Adjusted EBITDA reached $290 million, up 6% year-over-year, with record margins of 8.3%.
- Adjusted diluted EPS increased 20% year-over-year to $0.67.
- Net bookings of $3.9 billion resulted in a quarterly book-to-bill of 1.1x and a trailing 12-month book-to-bill of 1.3x.
- Funded backlog increased 10% year-over-year to $6.2 billion.
- Net leverage reduced to 3x at quarter end, one quarter earlier than expected.
Qualified
- Q3 revenue of $3.5 billion came in slightly below expectations, reflecting normalized growth of approximately 1%.
- FY26 revenue guidance was revised down to $13.8 billion - $13.95 billion due to reduced contributions from new business awards under protest and lower material/non-labor volume.
- FY27 revenue is expected to be impacted by a 3% reduction from NASA's workforce directive and a 1% reduction from exiting low-margin programs.
The full ledger
Open Amentum Holdings, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 24 tracked commitments, with each call’s wording and source.
Call summaries
Every analysed call
Amentum earnings calls (AMTM)
Financials
What the filings say
Net profit, year on year: +560% (quarter to jul 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,212 | 3,416 | 3,491 | 3,561 | 3,925 | 3,237 | 3,478 | 3,490 |
| Operating profit | 27 | 132 | 110 | 103 | 135 | 138 | 151 | 172 |
| Operating margin | 1.2% | 3.9% | 3.1% | 2.9% | 3.4% | 4.3% | 4.3% | 4.9% |
| Profit before tax | -54 | 45 | 24 | 12 | 34 | 64 | 78 | 94 |
| Tax rate | 140.7% | 53.3% | 91.7% | 108.3% | −8.8% | 31.3% | 30.8% | 29.8% |
| Net profit | 26 | 12 | 4 | 10 | 40 | 44 | 54 | 66 |
| EPS ($ per share) | — | 0.05 | 0.02 | 0.04 | — | 0.18 | 0.22 | 0.27 |
| Line item | Sep 2022 | Sep 2023 | Sep 2024 | Oct 2025 |
|---|---|---|---|---|
| Equity capital | — | 0 | 2 | 2 |
| Reserves | — | -445 | -527 | -461 |
| Total liabilities | — | 5,997 | 7,422 | 6,840 |
| Fixed assets | — | 85 | 144 | 114 |
| Total assets | — | 6,413 | 11,974 | 11,460 |
| Line item | Sep 2022 | Sep 2023 | Sep 2024 | Oct 2025 |
|---|---|---|---|---|
| Cash from operations | 126 | 67 | 47 | 543 |
| Cash from investing | -1,787 | -17 | 475 | 228 |
| Cash from financing | 1,724 | -112 | -382 | -790 |
| Net cash flow | 57 | -61 | 147 | -15 |
| Capital expenditure | -18 | -12 | -11 | -27 |
| Free cash flow | 108 | 55 | 36 | 516 |
AMTM revenue by segment
Digital Solutions grew from 38% to 42% of revenue over the last seven quarters.
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|
| Global Engineering Solutions | 62% | 62% | 60% | 62% | 59% | 58% | 58% | -5.0% |
| Digital Solutions | 38% | 38% | 40% | 38% | 41% | 42% | 42% | +2.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
AMTM operating KPIs by quarter
| KPI | Apr 2026 Q2 FY26 | 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.
Revenue by region
Q3 FY2026 · share of revenue
- US 80% ↑ 8 pt
- Non Us 20% ↓ 8 pt
As AMTM cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
65 filings between Nov 6, 2025 and Aug 14, 2026.
Open market
decisions to buy or sellNobody bought or sold AMTM on the open market in this window. The filings below are 15 awards, 26 option exercises, 22 tax withholdings and 2 gifts.
Compensation
not trading decisions- 15
- Award — granted as compensation
- 26
- Option exercise — converted options into shares
- 22
- Tax withheld — shares kept back by the company to cover tax
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 14, 2026 | Thompson Christopher M.T. Director | Gift | 4,250 | $0 |
| May 6, 2026 | Bruning Jill L Chief Technology Officer | Tax withheld | 2,731 | $68.0K |
| May 6, 2026 | Johnson Travis Barton Chief Financial Officer | Option exercise | 13,609 | — |
| May 6, 2026 | Arnette Stephen A Chief Operating Officer | Option exercise | 13,609 | — |
| May 6, 2026 | Johnson Travis Barton Chief Financial Officer | Tax withheld | 4,097 | $102.0K |
| May 6, 2026 | Mullen Sean Thomas Chief Growth Officer | Option exercise | 9,072 | — |
| May 6, 2026 | Mullen Sean Thomas Chief Growth Officer | Tax withheld | 2,762 | $68.7K |
| May 6, 2026 | Heller John E. Chief Executive Officer | Option exercise | 18,145 | — |
| May 6, 2026 | Bruning Jill L Chief Technology Officer | Option exercise | 9,072 | — |
| May 6, 2026 | Arnette Stephen A Chief Operating Officer | Tax withheld | 3,314 | $82.5K |
| May 6, 2026 | Heller John E. Chief Executive Officer | Tax withheld | 8,184 | $203.7K |
| Mar 4, 2026 | Bruning Jill L Chief Technology Officer | Gift | 30,000 | $0 |
| Mar 2, 2026 | Arnette Stephen A Chief Operating Officer | Option exercise | 2,808 | — |
| Mar 2, 2026 | Arnette Stephen A Chief Operating Officer | Tax withheld | 750 | $23.0K |
| Feb 17, 2026 | St. Mary Michele T Chief Legal Officer & GC | Option exercise | 7,080 | — |
| Feb 17, 2026 | St. Mary Michele T Chief Legal Officer & GC | Tax withheld | 2,308 | $69.4K |
| Feb 6, 2026 | EBERHART RALPH E Director | Option exercise | 11,564 | — |
| Feb 6, 2026 | Vollmer John C. Director | Option exercise | 11,564 | — |
| Feb 6, 2026 | Vollmer John C. Director | Award | 5,062 | $0 |
| Feb 6, 2026 | Thompson Christopher M.T. Director | Award | 5,062 | $0 |
| Feb 6, 2026 | Loughran Barbara Director | Award | 5,062 | $0 |
| Feb 6, 2026 | EBERHART RALPH E Director | Award | 5,062 | $0 |
| Feb 6, 2026 | Brooks Vincent K Director | Option exercise | 11,564 | — |
| Feb 6, 2026 | Brooks Vincent K Director | Award | 5,062 | $0 |
| Feb 6, 2026 | Rowland Sandra E. Director | Option exercise | 11,564 | — |
| Feb 6, 2026 | Rowland Sandra E. Director | Award | 5,062 | $0 |
| Feb 6, 2026 | IRELAND SUSAN LESLIE Director | Award | 5,062 | $0 |
| Jan 28, 2026 | Heller John E. Chief Executive Officer | Tax withheld | 19,768 | $705.9K |
| Jan 28, 2026 | Heller John E. Chief Executive Officer | Option exercise | 51,979 | — |
| Dec 17, 2025 | Mullen Sean Thomas Chief Growth Officer | Option exercise | 9,298 | — |
| Dec 17, 2025 | Mullen Sean Thomas Chief Growth Officer | Tax withheld | 4,194 | $120.2K |
| Dec 5, 2025 | Burton Darren Chief People Officer | Tax withheld | 1,392 | $40.2K |
| Dec 5, 2025 | Burton Darren Chief People Officer | Option exercise | 2,721 | — |
| Nov 17, 2025 | Arnette Stephen A Chief Operating Officer | Award | 46,769 | $0 |
| Nov 17, 2025 | St. Mary Michele T Chief Legal Officer & GC | Award | 22,271 | $0 |
| Nov 17, 2025 | Burton Darren Chief People Officer | Award | 22,271 | $0 |
| Nov 17, 2025 | Bruning Jill L Chief Technology Officer | Award | 17,817 | $0 |
| Nov 17, 2025 | Heller John E. Chief Executive Officer | Award | 155,897 | $0 |
| Nov 17, 2025 | Mullen Sean Thomas Chief Growth Officer | Award | 17,817 | $0 |
| Nov 17, 2025 | Johnson Travis Barton Chief Financial Officer | Award | 100,220 | $0 |
| Nov 17, 2025 | DEMETRIOU STEVEN J. Executive Chair | Option exercise | 43,396 | — |
| Nov 17, 2025 | DEMETRIOU STEVEN J. Executive Chair | Tax withheld | 17,077 | $367.0K |
| Nov 17, 2025 | DEMETRIOU STEVEN J. Executive Chair | Award | 111,355 | $0 |
| Nov 17, 2025 | Arnette Stephen A Chief Operating Officer | Option exercise | 1,178 | — |
| Nov 17, 2025 | Arnette Stephen A Chief Operating Officer | Tax withheld | 287 | $6.2K |
| Nov 16, 2025 | Arnette Stephen A Chief Operating Officer | Tax withheld | 1,120 | $24.7K |
| Nov 16, 2025 | Arnette Stephen A Chief Operating Officer | Option exercise | 5,053 | — |
| Nov 16, 2025 | Arnette Stephen A Chief Operating Officer | Tax withheld | 1,231 | $27.2K |
| Nov 16, 2025 | Arnette Stephen A Chief Operating Officer | Option exercise | 3,681 | — |
| Nov 16, 2025 | Arnette Stephen A Chief Operating Officer | Tax withheld | 897 | $19.8K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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