Tetra Tech Q2 revenue beat estimates, raises 2026 outlook

Tetra Tech

29/04/2026 21:15

Overview

US consulting and engineering firm's Q2 revenue and adjusted EPS beat analyst expectations

Company raised full-year 2026 net revenue and EPS guidance

Tetra Tech repurchased $50 mln in stock and raised quarterly dividend by 11% yr/yr

Outlook

Tetra Tech raises FY26 net revenue guidance to $4.25 bln-$4.40 bln

Company now expects FY26 adjusted EPS of $1.50-$1.58

Tetra Tech sees Q3 net revenue of $1.05 bln-$1.10 bln and EPS of $0.38-$0.41

Result Drivers

END MARKET GROWTH - Co said Q2 results were driven by growth across water, environment, and sustainable infrastructure markets

DEFENSE ORDERS - Increased orders from U.S. defense agencies for new facilities and infrastructure modernization contributed to results

INTERNATIONAL DEMAND - International operations grew due to demand for front-end water and infrastructure consulting services

Company press release: ID:nBw75KjWla

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.22 bln
$1.003 bln (6 Analysts)
Q2 Adjusted EPS
Beat
$0.34
$0.32 (6 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the environmental services & equipment peer group is "buy"

Wall Street's median 12-month price target for Tetra Tech Inc is $42.00, about 33.8% above its April 28 closing price of $31.38

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)