Oct. 24 at 3:39 PM
Booz Allen stock fell after reporting weak results and cutting its outlook amid a “funding slowdown.”
The government and business tech contractor posted EPS of
$1.49 on
$2.9 billion in revenue for its fiscal Q2, missing estimates of
$1.51 and
$3 billion. Sales fell 8.1% year over year, and EPS dropped 18%.
The company cut its FY2026 revenue forecast to
$11.3–
$11.5 billion (from
$12–
$12.5 billion) and its EPS range to
$5.45–
$5.55 (from
$6.20–
$6.55).
Shares slid 8.4% to
$89.92 Friday, while the S&P 500 and Dow rose about 0.8%. CEO Horacio Rozanski said demand remains strong for cyber, AI, and defense tech, with orders 1.7x sales in the quarter.
Booz Allen shares are down 22% YTD and 40% over the past year. Cantor Fitzgerald’s Colin Canfield kept a Buy rating and
$160 target, but said growth acceleration is needed before making the stock a top pick again.
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