Analyst Consensus ?
ConsensusBuy24 ratings
Bullish2187.5%
Neutral28.3%
Bearish14.2%
Aramark · ARMK · FY2026 Q2 · Calendar Q2 2026
Aramark pairs strong growth with a new hyperscale data-center platform
Aramark’s FY26 Q2 results support a constructive operating trajectory: strong organic growth, client retention, productivity gains, and new contract wins were accompanied by higher guidance. The main uncertainty is execution around Aramark Nexus, whose timing and margin contribution are not yet included in guidance.
Reported Before market openNYSEIndustrials
$14.66B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.49
Consensus $0.47
EPS surprise
+3.3%
Reported versus consensus
Reported revenue
$4.81B
Consensus $4.75B
Revenue surprise
+1.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+8.6%
Event window
SPY move
-0.2%
Same window
Abnormal move
+8.8%
Stock minus SPY
Volume
2.8×
Versus trailing sessions
Subsequent drift
+10.1%
Up to 20 sessions
ARMKSPY benchmark
Ask FN2 about ARMK FY2026 Q2
Transcript, numbers and history already loaded
Why did ARMK rise 8.6% after beating EPS estimates in FY2026 Q2?What changed in ARMK's guidance and outlook in FY2026 Q2?Give me the bull and bear case for ARMK after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The quarter added Aramark Nexus, a capital-light hospitality platform for hyperscale AI data centers, and highlighted $1 billion of new client signings. Management also cited a $15–20 million weather-related revenue impact in Q2 and raised guidance to the top of its organic-growth range.
Guidance delta
Management raised guidance to the high end of its 7–9% organic revenue growth range and reaffirmed 12–17% AOI growth.
Key takeaways
- Organic revenue grew 12% year over year, supported by new wins and client retention above 98%.
- Operating income rose 26% and adjusted EPS increased 40%, with productivity gains and cost discipline supporting profitability.
- Aramark Nexus expands the company into hyperscale AI data-center services and is expected to carry above-average margins, but its impact is not yet reflected in guidance.
- Free cash flow rose 116% year over year, supporting debt reduction, share repurchases, and a target of leverage below 3x.
Management priorities
- Scale Aramark Nexus across multiple AI data-center locations.
- Continue winning contracts in business and industry facilities, higher education, and healthcare.
- Deploy Culinary Copilot and LaborIQ productivity initiatives.
- Maintain share repurchases and reduce leverage to below 3x.
- Expand route density in Central New York, the Southeast, and the Pacific Northwest.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$54.28Current
$33Low
$56.7Average
$74High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Aug 19, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 13, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 13, 2026 |
| UBS | Buy | Buy | Maintain | Aug 12, 2026 |
| Stifel | Buy | Buy | Maintain | Aug 12, 2026 |
| Jefferies | Buy | Buy | Maintain | Aug 12, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 12, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 27, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jun 29, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jun 2, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | May 13, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Oct 16, 2024 |
| Deutsche Bank | Buy | Hold | Upgrade | Aug 7, 2024 |
| Barclays | Underweight | Underweight | Maintain | Aug 10, 2023 |
| Bernstein | Perform | Market Perform | Maintain | Apr 19, 2023 |
| Berenberg | Buy | Hold | Upgrade | Oct 21, 2021 |
| Stifel Nicolaus | Buy | Hold | Upgrade | Aug 19, 2019 |
| Nomura | Buy | Neutral | Upgrade | Aug 19, 2019 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 10, 2018 |
| Macquarie | Outperform | Outperform | Maintain | Aug 25, 2016 |
| Bank of America | Buy | Buy | Maintain | Aug 11, 2016 |
| Sterne Agee CRT | Buy | Buy | Maintain | Mar 22, 2016 |
| Credit Agricole | Outperform | Outperform | Maintain | Oct 1, 2014 |
| Wells Fargo | Outperform | Outperform | Maintain | Jan 21, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $54.28. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Analyst unavailable | $70 | $60.23 | +29.0% | Aug 19, 2026 |
| New Street | Analyst unavailable | $70 | $60.35 | +29.0% | Aug 13, 2026 |
| Jefferies | Analyst unavailable | $70 | $61.24 | +29.0% | Aug 12, 2026 |
| Deutsche Bank | Analyst unavailable | $74 | $60.46 | +36.3% | Aug 12, 2026 |
| Goldman Sachs | Analyst unavailable | $70 | $60.45 | +29.0% | Aug 12, 2026 |
| UBS | Analyst unavailable | $71 | $60.47 | +30.8% | Aug 12, 2026 |
| Robert W. Baird | Andrew Wittmann | $69 | $60.47 | +27.1% | Aug 12, 2026 |
| Morgan Stanley | Analyst unavailable | $63 | $60.47 | +16.1% | Aug 11, 2026 |
| Truist Financial | Jasper Bibb | $70 | $57.18 | +29.0% | Jul 27, 2026 |
| Robert W. Baird | Andrew Wittmann | $63 | $57 | +16.1% | Jul 24, 2026 |
| UBS | Joshua Chan | $67 | $58.3 | +23.4% | Jul 13, 2026 |
| Deutsche Bank | Analyst unavailable | $65 | $56.05 | +19.7% | Jun 29, 2026 |
| Oppenheimer | Analyst unavailable | $65 | $56.06 | +19.7% | Jun 29, 2026 |
| Oppenheimer | Ian Zaffino | $60 | $53.3 | +10.5% | Jun 11, 2026 |
| RBC Capital | Analyst unavailable | $55 | $50.87 | +1.3% | May 14, 2026 |
| Truist Financial | Jasper Bibb | $58 | $49.49 | +6.9% | May 13, 2026 |
| Deutsche Bank | Analyst unavailable | $54 | $49.34 | -0.5% | May 13, 2026 |
| Morgan Stanley | Analyst unavailable | $50 | $49.24 | -7.9% | May 13, 2026 |
| UBS | Analyst unavailable | $56 | $48.4 | +3.2% | May 13, 2026 |
| Robert W. Baird | Analyst unavailable | $58 | $48.4 | +6.9% | May 13, 2026 |
| Goldman Sachs | Analyst unavailable | $51 | $48.4 | -6.0% | May 13, 2026 |
| Truist Financial | Analyst unavailable | $50 | $39.27 | -7.9% | Feb 17, 2026 |
| UBS | Analyst unavailable | $47 | $41.32 | -13.4% | Feb 11, 2026 |
| Robert W. Baird | Analyst unavailable | $50 | $40.96 | -7.9% | Feb 11, 2026 |
| Morgan Stanley | Toni Kaplan | $45 | $40.96 | -17.1% | Feb 10, 2026 |
| Robert W. Baird | Analyst unavailable | $46 | $36.68 | -15.3% | Nov 18, 2025 |
| Stifel Nicolaus | Analyst unavailable | $44 | $36.04 | -18.9% | Nov 17, 2025 |
| UBS | Analyst unavailable | $45 | $38.4 | -17.1% | Oct 1, 2025 |
| UBS | Analyst unavailable | $46 | $39.56 | -15.3% | Aug 6, 2025 |
| Morgan Stanley | Toni Kaplan | $43 | $40.4 | -20.8% | Dec 12, 2024 |
| RBC Capital | Karl Green | $42.5 | $38.53 | -21.7% | Sep 17, 2024 |
| Truist Financial | Jasper Bibb | $42 | $37.99 | -22.6% | Sep 11, 2024 |
| Robert W. Baird | Andrew Wittmann | $38 | $34.62 | -30.0% | Aug 7, 2024 |
| Deutsche Bank | Faiza Alwy | $39 | $33.66 | -28.2% | Aug 7, 2024 |
| Oppenheimer | Ian Zaffino | $39 | $32.9 | -28.2% | Jun 12, 2024 |
| Jefferies | Stephanie Moore | $37 | $32 | -31.8% | Jun 4, 2024 |
| Truist Financial | Jasper Bibb | $37 | $31.59 | -31.8% | Mar 20, 2024 |
| Goldman Sachs | Lizzie Dove | $33 | $28.81 | -39.2% | Jan 17, 2024 |
| J.P. Morgan | Analyst unavailable | $44 | $40.89 | -18.9% | Feb 8, 2023 |
| Morgan Stanley | Analyst unavailable | $44 | $41.96 | -18.9% | Jan 4, 2023 |
| Barclays | Analyst unavailable | $36 | $41.9 | -33.7% | Dec 2, 2022 |
| Deutsche Bank | Analyst unavailable | $43 | $40.51 | -20.8% | Nov 16, 2022 |
| Morgan Stanley | Analyst unavailable | $41 | $39.94 | -24.5% | Nov 16, 2022 |
| RBC Capital | Analyst unavailable | $45 | $40.55 | -17.1% | Nov 16, 2022 |
| Morgan Stanley | Analyst unavailable | $38 | $33.1 | -30.0% | Sep 27, 2022 |
| Morgan Stanley | Analyst unavailable | $37 | $36.44 | -31.8% | Aug 10, 2022 |
| Oppenheimer | Ian Zaffino | $32.49 | $24.89 | -40.1% | Jul 21, 2021 |
Track every rating change on ARMK the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationBased in Philadelphia, Pennsylvania, Aramark, established in 1959, provides a comprehensive array of services encompassing food management, facility solutions, and uniform provision. The company serves a diverse global clientele, including educational institutions, healthcare providers, various businesses and industrial clients, sports and entertainment venues, leisure operators, and correctional facilities, both within the United States and internationally. Aramark organizes its operations into three primary divisions: U.S. Food and Support Services, International Food and Support Services, and Uniform and Career Apparel. Its extensive food-related offerings feature managed dining programs, catering solutions, food service management, and convenience retail options. This includes operating on-site restaurants, providing executive dining experiences, managing convenience stores, and offering beverage and vending services.…
Historical context
All ARMK earningsIndustrials peers this season
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|---|---|---|---|---|
| CTAS Cintas Corporation | FY2027 Q1 · Calendar Q3 2026 | +3.0% | -3.4% | Cintas raises FY2027 guidance as Q1 growth broadens |
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| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
Latest beats and misses
Who reports nextBeat on EPS
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
Get the ARMK recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-12T21:13:01.525366+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-24T13:30:58.907783+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T13:30:58.905105+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-24. For educational purposes only; not investment advice.