Reported Earnings • May 12
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: US$0.22 (up from US$0.016 in 2Q 2025). Revenue: US$3.48b (flat on 2Q 2025). Net income: US$54.0m (up US$50.0m from 2Q 2025). Profit margin: 1.6% (up from 0.1% in 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Professional Services industry in the US. Announcement • May 12
Amentum Holdings, Inc. Reaffirms Earnings Guidance for the Fiscal Year 2026 Amentum Holdings, Inc. reaffirmed earnings guidance for the fiscal year 2026. For the period, the company expects Revenues to be in the range of $13,950 millions to $14,300 millions. Live News • May 12
Amentum Holdings Exceeds Q2 Earnings Expectations With Growing Contract Backlog Amentum Holdings reported Q2 FY2026 revenue of $3.48 billion, which was slightly ahead of analyst expectations and reflected a slight year-over-year decline.
Earnings per share came in at $0.60, above the consensus estimate of $0.58, with net income of $54 million for the quarter.
The company reaffirmed full-year guidance and reported a backlog of $47.8 billion supported by a 1.2x book-to-bill ratio over the past twelve months, helped by new contracts including a £/€/$406 million UK small modular reactor role, a $112 million European Commission decommissioning contract, and a $425 million CALFIRE contract.
The combination of an earnings beat, reaffirmed guidance and a growing backlog indicates that current contracts are providing visible revenue streams across Amentum’s engineering, digital solutions and infrastructure-focused work.
Investors may want to watch how the mix of higher-margin digital and intelligence contracts versus more traditional engineering work affects profitability over coming quarters. Announcement • Apr 24
Amentum Announces Executive Changes Amentum announced the appointment of Joseph (Joe) DeNardi as Senior Vice President and Head of Investor Relations. DeNardi will lead Amentum’s investor relations strategy, oversee engagement with the investment community, and help drive strategic financial initiatives that support the company’s long-term growth objectives. DeNardi previously held senior finance leadership roles at Science Applications International (SAIC), including Head of Corporate FP&A, Investor Relations, and Treasurer. He brings deep experience across investor relations, corporate finance, and capital markets. Prior to SAIC, DeNardi served as a Managing Director in equity research at Stifel Financial, covering the Aerospace & Defense and Government Services sectors. DeNardi holds a bachelor’s degree from The College of William & Mary and a master’s degree in finance from Loyola University Maryland. DeNardi succeeds Nathan Rutledge who left the company to pursue other opportunities. Rutledge previously led Amentum’s investor relations efforts during an important phase of the company’s evolution following Amentum’s merger with Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, and the combined company’s subsequent public listing. Announcement • Apr 23
Amentum Holdings, Inc. to Report Q2, 2026 Results on May 12, 2026 Amentum Holdings, Inc. announced that they will report Q2, 2026 results Pre-Market on May 12, 2026 Price Target Changed • Feb 11
Price target increased by 7.2% to US$36.64 Up from US$34.18, the current price target is an average from 11 analysts. New target price is 21% above last closing price of US$30.39. Stock is up 48% over the past year. The company is forecast to post earnings per share of US$1.09 for next year compared to US$0.27 last year. Reported Earnings • Feb 10
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: US$0.18 (up from US$0.049 in 1Q 2025). Revenue: US$3.24b (down 5.2% from 1Q 2025). Net income: US$44.0m (up 267% from 1Q 2025). Profit margin: 1.4% (up from 0.4% in 1Q 2025). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 3.4%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in the US. Announcement • Feb 10
Amentum Holdings, Inc. Reaffirms Earnings Guidance for the Fiscal Year 2026 Amentum Holdings, Inc. reaffirmed earnings guidance for the fiscal year 2026. For the year, the company expects revenues of $13,950 million to $14,300 million. Announcement • Jan 13
Amentum Holdings, Inc. to Report Q1, 2026 Results on Feb 10, 2026 Amentum Holdings, Inc. announced that they will report Q1, 2026 results on Feb 10, 2026 Announcement • Dec 22
Amentum Holdings, Inc., Annual General Meeting, Feb 06, 2026 Amentum Holdings, Inc., Annual General Meeting, Feb 06, 2026. New Risk • Nov 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 9.4% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 26
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: US$0.27 (up from US$0.90 loss in FY 2024). Revenue: US$14.4b (up 72% from FY 2024). Net income: US$66.0m (up US$148.0m from FY 2024). Profit margin: 0.5% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in the US. Announcement • Nov 25
Amentum Holdings, Inc. Provides Earnings Guidance for the Fiscal Year 2026 Amentum Holdings, Inc. provided earnings guidance for the fiscal year 2026. For the year, the company expects revenues of $13,950 million to $14,300 million. Recent Insider Transactions Derivative • Nov 21
Executive Chair exercised options and sold US$367k worth of stock On the 17th of November, Steven Demetriou exercised options to acquire 17k shares at no cost and sold these for an average price of US$21.49 per share. This trade did not impact their existing holding. Since December 2024, Steven's direct individual holding has increased from 678.57k shares to 732.67k. Company insiders have collectively bought US$461k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Nov 11
Executive Chair exercised options and sold US$628k worth of stock On the 6th of November, Steven Demetriou exercised options to acquire 29k shares at no cost and sold these for an average price of US$21.79 per share. This trade did not impact their existing holding. Since December 2024, Steven's direct individual holding has decreased from 678.57k shares to 644.44k. Company insiders have collectively bought US$937k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Oct 23
Amentum Holdings, Inc. to Report Q4, 2025 Results on Nov 25, 2025 Amentum Holdings, Inc. announced that they will report Q4, 2025 results Pre-Market on Nov 25, 2025 Major Estimate Revision • Sep 26
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.42 to US$0.357. Revenue forecast unchanged from US$14.1b at last update. Net income forecast to grow 247% next year vs 13% growth forecast for Professional Services industry in the US. Consensus price target up from US$27.00 to US$28.22. Share price was steady at US$22.57 over the past week. Reported Earnings • Aug 06
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: US$0.041 (up from US$0.10 loss in 3Q 2024). Revenue: US$3.56b (up 66% from 3Q 2024). Net income: US$10.0m (up US$35.6m from 3Q 2024). Profit margin: 0.3% (up from net loss in 3Q 2024). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 73%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in the US. Announcement • Aug 06
Amentum Holdings, Inc. Raises Earnings Guidance for the Full-Year 2025 Amentum Holdings, Inc. raised earnings guidance for the full-year 2025. For the period, the company expects revenues to be in the range of $13,975 million to $14,175 million compared to previous guidance of $13,850 million to $14,150 million. Announcement • Jul 02
Amentum Holdings, Inc. to Report Q3, 2025 Results on Aug 06, 2025 Amentum Holdings, Inc. announced that they will report Q3, 2025 results on Aug 06, 2025 Announcement • Jun 27
Lockheed Martin Corporation (NYSE:LMT) completed the acquisition of Rapid Solutions Product Business of Amentum Holdings, Inc. (NYSE:AMTM). Lockheed Martin Corporation (NYSE:LMT) entered into a definitive agreement to acquire Rapid Solutions Product Business of Amentum Holdings, Inc. (NYSE:AMTM) for $360 million on April 23, 2025. A cash consideration of $360 million will be paid by Lockheed Martin Corporation. Upon closing, the team will become part of the Lockheed Martin Corporation's Space business area. Approximately 230 employees will transition to Lockheed Martin upon close of the sale. The transaction is subject to approval by regulatory board / committee. The transaction is expected to close in the second half of 2025 and to generate approximately $325 million in after-tax proceeds. Certain proceeds from the sale of the Rapid Solutions business are expected to be used to accelerate debt reduction objectives.
Eduardo Gallardo and Joseph C. Swanson of Paul Hastings LLP acted as legal advisor for Amentum Holdings, Inc. Wells Fargo Securities, LLC acted as financial advisor to Lockheed Martin Corporation (NYSE:LMT).
Lockheed Martin Corporation (NYSE:LMT) completed the acquisition of Rapid Solutions Product Business of Amentum Holdings, Inc. (NYSE:AMTM) on June 26, 2025. Reported Earnings • May 07
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: US$0.016. Revenue: US$3.49b (up 70% from 2Q 2024). Net income: US$4.00m (up US$45.1m from 2Q 2024). Profit margin: 0.1% (up from net loss in 2Q 2024). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 71%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Professional Services industry in the US. Announcement • May 07
Amentum Holdings, Inc. Revises Earnings Guidance for the Fiscal Year of 2025 Amentum Holdings, Inc. revised earnings guidance for the fiscal year of 2025. For the year, the company now excepts revenues to be in the range of $13,850 million to $14,150 million against previous guidance of $13,800 million to $14,200 million. Announcement • Apr 25
Lockheed Martin Corporation (NYSE:LMT) entered into a definitive agreement to acquire Rapid Solutions Product Business of Amentum Holdings, Inc. (NYSE:AMTM) for $360 million. Lockheed Martin Corporation (NYSE:LMT) entered into a definitive agreement to acquire Rapid Solutions Product Business of Amentum Holdings, Inc. (NYSE:AMTM) for $360 million on April 23, 2025. A cash consideration of $360 million will be paid by Lockheed Martin Corporation. Upon closing, the team will become part of the Lockheed Martin Corporation's Space business area. Approximately 230 employees will transition to Lockheed Martin upon close of the sale. The transaction is subject to approval by regulatory board / committee. The transaction is expected to close in the second half of 2025 and to generate approximately $325 million in after-tax proceeds.
Eduardo Gallardo and Joseph C. Swanson of Paul Hastings LLP acted as legal advisor for Amentum Holdings, Inc. Wells Fargo Securities, LLC acted as financial advisor to Lockheed Martin Corporation (NYSE:LMT). Announcement • Apr 02
Amentum Holdings, Inc. to Report Q2, 2025 Results on May 07, 2025 Amentum Holdings, Inc. announced that they will report Q2, 2025 results Pre-Market on May 07, 2025 Announcement • Mar 24
Amentum Holdings, Inc.(NYSE:AMTM) dropped from FTSE All-World Index (USD) Amentum Holdings, Inc.(NYSE:AMTM) dropped from FTSE All-World Index (USD) Announcement • Mar 13
Amentum Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $321.158871 million. Amentum Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $321.158871 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 19,464,174
Price\Range: $16.5
Discount Per Security: $0.495 Announcement • Mar 12
Amentum Holdings, Inc. has filed a Follow-on Equity Offering. Amentum Holdings, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 19,464,174 Announcement • Feb 17
Amentum Appoints Michele St. Mary as Chief Legal Officer and General Counsel Amentum announced the appointment of Michele St. Mary as Chief Legal Officer and General Counsel, effective immediately. St. Mary will lead Amentum’s legal, ethics, compliance, contracts, and security functions globally. Her role includes oversight of corporate matters, including governance, transactional and securities law matters, advice on the full range of contracting issues, supervision of company litigation and the areas of labor and employment law, compliance, export control, and international law. St. Mary steps into the Chief Legal Officer role as Stuart Young retires from the company after over 30 years working for Amentum and legacy companies. During his tenure, Young was instrumental in the strategic integration of M&A transactions and providing critical counsel throughout the evolution of the company and the government contracting industry. Most recently, St. Mary served as the vice president, deputy general counsel and assistant secretary for L3Harris Technologies. She spent 19 years at L3Harris leading legal, contracts, trade compliance and ethics for progressively larger and more complex business segments. She has also provided legal oversight for mergers and acquisitions, strategic integrations, government relations and lobbying, insider threat and counterintelligence. Before that, St. Mary was senior counsel for Sun Microsystems, Inc. and an associate at Crowell & Moring LLP. St. Mary earned a bachelor’s degree in political science from Yale University, and her juris doctorate from Yale Law School. Recent Insider Transactions • Feb 16
Executive Chair recently bought US$2.1m worth of stock On the 12th of February, Steven Demetriou bought around 100k shares on-market at roughly US$20.81 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Steven's only on-market trade for the last 12 months. Announcement • Feb 06
Amentum Holdings, Inc. Re-Affirms Earnings Guidance for the Fiscal Year 2025 Amentum Holdings, Inc. re-affirmed earnings guidance for the fiscal year 2025. For the year, the company expects revenue to be in the range of $13,800 million - $14,200 million. Reported Earnings • Feb 05
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.049. Revenue: US$3.42b (up 72% from 1Q 2024). Net income: US$12.0m (up US$53.4m from 1Q 2024). Profit margin: 0.4% (up from net loss in 1Q 2024). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Professional Services industry in the US. Announcement • Jan 22
Amentum Holdings, Inc., Annual General Meeting, Mar 05, 2025 Amentum Holdings, Inc., Annual General Meeting, Mar 05, 2025. Announcement • Jan 07
Amentum Holdings, Inc. Announces Appointment of Jennifer Walsmith as President of the Intelligence & Cybersecurity Amentum Holdings, Inc. announced the appointment of Jennifer Walsmith as President of the Intelligence & Cybersecurity business, effective immediately. Jennifer will lead a global team in delivering advanced national security, intelligence, and cybersecurity solutions for U.S. intelligence and defense customers. Amentum holds deep relationships across the U.S. intel community, including all 18 Intelligence Community agencies, and the U.S.DOD community. Prior to Amentum, Jennifer led Northrop Grumman’s Cyber & Intelligence business as its general manager and vice president, operationalizing leading edge technologies ahead of market shifts and to address global mission changes. Before that, she was the vice president of Northrop Grumman’s Integrated National Systems Space ISR Systems division. Before she joined the private sector, Jennifer spent 15 years with the National Security Agency (NSA) where she completed her public service career as the NSA’s top acquisition executive and a key player in the U.S. Comprehensive National Cyber Initiative. During her tenure at NSA, she was a member of the Intelligence Community Acquisition Council and the Department of Defense Senior Integration Group. Jennifer earned a bachelor’s degree in computer science from the University of Maryland, Baltimore County (UMBC). She’s been recognized for her achievements at the NSA and the intelligence community with the National Intelligence Superior Service Medal and multiple Presidential Rank Awards. Jennifer has served on the board of the Intelligence and National Security Alliance and currently serves on the Advisory Board for the UMBC College of Engineering and Information Technology. Announcement • Dec 17
Amentum Holdings, Inc. Affirms Earnings Guidance for the Year 2025 Amentum Holdings, Inc. affirmed earnings guidance for the fiscal year 2025. For the year, the company expects revenue to be in the range of $13,800 million - $14,200 million. Reported Earnings • Dec 17
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: US$0.90 loss per share. Revenue: US$8.39b (up 52% from FY 2023). Net loss: US$82.0m (down 135% from profit in FY 2023). Revenue missed analyst estimates by 39%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in the US. Announcement • Dec 03
Amentum Appoints Darren Burton as Chief People Officer Amentum announced the appointment of Darren Burtonas Chief People Officer, effective immediately. Burton will lead all aspects of the company’s talent strategy and talent management that supports a diverse global workforce. Amentum, with 53,000 employees in approximately 80 countries across all 7 continents, is a global leader in providing advanced engineering and technology solutions for the United States, the U.K. and other allied nations, as well as commercial markets. Most recently, Darren served as the chief people officer at Eightfold AI, an AI-based talent intelligence platform provider. Prior to that, he served as the vice chair of human resources of KPMG and a member of its management committee. Darren was also a member of the board of directors of KPMG U.S. Foundation Inc., a public charity committed to workforce development and community sustainability. Before KPMG, he was a senior HR executive at the Raytheon Company, most recently serving as vice president of human resources and security for Raytheon Intelligence, Information and Services Company where he oversaw all HR strategies and initiatives for the $6 billion organization’s 16,000 employees and led HR efforts for more than ten acquisitions. Prior to Raytheon, Darren served in human resources leadership roles for IBM. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$26.41, the stock trades at a trailing P/E ratio of 25x. Average forward P/E is 22x in the Professional Services industry in the US. Announcement • Oct 24
Amentum Holdings, Inc. to Report Fiscal Year 2024 Results on Dec 17, 2024 Amentum Holdings, Inc. announced that they will report fiscal year 2024 results on Dec 17, 2024 Announcement • Nov 22
Amentum Services, Inc. entered into a definitive agreement to acquire Critical Mission Solutions and Cyber & Intelligence Government Services from Jacobs Solutions Inc. (NYSE:J). Amentum Services, Inc. entered into a definitive agreement to acquire Critical Mission Solutions and Cyber & Intelligence Government Services from Jacobs Solutions Inc. (NYSE:J) on November 20, 2023. The transaction is being structured as a Reverse Morris Trust transaction. Jacobs and its shareholders will own 58.5%-63% of the combined company's common shares upon consummation of the transaction, consisting of 51% Jacobs' shareholders ownership and Jacobs retaining 7.5-12%. The exact amount of the retained stake will be determined based on achievement of certain fiscal year 2024 operating profit targets. Funds managed by American Securities and Lindsay Goldberg, the current owners of Amentum, will own no less than 37% of the combined company's common shares upon consummation of the transaction. The combined organization will be a publicly traded company with $13 billion in revenue and more than 53,000 employees in 83 countries. Upon completion of the deal, Jacobs Executive Chair Steve Demetriou will become Executive Chair of the combined company. John Heller, current Chief Executive Officer of Amentum, will serve as Chief Executive Officer of the combined company and sit on the combined company's board, and Steve Arnette, Executive Vice President and President of CMS will serve as the Chief Operating Officer.
Closing of the transaction will be subject to various customary closing conditions including regulatory approvals, receipt of a private letter ruling from the Internal Revenue Service, opinions from tax advisors and the effectiveness of a registration statement with the U.S. Securities and Exchange Commission. Amentum has received all the necessary shareholder approvals to complete the transaction; no vote of Jacobs' shareholders is required for the transaction. The transaction was approved by the Jacobs board of directors and is expected to close in the second half of fiscal year 2024.
J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are serving as financial advisors to Amentum and Cravath, Swaine & Moore LLP is serving as legal advisor. Centerview Partners LLC and Perella Weinberg Partners LP are serving as financial advisors to Jacobs and Wachtell Lipton, Rosen & Katz is serving as legal advisor. Goldman Sachs & Co. LLC provided financial advice to the Jacobs Board of Directors. Perella Weinberg Partners LP acted as financial advisor to Jacobs. 
