EarningsQ2 2026 Earnings Report
MX:KBR Q2 2026 EPS Results
Actual EPS$17.98
Consensus EPS$16.27
Beat/MissBeat by +$1.71
One Year Ago EPS$16.53
MX:KBR Q2 2026 Revenue Results
Actual Revenue$36.03B
Expected Revenue$34.00B
Beat/MissBeat by +$2.03B
YoY Revenue Growth+1.64%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
MX:KBR Upcoming Earnings
KBR's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:KBR Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed multiple strong operational and financial positives: record STS backlog (+40% YoY), a large and growing pipeline, strong contract visibility (80% of STS and 94% of MTS 2026 revenue already under contract), margin expansion at the consolidated level (Adj. EBITDA margin +60 bps) and continued progress on the planned separation (Trinzic launch, leadership hires, regulatory milestones). Offsetting items include near-term margin volatility in STS driven by procurement mix, a modest revenue decline and low book-to-bill in MTS this quarter, awarded work under protest delaying backlog recognition (~$10.6B), and temporary cash flow timing impacts from Middle East collections. Overall the positives are prominent and management reaffirmed full-year guidance, signaling confidence in execution and outlook despite some timing and mix headwinds.Company Guidance
Consolidated Revenue and Profitability Growth
Q2 consolidated revenue ~ $2.0B, up $32M (2% YoY). Excluding elevated EUCOM contingency activity from prior year, revenue rose ~ $91M (~5% YoY). Adjusted EBITDA increased $16M to $258M and adjusted EBITDA margin expanded ~60 bps to 13%. Adjusted EPS increased $0.08 to $0.99.
STS Record Backlog and Strong Pipeline
Sustainable Technology Solutions backlog ended Q2 at a record $5.5B, up 40% YoY. Q2 STS book-to-bill 1.5x (trailing 12-month 1.3x). Near-term STS pipeline > $6B (excludes large reimbursable LNG EPCs). Work under contract represents ~80% of STS 2026 revenue guidance midpoint.
STS Revenue Acceleration
STS revenue of $676M, up $60M (10% YoY) and up ~8% sequentially. Year-to-date STS adjusted EBITDA margins excluding LNG JV earnings ~14.5%, supporting the company’s mid-teens full-year revenue and margin outlook for STS.
MTS Strong Visibility and Large Award Activity
Mission Tech (MTS) shows strong contract visibility with ~94% of full-year revenue guidance under contract. There is ~ $10.4B awaiting award and expected bid volume > $25B in 2026 (up ~50% YoY). Several large awards have been announced (e.g., NSF Antarctica) demonstrating portfolio strength.
MTS Margin Expansion and Execution
MTS Q2 revenue ~$1.3B (down $28M YoY; excluding EUCOM contingency activity revenue up ~2%). Adjusted EBITDA rose $22M to $158M and margins expanded ~190 bps to 12.1%; year-to-date margin 11.4%—modestly ahead of plan.
Cash Flow, Leverage and Capital Deployment Discipline
First-half adjusted operating cash flow $183M with adjusted OCF conversion ~74%. Net leverage ~2.3x trailing adjusted EBITDA, flat sequential and below the 2.5x target. Capital deployed in H1 totaled $261M ( ~$190M invested, $71M returned to shareholders via dividends and repurchases), including ~$25M repurchased in the quarter.
Separation Progress and Leadership for Trinzic
Separation remains on track for planned spin date Jan 4, 2027. Key transaction milestones progressing: private letter ruling submitted to IRS (final ruling expected Sept), Form 10 in SEC review, Day 1 operational readiness advancing. New MTS brand announced (Trinzic) with CEO/CFO designates and majority of leadership in place.
Sustainability and Safety Achievements
Published 2025 Sustainability & Corporate Responsibility report highlighting record safety performance and ~35% of revenues focused on sustainability-related work, reinforcing ESG positioning and strategy alignment.
MX:KBR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed