Earnings rose at Amentum, Chantilly, Va., in the third quarter of fiscal 2026 although its near-term revenue dipped from contract protest delays and other factors.
That is according to Amentum’s Aug. 10 earnings release.
Net earnings for the quarter ended July 3 were $66 million, or $0.27 a share, up from $10 million, or $0.04 a share, in the year-ago quarter. Quarterly revenue was $3.5 billion, down year-over-year from $3.56 billion.
Quarterly revenue for the Global Engineering Solutions segment, where Amentum directs its Pentagon and Department of Energy work, was $2 billion, down from $2.1 billion in the year-ago period.
“Looking ahead, we’ve made significant progress executing our strategy and our leading business development indicators remain robust including recently announced key wins and partnerships in global nuclear energy,” said Amentum CEO John Heller.
In addition to other nuclear work, Amentum leads environmental remediation teams for Idaho National Laboratory and the Oak Ridge Site in Tennessee.
In the earnings presentation, Amentum noted that it was recently picked by DOE’s National Nuclear Security Administration to negotiate a lease for an artificial intelligence data center and related energy facilities at the Savannah River Site in South Carolina. The company also said it has entered into partnership deals with companies such as Westinghouse and Rolls Royce to help develop nuclear reactors of various sizes.
Amentum also scaled back its revenue guidance for the year from a ceiling of $14.3 billion to a ceiling of $13.95 billion.