Tetra Tech Reports Strong Q2, Raises FY26 Guidance, and Boosts Dividend by 11%
TTEK is trading near its 52-week low of $29.57 (9.7% above the low).
Summary
Tetra Tech announced strong second-quarter fiscal 2026 financial results, raised its full-year guidance for both net revenue and adjusted EPS, and increased its quarterly cash dividend by 11%.
Key Events · Earnings and Guidance · TTEK
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Strong Q2 Financial Performance
Tetra Tech reported Q2 fiscal 2026 net revenue of $1.05 billion, an 8% year-over-year increase (excluding USAID/DOS and disasters), with operating income of $132 million and adjusted EPS of $0.34.
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Raised Fiscal Year 2026 Guidance
The company increased its full-year fiscal 2026 net revenue guidance to a range of $4.25 billion to $4.40 billion and adjusted EPS guidance to $1.50 to $1.58.
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Increased Quarterly Cash Dividend
The Board of Directors approved a quarterly cash dividend of $0.072 per share, an 11% increase year-over-year, marking the 44th consecutive double-digit increase.
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Robust Cash Flow and Share Repurchase Program
Tetra Tech generated $165 million in cash from operations in Q2, contributing to $238 million for the first half of fiscal 2026, and repurchased $50 million of common stock in the quarter, with $498 million remaining under its program.
Analysis · TTEK · Trade & Services
Tetra Tech's strong second-quarter performance, coupled with an upward revision of its full-year fiscal 2026 guidance, signals robust operational health and management confidence. The 11% increase in the quarterly dividend, marking the 44th consecutive double-digit raise, underscores the company's consistent financial strength and commitment to shareholder returns. Record cash flow generation and a growing backlog further enhance revenue visibility and financial stability, suggesting continued positive momentum.
At the time of this filing, TTEK was trading at $32.45 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $8.3B. The 52-week trading range was $29.57 to $43.14. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.