Tetra Tech (TTEK) Q3 2026: Earnings and Revenue Both Beat Big
As seen on the 24/7 Wall St. homepage on July 29, 2026.
Tetra Tech crushed both earnings and revenue while raising full-year guidance, buoyed by $4.49 billion in backlog and a surge of new contracts in AI data centers and federal water infrastructure. The company expects net revenue of $4.315 to $4.365 billion for fiscal 2026, with adjusted EPS of $1.56 to $1.59, as U.S. federal and international markets both grow at double-digit rates.
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Tetra Tech reported adjusted EPS of $0.42 for its fiscal third quarter of 2026, topping the $0.40 consensus estimate by roughly 6%. The bigger surprise came on the top line: revenue of $1.31 billion cleared analyst expectations of about $1.08 billion by more than 21%, continuing a broad upward trend in quarterly sales that stretches back through 2024.
The company credited a $4.49 billion backlog and a wave of new contract wins in two fast-growing areas — AI data center infrastructure and federal water projects — for the strong performance. Both U.S. federal and international segments are growing at double-digit rates, giving management enough confidence to raise full-year guidance. Tetra Tech now expects fiscal 2026 net revenue of $4.315 billion to $4.365 billion, with adjusted EPS in the range of $1.56 to $1.59.
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The raised guidance is the detail most worth watching for investors. Revenue has climbed from $1.10 billion in Q2 2025 to $1.31 billion in Q3 2026, a meaningful acceleration, and management's willingness to lift the full-year outlook suggests the backlog is converting to recognized revenue at a healthy pace across both its domestic and international businesses.
Mentioned: TTEK