Companies /Industrials

Fluor Corporation

NYSE: FLR Engineering & Construction
$54.02
â–² $1.99 (+3.82%) today
Markets open · 4:15pm ET

Q2 2026 Earnings

Reported Aug 7, 2026, 7:01am ET · SEC source
$0.91
Beat +29.59%
EPS · est. $0.70 Adjusted
$4.3B
Beat +12.06%
Revenue · est. $3.9B
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
0+4%+8%Aug 7Aug 7report 7:01am ETearnings+0.3%+9.3%
0+4%+8%Aug 7Aug 7earnings+0.3%+9.3%
FLR +9.3%S&P 500 +0.3%
0+4%+8%Aug 7Aug 7report 7:01am ETearnings+0.6%+9.3%
0+4%+8%Aug 7Aug 7earnings+0.6%+9.3%
FLR +9.3%NASDAQ +0.6%
−5%0+5%+10%Aug 6Aug 14report 7:01am ETearnings+0.8%+2.1%
−5%0+5%+10%Aug 6Aug 14earnings+0.8%+2.1%
FLR +2.1%S&P 500 +0.8%
−5%0+5%+10%Aug 6Aug 14report 7:01am ETearnings+1.9%+2.1%
−5%0+5%+10%Aug 6Aug 14earnings+1.9%+2.1%
FLR +2.1%NASDAQ +1.9%
+16.92%
Day of report
−8.33%
Next session
−8.12%
One week

Did FLR Beat Earnings? Q2 2026 Results

Fluor Corporation delivered a standout second quarter for fiscal 2026, posting adjusted EPS of $0.91 against a consensus estimate of $0.70, a beat of 29.59%, while revenue of $4.33 billion topped expectations by 12.06% and grew 8.8% year over year. The headline driver behind the revenue strength was Urban Solutions, which surged from $2.07 billion to $2.90 billion on robust mining, metals, and infrastructure execution, even as the segment absorbed $44 million in cost growth on the Gordie Howe International Bridge project. New awards of $6.10 billion, up sharply from $1.77 billion a year ago and 89% reimbursable, signaled strong pipeline conversion that analysts had been watching closely heading into the print. GAAP net earnings attributable to Fluor came in at $114 million, or $0.81 diluted EPS, with year-ago comparisons heavily distorted by NuScale-related equity method gains. Looking ahead, Fluor narrowed its full-year adjusted EBITDA guidance to $500 million to $525 million, reflecting the removal of second-half contributions from its divested Mexico joint venture, while reiterating its $1.40 billion share repurchase target for 2026.

Key Takeaways
  • Increased execution levels on mining and metals projects in Urban Solutions
  • Favorable close-out items in Energy Solutions including Mexico JV divestiture
  • Improved award fee performance within DOE portfolio in Mission Solutions
  • $44 million cost growth on Gordie Howe International Bridge project due to foreign currency, subcontractor bankruptcy, and client-driven changes
  • Strong new awards of $6.1 billion with 89% reimbursable
  • G&A expenses reduced to $41 million from $52 million year-over-year

“Our second quarter awards demonstrate the successful pull-through of our front-end work and the confidence clients have in Fluor to advance their most important investments.”

Fluor CEO, on the earnings call

Forward Guidance & Outlook

Fluor narrowed its 2026 adjusted EBITDA guidance from $525–$560 million to $500–$525 million, reflecting the removal of previously estimated second-half contributions from the divested Mexico JV. The company is still targeting $1.4 billion in share repurchases for 2026. The company is not providing forward-looking guidance for U.S. GAAP net earnings or EPS.

FLR YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$2.0B$4.0B$4.0B$4.3BRevenue$2.5B$114.0MNet Income
$0$2.0B$4.0BRevenueNet Income

FLR Revenue by Segment

Urban Solutions$2.9B+40.3%
Energy Solutions$709.0M−38.0%
Mission Solutions$716.0M−6.0%

Figures from SEC filings and company reports. Not investment advice.