Booz Allen Hamilton Holding Corporation · BAH · FY2027 Q1 · Calendar Q3 2026
BAH: Margin Gains and Backlog Momentum Offset Civil Headwinds
The quarter supports a mixed version of the growth thesis: improving funded backlog and demand for cyber and defense technology provide evidence of durable growth drivers, but civil weakness and policy, integration and hiring risks limit confidence in a broad-based acceleration.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Relative to the prior-quarter analysis, BAH’s current quarter adds a planned Ultra I&C Mission Solutions acquisition, a 15% year-over-year increase in funded backlog and a $2.7 billion eMAPS 3 renewal. Management continues to emphasize cyber, defense technology and outcomes-based contracting, while the civil segment remains a headwind.
Guidance delta
Management maintained full-year FY2027 guidance; the analysis does not identify a guidance increase or reduction.
Key takeaways
- Q1 FY2027 revenue declined modestly year over year, while adjusted EBITDA margin improved to 11.9%.
- Funded backlog rose 15% year over year, supporting management’s emphasis on cyber and defense technology.
- The civil segment remains under pressure as BAH advances fixed-price, outcomes-based contracting and emerging technology offerings.
Management priorities
- Integrate Ultra I&C Mission Solutions and expand C3BM and autonomy offerings.
- Accelerate the Vellox rollout and develop cyber products including Ranger.
- Embed AI across customer solutions and internal operations while scaling quantum and AI-RAN initiatives.
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Try FN2 freeCompany context
Snapshot as of publicationBooz Allen Hamilton Holding Corporation (BAH) operates as a prominent consulting and technology firm, offering a diverse range of services to governmental bodies, commercial enterprises, and non-profit organizations both domestically and internationally. Their core offerings encompass strategic management and technology advisory, with a focus on areas like business strategy, human resources, and operational efficiency across various sectors. A significant aspect of their work involves advanced analytics.…
Historical context
All BAH earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FIX Comfort Systems USA, Inc. | FY2026 Q3 · Calendar Q4 2026 | +8.2% | -8.5% | Comfort Systems USA: Strong Growth, Record Backlog, Margin Watchpoints |
| BE Bloom Energy Corporation | FY2026 Q3 · Calendar Q4 2026 | +36.0% | -8.7% | Bloom Energy Raises Outlook as AI Power Demand Drives Expansion |
| SNA Snap-on Incorporated | FY2026 Q3 · Calendar Q4 2026 | -5.9% | -3.4% | Snap-on: C&I strength offsets organic sales pressure in Q3 |
| HON Honeywell International Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +1.7% | Honeywell Raises 2026 Outlook as Backlog and Forge Support Growth |
| LMT Lockheed Martin Corporation | FY2026 Q3 · Calendar Q4 2026 | +6.0% | +7.0% | Lockheed Martin: backlog and guidance rise, with execution risks |
| NSC Norfolk Southern Corporation | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +3.1% | Norfolk Southern posts strong Q3 as capex outlook rises |
Latest beats and misses
Who reports nextBeat on EPS
- CDNSFY2026 Q3 · October 26, 2026+2.9% EPS+1.8% move
- BAHFY2027 Q2 · October 23, 2026+18.9% EPS-0.3% move
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
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Sources
- Earnings call transcript and parsed analysis · 2026-07-24T18:08:46.177426+00:00
- FN2 earnings calendar · 2026-08-29T01:23:14.281271+00:00
- Polygon adjusted daily market bars · 2026-10-27T01:40:42.102765+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-27T01:40:42.099897+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.
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 2026-10-27. For educational purposes only; not investment advice.