CRA Posts Record Q2, Lifts Revenue Outlook, and Upsizes Credit Facility to $400M
CRAI sits 34% above its 52-week low of $132.17.
Summary
CRA International reported record Q2 2026 results, raised full-year revenue guidance, and expanded its credit facility to $400 million, reinforcing its growth trajectory.
Key Events · Earnings and Guidance · CRAI
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Record Q2 Revenue and Profit
Revenue grew 12.8% YoY to $210.8M, with EPS up 17.3% to $2.10. Eight practices grew, six with double-digit gains, and international revenue surged 32.9%.
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Raised Full-Year Revenue Guidance
Management lifted FY2026 revenue guidance to $805M–$820M (from $785M–$805M), a $15M midpoint increase, while reaffirming non-GAAP EBITDA margin of 12.0%–13.0%.
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Credit Facility Expanded to $400M
The existing $300M revolver was replaced with a $400M facility ($75M term loan, $325M revolver), extending maturity to 2031 and adding $100M in capacity for growth and working capital.
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Quarterly Dividend Maintained
Board declared a $0.57 per share quarterly dividend, payable September 14, 2026 to shareholders of record August 25, 2026.
Analysis · CRAI · Trade & Services
CRA delivered its best-ever second quarter, with revenue jumping 12.8% to $210.8 million and EPS surging 17.3% to $2.10. Management raised full-year revenue guidance by $15 million at the midpoint, signaling confidence in sustained demand. Simultaneously, the company upsized and extended its credit facility to $400 million, adding $100 million in borrowing capacity and pushing maturity to 2031. The combination of record profits, a guidance raise, and enhanced liquidity strengthens the investment thesis, though the recent insider selling pattern warrants monitoring.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 36.7% of the 1015 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CRAI was trading at $176.99 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $132.17 to $227.29. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.