It has been about a month since the last earnings report for Aecom Technology (ACM - Free Report) . Shares have lost about 1.5% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Aecom due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for AECOM before we dive into how investors and analysts have reacted as of late.
ACM Q3 Earnings and Revenues Miss on Construction Management ChargeAECOM reported a sharp third-quarter fiscal 2026 earnings miss as a Construction Management project charge pushed adjusted EPS to a loss of 50 cents. Adjusted EPS fell 137.3% from $1.34 a year ago and missed the Zacks Consensus Estimate of $1.49 by 133.6%.
Net service revenues (NSR) declined 16% year over year to $1.61 billion, missing the consensus mark of $2.02 billion.
ACM's Construction Charge Pressures ProfitabilityConsolidated revenues fell 14.2% year over year to $3.59 billion. AECOM reported an operating loss of $76 million against an operating income of $294.1 million a year ago. Adjusted EBITDA was a loss of $8.2 million against income of $312.8 million in the prior-year quarter.
The $337 million pre-tax charge reflected a higher projected cost to complete a Construction Management project, mainly due to lower subcontractor productivity and a delayed timeline. The company expects substantial completion in the second quarter of fiscal 2027.AECOM also expects to pursue claims through dispute resolution, has tightened risk controls since the project was awarded in 2019 and no longer pursues design-build P3 projects in the Construction Management business.
AECOM’s Segment DetailsAmericas revenues declined 20% year over year to $2.63 billion. NSR fell 29% to $808.4 million, although Americas design NSR increased 6% after adjusting for one fewer working day in the quarter.
Adjusted segment loss from operations was $130.2 million. Excluding the Construction Management charge, adjusted operating margin was 18.0%, down 250 basis points year over year. Americas backlog rose 8% to a record, supported by a 1.8x book-to-burn ratio.
International revenues increased 6% year over year to $953.1 million. NSR rose 4% to $800.5 million, driven by strong growth in the U.K. and Australian markets.
Adjusted operating income advanced 26% to $114.1 million. Adjusted operating margin expanded 240 basis points to 14.3%, aided by stronger growth and restructuring actions taken within the last year. Backlog increased 28% to a record, with a 1.4x book-to-burn ratio.
AECOM's Record Wins Support Backlog MomentumThird-quarter wins reached a record $4.2 billion, including $4 billion of design wins. The overall book-to-burn ratio was 1.6x, while year-to-date wins rose 29% to $10.5 billion.
The design pipeline also reached a new high despite the record quarterly wins. Design-only backlog stood at $26.14 billion at quarter-end. The U.S. federal defense pipeline was up roughly 30%, Canada delivered double-digit NSR growth and Australia backlog increased more than 40% year over year. Management also highlighted two of the largest contract recompetes in AECOM's history, both with expanded scope.
ACM Cash Flow Feels Construction HeadwindsOperating cash flow declined 66% year over year to $95.2 million, while free cash flow fell 79% to $55.1 million. Management expects cash-use headwinds from Construction Management projects to continue through the fourth quarter of fiscal 2026 and the first half of fiscal 2027.
Cash and cash equivalents were $1.01 billion as of June 30, 2026, compared with $1.59 billion at Sept. 30, 2025. Total debt was $2.75 billion, while net leverage was 1.5x. AECOM expects to return to at least 100% free cash flow conversion over the long term once project-related cash impacts subside.
AECOM Updates FY26 GuidanceAECOM now expects fiscal 2026 adjusted EPS of $3.95-$4.15, adjusted EBITDA of $935-$965 million and NSR of $7.30-$7.35 billion. Free cash flow is projected at approximately $300 million. The update reflects the Construction Management charge, stronger underlying margins and lower NSR growth expectations.
Excluding the charge, guidance calls for adjusted EPS of $5.90-$6.10, adjusted EBITDA of $1,275-$1,305 million and NSR of $7.65-$7.70 billion. AECOM also expects a 17.0% segment adjusted operating margin and a 17.4% adjusted EBITDA margin. The company reaffirmed its fiscal 2026-2029 organic NSR growth CAGR target of 5-8%, a 20%+ margin exit rate by fiscal 2028 and 15%+ adjusted EPS and free cash flow per-share growth CAGR.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.
VGM ScoresCurrently, Aecom has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. Following the exact same course, the stock has a score of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of this revision indicates a downward shift. Interestingly, Aecom has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry PlayerAecom belongs to the Zacks Engineering - R and D Services industry. Another stock from the same industry, Tetra Tech (TTEK - Free Report) , has gained 0.7% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
Tetra reported revenues of $1.11 billion in the last reported quarter, representing a year-over-year change of -3.9%. EPS of $0.42 for the same period compares with $0.43 a year ago.
For the current quarter, Tetra is expected to post earnings of $0.47 per share, indicating a change of +4.4% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Tetra. Also, the stock has a VGM Score of D.
Joint research team modeled a 12,635-atom protein, the largest-known to be simulated using quantum computers.
Breakthrough was achieved through quantum and classical methods working together, expanding quantum-centric supercomputing's potential in life sciences research.
, /PRNewswire/ -- A multidisciplinary team from Cleveland Clinic, RIKEN and IBM (NYSE: IBM) has been named as a finalist for the 2026 Association for Computing Machinery (ACM) Gordon Bell Prize for simulating the largest biologically meaningful molecules ever modeled with quantum computers, reaching a scale of 12,635 atoms. To achieve these results, the team united the strengths of quantum and classical computing methods in a framework known as quantum-centric supercomputing.
The ACM Gordon Bell Prize recognizes outstanding achievement in high-performance computing and is one of the field's most prestigious honors. The 2026 winner will be announced at the International Conference for High-Performance Computing, Networking, Storage, and Analysis (SC26), taking place Nov. 15–20, 2026 in Chicago.
The origins of the project are rooted in the team's investigation into how computation in drug discovery can be improved. Doing so rests on two fundamental challenges: first, modeling the movement of atoms as biological processes unfold; and second, accurately computing their energies. Particularly the second challenge is well-suited for quantum computers, which operate by the laws of quantum mechanics.
In the work, initially published in May 2026, the team calculated the electronic structure of two large protein complexes using the IBM Quantum Heron processors running within the IBM quantum computers at Cleveland Clinic in the United States and RIKEN in Japan. The calculations were executed alongside two of the world's most powerful supercomputers, Fugaku at RIKEN and Miyabi-G, which is operated by the University of Tokyo and University of Tsukuba. The quantum computers used up to 94 qubits to run nearly 6,000 quantum operations within certain parts of the problem, which was essential to the computation's accuracy and success. Fugaku and Miyabi-G were used to reassemble the results and allow the team to gain a complete representation of each molecule.
The results reflect the team's innovative approach alongside the rapid maturation of quantum computing. Using the sample-based quantum diagonalization by IBM and RIKEN (featured on the cover of Science Advances) along with embedded wavefunction methods adapted by Cleveland Clinic to the question at hand, the team was able to report the first-known simulation of a 303-atom protein achieved with quantum computers. Less than a year later, the team first scaled their method roughly 40 times while also achieving 210 times improvement in accuracy. In updated results recently published in September, the team advanced the work even further. Most notably, they were able to further improve the accuracy of their computations of the binding energies of the molecular system, which reflect how tightly the molecules are bound together and can predict how they could interact with other systems.
In addition, the team validated the workflow on a third supercomputer, JHPC-quantum GPU supercomputer "ROQUO," RIKEN's newest system in a way that eliminated the need for complex manual operations and data transfers – pointing toward faster, more accessible research. By orchestrating CPUs, GPUs, and QPUs together, the team minimized the need for manual transfers and further reduced errors — an early demonstration of how classical and quantum computing can work in concert on complex scientific problems.
Taken together with the earlier results, these updates reflect continued progress on both the accuracy of computed binding energies and the time-to-solution enabled by the automated workflow.
The quantum-classical techniques developed by the team continues to reduce the computational overhead required to directly represent the chemistry of molecular systems with accuracy and is pushing the frontiers of what is possible with quantum-centric supercomputing in the field. The work has demonstrated a path to further increase the accuracy of how molecular system can be calculated and is a step towards helping researchers better predict how medicines may interact with protein targets.
The research team includes Kenneth Merz Jr, Akhil Shajan, Danil Kaliakin, Fangchun Liang of Cleveland Clinic, Yuichi Otsuka, Tomonori Shirakawa, Lukas Broers, Han Xu, Miwako Tsuji, Mitsuhisa Sato, Seiji Yunoki of RIKEN Center for Computational Science, and Ryo Wakizaka, Yukio Kawashima, Jun Doi, Hitomi Takahashi, Toshinari Itoko, Hiroshi Horii, Thaddeus Pellegrini, Javier Robledo Moreno, Kevin J. Sung, Ella Fejer, Robert Walkup, Seetharami Seelam, Mario Motta of IBM.
To read the full study, visit: https://arxiv.org/abs/2605.01138
Research Support
This research is supported by NEDO (New Energy and Industrial Technology Development Organization), an organization under the jurisdiction of Japan's Ministry of Economy, Trade and Industry (METI)'s "Research and Development of Quantum-Supercomputers Hybrid Platform for Exploration of Uncharted Computable Capabilities" (Project Leader: Mitsuhisa Sato) as part of the "Project for Research and Development of Enhanced Infrastructures for Post 5G Information and Communications Systems (JPNP20017)."
About Cleveland Clinic
Cleveland Clinic is a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education. Founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation, Cleveland Clinic has pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. Cleveland Clinic is consistently recognized in the U.S. and throughout the world for its expertise and care. Among Cleveland Clinic's 83,000 employees worldwide are more than 6,600 salaried physicians and researchers, and 21,900 registered nurses and advanced practice providers, representing 140 medical specialties and subspecialties. Cleveland Clinic is a 6,725-bed health system that includes a 173-acre main campus near downtown Cleveland, 23 hospitals, 300 outpatient facilities, including locations in northeast Ohio; Florida; Las Vegas, Nevada; Toronto, Canada; Abu Dhabi, UAE; and London, England. In 2025, there were 15.9 million outpatient encounters, 343,000 hospital admissions and observations, and 336,000 surgeries and procedures throughout Cleveland Clinic's health system. Visit us at clevelandclinic.org. Follow us at x.com/CleClinicNews. News and resources are available at newsroom.clevelandclinic.org.
About RIKEN
RIKEN is Japan's leading national comprehensive research institute in the natural sciences, conducting research across a broad range of fields including physics, engineering, chemistry, mathematical and information sciences, computational science, biology, and medical science. The RIKEN Center for Computational Science (R-CCS) operates the world-class supercomputer Fugaku, providing computing resources to a wide range of users in universities, research institutions, and industry, and carries out research and development under the banner of "The Science of computing, by computing, and for computing", contributing to the advancement of computational science and computer science.
For more information, visit https://www.riken.jp/en/.
About IBM
IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service.
For more information, visit https://research.ibm.com.
R-CCS, Computational Science Promotion Division Outreach Group
[email protected]
Danielle Cerasani Estevez
IBM Research Communications
[email protected]
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DALLAS--(BUSINESS WIRE)--AECOM (NYSE:ACM), the trusted global infrastructure leader, today announced its selection by the Santa Clara Valley Water District (Valley Water) to provide professional design services for the Pure Water Silicon Valley Demonstration Facility Project in California. The project will help advance direct potable reuse (DPR) as a potential future source of locally controlled, drought-resilient drinking water for Silicon Valley. Under the contract, AECOM will lead the design.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AECOM ("AECOM" or the "Company") (NYSE: ACM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether AECOM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 11, 2026, AECOM announced its second quarter fiscal 2026 results, including, in relevant part, that quarterly operating cash flow was $4 million, down 98% year over year, and adjusted free cash flow which swung to negative $27 million. In the accompanying earnings call, the Company's Chief Financial Officer, Gaurav Kapoor, revealed that "longer-than-anticipated claim resolution on certain projects" among other things, impacted the quarter. Kapoor further stated these were "projects we bid in fiscal year 2019 and 2020, two projects" for two clients, and that "individual claims for these two clients have gone through the resolution process. And we've been successful on each one of them. But it's just been very slow and dragged out on the resolution process. That is what has surprised us as to how long the process has taken." Then, on May 12, 2026, AECOM filed its quarterly report on Form 10-Q, which showed that significant claims recorded in contract assets and other non-current assets were approximately $680 million as of March 31, 2026, compared with approximately $400 million as of September 30, 2025.
Following these disclosures, AECOM's stock price fell $9.55 per share, or 12%, to close at $69.95 per share on May 12, 2026.
Then, on August 11, 2026, AECOM reported weaker-than-expected results for the third quarter of 2026, which were impacted by a $337 million pre-tax loss related to the delayed completion of a construction management project.
On this news, AECOM's stock price fell $6.25 per share, or 8.53%, to close at $67.05 per share on August 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of AECOM (“AECOM” or the “Company”) (NYSE: ACM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether AECOM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 11, 2026, AECOM announced its second quarter fiscal 2026 results, including, in relevant part, that quarterly operating cash flow was $4 million, down 98% year over year, and adjusted free cash flow which swung to negative $27 million. In the accompanying earnings call, the Company’s Chief Financial Officer, Gaurav Kapoor, revealed that “longer-than-anticipated claim resolution on certain projects” among other things, impacted the quarter. Kapoor further stated these were “projects we bid in fiscal year 2019 and 2020, two projects” for two clients, and that “individual claims for these two clients have gone through the resolution process. And we’ve been successful on each one of them. But it’s just been very slow and dragged out on the resolution process. That is what has surprised us as to how long the process has taken.” Then, on May 12, 2026, AECOM filed its quarterly report on Form 10-Q, which showed that significant claims recorded in contract assets and other non-current assets were approximately $680 million as of March 31, 2026, compared with approximately $400 million as of September 30, 2025.
Following these disclosures, AECOM’s stock price fell $9.55 per share, or 12%, to close at $69.95 per share on May 12, 2026.
Then, on August 11, 2026, AECOM reported weaker-than-expected results for the third quarter of 2026, which were impacted by a $337 million pre-tax loss related to the delayed completion of a construction management project.
On this news, AECOM’s stock price fell $6.25 per share, or 8.53%, to close at $67.05 per share on August 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Investors in ACM Research, Inc. (ACMR - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan. 15, 2027 $32 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for ACM Research shares, but what is the fundamental picture for the company? Currently, ACM Research is a Zacks Rank #1 (Strong Buy) in the Semiconductor Equipment - Material Services industry that ranks in the Top 1% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimates for the current quarter, while none dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 40 cents per share to 57 cents in that period.
Given the way analysts feel about ACM Research right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Key Takeaways AECOM was named design partner for New Zealand's Warkworth-to-Te Hana transportation project.The design targets safer alignments, resilience to extreme weather and lower environmental impact.Regional backlog rose more than 40% year over year as transportation activity continued to improve. AECOM (ACM - Free Report) has strengthened its transportation infrastructure portfolio with its appointment as design partner for the Warkworth-to-Te Hana project in New Zealand. The company will work with ACCIONA, the lead contractor, while ACCIONA and Aberdeen Investments together form the Northway Consortium.
The award reinforces AECOM’s growing role in major transportation programs across Australia and New Zealand and adds another large-scale infrastructure project to its international portfolio.
Northland Win Strengthens AECOM’s Transportation PresenceThe project represents Section One of the broader Northland Corridor Program, which includes a planned 100-kilometer motorway connecting Auckland with Whangarei. Once completed, the project is expected to upgrade the existing State Highway 1 into a higher-standard, safer and more resilient motorway.
AECOM’s design scope focuses on addressing major safety and resilience challenges along the corridor. The proposed design includes a new system interchange, an optimized road alignment to improve curves and sight distances, and safer gradients. It is also intended to reduce vulnerability to flooding, landslides and other extreme-weather events.
Sustainability is also embedded in AECOM’s proposed solution. The design seeks to reuse on-site materials, reducing reliance on imported materials and minimizing waste. This approach is expected to lower haulage requirements and embodied carbon while generating cost efficiencies and reducing the project’s environmental impact.
The latest award comes as transportation activity in AECOM’s Australia and New Zealand market continues to improve. In the third quarter of fiscal 2026, Australia delivered double-digit growth, while backlog in the region reached a multiyear high, rising more than 40% year over year. Management also noted that accelerating transportation activity should support growth in 2027 and beyond.
ACM’s Stock Price PerformanceAECOM stock has dipped 5.6% in the past three months compared with the Zacks Engineering - R and D Services industry’s 15.3% fall. Near-term sentiment may remain pressured by challenges related to a Construction Management project, slower project starts and continued geopolitical uncertainty in the Middle East.
Image Source: Zacks Investment Research
Nonetheless, underlying business momentum remains solid, supported by record backlog, strong project wins and a growing design pipeline. International momentum is also encouraging, particularly in Australia, alongside accelerating transportation activity. AECOM’s expanding opportunities across transportation, defense and infrastructure should support longer-term revenue visibility and growth.
ACM’s Zacks Rank & Key PicksAECOM currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks from the Construction sector are:
Everus Construction Group (ECG - Free Report) presently flaunts a Zacks Rank #1 (Strong Buy). The company delivered a trailing four-quarter earnings surprise of 57%, on average. ECG stock has jumped 34.6% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ECG’s 2026 sales and EPS indicates growth of 23.4% and 32.9%, respectively, from the year-ago period’s levels.
Comfort Systems USA, Inc. (FIX - Free Report) sports a Zacks Rank #1 at present. The company delivered a trailing four-quarter earnings surprise of 34.6%, on average. FIX stock has surged 65.6% year to date.
The Zacks Consensus Estimate for Comfort Systems’ 2026 sales and EPS indicates growth of 38.3% and 58.8%, respectively, from the prior-year levels.
United Rentals, Inc. (URI - Free Report) has a Zacks Rank #2 (Buy) at present. The company delivered a trailing four-quarter earnings surprise of 1%, on average. URI stock has climbed 28.3% year to date.
The Zacks Consensus Estimate for United Rentals’ 2026 sales and EPS indicates growth of 9.6% and 15.4%, respectively, from the year-ago period’s levels.
DALLAS--(BUSINESS WIRE)--AECOM (NYSE:ACM), the trusted global infrastructure leader, today announced its appointment as design partner for the Warkworth to Te Hana project in New Zealand, partnering with ACCIONA as the lead contractor. ACCIONA, alongside its partner Aberdeen Investments, comprises the Northway Consortium. The project forms Section One of three nationally significant roads along the broader Northland Corridor Program, a new 100-kilometer motorway connecting Auckland to Whangārei.
Investors in AECOM (ACM - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 18, 2026 $135 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for AECOM shares, but what is the fundamental picture for the company? Currently, AECOM is a Zacks Rank #5 (Strong Sell) in the Engineering - R and D Services industry that ranks in the Bottom 30% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimate for the current quarter, while none have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.56 per share to $1.60 in that period.
Given the way analysts feel about AECOM right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
NEW YORK, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of AECOM (“AECOM” or the “Company”) (NYSE: ACM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether AECOM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 11, 2026, AECOM announced its second quarter fiscal 2026 results, including, in relevant part, that quarterly operating cash flow was $4 million, down 98% year over year, and adjusted free cash flow which swung to negative $27 million. In the accompanying earnings call, the Company’s Chief Financial Officer, Gaurav Kapoor, revealed that “longer-than-anticipated claim resolution on certain projects” among other things, impacted the quarter. Kapoor further stated these were “projects we bid in fiscal year 2019 and 2020, two projects” for two clients, and that “individual claims for these two clients have gone through the resolution process. And we’ve been successful on each one of them. But it’s just been very slow and dragged out on the resolution process. That is what has surprised us as to how long the process has taken.” Then, on May 12, 2026, AECOM filed its quarterly report on Form 10-Q, which showed that significant claims recorded in contract assets and other non-current assets were approximately $680 million as of March 31, 2026, compared with approximately $400 million as of September 30, 2025.
Following these disclosures, AECOM’s stock price fell $9.55 per share, or 12%, to close at $69.95 per share on May 12, 2026.
Then, on August 11, 2026, AECOM reported weaker-than-expected results for the third quarter of 2026, which were impacted by a $337 million pre-tax loss related to the delayed completion of a construction management project.
On this news, AECOM’s stock price fell $6.25 per share, or 8.53%, to close at $67.05 per share on August 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AECOM ("AECOM" or the "Company") (NYSE: ACM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether AECOM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 11, 2026, AECOM announced its second quarter fiscal 2026 results, including, in relevant part, that quarterly operating cash flow was $4 million, down 98% year over year, and adjusted free cash flow which swung to negative $27 million. In the accompanying earnings call, the Company's Chief Financial Officer, Gaurav Kapoor, revealed that "longer-than-anticipated claim resolution on certain projects" among other things, impacted the quarter. Kapoor further stated these were "projects we bid in fiscal year 2019 and 2020, two projects" for two clients, and that "individual claims for these two clients have gone through the resolution process. And we've been successful on each one of them. But it's just been very slow and dragged out on the resolution process. That is what has surprised us as to how long the process has taken." Then, on May 12, 2026, AECOM filed its quarterly report on Form 10-Q, which showed that significant claims recorded in contract assets and other non-current assets were approximately $680 million as of March 31, 2026, compared with approximately $400 million as of September 30, 2025.
Following these disclosures, AECOM's stock price fell $9.55 per share, or 12%, to close at $69.95 per share on May 12, 2026.
Then, on August 11, 2026, AECOM reported weaker-than-expected results for the third quarter of 2026, which were impacted by a $337 million pre-tax loss related to the delayed completion of a construction management project.
On this news, AECOM's stock price fell $6.25 per share, or 8.53%, to close at $67.05 per share on August 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
PALM BEACH, Fla., Aug. 24, 2026 (GLOBE NEWSWIRE) -- Gabelli is hosting its 4th Annual PFAS Symposium on September 24th, 2026, in New York City. The symposium will feature discussions with leading companies and organizations across the PFAS ecosystem, with an emphasis on remediation, regulation, current trends, and business fundamentals.
For those who cannot attend in person, the symposium will also be available via webcast. Investors should contact their relationship person for more information or click on the link below to register.
For additional information and to register, please visit our website. One-on-one meetings may be available upon request to Benjamin Pontious at [email protected] or (914) 921-8312.
Presenting Companies:
AECOM (NYSE: ACM)
Arq Inc (NASDAQ: ARQ)
Axine Water (Private)
BioLargo, Inc. (OTC: BLGO)
Birchtech Corp. (NYSE: BCHT)
BP Polymers (Private)
Minerals Technologies (NYSE: MTX)
Maryland Dept of Water
National Association of Water Companies
Responsible Energy (Private)
REGENESIS (Private)
Additional participants and a detailed agenda to be announced
Click here to register for the PFAS Symposium or scan the QR code.
Contact:Wayne C. Pinsent, CFA (914) 921-8352 Contact
Gabelli Funds, LLC is a registered investment adviser with the Securities and Exchange Commission and is a wholly owned subsidiary of GAMCO Investors, Inc.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/94c7043c-44f7-47e5-b44e-6e257b0f7cb8
Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of AECOM (NYSE:ACM – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,497,153 shares of the construction company’s stock, valued at approximately $383,701,000. Barrow Hanley Mewhinney & Strauss LLC owned about 4.28% of AECOM at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in shares of AECOM by 86.7% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 280 shares of the construction company’s stock worth $27,000 after buying an additional 130 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of AECOM by 95.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 295 shares of the construction company’s stock valued at $28,000 after acquiring an additional 144 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of AECOM by 189.3% during the second quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company’s stock valued at $34,000 after acquiring an additional 195 shares in the last quarter. Intesa Sanpaolo Wealth Management purchased a new position in AECOM in the 4th quarter worth approximately $38,000. Finally, Western Wealth Management LLC purchased a new position in AECOM in the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.
Wall Street Analyst Weigh In Several equities analysts recently issued reports on the company. Zacks Research cut AECOM from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Piper Sandler set a $79.00 target price on AECOM in a report on Wednesday, August 12th. Citigroup decreased their price target on AECOM from $97.00 to $84.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Wall Street Zen downgraded AECOM from a “buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Robert W. Baird dropped their price objective on AECOM from $73.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, AECOM presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.58.
Get Our Latest Research Report on AECOM Insider Activity at AECOM In other news, President Lara Poloni acquired 4,224 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of $70.63 per share, with a total value of $298,341.12. Following the completion of the acquisition, the president directly owned 153,446 shares of the company’s stock, valued at approximately $10,837,890.98. The trade was a 2.83% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by insiders.
AECOM Stock Up 0.1% Shares of AECOM stock opened at $64.88 on Monday. The company has a market cap of $8.35 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 4.37 and a beta of 0.93. The company’s 50 day moving average is $69.06 and its 200 day moving average is $79.13. AECOM has a twelve month low of $60.35 and a twelve month high of $135.52. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11.
AECOM (NYSE:ACM – Get Free Report) last posted its earnings results on Monday, August 10th. The construction company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($1.96). The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $2.01 billion. AECOM had a return on equity of 19.72% and a net margin of 1.87%.The company’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same period last year, the firm posted $1.34 EPS. AECOM has set its FY 2026 guidance at 3.950-4.150 EPS. Research analysts anticipate that AECOM will post 3.98 EPS for the current year.
AECOM Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Wednesday, July 1st were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, July 1st. AECOM’s dividend payout ratio (DPR) is 56.88%.
AECOM Profile (Free Report)
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
Further Reading Five stocks we like better than AECOM VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
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Key Takeaways AECOM missed on fiscal Q3 2026 earnings due to a surprise $337 million pre-tax loss. Earnings are now expected to decline 14.8% in fiscal 2026.AECOM is trading near 5-year lows with a forward P/E of 14.5. Is it cheap? AECOM (ACM - Free Report) posted a record backlog in the second quarter of 2026 but a surprise tax loss has led to big earnings cuts. This Zacks Rank #5 (Strong Sell) is now expected to see an earnings decline in 2026.
AECOM is an infrastructure professional services firm in water, environment, energy, transportation, and buildings.
The company partners with public – and private- sector clients to create solutions from advisory, planning, design and engineering to program and construction management. It operates worldwide.
AECOM Misses Big on Earnings in the Fiscal Third Quarter of 2026On Aug 10, 2026, AECOM reported its fiscal third quarter 2026 results and missed on the Zacks Consensus Estimate by $1.99. Earnings were a loss of $0.50 versus the consensus of $1.49.
The big surprise was in a $337 million pre-tax charge due to higher projected costs to complete a Construction Management project.
That project was awarded in 2019 under terms and conditions that would not be acceptable after the substantial changes AECOM implemented to its risk policies several years ago.
But the damage was done even though the backlog was up 13% to a new record driven by a record $4.2 billion in wins.
The design pipeline also increased again to a new all-time high.
Analysts Cut AECOM’s Earnings Estimates for Fiscal 2026 and 2027With that big of an earnings miss in the third quarter, it’s not a surprise that the analysts cut their fiscal 2026 earnings estimates as well.
Three estimates were cut for 2026 in the last month, pushing down the Zacks Consensus to $4.48 from $5.97. That’s an earnings decline of 14.8% as the company made $5.26 last year.
Analysts were also bearish on fiscal 2027. Four estimates were cut for next year in the last month, pushing down the Zacks Consensus Estimate to $6.05 from $6.76. However, they do have AECOM returning to earnings growth of 35% in fiscal 2027.
Here’s what it looks like on the price and consensus chart.
Image Source: Zacks Investment Research
Shares of AECOM Sink The Street didn’t like the pre-tax loss surprise so the shares sold off on the news. But they had already been falling prior to the earnings report.
Over the last year AECOM fell 46.7% and it is trading near 5-year lows.
Image Source: Zacks Investment Research
Is it cheap?
AECOM trades with a forward price-to-earnings (P/E) ratio of 14.5. A P/E ratio under 15 usually indicates a company is undervalued.
It also has a price-to-sales (P/S) ratio of 0.5. A P/S of 1.0 or less usually indicates a company has value. An investor is buying every $1.00 of sales for just $0.50.
But investors interested in AECOM might want to wait to make sure next year’s earnings turnaround is for real before buying in. Watch for positive earnings estimate revisions.
BlackRock Inc. acquired a new position in shares of AECOM (NYSE:ACM – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 14,379,638 shares of the construction company’s stock, valued at approximately $1,003,699,000. BlackRock Inc. owned 11.19% of AECOM at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Great Lakes Advisors LLC lifted its stake in AECOM by 14.9% during the first quarter. Great Lakes Advisors LLC now owns 2,366 shares of the construction company’s stock valued at $219,000 after purchasing an additional 306 shares during the last quarter. Empowered Funds LLC increased its position in AECOM by 62.6% in the 1st quarter. Empowered Funds LLC now owns 14,266 shares of the construction company’s stock worth $1,323,000 after purchasing an additional 5,493 shares during the last quarter. Focus Partners Wealth grew its position in AECOM by 6.9% in the first quarter. Focus Partners Wealth now owns 4,150 shares of the construction company’s stock worth $385,000 after acquiring an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in AECOM by 189.3% in the second quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company’s stock worth $34,000 after acquiring an additional 195 shares in the last quarter. Finally, Cresset Asset Management LLC increased its stake in shares of AECOM by 13.7% during the 2nd quarter. Cresset Asset Management LLC now owns 2,935 shares of the construction company’s stock worth $331,000 after purchasing an additional 353 shares during the last quarter. 85.41% of the stock is owned by institutional investors.
AECOM Stock Performance Shares of ACM stock opened at $64.88 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $8.35 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 4.39 and a beta of 0.93. The stock has a 50-day moving average of $69.06 and a 200-day moving average of $79.25. AECOM has a one year low of $60.35 and a one year high of $135.52.
AECOM (NYSE:ACM – Get Free Report) last issued its earnings results on Monday, August 10th. The construction company reported ($0.50) EPS for the quarter, missing the consensus estimate of $1.46 by ($1.96). AECOM had a net margin of 1.87% and a return on equity of 19.72%. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the company posted $1.34 EPS. The firm’s revenue for the quarter was down 14.2% on a year-over-year basis. AECOM has set its FY 2026 guidance at 3.950-4.150 EPS. As a group, sell-side analysts expect that AECOM will post 3.98 earnings per share for the current year. AECOM Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Wednesday, July 1st were paid a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. AECOM’s payout ratio is presently 56.88%.
Insider Activity at AECOM In related news, President Lara Poloni acquired 4,224 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average cost of $70.63 per share, with a total value of $298,341.12. Following the transaction, the president owned 153,446 shares of the company’s stock, valued at $10,837,890.98. The trade was a 2.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by insiders.
Analysts Set New Price Targets ACM has been the subject of a number of recent analyst reports. UBS Group set a $85.00 target price on AECOM in a research report on Wednesday, August 12th. Royal Bank Of Canada reduced their price objective on shares of AECOM from $105.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Zacks Research downgraded shares of AECOM from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Truist Financial reiterated a “buy” rating and issued a $85.00 target price (down from $102.00) on shares of AECOM in a research note on Wednesday, August 12th. Finally, Weiss Ratings downgraded shares of AECOM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, AECOM currently has an average rating of “Moderate Buy” and an average price target of $94.58.
Read Our Latest Report on ACM
AECOM Profile (Free Report)
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
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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's reported quarter came in at an adjusted loss of roughly $0.50 per share against consensus near $1.46 to $1.51 -- a swing of about $2 per share -- and Levi & Korsinsky is investigating potential securities law violations on behalf of ACM investors who lost money.
, /PRNewswire/ -- Nearly $2.00 per share separated Wall Street's expectations from what AECOM (NYSE: ACM) actually reported: an adjusted loss of approximately $0.50 per share versus consensus of roughly $1.46 to $1.51, on revenue down 14.2% year over year to about $3.59 billion. Shares fell on the release. Investors who lost money on ACM are encouraged to submit their information for a loss review, or contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
The miss was not confined to the quarter. AECOM's full-year adjusted EPS outlook was reset to approximately $4.05 at the midpoint, against market expectations near $5.97 -- a reduction of roughly $1.90 per share, or about 32% of the prior midpoint.
The top line moved the same direction. Revenue of approximately $3.59 billion compared with the prior-year period represents a decline of 14.2%. Coverage of the report from KING5.com, Investing.com and Yahoo Finance each tied the share-price decline to the reported results and the lowered forward outlook.
Shareholders who purchased ACM stock and suffered losses may speak with an attorney about their potential recovery at no cost. You may also call (212) 363-7500.
ABOUT THE FIRM -- For over two decades, Levi & Korsinsky has represented shareholders in securities class actions. Ranked in ISS Top 50 for seven consecutive years.
Frequently Asked Questions About the ACM Investigation
Q: How much did ACM stock drop? A: Shares declined after AECOM reported revenue down 14.2% year over year to approximately $3.59 billion, an adjusted loss of roughly $0.50 per share against consensus near $1.46 to $1.51, and a full-year adjusted EPS outlook reduced to approximately $4.05 at the midpoint. Investors who purchased shares and suffered losses may be eligible to seek recovery.
Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether AECOM made materially false or misleading statements regarding its adjusted earnings performance and full-year profit outlook. When the Company reported an adjusted loss and a reduced full-year outlook, the stock price declined.
Q: Who is eligible to participate in the ACM investigation? A: Investors who purchased ACM stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: What do ACM investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my ACM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought ACM and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Q: How long will the investigation take to resolve? A: The timeline depends on the facts developed during the investigation, the court schedule, and case developments.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
View original content to download multimedia:https://www.prnewswire.com/news-releases/aecom-acm-securities-investigation-notice---levi--korsinsky-302856706.html
AECOM's reported quarter came in at an adjusted loss of roughly $0.50 per share against consensus near $1.46 to $1.51 -- a swing of about $2 per share -- and Levi & Korsinsky is investigating potential securities law violations on behalf of ACM investors who lost money.
, /PRNewswire/ -- Nearly $2.00 per share separated Wall Street's expectations from what AECOM (NYSE: ACM) actually reported: an adjusted loss of approximately $0.50 per share versus consensus of roughly $1.46 to $1.51, on revenue down 14.2% year over year to about $3.59 billion. Shares fell on the release. Investors who lost money on ACM are encouraged to submit their information for a loss review, or contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
The miss was not confined to the quarter. AECOM's full-year adjusted EPS outlook was reset to approximately $4.05 at the midpoint, against market expectations near $5.97 -- a reduction of roughly $1.90 per share, or about 32% of the prior midpoint.
The top line moved the same direction. Revenue of approximately $3.59 billion compared with the prior-year period represents a decline of 14.2%. Coverage of the report from KING5.com, Investing.com and Yahoo Finance each tied the share-price decline to the reported results and the lowered forward outlook.
Shareholders who purchased ACM stock and suffered losses may speak with an attorney about their potential recovery at no cost. You may also call (212) 363-7500.
ABOUT THE FIRM -- For over two decades, Levi & Korsinsky has represented shareholders in securities class actions. Ranked in ISS Top 50 for seven consecutive years.
Frequently Asked Questions About the ACM Investigation
Q: How much did ACM stock drop? A: Shares declined after AECOM reported revenue down 14.2% year over year to approximately $3.59 billion, an adjusted loss of roughly $0.50 per share against consensus near $1.46 to $1.51, and a full-year adjusted EPS outlook reduced to approximately $4.05 at the midpoint. Investors who purchased shares and suffered losses may be eligible to seek recovery.
Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether AECOM made materially false or misleading statements regarding its adjusted earnings performance and full-year profit outlook. When the Company reported an adjusted loss and a reduced full-year outlook, the stock price declined.
Q: Who is eligible to participate in the ACM investigation? A: Investors who purchased ACM stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: What do ACM investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my ACM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought ACM and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Q: How long will the investigation take to resolve? A: The timeline depends on the facts developed during the investigation, the court schedule, and case developments.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
AECOM shares dropped after the Company reported quarterly revenue down 14.2% year over year and an adjusted EPS loss of roughly $0.50 against consensus near $1.46 to $1.51, while cutting full-year adjusted EPS guidance to approximately $4.05 at the midpoint | Source: Levi & Korsinsky, LLP
NEW YORK, Aug. 18, 2026 (GLOBE NEWSWIRE) -- AECOM (NYSE: ACM) shareholders were hit when the Company reported quarterly revenue of approximately $3.59 billion, down 14.2% year over year, and an adjusted loss of roughly $0.50 per share against analyst consensus of approximately $1.46 to $1.51 -- a swing of about $2.00 per share versus expectations. If you suffered a loss on your AECOM investment, you are encouraged to click here to submit your information. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
Alongside the results, AECOM lowered its full-year adjusted EPS outlook to approximately $4.05 at the midpoint. Market expectations had stood near $5.97 -- a reduction of roughly $1.92 per share, or about 32%.
Levi & Korsinsky is investigating potential securities law violations at AECOM on behalf of shareholders who suffered losses. The investigation concerns whether AECOM may not have adequately disclosed the conditions underlying its reported results and revised outlook.
Shareholders who lost money on ACM are encouraged to have their losses reviewed at no cost before the investigation concludes.
ABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report.
Frequently Asked Questions About the ACM Investigation
Q: What is the ACM securities investigation about? A: A securities investigation is pending concerning AECOM (NYSE: ACM) regarding potentially materially false or misleading statements. Shares declined after the Company reported revenue down 14.2% year over year to approximately $3.59 billion, an adjusted EPS loss of roughly $0.50, and a full-year adjusted EPS outlook cut to approximately $4.05 at the midpoint, causing losses for shareholders.
Q: Who is eligible to participate in the ACM investigation? A: Investors who purchased ACM stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: Who is conducting the ACM investigation? A: Levi & Korsinsky, LLP is investigating potential securities fraud claims on behalf of investors who purchased ACM securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.
Q: What do ACM investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What is a lead plaintiff and why does it matter? A: If the investigation proceeds to legal action, a lead plaintiff is the investor the court appoints to represent the group of affected investors. Lead plaintiffs are typically investors with the largest documented losses. Contacting the firm during the investigation phase preserves that option.
Q: What if I already sold my ACM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought ACM and sold at a loss may still participate in the investigation.
Q: What if my ACM losses are small -- is it still worth contacting a lawyer? A: Yes. There is no minimum loss amount required to participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
AECOM (NYSE: ACM) shareholders absorbed losses after the Company reported quarterly revenue down 14.2% year over year to approximately $3.59 billion and an adjusted EPS loss of roughly $0.50, against consensus of approximately $1.46 to $1.51, with full-year adjusted EPS guidance reset to approximately $4.05 at the midpoint. If you suffered a loss on your AECOM investment, you are encouraged to click here to submit your information. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
The investigation focuses on the Company's regulatory filings. AECOM's Form 8-K earnings exhibit filed May 11, 2026 stated "Revenue increased 1% to $3.8 billion," reported adjusted EPS of $1.59, and set a full-year adjusted EPS range of $5.90 to $6.10. The Form 10-Q filed May 12, 2026 reported revenue of $3.8 billion and diluted EPS of $1.39.
That same Form 10-Q states on its cover that it covers "the quarterly period ended April 3, 2026," while the consolidated balance sheets within the filing are presented as of March 31, 2026. A separate Form 10-Q filed February 10, 2026 reported basic EPS of $0.57, comprising continuing-operations EPS of $1.07 and discontinued-operations EPS of $(0.50).
Shareholders who lost money on ACM are encouraged to have their losses reviewed at no cost. You may also reach Joseph E. Levi, Esq. at (212) 363-7500.
WHY LEVI & KORSINSKY -- Ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors.
Frequently Asked Questions About the ACM Investigation
Q: Who is conducting the ACM investigation? A: Levi & Korsinsky, LLP is investigating potential securities fraud claims on behalf of investors who purchased ACM securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.
Q: Who is eligible to participate in the ACM investigation? A: Investors who purchased ACM stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether AECOM made materially false or misleading statements regarding its reported revenue, adjusted earnings per share, reporting periods, and full-year outlook. When the Company reported revenue of approximately $3.59 billion, an adjusted EPS loss of roughly $0.50, and a reduced full-year adjusted EPS outlook of approximately $4.05 at the midpoint, the stock price declined.
Q: What do ACM investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my ACM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought ACM and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.
Attorney Advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260817060017/en/
NEW YORK--(BUSINESS WIRE)--AECOM (NYSE: ACM) shareholders absorbed losses after the Company reported quarterly revenue down 14.2% year over year to approximately $3.59 billion and an adjusted EPS loss of roughly $0.50, against consensus of approximately $1.46 to $1.51, with full-year adjusted EPS guidance reset to approximately $4.05 at the midpoint. If you suffered a loss on your AECOM investment, you are encouraged to click here to submit your information. You may also contact Joseph E. Levi,.
Aecom (ACM -1.27%) is an engineering and consulting giant that designs highways, transit lines, and water systems, and then manages the contractors who actually build them.
This week showed investors how important that distinction is as someone else's work hurt Aecom, sending its shares down 17.9% to a 52-week low of $60.35 as of Friday noon, according to data provided by S&P Global Market Intelligence.
Image source: Getty Images.
Why Aecom stock is crashing
Aecom reported a net loss of $0.65 per share for its third quarter of fiscal year 2026 this week versus net earnings per share (EPS) of $1.32 in the year-ago quarter.
Back in 2019, Aecom signed on to manage a construction project under terms and conditions that would not meet its current risk policies. Subcontractors are running behind, and costs are exceeding estimates, resulting in a $377 million pre-tax loss for Aecom in Q3.
That single number turned a quarter that should have posted a profit into a loss instead, sending Aecom shares tanking.
Today's Change
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Aecom's revenue slipped 14% year over year in Q3, and management slashed full-year adjusted EPS to $3.95-$4.15 per share and free cash flow (FCF) estimate to only $300 million.
Just months ago, Aecom raised its FY 2026 guidance to EPS of $5.90-$6.10 and FCF of $400 million.
Aecom's backlog is surging, but the stock isn't
Take the project loss out, and the story flips.
Aecom's backlog jumped 13% to a record $27.8 billion. A book-to-burn ratio of 1.6 means the company is winning more work than it's burning through.
Those numbers confirm it's not a demand problem, and Aecom's business continues to grow. One bad project just tore an otherwise strong quarter down.
The harder question is what investors can't shake: what if there's another one? Also, this particular project isn't expected to be completed until mid-2027, which could leave room for further nasty shocks for Aecom. The company also depends heavily on government contracts, which puts it squarely in the path of any federal budget squeeze.
Could Aecom, then, meet its long-term financial targets of compound annual growth in adjusted EPS of at least 15% between 2026 and 2029? Management is confident it will, but that earnings growth target assumes clean execution over the next four years. That, when one quarter just showed that Aecom may not really have that kind of control over the outcome, given the external risks and threats to its business.
Mint Incorporation (NASDAQ:MIMI – Get Free Report) and AECOM (NYSE:ACM – Get Free Report) are both industrials companies, but which is the better business? We will compare the two businesses based on the strength of their analyst recommendations, dividends, valuation, risk, profitability, institutional ownership and earnings.
Valuation and Earnings This table compares Mint Incorporation and AECOM”s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Mint Incorporation $3.27 million 1.36 -$1.46 million N/A N/A AECOM $16.14 billion 0.51 $561.77 million $2.18 29.17 AECOM has higher revenue and earnings than Mint Incorporation.
Profitability This table compares Mint Incorporation and AECOM’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Mint Incorporation N/A N/A N/A AECOM 1.87% 19.45% 4.10% Analyst Ratings This is a summary of current ratings for Mint Incorporation and AECOM, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Mint Incorporation 1 0 0 0 1.00 AECOM 2 2 9 0 2.54 AECOM has a consensus price target of $95.25, suggesting a potential upside of 49.78%. Given AECOM’s stronger consensus rating and higher possible upside, analysts clearly believe AECOM is more favorable than Mint Incorporation.
Insider and Institutional Ownership 85.4% of AECOM shares are owned by institutional investors. 0.5% of AECOM shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Volatility and Risk Mint Incorporation has a beta of 3.43, meaning that its share price is 243% more volatile than the S&P 500. Comparatively, AECOM has a beta of 0.93, meaning that its share price is 7% less volatile than the S&P 500.
Summary AECOM beats Mint Incorporation on 10 of the 12 factors compared between the two stocks.
About Mint Incorporation (Get Free Report)
Mint, Inc. Ltd. is a company that engages in the provision of interior design and fit works. The company offers design services including layout plans and sketches presented in the form of 3d technical drawing and design and fit out services. The company was founded in 2018 and is headquartered in Hong Kong.
About AECOM (Get Free Report)
AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients. It is also involved in the investment and development of real estate projects. In addition, the company provides construction services, including building construction and energy, and infrastructure and industrial construction. It serves transportation, water, government, facilities, environmental, and energy sectors. The company was formerly known as AECOM Technology Corporation and changed its name to AECOM in January 2015. AECOM was incorporated in 1980 and is headquartered in Dallas, Texas.
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AECOM shareholders who lost money when the stock fell on a full-year adjusted EPS outlook cut to roughly $4.05 at the midpoint have legal rights, and SueWallSt notifies investors of a pending investigation into potential securities law violations at AECOM (NYSE: ACM).
, /PRNewswire/ -- A full-year adjusted EPS outlook of roughly $4.05 at the midpoint -- against market expectations near $5.97 -- accompanied the AECOM (NYSE: ACM) earnings release that sent shares lower, and shareholders who took the loss have rights that do not depend on whether they still own the stock. If you lost money on ACM, you are encouraged to submit your ACM losses for review . You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (888) SueWallSt.
The same release reported revenue down approximately 14.2% year over year to about $3.59 billion and an adjusted EPS loss of roughly $0.50, versus analyst consensus of approximately $1.46 to $1.51.
Shareholder rights in a matter like this are time-sensitive and are preserved by coming forward during the investigation phase, not after it concludes. There is no cost to have your losses evaluated, and no obligation to proceed.
Those who purchased ACM shares and wish to discuss their legal rights may speak with the investigation team about ACM or call (888) SueWallSt.
WHY SUEWALLST : SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the ACM Investigation
Q: Who is eligible to participate in the ACM investigation? A: Investors who purchased ACM stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: Who is conducting the ACM investigation? A: Levi & Korsinsky, LLP is investigating potential securities fraud claims on behalf of investors who purchased ACM securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.
Q: What if I already sold my ACM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought ACM and sold at a loss may still participate in the investigation.
Q: What do ACM investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery . No immediate action is required to remain eligible to participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.
Q: What is a lead plaintiff and why does it matter? A: If the investigation proceeds to legal action, a lead plaintiff is the investor the court appoints to represent the group of affected investors. Lead plaintiffs are typically investors with the largest documented losses. Contacting the firm during the investigation phase preserves that option.
Q: What if I live outside the United States? A: U.S. securities fraud investigations generally cover purchases on U.S. exchanges regardless of the investor's country of residence.
CONTACT:\
Levi & Korsinsky, LLP\
Joseph E. Levi, Esq.\
33 Whitehall Street, 27th Floor\
New York, NY 10004\
[email protected] \
Tel: (888) SueWallSt\
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
AECOM investors were told adjusted EPS of $1.29 and a $5.95 full-year midpoint; the reported quarter came in at an adjusted loss of roughly $0.50 per share, and Levi & Korsinsky is investigating potential securities law violations.
, /PRNewswire/ -- A roughly $1.79-per-share gap now separates what AECOM (NYSE: ACM) told investors its adjusted earnings were and the adjusted loss of approximately $0.50 per share reported alongside a full-year outlook cut to about $4.05 at the midpoint. Investors who lost money on ACM shares are encouraged to click here to submit your information at no cost. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
Two numbers, side by side: on the February 10, 2026 earnings call, Chief Executive Officer Troy Rudd stated that "adjusted EBITDA of $287 million and adjusted EPS of $1.29 exceed our expectations." The quarter that drove the stock decline was reported at an adjusted loss of roughly $0.50 per share against consensus of approximately $1.46 to $1.51.
The forward numbers moved the same direction. Chief Financial Officer and Chief Operating Officer Gaurav Kapoor said on that same call that the Company "now expect[s] adjusted EPS of $5.95 at the midpoint of our range as compared to $5.75 previously." The midpoint investors were later given was approximately $4.05 -- a difference of roughly $1.90 per share.
Shareholders who purchased ACM stock and suffered a loss may have their potential recovery reviewed at no charge , or call (212) 363-7500.
Levi & Korsinsky, LLP -- Top 50 securities litigation firm (ISS, seven consecutive years). Over 70 professionals. Hundreds of millions recovered.
Frequently Asked Questions About the ACM Investigation
Q: How much did ACM stock drop? A: AECOM shares declined after the Company reported revenue down approximately 14.2% year over year to roughly $3.59 billion, an adjusted loss of about $0.50 per share versus consensus near $1.46 to $1.51, and a full-year adjusted EPS outlook of approximately $4.05 at the midpoint. Investors who purchased shares and suffered losses may be eligible to seek recovery.
Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether AECOM made materially false or misleading statements regarding its adjusted earnings results and full-year adjusted EPS guidance, including statements that adjusted EPS reached new highs and that full-year profit guidance was being increased.
Q: Who is eligible to participate in the ACM investigation? A: Investors who purchased ACM stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: What do ACM investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery . No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my ACM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought ACM and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
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.
Chief Executive Officer Troy Rudd said the delayed project, bid in 2019, has been affected by several factors, most notably subcontractor productivity during its final phase. AECOM now expects substantial completion near the end of the second quarter of fiscal 2027, rather than in the first quarter.
“We are disappointed with this outcome,” Rudd said, adding that the company has changed leadership and tightened risk controls since the project was bid. He said AECOM no longer pursues design-build work for public-private partnership clients in its Construction Management business because of the risks associated with that structure.
Construction Management Projects Weigh on Cash Flow The company said the charge affected net service revenue and EBITDA by $337 million and reduced earnings per share by $1.99. Cash flow included a $185 million use during the quarter related to the Construction Management projects.
AECOM has two design-build P3 projects in its Construction Management portfolio. The second project remains on track for substantial completion in the first quarter of fiscal 2027, management said. Both projects have claims associated with delays that the company said were not caused by AECOM.
Rudd said the company is pursuing “sizable claims” on the first project and cited progress in the dispute-resolution process. Chief Financial and Operations Officer Gaurav Kapoor said claims related to the two projects should remain in a range of roughly $600 million to $650 million through completion, though the amount AECOM is claiming from third parties is higher.
Management expects the projects to continue burdening cash flow through the first half of fiscal 2027. Rudd said the overall cash impact in the first two quarters of fiscal 2027 is expected to be about $500 million. Kapoor added that higher average debt balances are expected to raise interest expense by $30 million to $35 million year over year in 2027.
The company expects free cash flow of $300 million for fiscal 2026, down from its prior expectation of $400 million. Despite the project-related headwinds, AECOM generated $55 million in positive free cash flow during the third quarter.
Backlog Reaches Record High AECOM said quarterly wins drove a 1.6x book-to-burn ratio across the company and a 1.8x ratio in the Americas. Year-to-date book-to-burn was 1.4x. Backlog reached a new record, rising 13% from a year earlier.
Adjusted for one fewer working day, net service revenue in the design business increased 5%, led by 6% growth in the Americas design business and 4% growth in International. Rudd said total growth fell short of expectations because of slower-than-anticipated project starts in Construction Management and the continuing effect of conflict in the Middle East.
President Lara Poloni highlighted two large environment-business recompetes, one involving a public-sector client and one a private-sector client. She said the scope of work on both projects expanded significantly.
In the United States, Poloni said state and local clients continue to prioritize highways, bridges, transit, rail and water projects. AECOM’s U.S. water pipeline grew 30% during the quarter, while its Department of Defense pipeline also increased by about 30%.
Poloni also cited private-sector demand, particularly from data centers and hyperscale customers. In Canada, activity remained broad-based across markets and contributed to continued double-digit net service revenue growth. After quarter-end, the company won a 10-year program management role on a highway and bus-transit project, one of its largest Canadian wins to date.
International Growth and Margin Improvement International net service revenue increased 4%, with growth led by the United Kingdom and Australia. The International segment’s backlog rose 28% year over year, while adjusted operating margin was 14.3%.
Kapoor attributed the margin improvement to stronger growth in Australia, which he described as a higher-margin market; better utilization in the United Kingdom; and initial benefits from the company’s proprietary artificial intelligence strategy.
In the U.K., net service revenue growth accelerated to the high single digits, supported by water, environment and energy work, including the Great Grid Upgrade program. Australia posted double-digit growth, and its backlog rose more than 40% year over year. The Middle East remained affected by uncertainty in tourism- and hospitality-related markets, although backlog there grew at a double-digit rate and AECOM won a large Saudi Arabian rail project after the quarter ended.
Updated Fiscal 2026 Outlook AECOM updated its outlook to reflect the Construction Management charge, lower-than-expected net service revenue growth and margin performance. The company now expects fiscal 2026 net service revenue of approximately $7.3 billion, adjusted EBITDA of $950 million and adjusted EPS of $4.05 at the midpoint of its guidance ranges.
Excluding the impact of the charge for comparability, AECOM said it expects net service revenue of $7.65 billion to $7.7 billion, adjusted EBITDA of $1.29 billion and adjusted EPS of $6 at the midpoints. The company raised its expected adjusted EBITDA margin to 17.4%, from 17% previously.
Kapoor said the Americas adjusted operating margin was negative 16.1% because of the Construction Management impact. Excluding that impact, the margin was 18%, though it was affected by slower Construction Management project starts and elevated business-development spending. He said Americas margins are expected to normalize in the fourth quarter.
Looking toward fiscal 2027, Rudd said AECOM continues to expect its long-term organic growth algorithm of 5% to 8% to apply to the entire business, including Construction Management. He said Construction Management growth is expected to contribute more meaningfully in the second half of fiscal 2027 as newer awards ramp up and employees are redeployed from the two legacy projects.
About AECOM (NYSE:ACM) AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of AECOM (“Aecom” or the “Company”) (NYSE: ACM) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN AECOM (ACM), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of AECOM (“Aecom” or the “Company”) (NYSE: ACM) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON AECOM (ACM), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On May 11, 2026, AECOM announced it.
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of AECOM (“Aecom” or the “Company”) (NYSE: ACM) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON AECOM (ACM), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On May 11, 2026, AECOM announced its second quarter fiscal 2026 results, including, in relevant part, that quarterly operating cash flow was $4 million, down 98% year over year, and adjusted free cash flow which swung to negative $27 million.
In the accompanying earnings call, the Company’s Chief Financial Officer, Gaurav Kapoor, revealed “longer-than-anticipated claim resolution on certain projects” among other things, impacted the quarter. Kapoor further stated these were “projects we bid in fiscal year 2019 and 2020, two projects” for two clients, and that “individual claims for these two clients have gone through the resolution process. And we've been successful on each one of them. But it's just been very slow and dragged out on the resolution process. That is what has surprised us as to how long the process has taken.”
On this news, AECOM’s stock price fell $9.55, or 12%, to close at $69.95 per share on May 12, 2026, thereby injuring investors.
On May 12, 2026, AECOM filed its quarterly report on Form 10-Q, which showed that significant claims recorded in contract assets and other non-current assets were approximately $680 million as of March 31, 2026, compared with approximately $400 million as of September 30, 2025.
Then, on August 10, 2025, AECOM announced third quarter fiscal 2026 results, including, in relevant part, that revenue declined 14% year over year, and that “[r]esults included a $337 million pre-tax loss related to the delayed completion of a Construction Management project.”
On this news, shares fell as much as $6.15 or 8.39% per share, to close at $67.15 on August 11, 2026, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you purchased AECOM securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
3 Energy Stocks to Buy and 2 to Avoid as AI Power Demand ExplodesAECOM 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.
Chief Executive Officer Troy Rudd said the delayed project, bid in 2019, has been affected by several factors, most notably subcontractor productivity during its final phase. AECOM now expects substantial completion near the end of the second quarter of fiscal 2027, rather than in the first quarter.
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3 Hot Buyback Announcements That Will Drive Value in 2025“We are disappointed with this outcome,” Rudd said, adding that the company has changed leadership and tightened risk controls since the project was bid. He said AECOM no longer pursues design-build work for public-private partnership clients in its Construction Management business because of the risks associated with that structure.
Construction Management Projects Weigh on Cash Flow The company said the charge affected net service revenue and EBITDA by $337 million and reduced earnings per share by $1.99. Cash flow included a $185 million use during the quarter related to the Construction Management projects.
Why Wall Street Is Still So Constructive on Aecom Stock AECOM has two design-build P3 projects in its Construction Management portfolio. The second project remains on track for substantial completion in the first quarter of fiscal 2027, management said. Both projects have claims associated with delays that the company said were not caused by AECOM.
Rudd said the company is pursuing “sizable claims” on the first project and cited progress in the dispute-resolution process. Chief Financial and Operations Officer Gaurav Kapoor said claims related to the two projects should remain in a range of roughly $600 million to $650 million through completion, though the amount AECOM is claiming from third parties is higher.
Management expects the projects to continue burdening cash flow through the first half of fiscal 2027. Rudd said the overall cash impact in the first two quarters of fiscal 2027 is expected to be about $500 million. Kapoor added that higher average debt balances are expected to raise interest expense by $30 million to $35 million year over year in 2027.
The company expects free cash flow of $300 million for fiscal 2026, down from its prior expectation of $400 million. Despite the project-related headwinds, AECOM generated $55 million in positive free cash flow during the third quarter.
Backlog Reaches Record High AECOM said quarterly wins drove a 1.6x book-to-burn ratio across the company and a 1.8x ratio in the Americas. Year-to-date book-to-burn was 1.4x. Backlog reached a new record, rising 13% from a year earlier.
Adjusted for one fewer working day, net service revenue in the design business increased 5%, led by 6% growth in the Americas design business and 4% growth in International. Rudd said total growth fell short of expectations because of slower-than-anticipated project starts in Construction Management and the continuing effect of conflict in the Middle East.
President Lara Poloni highlighted two large environment-business recompetes, one involving a public-sector client and one a private-sector client. She said the scope of work on both projects expanded significantly.
In the United States, Poloni said state and local clients continue to prioritize highways, bridges, transit, rail and water projects. AECOM’s U.S. water pipeline grew 30% during the quarter, while its Department of Defense pipeline also increased by about 30%.
Poloni also cited private-sector demand, particularly from data centers and hyperscale customers. In Canada, activity remained broad-based across markets and contributed to continued double-digit net service revenue growth. After quarter-end, the company won a 10-year program management role on a highway and bus-transit project, one of its largest Canadian wins to date.
International Growth and Margin Improvement International net service revenue increased 4%, with growth led by the United Kingdom and Australia. The International segment’s backlog rose 28% year over year, while adjusted operating margin was 14.3%.
Kapoor attributed the margin improvement to stronger growth in Australia, which he described as a higher-margin market; better utilization in the United Kingdom; and initial benefits from the company’s proprietary artificial intelligence strategy.
In the U.K., net service revenue growth accelerated to the high single digits, supported by water, environment and energy work, including the Great Grid Upgrade program. Australia posted double-digit growth, and its backlog rose more than 40% year over year. The Middle East remained affected by uncertainty in tourism- and hospitality-related markets, although backlog there grew at a double-digit rate and AECOM won a large Saudi Arabian rail project after the quarter ended.
Updated Fiscal 2026 Outlook AECOM updated its outlook to reflect the Construction Management charge, lower-than-expected net service revenue growth and margin performance. The company now expects fiscal 2026 net service revenue of approximately $7.3 billion, adjusted EBITDA of $950 million and adjusted EPS of $4.05 at the midpoint of its guidance ranges.
Excluding the impact of the charge for comparability, AECOM said it expects net service revenue of $7.65 billion to $7.7 billion, adjusted EBITDA of $1.29 billion and adjusted EPS of $6 at the midpoints. The company raised its expected adjusted EBITDA margin to 17.4%, from 17% previously.
Kapoor said the Americas adjusted operating margin was negative 16.1% because of the Construction Management impact. Excluding that impact, the margin was 18%, though it was affected by slower Construction Management project starts and elevated business-development spending. He said Americas margins are expected to normalize in the fourth quarter.
Looking toward fiscal 2027, Rudd said AECOM continues to expect its long-term organic growth algorithm of 5% to 8% to apply to the entire business, including Construction Management. He said Construction Management growth is expected to contribute more meaningfully in the second half of fiscal 2027 as newer awards ramp up and employees are redeployed from the two legacy projects.
About AECOM (NYSE:ACM)AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
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AECOM (ACM) Q3 2026 Earnings Call August 11, 2026 8:00 AM EDT
Company Participants
Will Gabrielski - Senior Vice President of Finance & Investor Relations
W. Rudd - Chairman & CEO
Lara Maria Poloni - President
Gaurav Kapoor - Chief Financial & Operations Officer
Conference Call Participants
Sabahat Khan - RBC Capital Markets, Research Division
Andrew Kaplowitz - Citigroup Inc., Research Division
Andrew J. Wittmann - Robert W. Baird & Co. Incorporated, Research Division
Steven Fisher - UBS Investment Bank, Research Division
Sangita Jain - KeyBanc Capital Markets Inc., Research Division
Jamie Cook - Truist Securities, Inc., Research Division
Adam Bubes - Goldman Sachs Group, Inc., Research Division
Michael Dudas - Vertical Research Partners, LLC
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to AECOM's Third Quarter 2026 Earnings Conference Call. [Operator Instructions] I will now hand the conference over to Will Gabrielski, Senior Vice President of Finance and Investor Relations. You may begin.
Will Gabrielski
Senior Vice President of Finance & Investor Relations
Thank you, operator. I would like to direct your attention to the safe harbor statement on Page 1 of today's presentation. Today's discussion contains forward-looking statements about future business and financial expectations. Actual results may differ significantly from those projected in today's forward-looking statements due to various risks and uncertainties, including the risks described in our periodic reports filed with the SEC. Except as required by law, we undertake no obligation to update our forward-looking statements.
We use certain non-GAAP financial measures in our presentation. The appropriate GAAP reconciliations are incorporated into our materials, which are posted to our website. Growth rates are presented on a year-over-year basis unless otherwise noted. Any references to segment margins or segment adjusted operating margins will reflect the performance for the Americas and International segments. When discussing revenue and revenue growth, we will refer to net service revenue, or NSR, which is defined
Engineering firm Aecom (ACM -7.35%) stock tumbled 5.5% through 10:25 a.m. ET Tuesday after missing badly on earnings last night.
Heading into the report, analysts forecast Aecom would earn $1.51 per share in its fiscal Q3 2026. Instead, Aecom reported a $0.50 per share loss. Crazily, this came in a quarter when Aecom's revenue -- $3.6 billion -- was 80% more than the $2 billion Wall Street expected!
Image source: Getty Images.
Even $3.6 billion represented a 14% decline in revenue for Aecom year over year. Worse, the work Aecom did was unprofitable. Operating earnings ran negative, non-GAAP earnings were the $0.50 loss noted above, and GAAP results showed an even bigger net loss: $0.65 per share.
Even the good news at Aecom was kind of bad. Aecom generated positive free cash flow of $55 million in the quarter. However, this was 79% less free cash flow than the company generated a year ago.
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What this means for Aecom stock Aecom management blamed these results on "a $337 million pre-tax charge resulting from a higher projected cost to complete a Construction Management project."
Now, the good news is that the charge related to a contract signed in 2019 "under terms and conditions that would not be acceptable after the substantial changes the Company implemented to its risk policies several years ago." So it's not likely to repeat. The bad news is the damage is done -- and it was bad enough to turn what should have been a profitable quarter into a loss.
Going forward, management will try to recover from that seven-year-old mistake, and thinks $300 million in free cash flow this year is achievable. That still values the stock at a rich 32x price-to-free cash flow ratio, though.
For now, Aecom stock looks expensive to me.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Aecom. The Motley Fool has a disclosure policy.
Aecom Technology (ACM - Free Report) 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. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -133.56%. A quarter ago, it was expected that this provider of technical and management-support services would post earnings of $1.58 per share when it actually produced earnings of $1.59, delivering a surprise of +0.63%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Aecom, which belongs to the Zacks Engineering - R and D Services industry, posted revenues of $1.61 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 23.12%. This compares to year-ago revenues of $1.94 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Aecom shares have lost about 20.5% since the beginning of the year versus the S&P 500's gain of 13.3%.
What's Next for Aecom?While Aecom has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Aecom was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.63 on $2.11 billion in revenues for the coming quarter and $5.97 on $7.95 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Engineering - R and D Services is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
TSS Inc. (TSSI - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 13.
This company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +33.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
TSS Inc.'s revenues are expected to be $51.9 million, up 18% from the year-ago quarter.
Toronto, Ontario--(Newsfile Corp. - August 10, 2026) - Aitenders Technologies Inc. (CSE: BIDS) ("Aitenders" or the "Company"), the developer of an end-to-end AI-powered platform for tender response and contract management purpose built for complex construction and infrastructure projects, is pleased to announce that the Company has received final approval to list its common shares on the Canadian Securities Exchange (the "CSE").
Aitenders common shares will commence trading at market open today under the trading symbol "BIDS".
Geoffrey Guilly, Founder and CEO of Aitenders commented:
"Today is an incredible milestone for Aitenders as we begin the next phase of our journey as a publicly traded company. Prior to initiating the RTO with eXeBlock, we built Aitenders without raising venture capital. As the rate of value realized through implementation of AI accelerates, this listing provides us with growth capital, liquidity for shareholders, and increased visibility as a pure play AI software company delivering proven ROI for global architecture, engineering, and construction (AEC) clients."
Aitenders is the intelligence operating system for construction, the world's largest industry and one of the least digitized. The Aitenders platform masters every requirement, clause, and commitment from pre-construction to project delivery: nothing missed, and the evidence to prove it. Every project makes the next one smarter, and the resulting intelligence asset belongs to the client.
As demand for construction grows with megatrends such as the AI infrastructure and energy build-out, the productivity unlocked by AI becomes the competitive advantage powering the firms positioned to win these projects. Aitenders gives expert teams that advantage, helping them bid and manage more projects with the same resources, while focusing on higher-value work. The same platform runs through delivery, where every commitment is tracked and every drift caught early, protecting the margin on contracts won.
New Management and Board
Pursuant to the closing of the RTO Transaction certain management changes occurred. Brief biographies of the directors and officers of Aitenders are set out below:
GEOFFREY GUILLY - CHIEF EXECUTIVE OFFICER
Geoffrey Guilly is co-founder and CEO of Aitenders. He has more than 20 years of international experience in executive leadership, corporate finance and large-scale infrastructure projects, including senior roles with Systra, Egis and Vinci. Mr. Guilly has led Aitenders since its founding in 2019 and brings sector knowledge, industry relationships and operational experience relevant in the company's next phase as a publicly listed construction technology issuer.
JULIEN SUBERCAZE - CHIEF TECHNOLOGY OFFICER
Julien Subercaze, Ph.D. is co-founder and CTO of Aitenders. He is an AI and machine learning specialist with prior experience as an associate professor and researcher in AI at Télécom Saint-Étienne, and has authored more than 40 research publications. Mr. Subercaze brings deep technical and product development expertise that is expected to continue to support the Company's AI platform strategy following completion of the Transaction.
ROGER JEWETT - CHIEF FINANCIAL OFFICER
Roger Jewett, CPA, is CFO of Aitenders and is expected to serve as CFO of the Resulting Issuer. He has more than 30 years of experience supporting public and private companies through growth stages and financings, and is President of A Fresh Approach Inc., which provides fractional CFO and accounting services. Mr. Jewett brings financial leadership and public-company experience relevant to the Company's transition to its next phase as a listed issuer.
REGIS DAMOUR - DIRECTOR
Mr. Damour is President of RTD Consulting, providing risk management consulting services to public and private companies. Mr. Damour was previously Chief Risk Officer of AECOM (NYSE: ACM), an American multinational infrastructure design firm with $16 billion USD in annual revenue in 2025. Mr. Damour is an angel investor in Aitenders and has provided valuable guidance and high-level connections to industry leaders throughout his involvement.
BRANDON MILNER - DIRECTOR
Brandon Milner is Chief Information Officer at EllisDon, one of Canada's largest construction companies. He previously led new ventures, digital and innovation initiatives at Cadillac Fairview. Mr. Milner brings practical insight into enterprise technology adoption, innovation and customer needs within the construction sector.
HEATHER TULK - DIRECTOR
Ms. Tulk is an accomplished corporate executive and board director. She previously served as President, Commercial and Public Sector at TELUS and has led commercialization and growth initiatives across technology-enabled businesses, including Canada's first sovereign AI Factory. Ms. Tulk brings board governance, operating and go-to-market experience relevant to the Company's next stage of development.
BRENAN ISABELLE - DIRECTOR
Brenan Isabelle has more than 10 years of experience in capital markets and early-stage technology companies as an investor, sales leader and founder. He is currently Vice President, Corporate Development at Numus Financial Inc. Principals of Numus have completed public and private market transactions valued over $2 billion. Mr. Isabelle adds capital markets and business development experience relevant to the Company's growth plans.
Aitenders Strengthens Go-to-Market with Hiring of VP Revenue
Eric Martin brings 25 years of enterprise sales and business development leadership across global markets. As former Head of Solution Engineering, Sustainability Software at IBM, he led complex technology sales to the world's largest organizations, delivering consistent double-digit annualized growth. His expertise in applying data intelligence to critical business problems aligns directly with Aitenders' value proposition. He holds a Ph.D. in Sciences from Toulouse University and an Executive MBA from HEC Paris. As VP Global Revenue, Mr. Martin provides the proven commercial leadership required to convert Aitenders' enterprise traction into scalable, predictable revenue growth.
About Aitenders Technologies Inc.
Aitenders Technologies Inc. is a technology company operating in the artificial intelligence sector through its wholly owned subsidiary, Aitenders. Founded in 2019 and headquartered in Saint-Étienne, France, Aitenders has been recognized among the Top 50 ConTech Startups 2026 globally by Cemex Ventures, serving enterprise customers including three of the top five largest construction companies in Europe and North America. The Aitenders platform masters every requirement, clause, and commitment across a project's full lifecycle, from bid to final milestone. Each project compounds the client's proprietary knowledge into a data asset no competitor can replicate.
Forward Looking Statements
This news release includes forward looking statements that are subject to assumptions, risks and uncertainties. Statements in this news release which are not purely historical are forward looking statements. Although the Company believes that any forward-looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, are based on assumptions none of which can be assured and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.
The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308860
Source: Aitenders Technologies Inc.
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3 Small Caps Hitting 52-Week Highs: Take Profits or Let Ride?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.
Chief Executive Officer Dr. David Wang said revenue and shipments both increased 36% year over year in the June quarter. Revenue from the company’s electrochemical plating, furnace and other technology category rose 168%, while revenue from advanced packaging, excluding ECP but including services and spares, increased 153%.
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ACM Research: Why This Chinese Chip Stock Is Just Getting Started“The June quarter marked another period of strong execution for ACM Research,” Wang said, adding that ECP and advanced-packaging product categories each grew more than 150% year over year.
Financial Results and Outlook ACM reported non-GAAP gross margin of 46.0%, compared with 48.7% a year earlier, and operating margin of 19.2%, essentially flat with 19.3% in the prior-year period. Non-GAAP operating income increased to $56.3 million from $41.5 million.
Small Cap, Big Potential: 3 Tech Disruptors You Should Know AboutNet income attributable to ACM Research was $44.5 million, compared with $37.3 million a year earlier. Diluted earnings per share were $0.61, up from $0.55.
The company increased its 2026 revenue guidance to a range of $1.125 billion to $1.175 billion, from its prior range of $1.08 billion to $1.175 billion. The new forecast implies annual revenue growth of 25% to 30%. Management continues to expect shipment growth to exceed revenue growth this year.
Chief Financial Officer Mark McKechnie said the company expects full-year research and development spending to represent 16% to 18% of revenue, sales and marketing spending to be around 8%, and general and administrative spending to be 5% to 6% of revenue. ACM maintained its long-term gross-margin target range of 42% to 48%.
Cash, cash equivalents, restricted cash and time deposits totaled $1.36 billion at quarter-end, while net cash was $1.0 billion. The company said approximately $300 million of net cash was held on its U.S. balance sheet, following a $150 million direct offering completed in May.
ACM used $6.4 million in operating cash flow during the quarter and spent $65.4 million on capital expenditures. McKechnie reiterated expected capital expenditures of about $175 million for the full year, reflecting continued investment in production and global operations.
Product Mix Shifts Toward Plating and Packaging Revenue from single-wafer cleaning, Tahoe and semi-critical cleaning products totaled $133 million, down 14.2% from a year earlier and representing 45.4% of total sales. Wang said the category included little contribution from newer products, particularly its single-wafer hot sulfuric peroxide mixture, or SPM, tools.
The company said it shipped a handful of single-wafer SPM systems during the first half and expects to ship more in the second half, targeting more than 20 systems by year-end. Wang said ACM expects its broader cleaning revenue to recover as customers qualify initial tools and repeat shipments increase.
ACM also expanded capabilities on its Ultra C Tahoe platform, adding wet etching and monitor-wafer reclaim applications. The company said the expanded platform has been adopted by multiple leading semiconductor manufacturers.
Meanwhile, revenue from ECP, front-end and packaging, furnace and other technologies reached $128.5 million, accounting for 43.9% of sales. Wang said demand was supported by both front-end and back-end plating applications, including increased copper-processing requirements tied to larger logic dies, more interconnect layers and higher-bandwidth memory packaging.
During the quarter, ACM shipped its 2,000th electroplating chamber. The company had shipped its 1,500th chamber in 2025 and its 500th chamber in 2022.
Panel-Level Packaging Orders and Global Expansion Wang announced that ACM received orders from two advanced-packaging customers for horizontal panel-level plating systems. One was a production order from an existing customer in mainland China for a 510-by-515 millimeter panel format, while the other was an evaluation system for a new customer in Asia using a 310-by-310 millimeter format.
Management said it believes ACM will be among the first companies to deliver horizontal panel-level plating systems to multiple customers across regions. Wang described panel-level packaging as a potential long-term growth opportunity as artificial intelligence-related chip designs increase in complexity and size.
The company also said its PECVD and track platforms are progressing through customer evaluations. ACM expects production qualification for a PECVD tool shipped to a new customer in the first quarter, as well as its high-throughput KrF track tool, by the end of 2026.
Outside mainland China, ACM said it expects to have more than 20 tools installed at customer sites by year-end, spanning roughly 10 customers in five countries. Wang cited activity in Singapore and North America, while highlighting the planned opening later this year of a U.S.-based demo center in Oregon.
ACM’s first Lingang production building is already in volume production, and the company expects to open a second building later this year. Together, the two facilities can support up to $3 billion in annual output, according to management.
Orders, Supply Chain and Customer Diversification Management said first-half orders rose 105% year over year across product categories, with relatively greater emphasis on newer products. McKechnie said some orders received in 2026 may not be fulfilled this year, potentially supporting growth into 2027.
The company acknowledged that component availability remains tight, with longer lead times for certain parts. However, McKechnie said ACM does not anticipate a significant impact on gross margin, citing inventory purchased in advance and the company’s existing supply arrangements.
Customer concentration also declined. During the first half, ACM had one customer representing more than 10% of revenue, accounting for 12.7% of the mix. In the first half of 2025, three customers represented 49.9% of revenue.
About ACM Research (NASDAQ:ACMR)ACM Research, Inc NASDAQ: ACMR designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.
Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.
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August 07, 2026 05:00 ET | Source: ACM Research, Inc.
FREMONT, Calif., Aug. 07, 2026 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its second quarter ended June 30, 2026.
“We delivered a strong second quarter, with revenue and shipments both increasing 36% year over year,” said Dr. David Wang, President and Chief Executive Officer of ACM. “Revenue growth was led by the ECP and advanced packaging categories, which grew 168% and 153%, respectively, reflecting the growing contribution of our broader product portfolio. During the quarter, we shipped our 2,000th ECP chamber, an important milestone that demonstrates the increasing adoption of our ECP technology in high-volume manufacturing of logic, memory and 3D packaging. We also delivered good profitability, and ended the quarter with $1.0 billion in net cash, providing significant financial strength to support our long-term growth strategy.”
Dr. Wang continued, “Customer demand as demonstrated by increased order activity provides us with good visibility for the remainder of 2026. We see 2026 as a ‘Big Year’ for new products as we proceed with customer evaluations and product ramps across multiple platforms, including SPM Cleaning, Track, PECVD and horizontal panel-level plating for advanced packaging. At the same time, we are expanding engagement with global customers and making solid progress at our Oregon facility. We are raising our full-year 2026 revenue outlook for 25% to 30% growth. We remain confident in our ability to outgrow the market through new product cycles, market share gains and increasing contributions from global markets as we execute toward our long-term revenue target of $4 billion.”
Three Months Ended June 30 GAAP Non-GAAP(1) 2026 2025 2026 2025 (dollars in thousands, except EPS)Revenue$292,919 $215,372 $292,919 $215,372 Gross margin 46.0% 48.5% 46.0% 48.7%Income from operations$49,743 $31,694 $56,326 $41,464 Net income attributable to ACM Research, Inc.$88,984 $29,760 $44,516 $37,316 Basic EPS$1.31 $0.47 $0.66 $0.58 Diluted EPS$1.23 $0.44 $0.61 $0.55 Six Months Ended June 30 GAAP Non-GAAP(1) 2026 2025 2026 2025 (dollars in thousands, except EPS)Revenue$524,182 $387,719 $524,182 $387,719 Gross margin 46.1% 48.2% 46.2% 48.5%Income from operations$85,920 $57,471 $98,124 $77,058 Net income attributable to ACM Research, Inc.$106,291 $50,140 $68,484 $68,395 Basic EPS$1.59 $0.79 $1.02 $1.08 Diluted EPS$1.49 $0.74 $0.96 $1.01 (1) Reconciliations to U.S. generally accepted accounting principles (“GAAP”) financial measures from non-GAAP financial measures are presented below under “Reconciliation of GAAP to Non-GAAP Financial Measures.” Non-GAAP financial measures exclude stock-based compensation and, with respect to net income attributable to ACM Research, Inc. and basic and diluted earnings per share, also exclude unrealized gain on short-term investments and its impact to net income attributable to non-controlling interests.
Outlook
ACM has raised its revenue guidance range to $1.125 billion to $1.175 billion for fiscal year 2026, from the prior range of $1.08 billion to $1.175 billion. This expectation is based on ACM management’s current assessment of the continuing impact from international trade policy, together with various expected spending scenarios of key customers, supply chain constraints, and the timing of acceptances for first tools under evaluation in the field, among other factors.
Operating Highlights and Recent Announcements
Shipments. Total shipments in the second quarter of 2026 were $281.5 million, up 36.4% when compared to the second quarter of 2025. Total shipments include deliveries for revenue in the quarter and deliveries of first tool systems awaiting customer acceptance for potential revenue in future quarters.Shipment of the 2,000th Electroplating Chamber. ACM shipped its 2,000th electroplating chamber, following shipment milestones of 500 chambers in 2022 and 1,500 chambers in 2025. The achievement underscores the continued commercial expansion and growing market recognition of ACM's electroplating solutions.Presented Proprietary High-Temperature SPM Cleaning Technology at SPCC 2026. ACM presented its proprietary high-temperature SPM cleaning technology at the Surface Preparation and Cleaning Conference (SPCC) 2026, showcasing particle performance of fewer than 15 particles at 15nm without requiring periodic DI water chamber cleaning. The technology is designed to improve yield and lower maintenance requirements for advanced GAA logic, DRAM and HBM applications.Expansion of the Ultra C Tahoe Wet Processing Platform. ACM has expanded its Ultra C Tahoe system into a multi-process wet processing platform, by adding advanced wet etch and monitor wafer reclaim applications for logic and memory manufacturing. The expanded platform has been adopted by leading semiconductor manufacturers, and the Tahoe Recycle application is running in volume production at customer facilities. This expanded Tahoe platform demonstrates the versatility of our hybrid architecture and its scalability for advanced semiconductor manufacturing. ACM will continue to drive world-class process performance and integrating environmental benefits into product development to help make advanced semiconductor manufacturing more efficient and sustainable.Received Orders for the Ultra ECP ap-p Tool. ACM received the first production order for one 510 × 515 mm Ultra ECP ap-p tool from an existing advanced packaging customer in mainland China, with delivery scheduled for the first half of 2027. ACM also received an evaluation order for one 310 × 310 mm tool from a new leading panel-manufacturer customer based in Asia, with delivery scheduled for the fourth quarter of 2026. Second Quarter 2026 Financial Summary
Unless otherwise noted, the following figures refer to the second quarter of 2026 and comparisons are with the second quarter of 2025.
Revenue was $292.9 million, up 36.0%, primarily driven by higher sales of ECP (front-end and packaging), furnace and other technologies, and advanced packaging (excluding ECP), services & spares, partially offset by lower sales of single-wafer cleaning, Tahoe and semi-critical cleaning tools.Gross margin was 46.0% versus 48.5%. Non-GAAP gross margin, which excludes stock-based compensation, was 46.0% versus 48.7%. Gross margin was above the mid-point of ACM’s long-term business model target range of 42% to 48%. ACM expects gross margin to vary from period to period due to a variety of factors, such as product mix, currency impacts and sales volume.Operating expenses were $84.9 million, an increase of 16.6%. Operating expenses as a percentage of revenue decreased to 29.0% from 33.8%. Non-GAAP operating expenses, which exclude the effect of stock-based compensation, were $78.5 million, up 23.9%. Non-GAAP operating expenses as a percentage of revenue decreased to 26.8% from 29.4%.Operating income was $49.7 million, compared to $31.7 million. Operating margin was 17.0% compared to 14.7%. Non-GAAP operating income, which excludes the effect of stock-based compensation, was $56.3 million, compared to $41.5 million. Non-GAAP operating margin, which excludes stock-based compensation, was 19.2% compared to 19.3%.Unrealized gain on short-term investments was $69.6 million, compared to an unrealized gain of $2.7 million. Unrealized gain reflects the change in market value of the investments by ACM’s principal operating subsidiary, ACM Research (Shanghai), Inc. The value is marked-to-market quarterly and is excluded in the non-GAAP financial metrics.Income tax expense was $13.5 million, compared to $1.9 million. The change in tax expense primarily resulted from the tax effect of an increase in operating profit for the period.Net income attributable to ACM Research, Inc. was $89.0 million, compared to $29.8 million. Non-GAAP net income attributable to ACM Research, Inc., which excludes the effect of stock-based compensation and unrealized gain on short-term investments, was $44.5 million, compared to $37.3 million.Net income per diluted share attributable to ACM Research, Inc. was $1.23, compared to $0.44. Non-GAAP net income per diluted share, which excludes the effect of stock-based compensation and unrealized gain on short-term investments, was $0.61, compared to $0.55.Cash and cash equivalents, plus restricted cash and short-term time deposits were $1.36 billion at June 30, 2026, compared to $1.25 billion at March 31, 2026. Net cash, which excludes short-term and long-term borrowings, was $1.0 billion at June 30, 2026, compared to $924.2 million at March 31, 2026.
Conference Call Details
A conference call to discuss results will be held on Friday, August 7, 2026, at 8:00 a.m. Eastern Time (8:00 p.m. China Time). To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive email instructions to access the conference call, including dial-in information and a PIN number allowing access to the conference call. This pre-registration process is designed by the operator to reduce delays due to operator congestion when accessing the live call.
Participants who have not pre-registered may join the webcast by accessing the link at ir.acmr.com/news-events/events.
A live and archived webcast will be available on the Investors section of the ACM website at www.acmr.com.
Use of Non-GAAP Financial Measures
ACM presents non-GAAP gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc. and basic and diluted earnings per share as supplemental measures to GAAP financial measures regarding ACM’s operational performance. These supplemental measures exclude the impact of stock-based compensation, which ACM does not believe is indicative of its core operating results. In addition, non-GAAP net income attributable to ACM Research, Inc. and basic and diluted earnings per share exclude the effect of stock-based compensation and unrealized gain (loss) on short-term investments, which ACM also believes are not indicative of its core operating results. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure is provided below under “Reconciliation of GAAP to non-GAAP Financial Measures.”
ACM believes these non-GAAP financial measures are useful to investors in assessing its operating performance. ACM uses these financial measures internally to evaluate its operating performance and for planning and forecasting of future periods. Financial analysts may focus on and publish both historical results and future projections based on the non-GAAP financial measures. ACM also believes it is in the best interests of investors for ACM to provide this non-GAAP information.
While ACM believes these non-GAAP financial measures provide useful supplemental information to investors, there are limitations associated with the use of these non-GAAP financial measures. These non-GAAP financial measures may not be reported by competitors, and they may not be directly comparable to similarly titled measures of other companies due to differences in calculation methodologies. The non-GAAP financial measures are not an alternative to GAAP information and are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures. They should be used only as a supplement to GAAP information and should be considered only in conjunction with ACM’s consolidated financial statements prepared in accordance with GAAP.
Forward-Looking Statements
Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
About ACM Research, Inc.
ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.
In the United States:The Blueshirt Group Steven C. Pelayo, CFA (360) 808-5154 [email protected] In China:The Blueshirt Group Asia Gary Dvorchak, CFA +86 (138) 1079-1480 [email protected] ACM RESEARCH, INC.
Condensed Consolidated Balance Sheets
June 30, 2026 December 31, 2025 (Unaudited) (In thousands)Assets Current assets: Cash and cash equivalents$969,229 $757,373 Restricted cash 21,358 8,589 Short-term time deposits 365,055 366,591 Short-term investments 105,091 35,524 Accounts receivables, net 538,389 504,250 Other receivables 66,820 48,655 Inventories, net 783,119 702,631 Advances to related parties 163 2,500 Prepaid expenses and other current assets 25,554 10,567 Total current assets 2,874,778 2,436,680 Property, plant and equipment, net 384,593 314,830 Operating lease right-of-use assets, net 16,634 17,925 Intangible assets, net 2,516 2,847 Deferred tax assets 25,904 29,389 Long-term investments 89,249 66,035 Other long-term assets 5,564 4,479 Total assets$3,399,238 $2,872,185 Liabilities and Equity Current liabilities: Short-term borrowings$107,218 $74,041 Current portion of long-term borrowings 40,787 35,082 Related parties accounts payable 29,799 32,060 Accounts payable 220,601 215,440 Advances from customers 165,566 187,809 Deferred revenue 15,908 17,388 Income taxes payable 3,626 991 FIN-48 payable 28,908 27,719 Other payables and accrued expenses 168,944 150,396 Current portion of operating lease liability 4,907 4,786 Total current liabilities 786,264 745,712 Long-term borrowings 192,904 178,930 Long-term operating lease liability 3,503 5,069 Other long-term liabilities 11,444 11,965 Total liabilities 994,115 941,676 Commitments and contingencies Equity: Stockholders’ equity: Class A Common stock 6 6 Class B Common stock 1 1 Additional paid-in capital 1,361,841 1,115,504 Retained earnings 456,719 350,428 Statutory surplus reserve 34,164 34,164 Accumulated other comprehensive loss 7,423 (35,740)Total ACM Research, Inc. stockholders’ equity 1,860,154 1,464,363 Non-controlling interests 544,969 466,146 Total equity 2,405,123 1,930,509 Total liabilities and equity$3,399,238 $2,872,185 ACM RESEARCH, INC.
Condensed Consolidated Statements of Operations and Comprehensive Income
Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 (Unaudited) ( In thousands, except share and per share data) Revenue$292,919 $215,372 $524,182 $387,719 Cost of revenue 158,301 110,911 282,326 200,708 Gross profit 134,618 104,461 241,856 187,011 Operating expenses: Sales and marketing 23,778 22,102 44,466 38,445 Research and development 42,254 33,817 78,803 61,320 General and administrative 18,843 16,848 32,667 29,775 Total operating expenses 84,875 72,767 155,936 129,540 Income from operations 49,743 31,694 85,920 57,471 Interest income 7,142 4,013 11,861 7,352 Interest expense (2,059) (1,757) (3,992) (3,315)Realized gain on short-term investments - 54 - 54 Unrealized gain on short-term investments 69,592 2,730 68,186 1,648 Other expense, net (9,793) (346) (19,093) (608)Income from equity method investments 21,097 1,773 22,846 2,725 Income before income taxes 135,722 38,161 165,728 65,327 Income tax expense (13,472) (1,891) (17,243) (4,044) Net income 122,250 36,270 148,485 61,283 Less: Net income attributable to non-controlling interests 33,266 6,510 42,194 11,143 Net income attributable to ACM Research, Inc.$88,984 $29,760 $106,291 $50,140 Comprehensive income: Net income 122,250 36,270 148,485 61,283 Foreign currency translation adjustment, net of tax of nil 30,141 3,905 57,938 5,655 Comprehensive Income 153,066 40,175 207,098 66,938 Less: Comprehensive income attributable to non-controlling interests 41,477 7,250 57,644 12,207 Comprehensive income attributable to ACM Research, Inc.$111,589 $32,925 $149,454 $54,731 Net income attributable to ACM Research, Inc. per common share: Basic$1.31 $0.47 $1.59 $0.79 Diluted$1.23 $0.44 $1.49 $0.74 Weighted average common shares outstanding used in computing per share amounts: Basic 67,890,917 63,968,763 66,853,350 63,620,235 Diluted 71,838,908 67,464,856 70,678,872 67,138,338 ACM RESEARCH, INC.
Total Revenue by Product Category
Three Months Ended June 30, Six Months Ended June 30, 2026
2025
2026
2025
(Unaudited) ($ in thousand)Single wafer cleaning, Tahoe and semi-critical cleaning equipment$132,978 $154,961 $255,460 $284,530ECP (front-end and packaging), furnace and other technologies 128,546 48,016 212,785 75,646Advanced packaging (excluding ECP), services & spares 31,395 12,395 55,937 27,543Total Revenue By Product Category$292,919 $215,372 $524,182 $387,719 ACM RESEARCH, INC.
Reconciliation of GAAP to Non-GAAP Financial Measures
As described under “Use of Non-GAAP Financial Measures” above, ACM presents non-GAAP gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc., and basic and diluted earnings per share as supplemental measures to GAAP financial measures, each of which excludes stock-based compensation (“SBC”) from the equivalent GAAP financial line items. In addition, non-GAAP net income attributable to ACM Research, Inc., and basic and diluted earnings per share exclude unrealized gain (loss) on short-term investments. The following tables reconcile gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc., and basic and diluted earnings per share to the related non-GAAP financial measures:
Three Months Ended June 30, 2026 2025 Actual
(GAAP)SBCOther non-
operating
adjustmentsAdjusted
(Non-
GAAP)Actual
(GAAP)SBCOther non-
operating
adjustmentsAdjusted
(Non-
GAAP) (In thousands)Revenue$292,919 $- $- $292,919 $215,372 $- $- $215,372 Cost of revenue (158,301) (177) - (158,124) (110,911) (356) - (110,555)Gross profit 134,618 (177) - 134,795 104,461 (356) - 104,817 Gross margin 46.0% 0.1% - 46.0% 48.5% 0.2% - 48.7%Operating expenses: Sales and marketing (23,778) (1,330) - (22,448) (22,102) (2,096) - (20,006)Research and development (42,254) (1,532) - (40,722) (33,817) (2,580) - (31,237)General and administrative (18,843) (3,544) - (15,299) (16,848) (4,738) - (12,110)Total operating expenses (84,875) (6,406) - (78,469) (72,767) (9,414) - (63,353)Income (loss) from operations 49,743 (6,583) - 56,326 31,694 (9,770) - 41,464 Unrealized gain on short-term investments 69,592 - 69,592 - 2,730 - 2,730 - Less: Net income attributable to non-controlling interests 33,266 - (18,541) 14,725 6,510 - (516) 5,994 Net income (loss) attributable to ACM Research, Inc.$88,984 $(6,583)$51,051 $44,516 $29,760 $(9,770)$2,214 $37,316 Basic EPS$1.31 $0.66 $0.47 $0.58 Diluted EPS$1.23 $0.61 $0.44 $0.55 Six Months Ended June 30, 2026 2025 Actual
(GAAP)SBCOther non-
operating
adjustmentsAdjusted
(Non-
GAAP)Actual
(GAAP)SBCOther non-
operating
adjustmentsAdjusted
(Non-
GAAP) (In thousands)Revenue$524,182 $- $- $524,182 $387,719 $- $- $387,719 Cost of revenue (282,326) (525) - (281,801) (200,708) (885) - (199,823)Gross profit 241,856 (525) - 242,381 187,011 (885) - 187,896 Gross margin 46.1% 0.1% - 46.2% 48.2% 0.2% - 48.5%Operating expenses: Sales and marketing (44,466) (2,822) - (41,644) (38,445) (4,253) - (34,192)Research and development (78,803) (3,374) - (75,429) (61,320) (5,355) - (55,965)General and administrative (32,667) (5,483) - (27,184) (29,775) (9,094) - (20,681)Total operating expenses (155,936) (11,679) - (144,257) (129,540) (18,702) - (110,838)Income (loss) from operations 85,920 (12,204) - 98,124 57,471 (19,587) - 77,058 Unrealized gain on short-term investments 68,186 - 68,186 - 1,648 - 1,648 - Less: Net income attributable to non-controlling interests 42,194 - (18,175) 24,019 11,143 - (316) 10,827 Net income (loss) attributable to ACM Research, Inc.$106,291 $(12,204)$50,011 $68,484 $50,140 $(19,587)$1,332 $68,395 Basic EPS$1.59 $1.02 $0.79 $1.08 Diluted EPS$1.49 $0.96 $0.74 $1.01
Adds Advanced Wet Etch and Monitor Wafer Reclaim Applications for Logic and Memory Manufacturing August 07, 2026 05:00 ET | Source: ACM Research, Inc.
FREMONT, Calif., Aug. 07, 2026 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer and panel processing solutions for semiconductor and advanced packaging applications, today announced that it has expanded its Ultra C Tahoe system into a multi-process wet processing platform with new process applications that support a broader range of advanced wet processing applications for logic and memory device manufacturing. The expanded platform has been adopted by multiple leading semiconductor manufacturers, demonstrating its production readiness, versatility and scalability for advanced semiconductor manufacturing.
Leveraging ACM's proprietary hybrid wet processing technology, the Ultra C Tahoe platform integrates batch and single wafer processes into a common architecture, enabling multiple advanced wet processes to be performed on a single platform. The platform fully leverages the advantages of batch cleaning, supporting longer process times and reducing chemical consumption, while also delivering the key benefits of single-wafer cleaning, including high particle removal efficiency, significantly reduced cross-contamination between wafers, and precise process time control. Recycle monitor wafer reclaim processing capabilities were recently added to the Ultra C Tahoe platform for advanced process node. The Ultra C Tahoe system leverages the hybrid architecture to consolidate multiple processing steps previously performed on separate tools into a single hybrid platform. This reduces wafer transfers between tools and shortens cycle time, while delivering improved particle removal performance and higher throughput.
“As semiconductor manufacturing becomes more complex, customers need solutions that improve productivity while remaining flexible enough to support evolving process requirements,” said Dr. David Wang, President and Chief Executive Officer of ACM. “Expanding Tahoe into a multi-process platform demonstrates the versatility of our hybrid architecture and its scalability for advanced semiconductor manufacturing. ACM will continue to drive world-class process performance and integrating environmental benefits into product development to help make advanced semiconductor manufacturing more efficient and sustainable.”
New Applications and key Benefits of the Ultra C Tahoe Platform:
Expanded Process Capabilities: The addition of bench nitrogen (N2) bubbling technology expands the platform to support a growing portfolio of advanced wet processing applications, including uniform silicon nitride recess etching, polysilicon etching and etch-back, tungsten recess processing, and silicon-germanium recess etching. Together with ACM's proprietary SAPS, TEBO, SMT technologies, as well as hot IPA drying, the expanded platform provides integrated etching, advanced cleaning, and drying capabilities while minimizing damage to patterned structures.More Efficient Monitor Wafer Reclaim: Monitor wafer is used to track tool conditions and process stability. Tahoe Recycle monitor wafer reclaim process supports film and residue removal, cleaning, and drying. It consolidates these steps into a single hybrid platform, reducing wafer transfers between tools and shortening cycle time. The process also provides enhanced film-removal capability for double-side-coated and thick-film wafers, improving reclaimed-wafer cleanliness and overall process efficiency. The Tahoe Recycle application is now running in volume production at customer facilities.Enhanced Particle and Contamination Control: The Ultra C Tahoe platform has achieved an average particle count of fewer than 6 particles at 26 nm, with surface metal contamination below 1 × 10⁹ atoms/cm².Environmental and Cost Benefits: The Ultra C Tahoe platform can reduce sulfuric acid consumption by up to 75%, helping lower high-volume manufacturing costs, reduce related chemical waste and support customers’ sustainability and ESG goals. Forward-Looking Statements
Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
About ACM Research, Inc.
ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.
Media Contact:Company Contacts:Alyssa LundeenUSABodewell GroupRobert Metter+1 218.398.0776+1 [email protected] China Xi WangIR Contacts:ACM Research (Shanghai), Inc.The Blueshirt Group+86 21 50808868Steven C. Pelayo, CFA +1 (360) [email protected] Research (Korea), Inc. +82 70-41006699Gary Dvorchak, CFA +86 (138) [email protected] Chang +886 921999884 Singapore Adrian Ong +65 8813-1107
Key Takeaways ACM Research's second-quarter revenue estimate implies 24.5% growth, while EPS is expected to decline.ACMR is benefiting from strong ECP, advanced packaging and cleaning equipment demand.Higher R&D spending and product mix could pressure ACMR's operating and gross margins. ACM Research (ACMR - Free Report) is scheduled to report second-quarter 2026 results on Aug. 7, before market open.
The Zacks Consensus Estimate for ACM Research’s second-quarter 2026 earnings is pegged at 30 cents per share, implying a year-over-year decline of 44.4%.
ACM Research’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters, while missing twice, the average surprise being 20.44%.
The Zacks Consensus Estimate for ACM Research’s second-quarter 2026 revenues is pegged at $268.2 million, suggesting year-over-year growth of 24.5%.
Key Factors to Note for ACM Research's Q2 EarningsACM Research's second-quarter performance is expected to have benefited from strong demand for its electrochemical plating (ECP) products. Demand for these tools is being driven by investments in high-bandwidth memory, advanced packaging and 2.5D chip packaging. In the first quarter of 2026, revenues from ECP, furnace and other technologies increased 205% year over year to $84.2 million. Continued demand for copper plating tools is likely to have supported second-quarter growth.
Strong demand for advanced packaging equipment is also likely to have aided second-quarter results. First-quarter revenues from advanced packaging, excluding ECP, increased 62% year over year. ACM Research is seeing demand for coaters, developers, wet etchers, strippers and cleaning tools used in advanced packaging. The company is gaining traction with its panel-level horizontal plating platform and expects customer evaluations to support future production orders.
The cleaning business is expected to have improved in the second quarter. In the first quarter of 2026, cleaning tool shipments increased 32% year over year. Management said that several technical issues related to new cleaning applications have largely been resolved. The company is also ramping its single-wafer SPM cleaning tool and expects to deliver 15-20 units in 2026. ACM Research's new products are expected to have supported its prospects in the second quarter. The company expects higher contributions in 2026 from its Tahoe, single-wafer SPM and vertical furnace products. These factors are likely to have boded well for ACMR’s prospects in the second quarter of 2026.
However, higher operating expenses are likely to have limited earnings growth. ACM Research expects R&D expenses to account for 16-18% of revenues in 2026 compared with 15% in the first quarter, as the company continues to invest in new products. In the first quarter of 2026, operating expenses increased 38.5%, reflecting continued investments in R&D, sales and global expansion. As a result, operating margin declined to 18.1% from 20.7% in the year-ago quarter.
Further, in the first quarter of 2026, gross margin declined year over year to 46.5% from 48.2%. Management specifically noted that product mix can cause quarterly fluctuations, meaning rapid growth in newer product categories may not translate directly into stable margin expansion. These factors could have hurt the company’s prospects in the second quarter of 2026.
What Our Model Says About ACMROur proven model does not conclusively predict an earnings beat for ACMR this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.
ACMR has an Earnings ESP of 0.00% and carries a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With Favorable CombinationHere are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Lumentum (LITE - Free Report) has an Earnings ESP of +0.46% and carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Lumentum is set to report fourth-quarter fiscal 2026 results on Aug. 11. The Zacks Consensus Estimate for Lumentum’s fourth-quarter fiscal 2026 earnings is pegged at $2.99 per share, up by 3 cents over the past 30 days, indicating a rise of 239.8% from the year-ago quarter’s reported figure.
Analog Devices (ADI - Free Report) has an Earnings ESP of +21.21% and a Zacks Rank #2 at present.
Analog Devices is slated to report third-quarter fiscal 2026 results on Aug. 19. The Zacks Consensus Estimate for Analog Devices’ third-quarter fiscal 2026 earnings is pegged at $3.33 per share, up by 4 cents over the past 30 days, indicating a rise of 62.4% from the year-ago quarter’s reported figure.
Applied Materials (AMAT - Free Report) has an Earnings ESP of +1.52% and carries a Zacks Rank #2 at present.
Applied Materials is set to report third-quarter fiscal 2026 results on Aug. 13. The Zacks Consensus Estimate for Applied Materials’ third-quarter earnings is pegged at $3.36 per share, up by a penny over the past 30 days, indicating a rise of 35.5% from the year-ago quarter’s reported figure.
Vancouver, British Columbia--(Newsfile Corp. - August 4, 2026) - Allied Critical Metals Inc. (CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0) ("Allied" or the "Company") is pleased to announce that further to the news release dated April 24, 2026, the Company is continuing to progress towards closing of the second tranche of the U.S.$25 million non-brokered private placement offering of common shares at a price of $2.05 per share (the "Offering") in the amount of U.S.$15 million second tranche (the "Second Tranche") with an existing strategic investor (the "Existing Strategic Investor") and a new strategic investor (the "New Strategic Investor", collectively the "Strategic Investors"). The Existing Strategic Investor has confirmed to the Company its intention to backstop the contemplated investment by the New Strategic Investor in the Second Tranche.
Dimensional Fund Advisors LP raised its holdings in shares of AECOM (NYSE:ACM – Free Report) by 6.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,387,535 shares of the construction company’s stock after purchasing an additional 82,903 shares during the quarter. Dimensional Fund Advisors LP owned 1.07% of AECOM worth $117,680,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Orion Porfolio Solutions LLC increased its position in shares of AECOM by 28,246.5% during the second quarter. Orion Porfolio Solutions LLC now owns 5,335,667 shares of the construction company’s stock worth $602,183,000 after acquiring an additional 5,316,844 shares in the last quarter. Norges Bank bought a new position in AECOM in the 4th quarter valued at about $205,499,000. PFA Pension Forsikringsaktieselskab acquired a new position in AECOM during the 4th quarter valued at about $67,553,000. Invesco Ltd. increased its holdings in AECOM by 14.2% during the 3rd quarter. Invesco Ltd. now owns 4,979,960 shares of the construction company’s stock worth $649,735,000 after purchasing an additional 618,205 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in AECOM by 13,673.1% during the fourth quarter. Marshall Wace LLP now owns 461,674 shares of the construction company’s stock worth $44,011,000 after buying an additional 458,322 shares in the last quarter. 85.41% of the stock is owned by institutional investors.
Insiders Place Their Bets In related news, CEO Troy Rudd bought 4,225 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $71.02 per share, for a total transaction of $300,059.50. Following the completion of the purchase, the chief executive officer directly owned 142,207 shares in the company, valued at $10,099,541.14. The trade was a 3.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Lara Poloni bought 4,224 shares of AECOM stock in a transaction dated Tuesday, June 16th. The shares were bought at an average cost of $70.63 per share, with a total value of $298,341.12. Following the completion of the transaction, the president directly owned 153,446 shares in the company, valued at approximately $10,837,890.98. This trade represents a 2.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 9,869 shares of company stock valued at $699,391. Company insiders own 0.46% of the company’s stock.
Analyst Ratings Changes A number of equities analysts have issued reports on the stock. Robert W. Baird cut their price objective on shares of AECOM from $98.00 to $91.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Barclays lowered their target price on shares of AECOM from $110.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, May 19th. Royal Bank Of Canada dropped their price target on shares of AECOM from $111.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Wall Street Zen cut shares of AECOM from a “buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Truist Financial reduced their price objective on shares of AECOM from $109.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, AECOM presently has a consensus rating of “Moderate Buy” and an average price target of $114.82.
Get Our Latest Stock Report on AECOM
AECOM Stock Up 5.0% Shares of NYSE:ACM opened at $74.48 on Wednesday. AECOM has a 1 year low of $66.28 and a 1 year high of $135.52. The company has a market capitalization of $9.57 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 0.86 and a beta of 0.93. The business has a fifty day moving average price of $69.86 and a two-hundred day moving average price of $82.76. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.11 and a quick ratio of 1.11.
AECOM (NYSE:ACM – Get Free Report) last released its earnings results on Monday, May 11th. The construction company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $1.94 billion. AECOM had a return on equity of 28.52% and a net margin of 3.16%.The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 EPS. AECOM has set its FY 2026 guidance at 5.900-6.100 EPS. Analysts forecast that AECOM will post 5.97 earnings per share for the current year.
AECOM Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Wednesday, July 1st were given a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.24 annualized dividend and a yield of 1.7%. AECOM’s payout ratio is currently 32.38%.
About AECOM (Free Report)
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
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On July 28, 2026, AECOM (ACM) shares rose 4.9% today, closing at $74.44. This move is notable given the stock's 52-week range of $66.28 to $135.52.GF Value⢠v
Delta Global Management LP acquired a new position in AECOM (NYSE:ACM – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,183 shares of the construction company’s stock, valued at approximately $1,797,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Great Lakes Advisors LLC increased its stake in AECOM by 14.9% in the 1st quarter. Great Lakes Advisors LLC now owns 2,366 shares of the construction company’s stock worth $219,000 after buying an additional 306 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of AECOM by 62.6% in the first quarter. Empowered Funds LLC now owns 14,266 shares of the construction company’s stock worth $1,323,000 after acquiring an additional 5,493 shares during the period. Focus Partners Wealth boosted its stake in shares of AECOM by 6.9% in the first quarter. Focus Partners Wealth now owns 4,150 shares of the construction company’s stock worth $385,000 after acquiring an additional 269 shares during the period. EverSource Wealth Advisors LLC boosted its stake in AECOM by 189.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company’s stock worth $34,000 after purchasing an additional 195 shares during the period. Finally, Cresset Asset Management LLC grew its stake in AECOM by 13.7% during the second quarter. Cresset Asset Management LLC now owns 2,935 shares of the construction company’s stock valued at $331,000 after acquiring an additional 353 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets Several research firms have weighed in on ACM. Barclays cut their price target on AECOM from $110.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, May 19th. KeyCorp dropped their price objective on shares of AECOM from $115.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Wall Street Zen downgraded shares of AECOM from a “buy” rating to a “hold” rating in a report on Monday, July 6th. Truist Financial reduced their target price on shares of AECOM from $109.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Finally, Citigroup restated a “buy” rating on shares of AECOM in a research report on Thursday. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AECOM presently has a consensus rating of “Moderate Buy” and an average price target of $114.82.
Check Out Our Latest Analysis on ACM
Insider Transactions at AECOM In other news, CFO Gaurav Kapoor bought 1,420 shares of the stock in a transaction dated Thursday, May 14th. The stock was purchased at an average price of $71.12 per share, for a total transaction of $100,990.40. Following the acquisition, the chief financial officer owned 88,053 shares of the company’s stock, valued at $6,262,329.36. The trade was a 1.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Troy Rudd purchased 4,225 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $71.02 per share, with a total value of $300,059.50. Following the completion of the purchase, the chief executive officer owned 142,207 shares in the company, valued at $10,099,541.14. This trade represents a 3.06% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 9,869 shares of company stock worth $699,391. 0.46% of the stock is currently owned by insiders.
AECOM Stock Performance NYSE ACM opened at $70.68 on Monday. The business’s 50 day moving average price is $69.80 and its 200-day moving average price is $83.14. AECOM has a fifty-two week low of $66.28 and a fifty-two week high of $135.52. The company has a market cap of $9.08 billion, a P/E ratio of 18.45, a P/E/G ratio of 0.86 and a beta of 0.93. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.11 and a current ratio of 1.11.
AECOM (NYSE:ACM – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The construction company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $1.94 billion. AECOM had a return on equity of 28.52% and a net margin of 3.16%.AECOM’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $1.25 earnings per share. AECOM has set its FY 2026 guidance at 5.900-6.100 EPS. Sell-side analysts predict that AECOM will post 5.97 earnings per share for the current year.
AECOM Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Wednesday, July 1st were paid a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. AECOM’s dividend payout ratio is currently 32.38%.
AECOM Company Profile (Free Report)
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
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DALLAS--(BUSINESS WIRE)--AECOM (NYSE:ACM), the trusted global infrastructure leader, today announced it has been selected by ANA Aeroportos de Portugal S.A., part of VINCI Airports group, to deliver the preliminary design for New Lisbon Airport (Luis de Camões Airport), a planned world-class international hub for the capital city of Portugal. The new development will establish a unique gateway to Portugal, delivering substantial capacity expansion and serving as a catalyst for regional economic.
California Public Employees Retirement System reduced its position in shares of AECOM (NYSE:ACM – Free Report) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,398 shares of the construction company’s stock after selling 28,810 shares during the period. California Public Employees Retirement System owned about 0.20% of AECOM worth $21,748,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Northwestern Mutual Investment Management Company LLC lifted its stake in AECOM by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 29,634 shares of the construction company’s stock valued at $2,825,000 after acquiring an additional 113 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of AECOM by 12.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,089 shares of the construction company’s stock worth $104,000 after acquiring an additional 119 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of AECOM by 3.3% during the 4th quarter. HB Wealth Management LLC now owns 3,860 shares of the construction company’s stock worth $368,000 after acquiring an additional 125 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of AECOM by 4.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,128 shares of the construction company’s stock valued at $298,000 after purchasing an additional 129 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of AECOM by 86.7% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 280 shares of the construction company’s stock valued at $27,000 after purchasing an additional 130 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.
Insiders Place Their Bets In other AECOM news, CFO Gaurav Kapoor purchased 1,420 shares of the stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $71.12 per share, with a total value of $100,990.40. Following the completion of the transaction, the chief financial officer directly owned 88,053 shares in the company, valued at $6,262,329.36. This represents a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Lara Poloni acquired 4,224 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average price of $70.63 per share, for a total transaction of $298,341.12. Following the purchase, the president directly owned 153,446 shares of the company’s stock, valued at approximately $10,837,890.98. This trade represents a 2.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 9,869 shares of company stock valued at $699,391 over the last 90 days. 0.46% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth Several brokerages recently commented on ACM. Wall Street Zen cut shares of AECOM from a “buy” rating to a “hold” rating in a report on Monday, July 6th. Truist Financial lowered their price target on shares of AECOM from $109.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. KeyCorp cut their price target on shares of AECOM from $115.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Barclays reduced their price objective on shares of AECOM from $110.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Finally, Weiss Ratings cut AECOM from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.82.
Read Our Latest Report on AECOM
AECOM Stock Performance NYSE ACM opened at $67.40 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.07. The firm’s fifty day moving average price is $69.88 and its two-hundred day moving average price is $83.54. AECOM has a 1 year low of $66.28 and a 1 year high of $135.52. The firm has a market capitalization of $8.66 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 0.84 and a beta of 0.93.
AECOM (NYSE:ACM – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The construction company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.01. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $1.94 billion. AECOM had a net margin of 3.16% and a return on equity of 28.52%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. AECOM has set its FY 2026 guidance at 5.900-6.100 EPS. As a group, research analysts anticipate that AECOM will post 5.97 EPS for the current year.
AECOM Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Wednesday, July 1st were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. AECOM’s dividend payout ratio (DPR) is presently 32.38%.
About AECOM (Free Report)
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
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DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced that it intends to issue its third quarter fiscal 2026 earnings results after the U.S. market closes on August 10, 2026. The Company will also host a conference call and webcast with analysts and investors on August 11, 2026, at 8 a.m. Eastern Time / 7 a.m. Central Time, during which management will present the Company's financial results and outlook, strategic accomplishments, and market and b.
Key Takeaways Dycom raised fiscal 2027 guidance after a record backlog and strong demand for digital infrastructure.AECOM reported a record backlog & raised fiscal 2026 guidance, supported by transportation and water markets.DY earnings estimates moved higher, while ACM's fiscal 2026 estimate edged lower despite expected growth. The growing long-term public and private capital investment trends have been lucrative for infrastructure companies like Dycom Industries, Inc. (DY - Free Report) and AECOM (ACM - Free Report) . This favorable scenario is resulting in increased projects for telecommunications, transportation, environmental, energy and water businesses.
Dycom is a specialty contracting firm offering diverse services such as engineering, construction, maintenance and installation for the cable and telephone companies. Conversely, AECOM is a solutions provider offering professional, technical and management services across diverse industries and end markets.
Let’s closely compare the fundamentals of the two infrastructure stocks to determine which one is a better investment now.
The Case for Dycom StockDycom is benefiting from unprecedented investment in AI-driven digital infrastructure, creating a favorable long-term demand environment. Explosive growth in cloud computing, Artificial Intelligence workloads and hyperscale data centers is driving the need for fiber infrastructure, inside-the-fence connectivity, electrical systems and long-haul network deployments. These favorable trends translated into a record first-quarter fiscal 2027 backlog of $11.9 billion, up 46.5% year over year, with a robust 2.2x book-to-bill ratio, providing strong revenue visibility. Customers are also extending contract durations to secure DY’s skilled workforce for multi-year projects, strengthening backlog quality.
Following a record first quarter of fiscal 2027 that exceeded expectations, Dycom raised its fiscal 2027 outlook, now expecting total contract revenues between $7.38 billion and $7.65 billion (from $6.85-$7.15 billion). For the second quarter of fiscal 2027, management forecasts revenues of $1.94-$2.01 billion (up from $1.378 billion reported a year ago), adjusted EBITDA of $284-$303 million (up from $205.5 million reported a year ago) and adjusted EPS of $4.40-$4.82 (up from $3.33 reported a year ago).
Besides focusing on revenue growth, Dycom is also making meaningful profitability improvements through disciplined execution, operating leverage and a favorable project mix. First-quarter fiscal 2027 adjusted EBITDA margin expanded 141 basis points (bps) year over year to 13.4%, while the Communications segment (which contributed 98.3% to fiscal 2026 contract revenues) delivered a 31-bps margin expansion despite continued investments in workforce expansion and geographic growth. Moreover, DY’s balanced capital allocation strategy combines organic investments, strategic acquisitions and shareholder returns to strengthen its competitive position. The successful acquisition of Power Solutions has expanded Dycom's exposure to the rapidly growing data center electrical contracting market, while the pending acquisition of National Technology Integrators further extends its capabilities into structured cabling, security systems and end-to-end digital infrastructure.
Continued scaling of data center projects, productivity improvements, disciplined project selection, successful integration of acquisitions and expanding higher-value digital infrastructure work are expected to support ongoing earnings growth.
The Case for AECOM StockAECOM continues to benefit from multi-year public spending programs that support transportation, water, environment and facilities demand in its largest geographies besides the United States, including the United Kingdom, Canada, the UAE and Asia. Besides the funding under IIJA, the company is also leveraging incentives from the "One Big Beautiful Bill" and ongoing "resharing" initiatives, which are creating new opportunities with several years of visibility ahead. In the second quarter of fiscal 2026, total backlog increased 8% year over year to a record $26.2 billion, supported by a 1.2x design book-to-burn ratio and the 22nd consecutive quarter with book-to-burn above 1x.
ACM’s net service revenues (NSR) — defined as revenues excluding subcontractor and other direct costs — are benefiting from strength across core transportation, water, and environment markets. In the second quarter of fiscal 2026, NSR rose to $1.95 billion, with the Americas design business up 8% on a constant-currency basis, which management described as its most profitable area. For the long term, AECOM still aims to achieve 5-8% organic NSR growth annually, projecting a margin run-rate exceeding 20% by fiscal 2028.
Besides market tailwinds, AECOM’s emphasis on investments in proprietary AI and digital delivery capabilities is boding well, mainly for its profit structure. Over time, management expects advisory and program management to represent about half of the business, which supports its longer-term margin targets. Notably, in the second quarter of fiscal 2026, the company’s margin trajectory remained favorable, with segment adjusted operating margin increasing 50 basis points (bps) year over year to 16.5%, supported by operating efficiencies and mix. Management raised fiscal 2026 guidance again to adjusted EPS of $5.90-$6.10 (from $5.85-$6.05) and adjusted EBITDA of $1.275-$1.305 billion (from $1.27-$1.305 billion).
However, risks like tariffs, economic conditions, policy changes and currency movements tend to affect project timing, resulting in delays in awards and a less favorable mix of work. Moreover, AECOM operates with contract structures that require accurate estimating and execution discipline, and outcomes can be affected by claims, change orders or shifting project scopes. In the fiscal 2026 first half, contract assets included approximately $680 million of significant claims, up from about $400 million as of Sept. 30, 2025, which underscores that project-level resolution timing can influence working capital and reported cash flow.
Stock Performance & ValuationAs witnessed from the chart below, in the year-to-date period, Dycom’s share price performance has been above AECOM’s and the broader Construction sector.
Image Source: Zacks Investment Research
Considering valuation, over the last five years, Dycom has been trading above AECOM on a forward 12-month price-to-earnings (P/E) ratio basis.
Image Source: Zacks Investment Research
Overall, from these technical indicators, it can be deduced that DY stock offers an increasing growth trend but with a premium valuation, while ACM stock offers a declining growth trend with a discounted valuation.
Comparing EPS Estimate Trends: DY vs. ACMThe Zacks Consensus Estimate for DY’s fiscal 2026 and fiscal 2027 earnings has moved upward in the past 30 days. The revised estimates for fiscal 2026 and fiscal 2027 imply year-over-year growth of 36.6% and 22%, respectively.
DY's EPS Trend
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ACM’s fiscal 2026 earnings has trickled down in the past 30 days, while the same for fiscal 2027 has remained unchanged over the past 60 days. However, the estimates for fiscal 2026 and fiscal 2027 imply year-over-year improvements of 13.5% and 13.3%, respectively.
ACM's EPS Trend
Image Source: Zacks Investment Research
Return on Equity (ROE) of DY & ACM StocksAECOM’s trailing 12-month ROE of 28.52% exceeds Dycom’s average, underscoring its efficiency in generating shareholder returns.
Image Source: Zacks Investment Research
Should You Invest in DY Stock or ACM Stock?Dycom is directly capitalizing on accelerating AI-driven digital infrastructure, fiber deployment and hyperscale data center construction, supported by a record $11.9 billion backlog, a robust 2.2x book-to-bill ratio and raised fiscal 2027 guidance. Although the stock trades at a premium, its superior operational momentum and stronger technical indicators justify the higher valuation.
On the other hand, AECOM remains a fundamentally sound infrastructure leader with record backlog, improving margins and broad exposure to transportation, water and environmental projects worldwide. However, downward earnings estimate revisions for fiscal 2026, execution risks tied to large contract claims and exposure to policy, tariff and currency uncertainties temper its near-term outlook.
While AECOM's higher ROE reflects efficient capital deployment, Dycom's stronger revenue visibility, accelerating earnings trajectory and favorable estimate revisions provide a clearer path for continued stock appreciation. Backed by a Zacks Rank #1 (Strong Buy) compared with ACM stock’s Zacks Rank #4 (Sell), DY stock stands out as the better stock to buy now for investors seeking superior growth potential and long-term upside. You can see the complete list of today’s Zacks #1 Rank stocks here.
July 15, 2026 16:05 ET | Source: ACM Research, Inc.
FREMONT, Calif., July 15, 2026 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR) announced today that it will release its financial results for the second quarter of 2026 before the U.S. market open on Friday, August 7, 2026. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) to discuss the results.
What:ACM Second Quarter (ended June 30, 2026) Earnings Call When:8:00 a.m. U.S. Eastern Time on Friday, August 7, 2026 Webcast:ir.acmr.com/news-events/events To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive email instructions to access the conference call, including dial-in information and a PIN number allowing access to the conference call. This pre-registration process is designed by the operator to reduce delays due to operator congestion when accessing the live call.
Participants who have not pre-registered may join the webcast by accessing the link at ir.acmr.com/news-events/events.
A live and archived webcast of the conference call will be available on the Investors section of ACM’s website at www.acmr.com.
About ACM Research, Inc.
ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.
For investor and media inquiries, please contact:
In the United States:The Blueshirt Group
Steven C. Pelayo, CFA
+1 (360) 808-5154 [email protected] In China:The Blueshirt Group Asia
Gary Dvorchak, CFA
+86 (138) 1079-1480 [email protected]
