Hackett Group Upsizes Credit Facility to $125M, Guides for Q3 Inflection as Platform Wins Top $30M
HCKT sits 17% above its 52-week low of $9.155.
Summary
Hackett Group reported Q2 2026 results and guided for a Q3 inflection, while amending its credit facility to increase borrowing capacity to $125 million and extend maturity to 2031.
Key Events · Earnings and Guidance · HCKT
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Credit Facility Upsized to $125M
On August 3, 2026, Hackett entered a Fourth Amended and Restated Credit Agreement, increasing its revolving credit facility from $100 million to $125 million and extending the maturity to August 3, 2031. As of that date, $81.0 million was outstanding.
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Q2 Revenue Declines, Adjusted EPS In Line
Q2 2026 revenue before reimbursements was $68.3 million, down from $77.6 million a year ago. GAAP diluted EPS was $0.18, while adjusted diluted EPS was $0.34, at the midpoint of guidance.
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Q3 Guidance Signals Inflection
Management guided for Q3 revenue before reimbursements of $68.0–$70.0 million and adjusted diluted EPS of $0.37–$0.39, implying sequential revenue growth and year-over-year adjusted EPS growth.
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Platform-Led Wins Exceed $30M
CEO Ted Fernandez stated that recent platform-led wins have exceeded $30 million, driving the positive Q3 outlook and reinforcing the company's transition to AI-enabled transformation services.
Analysis · HCKT · Trade & Services
The Hackett Group delivered a mixed Q2 — revenue down year-over-year but adjusted EPS near the midpoint of guidance — while simultaneously securing a larger, longer-dated credit facility. The real story is the Q3 outlook: management is calling for a return to sequential revenue growth and year-over-year adjusted EPS expansion, backed by over $30 million in recent platform-led wins. The credit facility amendment adds $25 million in borrowing capacity and pushes maturity to 2031, providing financial flexibility as the company navigates its business model transition. The combination of an earnings inflection signal and a strengthened balance sheet makes this a notable update for a company with a ~$284 million market cap.
At the time of this filing, HCKT was trading at $10.75 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $284.4M. The 52-week trading range was $9.16 to $23.72. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.