AECOM Reports Strong Q1 Results, Raises Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2026
0mins
Should l Buy ACM?
Source: seekingalpha
AECOM's stock fell 5.14% as it crossed below the 20-day SMA amid broader market declines, with the Nasdaq-100 down 0.78% and the S&P 500 down 0.26%.
Despite the stock's decline, AECOM reported Q1 revenue of $3.83 billion, exceeding expectations and reflecting strong performance in the infrastructure services sector. The company raised its fiscal 2026 adjusted EPS guidance to between $5.85 and $6.05, driven by a record backlog of $26 billion, which is a 9% increase year-over-year. This strong performance indicates robust market demand and confidence in future growth, despite a net income decline.
The implications of AECOM's strong earnings report and raised guidance suggest that the company is well-positioned for future growth, even as its stock price experiences short-term volatility. The increased backlog and shareholder returns reflect a solid foundation for sustained performance.
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Analyst Views on ACM
Wall Street analysts forecast ACM stock price to rise
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 96.170
Low
100.00
Averages
133.78
High
152.00
Current: 96.170
Low
100.00
Averages
133.78
High
152.00
About ACM
AECOM is a global provider of professional infrastructure consulting and advisory services for governments, businesses and organizations throughout the world. It provides advisory, planning, consulting, architectural and engineering design, construction and program management services, and investment and development services to public and private clients worldwide in major end markets, such as transportation, facilities, water, environmental, and energy. Its Americas segment provides planning, consulting, architectural and engineering design, construction management and program management services to public and private clients in the United States, Canada, and Latin America. Its International segment provides planning, consulting, architectural and engineering design services and program management to public and private clients in Europe, the Middle East, India, Africa, and the Asia-Australia-Pacific regions. Its ACAP segment primarily invests in and develops real estate projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Environmental Planning Support: The company will also assist with environmental planning, including systemwide studies and regulatory approvals for new projects, ensuring compliance with environmental standards for smooth project progression.
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See More
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See More
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- Data-Driven Insights: By integrating TomTom's Traffic Stats, Historic Traffic Volumes, and Live Traffic products, AECOM can deliver more accurate data analysis to its global teams, helping to improve mobility, enhance safety, and optimize infrastructure investments.
- Addressing Urbanization Challenges: In the context of urbanization and changing travel patterns, AECOM will utilize TomTom's high-quality traffic data to support governments and private sectors in making more informed transport decisions to tackle the challenges of a new era of transportation.
- Enhancing Traffic Management Efficiency: TomTom's Live Traffic service provides low-latency speed data and incident detection to traffic management centers and emergency services, enabling AECOM's traffic management teams to respond more effectively to network disruptions and congestion, thereby improving road safety and efficiency.
See More
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- Net Income Decline: Despite the revenue beat, net income fell to $140 million, or $1.06 per share, reflecting lower pass-through revenue impacts, yet the company maintained strong growth in net service revenue, which increased by 5% on an adjusted basis.
- Record Backlog: AECOM's total backlog reached $26 billion, a 9% increase year-over-year, marking a record high for the company, and the book-to-burn ratio of 1.5x indicates sustained strong market demand, with 21 consecutive quarters above 1.0.
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See More
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- Upwork Client Decline: Upwork revealed that active clients at the end of 2025 totaled 785,000, down from 832,000 the previous year, leading to a 22% plunge in shares; additionally, the current quarter revenue guidance of $192 million to $197 million fell short of the $201 million consensus estimate, highlighting weakening market demand.
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