AECOM: The Design Franchise Is Intact Despite The Legacy Contract Charge
AECOM's Q3 weakness was driven primarily by a $337 million charge on a legacy Construction Management project awarded in 2019, rather than deterioration in the core Design business. Excluding the charge, FY26 guidance calls for $5.90-$6.10 of adjusted EPS, $1.275-$1.305 billion of adjusted EBITDA and a 17.4% adjusted EBITDA margin. The underlying business remains healthy, supported by record backlog, continued Design NSR growth and management's target for 15%+ adjusted EPS CAGR through FY29.
AECOM: Legacy Headwinds Fading Coupled With Strong Core Growth Could Provide Good Upside In 2027
AECOM is rated Buy, with attractive risk-reward as legacy construction management project headwinds are set to ease after 1H FY27. Core Design business demonstrates robust growth, supported by record $27.8 billion backlog, strong market demand, and expanded wallet share from existing clients. Margin expansion is driven by operational efficiencies, AI-enabled productivity, and a streamlined business model, with a 20%+ margin target by FY28.
Aecom (ACM) Down 1.5% Since Last Earnings Report: Can It Rebound?
Aecom (ACM) reported earnings 30 days ago. What's next for the stock?
AECOM vs. Jacobs: Which Infrastructure Stock Has More Upside?
Jacobs has the edge over AECOM, backed by stronger backlog growth, AI infrastructure demand, rising margins and improved fiscal 2026 guidance.
Is the Options Market Predicting a Spike in ACM Research Stock?
Investors need to pay close attention to ACMR stock based on the movements in the options market lately.
AECOM Expands Infrastructure Footprint With Northland Corridor Win
ACM's Warkworth-to-Te Hana design win expands its transportation footprint as regional backlog and project activity continue to strengthen.
Do Options Traders Know Something About AECOM Stock We Don't?
Investors need to pay close attention to ACM stock based on the movements in the options market lately.
Bear of the Day: AECOM (ACM)
A surprise pre-tax loss sinks this infrastructure company.
ACM Research Is Growing Fast, But Cash Flow Still Lags
ACM Research delivers strong revenue growth and improved customer diversification, but operational risks and margin volatility persist. Q2 revenue rose 36% to $292.9M, with advanced packaging and ECP technologies driving expansion and reducing reliance on single customers. Gross margin remains within target at 46%, yet inventory buildup and negative operating cash flow highlight ongoing execution challenges.
AECOM Q3 Earnings Call Highlights
AECOM NYSE: ACM reported record quarterly wins and a 13% increase in backlog during its fiscal third quarter of 2026, but the infrastructure consulting company also recorded a $337 million pre-tax charge tied primarily to delays on a large Construction Management project.
Aecom Technology (ACM) Reports Q3 Loss, Lags Revenue Estimates
Aecom Technology (ACM) came out with a quarterly loss of $0.5 per share versus the Zacks Consensus Estimate of $1.49. This compares to earnings of $1.34 per share a year ago.
ACM Research Q2 Earnings Call Highlights
ACM Research NASDAQ: ACMR reported second-quarter revenue of $292.9 million, up 36% from a year earlier, as growth in electroplating, furnace and advanced-packaging products offset a decline in cleaning-related revenue. The semiconductor equipment supplier also raised the midpoint of its full-year revenue outlook and said orders rose 105% in the first half of 2026.
