Booz Allen Hamilton (BAH) Q2 2027 Earnings
GAAP results include a $10 million gain from an earnout associated with contracts sold in Q4 FY26, and $17 million in other corporate expenses primarily related to Ultra I&C Mission Solutions acquisition costs. Adjusted Diluted EPS excludes $17 million in other corporate expenses and $22 million in acquisition amortization, net of tax effects.
How Did BAH Stock React to Q2 2027 Earnings?
Did BAH Beat Earnings? Q2 2027 Results
Yes. Booz Allen Hamilton reported Q2 2027 earnings of $1.76 a share on Oct 23, 2026, beating the $1.48 consensus estimate by 18.8%. Revenue was $2.8B against a $2.8B estimate.
Booz Allen Hamilton delivered a sharply bifurcated second quarter for fiscal 2027, beating profit expectations by a wide margin even as revenue fell short of forecasts. Adjusted diluted EPS came in at $1.76, well ahead of the $1.48 consensus estimate, a beat of 18.83%, driven by strong contract execution and a $10 million earnout gain tied to contracts divested in Q4 FY26. Revenue, however, slipped 3.9% year-over-year to $2.78 billion, missing the $2.81 billion consensus by 1.14%, as a prolonged procurement slowdown continued to weigh on the Civil and Commercial segment, where revenue fell to $702 million from $827 million a year ago. The National Security business, by contrast, held steady at $2.08 billion, providing a meaningful counterweight. Backlog grew 1.9% to $40.93 billion with a 1.5x book-to-bill ratio, signaling healthy demand ahead. Management raised its full-year adjusted diluted EPS guidance to $6.50 to $6.70, up from a prior range of $6.00 to $6.35, while narrowing revenue guidance to $11.30 to $11.60 billion.
- Strong contract execution driving profitability above expectations
- National Security revenue ex-billables up 5.9% year-over-year
- Lower income tax expense boosting net income
- $10 million gain from earnout on prior contract divestiture
- Reduced share count benefiting per-share metrics
- Civil business revenue decline due to slowed procurement environment impact
“Booz Allen is executing exceptionally well and investing in our next phase of growth. We are building and scaling our cyber and defense tech products and bringing super intelligence into our nation's most critical missions to deliver greater value and impact.”
Booz Allen Hamilton CEO, on the earnings call
What Is Booz Allen Hamilton's Outlook?
Booz Allen raised its FY27 guidance: Revenue of $11.3–$11.6 billion (1–3% YoY growth), narrowed from $11.2–$11.7 billion. Adjusted EBITDA of $1,260–$1,290 million (margin ~11%), tightened from $1,240–$1,290 million. Adjusted Diluted EPS raised to $6.50–$6.70 from prior $6.00–$6.35. Free cash flow of $850–$925 million, narrowed from $825–$925 million. Guidance assumes an effective tax rate of 16–19%, average diluted shares outstanding of 118–120 million, and capital expenditures of approximately $200 million.
BAH YoY Financials
| Metric | Q2 2027 | Q2 2026 | Year over year |
|---|---|---|---|
| Revenue | $2.8B | $2.9B | −3.9% |
| Operating Income | $245.0M | $283.0M | −13.4% |
| Net Income | $181.0M | $175.0M | +3.4% |
BAH Revenue by Segment
When Does Booz Allen Hamilton Report Next?
Figures from SEC filings and company reports. Not investment advice.