Booz Allen Hamilton (US:BAH)2025-10-24 12:00Financial Performance - Q2 FY26 - Revenue decreased by 8.1% to $2.9 billion, primarily due to a decrease in headcount and a slowed procurement environment[44] - Excluding the prior year change to the provision for claimed costs, revenue was down 4.7%[12, 13] - Adjusted EBITDA decreased by 11.0% to $324 million[12, 21] - Adjusted Diluted EPS decreased by 17.7% to $1.49[12, 21] - Free Cash Flow decreased by 29.8% to $395 million[12] Financial Position - Backlog increased by 3% year-over-year to $40 billion, a Q2 record[13] - Net Leverage Ratio is 2.5x[16, 35] Capital Deployment - $208 million was deployed in share repurchases in Q2 FY26[15] - The company increased repurchase authorization by $500 million[15] - A quarterly dividend of $0.55 per share was approved[15] - $3 million was deployed in strategic investment in Shift5 in Q2 FY26[15] FY26 Guidance Update - Revenue guidance updated to $11.3 - $11.5 billion, representing a growth of (4.0 - 6.0)%[17] - Adjusted EBITDA guidance updated to $1,190 - $1,220 million[17] - Adjusted Diluted EPS guidance updated to $5.45 - $5.65[17] - Free Cash Flow guidance updated to $850 - $950 million[17]