Booz Allen Cuts 2026 Outlook, Trims EBITDA Forecast

Booz Allen Hamilton reported Q2 revenue of $2.89 billion, down about 8.1% year-over-year, with adjusted EPS of $1.49 and reported net income of $175 million versus $390 million a year earlier. The firm cut its fiscal 2026 guidance to $11.3–$11.5 billion in revenue and adjusted EPS of $5.45–$5.65 (from $12.0–$12.5 billion and $6.20–$6.55) and also trimmed its EBITDA outlook. Management attributed the shortfall to a continued slowdown in government funding even as CEO Horacio Rozanski said demand remains strong for cyber, AI and warfighting technologies, creating a bifurcated market. Booz Allen deepened workforce reductions, ending the first half with roughly 33,000 employees and customer-facing staff down about 3% sequentially and 10% year-over-year. The company maintained its $0.55 quarterly dividend, and shares tumbled roughly 8–9% in premarket trading, leaving the stock down more than 22% year-to-date.