The Investor
29 Jan 2026, 11:15
Tetra Tech, Inc. reported strong first-quarter fiscal 2026 results and raised its full-year guidance, citing solid demand across water, environmental, defense, and sustainable infrastructure projects.
For the quarter ended December 28, 2025, the company posted revenue of $1.21 billion and net revenue of $1.04 billion. Operating income reached $141 million, while adjusted EBITDA was $147 million, with margins expanding year over year. Earnings per share came in at $0.40, and adjusted EPS was $0.35. Backlog stood at $3.95 billion, and cash flow from operations totaled $72 million for the quarter.
Excluding USAID/DOS impacts, net revenue increased 8% and EPS rose 17% year over year, supported by margin improvement, better working capital efficiency, and recent strategic acquisitions that expanded data analytics and program advisory capabilities. During the quarter, Tetra Tech also secured several large defense, environmental, and infrastructure contracts in the U.S. and Australia.
Reflecting the strong performance and outlook, the company raised its fiscal 2026 guidance, now expecting net revenue of $4.15–$4.30 billion and adjusted EPS of $1.46–$1.56. Tetra Tech also declared its 47th consecutive quarterly dividend, increased it by 12%, and continued share repurchases, underscoring confidence in its long-term growth strategy.
For the quarter ended December 28, 2025, the company posted revenue of $1.21 billion and net revenue of $1.04 billion. Operating income reached $141 million, while adjusted EBITDA was $147 million, with margins expanding year over year. Earnings per share came in at $0.40, and adjusted EPS was $0.35. Backlog stood at $3.95 billion, and cash flow from operations totaled $72 million for the quarter.
Excluding USAID/DOS impacts, net revenue increased 8% and EPS rose 17% year over year, supported by margin improvement, better working capital efficiency, and recent strategic acquisitions that expanded data analytics and program advisory capabilities. During the quarter, Tetra Tech also secured several large defense, environmental, and infrastructure contracts in the U.S. and Australia.
Reflecting the strong performance and outlook, the company raised its fiscal 2026 guidance, now expecting net revenue of $4.15–$4.30 billion and adjusted EPS of $1.46–$1.56. Tetra Tech also declared its 47th consecutive quarterly dividend, increased it by 12%, and continued share repurchases, underscoring confidence in its long-term growth strategy.
