Q2 26 EPS Adjusted
$0.91
BEAT +29.59%
Est. $0.70
Q2 26 Revenue
$4.33B
BEAT +12.06%
Est. $3.86B
Market Reaction
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. T… Read more 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
FLR 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, source: SEC Filings
FLR Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Jim Breuer, Q2 2026 Earnings Press Release
FLR Earnings Trends
FLR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FLR EPS Trend
Earnings per share: estimate vs actual
FLR Revenue Trend
Quarterly revenue: estimate vs actual
FLR Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.70 | $0.91 | +29.59% | $4.33B | +12.06% |
| Q1 26 MISS | $0.62 | $0.14 | -77.26% | $3.66B | -5.92% |
| Q4 25 MISS FY | $0.34 | $0.33 | -3.57% | $4.18B | -2.21% |
| FY Full Year | $2.20 | $2.19 | -0.36% | $15.50B | -1.40% |
| Q3 25 BEAT | $0.45 | $0.68 | +51.18% | $3.37B | -19.75% |
| Q2 25 MISS | $0.56 | $0.43 | -23.26% | $3.98B | -12.55% |
| Q1 25 BEAT | $0.50 | $0.73 | +45.94% | $3.98B | -4.67% |