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# Booz Allen Raises Its Profit Outlook To $6.50-$6.70 A Share Even As Revenue Slips 3.9%
- URL: https://www.bullished.co/booz-allen-raises-its-profit-outlook-to-6-50-6-70-a-share-even-as-revenue-slips-3-9-5914f61f/
- Published: 2026-10-23T11:05:53.000Z
- Updated: 2026-10-23T11:05:53.000Z
- Description: The contractor lifted its fiscal 2027 adjusted EPS range and tightened revenue guidance after civil sales fell in the second quarter.
- Author: Matteo Parrino
- Tags: Earnings, BAH, Industry: Industrials

Booz Allen Hamilton, which builds cyber and defense technology for government and business customers, raised its fiscal 2027 adjusted earnings-per-share forecast to [$6.50 to $6.70](https://www.sec.gov/Archives/edgar/data/0001443646/000162828026066971/bahexhibit991q2fy27.htm?ref=bullished.co) from $6.00 to $6.35, the company said Friday. The raise came with second-quarter revenue down 3.9% to $2.8 billion, as civil work shrank and National Security edged up.

## Profit up, sales down

Adjusted earnings per share rose [18.1% to $1.76](https://www.wusa9.com/article/syndication/associatedpress/booz-allen-fiscal-q2-earnings-snapshot/616-015626d0-129f-492e-959a-d136fd910e51?ref=bullished.co) in the quarter ended September 30, from $1.49 a year earlier. Net income rose 3.4% to $181 million, while adjusted EBITDA, a measure of operating profit, fell 3.4% to $313 million; its margin on revenue rose 10 basis points to 11.3%.

Free cash flow dropped to $263 million from $395 million. Total backlog rose 1.9% to $41 billion, and the quarterly book-to-bill ratio, a measure of new orders against revenue, was 1.5x, against 1.7x a year earlier.

CEO Horacio Rozanski said the company is "executing exceptionally well and investing in our next phase of growth."

## Civil shrinks, National Security holds

[Civil and Commercial revenue](https://www.sec.gov/Archives/edgar/data/0001443646/000162828026066971/bahexhibit991q2fy27.htm?ref=bullished.co) fell to $702 million from $827 million. National Security revenue edged up to $2,076 million from $2,063 million.

The company attributed the revenue decline to a slowed procurement environment in the prior year, which slowed program starts this year, predominantly among civil customers, and led to reduced headcount and billable expenses. Total headcount was 31,000 at September 30, down from 32,500 a year earlier.

Booz Allen's customers include the U.S. military, intelligence agencies and civil agencies.

## Guidance and the debt load

Fiscal 2027 revenue guidance narrowed to [$11.3 billion](https://www.wusa9.com/article/syndication/associatedpress/booz-allen-fiscal-q2-earnings-snapshot/616-015626d0-129f-492e-959a-d136fd910e51?ref=bullished.co) to $11.6 billion from $11.2 billion to $11.7 billion. Adjusted EBITDA guidance moved to $1,260 million to $1,290 million from $1,240 million to $1,290 million, and free cash flow guidance to $850 million to $925 million from $825 million to $925 million.

The company paid $934 million for acquisitions in the first six months and took in $1,190 million in net debt proceeds. Its net leverage ratio, net debt against trailing adjusted EBITDA, stood at 3.3 against 2.5 a year earlier. Acquisition costs in the quarter were tied to the Ultra I&C Mission Solutions business.

BAH shares closed Thursday at $78.57, up 4.7% for that session, before the results.

A regular quarterly dividend of $0.59 per share is payable December 4 to holders of record on November 12.

### Sources

- [8-K Filing — Booz Allen Hamilton Holding Corp (BAH)](https://www.sec.gov/Archives/edgar/data/0001443646/000162828026066971/bah-20261023.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit bahexhibit991q2fy27.htm — Booz Allen Hamilton Holding Corp 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001443646/000162828026066971/bahexhibit991q2fy27.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit q2fy27bahexhibit992.htm — Booz Allen Hamilton Holding Corp 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001443646/000162828026066971/q2fy27bahexhibit992.htm?ref=bullished.co) — SEC EDGAR
- [Technology Investments & Improved Execution Aid BAH Amid Rising Costs](https://finance.yahoo.com/markets/stocks/articles/technology-investments-improved-execution-aid-133000570.html?ref=bullished.co) — Yahoo Finance
- [Booz Allen: Fiscal Q2 Earnings Snapshot | wusa9.com](https://www.wusa9.com/article/syndication/associatedpress/booz-allen-fiscal-q2-earnings-snapshot/616-015626d0-129f-492e-959a-d136fd910e51?ref=bullished.co) — Associated Press