Key Takeaways LDOS posted Q1 non-GAAP EPS of $3.13 and revenues of $4.40B, beating consensus estimates.Backlog ended at $48.4B, led by Intelligence & Digital at $19.34B and Defense at $12.59B.LDOS raised 2026 guidance to $18.0-$18.4B revenues and $12.10-$12.50 non-GAAP EPS. Leidos Holdings, Inc. (LDOS - Free Report) reported first-quarter 2026 non-GAAP earnings of $3.13 per share, beating the Zacks Consensus Estimate of $2.88 by 8.68%. The metric increased 5.4% from $2.97 in the year-ago quarter.
On a GAAP basis, earnings per share were $2.56, down from $2.77 a year ago. Management attributed the year-over-year decline in GAAP results to discrete costs tied to the Entrust acquisition and the pending joint venture involving security-related businesses.
LDOS' Total RevenuesTotal revenues came in at $4.40 billion, up 3.7% year over year and above the Zacks Consensus Estimate of $4.27 billion by 3.1%. The company said revenues increased on higher customer demand, particularly across Intelligence programs, commercial energy infrastructure work and domestic and international air traffic management systems.
Demand signals were mixed in the quarter. Net bookings totaled $3.3 billion, translating into a book-to-bill ratio of 0.8, even as management highlighted a trailing-12-month book-to-bill of 1.1 that supported year-over-year growth in contracted activity.
LDOS’ BacklogBacklog at quarter-end was $48.4 billion, including $9.6 billion funded and $38.8 billion unfunded. The company noted that the funded portion reflects contract value supported by appropriated funding (net of revenues previously recognized), while unfunded backlog includes remaining task-order value and options expected to be executed.
By segment, Intelligence & Digital backlog totaled $19.34 billion, Health was $6.56 billion, Homeland was $9.88 billion and Defense was $12.59 billion. Backlog as of April 3, 2026, also included $371 million acquired through the Entrust acquisition within the Homeland segment.
Operational Statistics of LDOSCost of revenues totaled $3.64 billion compared with $3.49 billion in the prior-year quarter. Selling, general and administrative expenses were $223 million compared with $230 million a year ago, while acquisition, integration and restructuring costs increased to $35 million from $4 million.
Operating income was $508 million, down from $530 million in the year-ago period. Interest expense rose to $55 million from $49 million.
Leidos’ Segmental PerformanceIntelligence & Digital revenues rose to $1.51 billion from $1.41 billion, supported by recent contract awards and higher volumes for Intelligence Community mission support, along with $22 million of acquisition revenues tied to Kudu Dynamics. Non-GAAP operating margin increased to 10.2% from 9.7%.
Health revenues were $1.19 billion, unchanged year over year. Non-GAAP operating margin was 24.2% compared with 24.7% a year ago.
Homeland revenues increased to $816 million from $770 million, driven primarily by continued demand for Energy Infrastructure engineering services and domestic and international air traffic control systems. Non-GAAP operating margin decreased to 8.5% from 9.4% amid changing customer requirements on a fixed-price program.
Defense revenues were $883 million compared with $879 million a year ago, as strong growth in integrated air defense systems offset the wind-down of certain airborne surveillance programs. Non-GAAP operating margin decreased to 8.3% from 9.8%, primarily due to schedule delays on a fixed-price development program.
LDOS’ FinancialsCash and cash equivalents were $457 million at quarter-end, down from $1.11 billion as of Jan. 2, 2026. Long-term debt, net of the current portion, increased to $6.01 billion from $4.63 billion over the same period, reflecting acquisition financing activity.
Net cash provided by operating activities totaled $301 million for the quarter, up from $58 million in the prior-year period. The company also returned capital to shareholders during the quarter, including $243 million in share repurchases and $55 million in dividend payments.
LDOS’ 2026 GuidanceLeidos raised its fiscal 2026 outlook, with revenues now expected in the range of $18.00-$18.40 billion compared with the prior view of $17.50-$17.90 billion. The Zacks Consensus Estimate for revenues is pegged at $17.91 billion, which is below the company’s guided range.
Non-GAAP earnings are now projected at $12.10-$12.50 per share compared with the prior range of $12.05-$12.45. The Zacks Consensus Estimate for earnings is pegged at $12.26 per share, which lies below the midpoint of the company’s guided range.
The company also raised its cash flows provided by operating activities outlook to approximately $1.80 billion from approximately $1.75 billion.
LDOS’ Zacks RankLeidos Holdings currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Defense ReleasesRTX Corporation’s (RTX - Free Report) first-quarter 2026 adjusted earnings per share of $1.78 beat the Zacks Consensus Estimate of $1.52 by 17%. The bottom line improved 21.1% from the year-ago quarter’s level of $1.47.
Quarterly revenues came in at $22.08 billion, up 8.7% from $20.31 billion in the year-ago period. Sales also beat the consensus mark of $21.56 billion by 2.43%.
Northrop Grumman Corporation (NOC - Free Report) reported first-quarter 2026 adjusted earnings of $6.14 per share, which beat the Zacks Consensus Estimate of $6.08 by 1%. The bottom line also improved 1.3% from the year-ago quarter’s level of $6.06.
NOC’s total sales of $9.88 billion in the first quarter beat the Zacks Consensus Estimate of $9.79 billion by 1%. The top line also improved 4.4% from $9.47 billion reported in the year-ago quarter.
The Boeing Company (BA - Free Report) incurred an adjusted loss of 20 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 95 cents. The bottom line improved from the year-ago quarter’s reported loss of 49 cents.
Revenues amounted to $22.22 billion, which outpaced the Zacks Consensus Estimate of $21.87 billion by 3.5%. The top line also surged 14% from the year-ago quarter’s reported figure of $19.5 billion.
After two days of falling share prices post-earnings, defense technology giant Palantir (PLTR 2.04%) stock is getting back on the horse Thursday, and as of 11:40 a.m. ET its stock is up 4.2%.
You can thank the U.S. Army for that -- and hackers.
Image source: Getty Images.
Palantir's Hackathon Palantir announced this morning that it will participate in an upcoming "hackathon sprint" hosted by the U.S. Army. It won't be the only defense company participating; according to an Army press release, everyone from Anduril to Boeing (BA 0.17%), General Dynamics (GD +0.34%), L3Harris (LHX 1.20%), Leidos (LDOS +1.23%), Lockheed Martin (LMT 1.25%), Northrop Grumman (RTX 0.02%), and RTX Corp (RTX 0.02%) have also been invited.
But Palantir has a special reason to want to participate and show off its technical chops.
Last quarter, Palantir hit its highest-ever year-over-year growth rate of 85%, but two factors may still be worrying investors. First, Palantir warned that new contracts grew more slowly than sales (yielding a book-to-bill ratio under 1.0), and full-year sales may grow only 71% this year.
And second, government sales in particular grew more slowly than commercial sales -- only 76% for government, versus 95% for commercial, according to data from S&P Global Market Intelligence.
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Why Palantir wants to enlist in the Army A big win with the U.S. Army could help shift this dynamic and reaccelerate government sales growth. And here's the best news:
According to the Army, the aim of its "Right to Integrate" hackathon is to "ensure offensive and defensive weapon systems, and business systems across the Army, can collectively integrate, share data and communicate with each other." This objective plays right to Palantir's strengths.
If Palantir's looking for a place to grow faster, I think they just found it.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Boeing, L3Harris Technologies, Leidos, Palantir Technologies, and RTX. The Motley Fool recommends Lockheed Martin. The Motley Fool has a disclosure policy.
Leidos Holdings is rated Buy, with a 10.4% upside target based on strong fundamentals and a widening gap between earnings and share price. LDOS's high return on equity (30.49%) and management's NorthStar 2030 strategy underpin expectations for continued growth and compounding returns. Recent price declines are attributed to macro factors like the U.S. government shutdown, not deterioration in LDOS's earnings or operational performance.
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, /PRNewswire/ -- Leidos (NYSE: LDOS) has been awarded a $2.7 billion U.S. Army contract to advance hypersonic weapons from prototyping to production. This contract unifies the Thermal Protection Shield (TPS) and Common Hypersonic Glide Body (CHGB) programs, with the goal of streamlining development and accelerating delivery of this critical capability in alignment with Army acquisition reform initiatives.
By integrating these programs, Leidos will work to help the warfighter achieve greater efficiency, reduce production timelines and support a reliable supply of components to meet operational demands. Leidos brings proven expertise in guidance systems, sensor technologies, and precision munitions integration to this effort, helping to advance the nation's hypersonic capabilities and strengthen its integrated air and missile defense.
"This contract is a major step forward in delivering hypersonic capabilities to the warfighter at speed," said Leidos Defense President Cindy Gruensfelder. "Our team is committed to supporting the Army and Navy in producing this critical operational capability."
The combined contract is intended to transition the programs into a production-ready phase to support the Department of War's initiatives. Leidos has been the prime contractor on the TPS program since 2021 and CHGB program since 2019.
This contract aligns with Leidos' NorthStar 2030 strategy, emphasizing commitment to innovation and technological leadership in defense and national security. By focusing on advanced hypersonic and precision strike technologies, Leidos is not only working to meet current defense needs but also positioning the company for future military capabilities, a key pillar of its long-term corporate vision.
About Leidos
Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 50,000 global employees, Leidos reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026. For more information, visit www.Leidos.com.
Certain statements in this announcement constitute "forward-looking statements" within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management's current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the "Risk Factors" set forth in Leidos' Annual Report on Form 10-K for the fiscal year ended January 2, 2026, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
Media Contact:
Brandon Ver Velde
(571) 526-6257
[email protected]
Leidos logo is seen in this illustration taken July 26, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
May 12 (Reuters) - Leidos Holdings (LDOS.N), opens new tab said on Tuesday the U.S. Army has awarded a $2.7 billion contract to the defense contractor to move its hypersonic weapons from prototype development into production.
Hypersonic weapons, which are at the center of an arms race between the U.S. and China, can travel at more than five times the speed of sound and evade traditional defenses.
The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.
The deal combines Leidos' Thermal Protection Shield program, which provides the technology to protect hypersonic weapons from extreme heat and pressure during flight, with its Common Hypersonic Glide Body (CHGB) program.
The CHGB program makes the body for a long-range hypersonic missile called "Dark Eagle", which the U.S. Army and Navy successfully tested, opens new tab in March.
Integrating these programs will help reduce production timelines and ensure a reliable supply of components to meet operational demands, Leidos said.
Reporting by Aishwarya Jain in Bengaluru; Editing by Shilpi Majumdar
Our Standards: The Thomson Reuters Trust Principles., opens new tab
, /PRNewswire/ -- America's warfighters will receive an initial 3,000 Leidos (NYSE: LDOS) Low-Cost Containerized Munitions (LCCM) through a framework agreement with the Department of War that advances President Donald J. Trump and Secretary of War Pete Hegseth's "Arsenal of Freedom" initiative.
The new cruise missile is expected to significantly enhance the country's ground-launched combat capability, demonstrating Leidos' ability to rapidly scale defense production and deliver decisive capabilities to the U.S. military.
Leidos' new Low-Cost Containerized Munitions (LCCM) is expected to significantly enhance the country's ground-launched combat capability. Leidos will expand its workforce and enhance its facilities in Huntsville, Alabama, and McEwen, Tennessee, to produce the LCCM. Consistent with the DoW's desire to utilize commercial products, development of Leidos' LCCM is company-funded, leveraging the technologies in its AGM-190A Small Cruise Missile (SCM) program.
"We're answering the Department of War's call to revolutionize the procurement of critical capabilities at scale, with a focus on speed to operational capability," said Leidos Chief Executive Officer Tom Bell. "This agreement reflects the department's appreciation of Leidos' defense tech prowess and their trust in our proven history in delivering advanced missile technologies."
Leidos started LCCM work in December, reaching a conceptual design with the Pentagon that is capable of achieving all mission objectives. Full system design, development and test will result in production beginning in 2027.
At approximately twice the size of the AGM-190A, the LCCM offers increased mission effectiveness and fuel capacity to maximize range. Building on the Leidos Small Cruise Missile's heritage, the LCCM leverages key design features including a modular airframe and a common Weapon Open Systems Architecture (WOSA) to enable rapid integration, upgrades and mission adaptability. The design also utilizes Leidos' established supply chain and scalable production approach.
While initially ground-launched, LCCM's modular design could also support maritime platform integration and air-launched variants.
Leidos' decision to fund development and expand its production capabilities reflects its commitment to advancing operational capabilities through its NorthStar 2030 strategy.
Leidos is a proven leader in the design, development and integration of advanced missile systems, launchers and precision strike technologies for the U.S. military. In addition to the AGM-190A, Leidos is the prime contractor for the U.S. Army's Enduring Shield (Indirect Fire Protection Capability) launcher and supports next-generation hypersonic strike capabilities through its work on the Common Hypersonic Glide Body. The company also delivers precision munitions integration and advanced guidance and sensor technologies that strengthen integrated air and missile defense architectures.
About Leidos
Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 50,000 global employees, Leidos reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026. For more information, visit www.leidos.com.
Certain statements in this announcement constitute "forward-looking statements" within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management's current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the "Risk Factors" set forth in Leidos' Annual Report on Form 10-K for the fiscal year ended January 2, 2026, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
Key Takeaways LDOS signed a $2.7B U.S. Army contract to accelerate full-scale hypersonic weapons production. Leidos will combine TPS and CHGB programs to simplify production and speed hypersonic deployment.LDOS shares fell nearly 2.8% after the deal and are down 28% over the past three months. Leidos (LDOS - Free Report) recently announced that it has signed a $2.7 billion contract with the U.S. Army to accelerate hypersonic weapons full-scale production. The contract combines the Thermal Protection Shield (“TPS”) and Common Hypersonic Glide Body (“CHGB”) programs, simplifying production and speeding deployment of this key capability in line with the Army’s acquisition reform efforts.
The company has been the leading contractor of the TPS program since 2021 and the CHGB program since 2019, and the project is part of the company’s NorthStar 2030 strategy. By leveraging its expertise in guidance systems, sensor technologies and precision munitions integration, the company is well-positioned to efficiently scale up production.
LDOS is committed to assisting the Army and Navy in delivering this vital operational capability. This large, long-term defense contract is expected to support the company’s future revenue growth.
Even though the company received a sizeable contract from the U.S. Army, the market reaction was docile and LDOS shares have lost nearly 2.8% since the date of announcement of the deal, closing at $124.84 per share on May 18, 2026.
Role of Hypersonic WeaponsAccording to SpaceNews, Hypersonic weapons play an important role in battlefield dominance, and countries like China, Russia, North Korea and Iran are also developing similar technology. Hypersonic weapons are strategically important for the U.S. military as they are difficult to detect and intercept. Escalating geopolitical tensions across the globe are prompting U.S. defense authorities to strengthen their defense capabilities through increased investments in advanced military systems like hypersonic weapons.
Other Defense Operators Having Hypersonic ProgramsApart from Leidos, some other defense contractors are well-positioned to capitalize on growth opportunities in the defense systems market.
Lockheed Martin Corporation (LMT - Free Report) is one of the world’s largest aerospace and defense contractors, operating through four major segments. The company is engaged in developing highly advanced hypersonic technology and sustaining advanced missile and rocket systems.
LMT has a long-term (three to five years) earnings growth rate of 18.48%. The Zacks Consensus Estimate for 2026 earnings is pinned at $29.88 per share, which implies a year-over-year increase of 29.24%
RTX Corporation (RTX - Free Report) , operating through three segments, provides systems and services to commercial, military and government customers across the world. It’s a prominent player in the aerospace and defense industry, leveraging its weapons expertise to develop air-breathing hypersonic scramjet systems that utilize high-speed airflow for propulsion and operate with a single solid rocket booster without moving parts.
RTX has a long-term earnings growth rate of 10.21%. The Zacks Consensus Estimate for 2026 earnings is pinned at $6.91 per share, which implies a year-over-year increase of 9.86%
Northrop Grumman Corporation (NOC - Free Report) operates through four segments and is engaged in developing advanced hypersonic engines and propulsion technologies, including scramjet systems. The company also develops and produces essential missile components like warheads and fuses.
NOC has a long-term earnings growth rate of 5.25%. The Zacks Consensus Estimate for 2026 earnings is pinned at $28.01 per share, which implies a year-over-year increase of 6.34%.
Price Movement of LDOSOver the past three months, shares of the company have plunged 27.8% compared with the industry’s 3% decline.
Image Source: Zacks Investment Research
Leidos’s Zacks RankLDOS currently carries a Zacks Rank #3(Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Company selected in four categories to deliver secure, reliable IT supporting U.S. diplomacy globally
, /PRNewswire/ -- Leidos (NYSE:LDOS) is set to help modernize IT systems U.S. diplomats rely on worldwide through four awards under the U.S. Department of State's Evolve contract.
Through Evolve, Leidos is ready to support secure access to critical systems and data across the State Department's global network. This includes strengthening cybersecurity, modernizing applications and infrastructure and improving the reliability of IT services across a network of embassies and consulates.
"The Department of State runs one of the most globally dispersed IT environments in the federal government," said Leidos Digital Modernization President Steve Hull. "Diplomats and embassy staff depend on secure, resilient systems that perform in any environment. These awards position us to deliver technology that supports their mission every day."
Leidos received awards in four functional categories: cloud and data center services; application development services; network and telecommunications services; and customer and end user support.
Evolve is a multiple award, indefinite delivery indefinite quantity contract that includes a one-year base period and six option years, with a total ceiling of $10 billion.
Leidos brings extensive experience in cloud migration, zero trust security, AI-driven operations and global network modernization. By using automation and continuous monitoring, the company helps agencies advance cyber defenses, improve information sharing and maintain reliable operations worldwide.
This award supports Leidos' NorthStar 2030 strategic focus on digital modernization, cyber and customer-centric innovation leveraging AI and IT transformation.
About Leidos
Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 50,000 global employees, Leidos reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026. For more information, visit www.Leidos.com.
Certain statements in this announcement constitute "forward-looking statements" within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management's current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the "Risk Factors" set forth in Leidos' Annual Report on Form 10-K for the fiscal year ended January 2, 2026, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
Media Contact:
Brandon Ver Velde
(571) 926-1627
[email protected]
Conflict is intensfying around the world, from Latin America to the Middle East to potentially the Pacific. In preparation for a less peaceful future, the U.S. is substantially increasing its defense budget, boosting it by 44% to $1.5 trillion in 2027 alone. Full budgets are not out yet, but it is clear there will be a huge rise in spending on new military technologies and in stockpiles of key products, such as missile defense systems.
Many stocks can benefit as suppliers to this new arsenal of democracy. Here are two defense stocks worth looking at.
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A play on autonomous warfare Anyone following the war in Ukraine knows that drones are the future of warfare. In land-based conflict, this means drones in the air. But for sea-based conflict, the U.S. Navy is increasing its defense and attack capabilities with underwater drones. The contractors making these drones can overlap with air drones such as start-up Anduril, but it is in a much earlier growth phase, with research and procurement only beginning now.
One stock at the center of the subsea drone supply chain is Kraken Robotics (KRKNF 0.08%), a maker of batteries, sensors, and other systems for these unmanned underwater vehicles. Given the difficulty of building batteries that can operate in the high-pressure environments deep in the ocean, Kraken has minimal competition across many of its products.
This lack of competition should place the company on a significant growth trajectory during the next few years as the U. S. defense budget for underwater drones increases. In just the first few months of 2026, Kraken has announced $87 million in new orders across its product segments, with a key focus on subsea batteries for these drone makers.
Kraken's total revenue was $74 million in 2025. Along with its recent acquisition of the Covelya Group, Kraken has a long growth runway during the next decade that can turn it into a huge winner in any stock portfolio.
Image source: Getty Images.
The new hypersonic leader? A more established player in the defense industry that will benefit from the growing defense budget is Leidos (LDOS +1.36%). It has many different divisions, including healthcare software for the Defense Department, mission software for the battlefield, cybersecurity systems, and defense technology.
It should see steady growth from existing contracts. Revenue hit $17 billion during the past 12 months, up 31% in the past five years. This is not hypergrowth by any means, but a steady piece of infrastructure within the federal government.
Where Leidos may see a growth surge is within its new hypersonic product, which is a key priority for the U.S. at the moment. It was recently awarded a $2.7 billion contract from the U.S. Army to bring its hypersonic products from prototype to production. The company has been developing these capabilities for many years, and it now appears to have the lead in winning the prime contract to supply hypersonic missiles to the Army, which could generate steady cash flows.
Right now, the stock market is not a fan of Leidos and other defense stocks. It trades at a price-to-earnings ratio (P/E) of just 11.5, which is very cheap given its steady growth potential. Management is steadily repurchasing stock as well, with shares outstanding down more than 11% during the past five years.
Combine these capital returns, the steady software business, and the potential growth from defense technology like hypersonics, and Leidos looks like a hidden gem investors can buy today. Along with Kraken Robotics, these are two defense stocks flying under the radar that investors can add to their portfolios.
Leidos (LDOS - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this security and engineering company have returned -11.8%, compared to the Zacks S&P 500 composite's +6% change. During this period, the Zacks Computers - IT Services industry, which Leidos falls in, has gained 4.7%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Leidos is expected to post earnings of $2.94 per share, indicating a change of -8.4% from the year-ago quarter. The Zacks Consensus Estimate has changed -2.5% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $12.25 points to a change of +2.2% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $12.97 indicates a change of +5.8% from what Leidos is expected to report a year ago. Over the past month, the estimate has changed +0.5%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Leidos is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Leidos, the consensus sales estimate of $4.36 billion for the current quarter points to a year-over-year change of +2.6%. The $17.98 billion and $18.84 billion estimates for the current and next fiscal years indicate changes of +4.7% and +4.8%, respectively.
Last Reported Results and Surprise HistoryLeidos reported revenues of $4.4 billion in the last reported quarter, representing a year-over-year change of +3.7%. EPS of $3.13 for the same period compares with $2.97 a year ago.
Compared to the Zacks Consensus Estimate of $4.27 billion, the reported revenues represent a surprise of +3.12%. The EPS surprise was +8.68%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Leidos is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Leidos. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
, /PRNewswire/ -- Combatants across the Department of War are gaining better access to satellite communications services through the Joint Management Tool (JMT) that Leidos (NYSE: LDOS) developed with the Defense Information Systems Agency (DISA) and U.S. Space Command.
The JMT gives operators real-time visibility into global SATCOM resources. The cloud-based platform enhances real-time situational awareness, provides reliable connectivity for forces worldwide and allows operators to focus on executing their missions. The JMT's automated dashboard is expected to reduce command-level reporting and analysis time by up to 85%, potentially saving hundreds of hours each year and allowing operators to focus on mission execution.
"The JMT brings clarity to complex satellite communications, giving operators faster, more reliable access to the data they need to make decisions," said Paul Welch, senior vice president of digital modernization at Leidos. "This work underscores our role in operating, sustaining and defending the most critical networks supporting U.S. defense missions globally."
The tool consolidates service requests and operational oversight in an enterprise environment across combatant commands, military services and defense agencies. It replaces the legacy system DISA first fielded in 2004 and was developed and deployed in one year.
Built using telecommunications commercial-off-the-shelf modules, the JMT advances the Pentagon's adoption of commercial software solutions. Its modular architecture enables rapid updates, improved scalability and greater flexibility to adapt to evolving operational requirements.
Leidos' commitment to innovation, resilience and customer success aligns with its NorthStar 2030 strategy, driving mission-focused modernization for its customers.
About Leidos
Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 50,000 global employees, Leidos reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026. For more information, visit www.leidos.com.
Certain statements in this announcement constitute "forward-looking statements" within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management's current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the "Risk Factors" set forth in Leidos' Annual Report on Form 10-K for the fiscal year ended January 2, 2026, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
Media Contact
Brandon Ver Velde
(571) 526-6257
[email protected]
A month has gone by since the last earnings report for Leidos (LDOS - Free Report) . Shares have lost about 7.8% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Leidos due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for Leidos Holdings, Inc. before we dive into how investors and analysts have reacted as of late.
LDOS Q1 Earnings Beat on Backlog Scale and Key Contract Wins
Leidos Holdings, Inc. reported first-quarter 2026 non-GAAP earnings of $3.13 per share, beating the Zacks Consensus Estimate of $2.88 by 8.68%. The metric increased 5.4% from $2.97 in the year-ago quarter.
On a GAAP basis, earnings per share were $2.56, down from $2.77 a year ago. Management attributed the year-over-year decline in GAAP results to discrete costs tied to the Entrust acquisition and the pending joint venture involving security-related businesses.
LDOS' Total RevenuesTotal revenues came in at $4.40 billion, up 3.7% year over year and above the Zacks Consensus Estimate of $4.27 billion by 3.1%. The company said revenues increased on higher customer demand, particularly across Intelligence programs, commercial energy infrastructure work and domestic and international air traffic management systems.
Demand signals were mixed in the quarter. Net bookings totaled $3.3 billion, translating into a book-to-bill ratio of 0.8, even as management highlighted a trailing-12-month book-to-bill of 1.1 that supported year-over-year growth in contracted activity.
LDOS’ BacklogBacklog at quarter-end was $48.4 billion, including $9.6 billion funded and $38.8 billion unfunded. The company noted that the funded portion reflects contract value supported by appropriated funding (net of revenues previously recognized), while unfunded backlog includes remaining task-order value and options expected to be executed.
By segment, Intelligence & Digital backlog totaled $19.34 billion, Health was $6.56 billion, Homeland was $9.88 billion and Defense was $12.59 billion. Backlog as of April 3, 2026, also included $371 million acquired through the Entrust acquisition within the Homeland segment.
Operational Statistics of LDOSCost of revenues totaled $3.64 billion compared with $3.49 billion in the prior-year quarter. Selling, general and administrative expenses were $223 million compared with $230 million a year ago, while acquisition, integration and restructuring costs increased to $35 million from $4 million.
Operating income was $508 million, down from $530 million in the year-ago period. Interest expense rose to $55 million from $49 million.
Leidos’ Segmental PerformanceIntelligence & Digital revenues rose to $1.51 billion from $1.41 billion, supported by recent contract awards and higher volumes for Intelligence Community mission support, along with $22 million of acquisition revenues tied to Kudu
Dynamics. Non-GAAP operating margin increased to 10.2% from 9.7%.
Health revenues were $1.19 billion, unchanged year over year. Non-GAAP operating margin was 24.2% compared with 24.7% a year ago.
Homeland revenues increased to $816 million from $770 million, driven primarily by continued demand for Energy Infrastructure engineering services and domestic and international air traffic control systems. Non-GAAP operating margin decreased to 8.5% from 9.4% amid changing customer requirements on a fixed-price program.
Defense revenues were $883 million compared with $879 million a year ago, as strong growth in integrated air defense systems offset the wind-down of certain airborne surveillance programs. Non-GAAP operating margin decreased to 8.3% from 9.8%, primarily due to schedule delays on a fixed-price development program.
LDOS’ FinancialsCash and cash equivalents were $457 million at quarter-end, down from $1.11 billion as of Jan. 2, 2026. Long-term debt, net of the current portion, increased to $6.01 billion from $4.63 billion over the same period, reflecting acquisition financing activity.
Net cash provided by operating activities totaled $301 million for the quarter, up from $58 million in the prior-year period. The company also returned capital to shareholders during the quarter, including $243 million in share repurchases and $55 million in dividend payments.
LDOS’ 2026 GuidanceLeidos raised its fiscal 2026 outlook, with revenues now expected in the range of $18.00-$18.40 billion compared with the prior view of $17.50-$17.90 billion. The Zacks Consensus Estimate for revenues is pegged at $17.91 billion, which is below the company’s guided range.
Non-GAAP earnings are now projected at $12.10-$12.50 per share compared with the prior range of $12.05-$12.45. The Zacks Consensus Estimate for earnings is pegged at $12.26 per share, which lies below the midpoint of the company’s guided range.
The company also raised its cash flows provided by operating activities outlook to approximately $1.80 billion from approximately $1.75 billion.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.
VGM ScoresAt this time, Leidos has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. However, the stock was allocated a score of A on the value side, putting it in the top 20% for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Leidos has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerLeidos belongs to the Zacks Computers - IT Services industry. Another stock from the same industry, Cognizant (CTSH - Free Report) , has gained 4.3% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.
Cognizant reported revenues of $5.41 billion in the last reported quarter, representing a year-over-year change of +5.8%. EPS of $1.40 for the same period compares with $1.23 a year ago.
For the current quarter, Cognizant is expected to post earnings of $1.38 per share, indicating a change of +5.3% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
Cognizant has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.
, /PRNewswire/ -- Global talent solutions and business consulting firm Robert Half (NYSE: RHI) has been honored by Forbes as one of America's Best Employers for Company Culture 2026. This prestigious list includes the top 600 organizations across the country that excel in fostering a welcoming work environment.
Organizations were selected based on a comprehensive evaluation of workplace policies and initiatives, combined with feedback from an independent survey of 217,000 workers at companies with at least 1,000 U.S. employees. Survey questions addressed issues such as fairness, acceptance and opportunity.
"This recognition reflects the values that shape our workplace culture and how we work every day," said M. Keith Waddell, president and chief executive officer of Robert Half. "Our focus on integrity, inclusion, innovation and commitment to success, creates an environment that fosters meaningful connections and drives exceptional results for our clients and candidates."
The survey also assessed how companies performed across several culture-related best practices, including access to employee training programs and employee-led resource groups, as well as the composition of the board and executive teams.
"Our people-first approach is designed to create a positive and engaging workplace experience," said JoLynn Conway-James, senior executive director and chief administrative officer at Robert Half. "By investing in career growth, employee networks and prioritizing overall well-being, we enable our employees to thrive and perform at their best."
Robert Half has also been recognized by Fortune as one of the 100 Best Companies to Work For® and by Newsweek as one of America's Most Responsible Companies.
FAQs
What does this recognition say about Robert Half's workplace culture?
This recognition highlights Robert Half's ongoing commitment to fostering a supportive and growth-oriented environment where employees feel valued and empowered to succeed.
How does Robert Half support employee growth and well-being?
Robert Half invests in professional development through training programs, career advancement opportunities and employee-led resource groups, while also prioritizing well-being through initiatives that support work-life balance and a positive employee experience.
How were companies selected for this recognition?
Companies were evaluated based on an independent survey of 217,000 employees at organizations with at least 1,000 U.S.-based workers, along with an analysis of workplace policies and programs. The survey measured factors such as fairness, inclusion, development opportunities and overall employee satisfaction.
About Robert Half
Robert Half (NYSE: RHI) is the world's first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services. Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the past 12 months, Robert Half, including Protiviti, has been named one of the Fortune® Most Admired Companies™ and 100 Best Companies to Work For. Explore talent solutions, research and insights at RobertHalf.com.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Robert Half Inc. (NYSE: RHI) today announced that its board of directors declared a quarterly cash dividend of $0.59 per share on the company's common stock. The dividend is payable on June 15, 2026, to shareholders of record at the close of business on May 22, 2026.
About Robert Half
Robert Half is the world's first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services. Robert Half is the parent company of Protiviti, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the past 12 months, Robert Half has been recognized as one of America's Most Innovative Companies by Fortune and, with Protiviti, has been named as a Fortune® Most Admired Company™ and one of the 100 Best Companies to Work For®. Explore talent solutions, research and insights at roberthalf.com.
, /PRNewswire/ -- Global talent solutions and business consulting firm Robert Half (NYSE: RHI) has ranked No. 1 on Forbes list of America's Best Professional Recruiting Firms for the eighth consecutive year. The company has also been recognized as one of America's Best Temporary Staffing Firms and one of America's Best Executive Recruiting Firms for 2026.
The America's Best Professional Recruiting Firms rankings – published annually since 2017 – are based on more than 18,000 survey responses from recruiters, hiring managers and job candidates, identifying firms with consistently strong reputations for high-quality service. Respondents evaluated organizations based on their direct experiences.
"Being named the No. 1 Professional Recruiting Firm in America for the eighth consecutive year underscores our ongoing commitment to delivering exceptional results for our clients and candidates," said M. Keith Waddell, president and chief executive officer of Robert Half. "Our people are empowered to continuously innovate and deliver world-class service. This recognition—based on feedback from clients, candidates and industry peers—reinforces our commitment to providing trusted expertise and forward-looking hiring solutions."
Robert Half connects companies with skilled talent and helps job seekers find rewarding roles by combining the expertise of its recruiters with innovative technology solutions. Its award-winning, AI-powered tools leverage advanced machine learning and proprietary data to improve candidate-match quality and help clients navigate change, deploy talent quickly and support technology-driven initiatives.
The company also uses AI to identify organizations most likely to hire or have project needs, enabling its professionals to focus on high-potential opportunities and deliver faster, more precise results.
Robert Half is one of a select few companies—and the only one in its industry—to be named a Fortune® Most Admired Company™ for 29 consecutive years. Robert Half has also been recognized by Fortune as one of the 100 Best Companies to Work For and one of America's Most Innovative Companies.
FAQs
How can staffing firms help employers navigate hiring challenges?
Staffing firms help streamline candidate evaluations, reduce hiring risk and verify candidate authenticity through proprietary performance data and validation processes.
How is Robert Half using AI and technology to support clients and talent?
Robert Half leverages advanced machine learning and proprietary data to match professionals with opportunities quickly and accurately, even as generative AI reshapes how candidates present themselves.
What services does Robert Half provide?
Robert Half connects companies with skilled talent and helps job seekers find roles ranging from entry-level to executive positions. The company combines recruiter expertise with AI-powered tools and proprietary data to improve candidate matching and help clients adapt to evolving workforce needs.
About Robert Half
Robert Half (NYSE: RHI) is the world's first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services. Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the past 12 months, Robert Half, including Protiviti, has been named one of the Fortune® Most Admired Companies™ and 100 Best Companies to Work For. Explore talent solutions, research and insights at roberthalf.com.
On May 5, 2026, Robinson Value Management, Ltd. disclosed a purchase of 137,250 shares of Robert Half (RHI +3.13%), an estimated $3.63 million trade based on quarterly average pricing.
What happenedAccording to a SEC filing dated May 5, 2026, Robinson Value Management, Ltd. increased its stake in Robert Half by 137,250 shares during the first quarter. The estimated transaction value is $3.63 million, based on the mean unadjusted closing price for the quarter. The fund’s position value at quarter-end rose by $3.38 million, a figure that includes both trading and price movement effects.
What else to knowThis was a buy, raising the position to 2.8% of reportable AUM. Top holdings after the filing:NASDAQ:VCSH: $12.53 million (7.0% of AUM)NYSEMKT:SPUU: $12.35 million (6.9% of AUM)NASDAQ:QCOM: $5.72 million (3.2% of AUM)NYSE:MTB: $5.45 million (3.0% of AUM)NYSE:NEM: $5.16 million (2.9% of AUM)As of May 4, 2026, shares were priced at $26.37, down 35.4% over one year, underperforming the S&P 500 by 64 percentage points. Company overviewMetricValueRevenue (TTM)$5.33 billionNet income (TTM)$129.43 millionDividend yield8.81%Price (as of market close May 4, 2026)$26.37Company snapshotProvides staffing, risk consulting, and internal audit services across accounting, finance, technology, legal, and creative fields.Generates revenue primarily through temporary and permanent placement staffing, as well as consulting engagements for business performance and compliance.Serves corporate clients and employment candidates in North America, South America, Europe, Asia, and Australia, with a focus on professional and administrative roles.Robert Half International is a global provider of specialized staffing and consulting solutions, operating through multiple business segments to address diverse workforce and compliance needs. The company leverages its broad geographic presence and deep expertise in professional services to deliver value to both clients and job candidates. Its established market position and diversified service offerings contribute to its competitive advantage in the staffing and employment services industry.
Today's Change
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What this transaction means for investorsRobinson Value Management runs a contrarian value strategy that buys industry leaders with clean balance sheets when they're out of favor and beaten down. Robert Half fits that profile perfectly—the stock is down around 75% from its highs.
The staffing giant is caught in an AI squeeze. Revenue fell 4% last quarter and net margins compressed from 3.6% to 2.4% as companies adopt AI tools to screen candidates in-house instead of paying recruiters. Worse, the white-collar roles Robert Half specializes in placing, such as accountants, IT workers, and administrative staff, are the exact jobs most vulnerable to AI automation.
But there's a counter-argument: AI is also making hiring harder. Fake resumes and AI-generated applications flood companies, making it tougher to verify actual skills. That complexity could drive more demand for staffing firms that can cut through the noise.
This works for value investors betting the stock is oversold and AI ultimately creates more hiring friction than it eliminates. If AI keeps disrupting the industry without creating offsetting demand, Robert Half stays stuck.
Sara Appino has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Qualcomm. The Motley Fool has a disclosure policy.
Robert Half International (RHI) remains a hold as total revenue growth has yet to turn positive and Protiviti's weakness persists. Staffing segment shows credible sequential improvement, especially in technology, with two consecutive quarters of positive same-day, constant-currency growth. Protiviti faces structural headwinds from reduced regulatory enforcement, leading to a 4% y/y revenue decline and ongoing uncertainty.
, /PRNewswire/ -- Global talent solutions and business consulting firm Robert Half (NYSE: RHI) has earned two Stevie awards in the 24th Annual American Business Awards. The company has been honored for Best Artificial Intelligence/Machine Learning Solution and for Women in AI Leadership.
Robert Half received Best Artificial Intelligence/Machine Learning Solution for its AI-powered insights engine, a proprietary platform that has transformed how market intelligence is gathered and integrated into Robert Half's thought leadership. Danti Chen, Ph.D., senior vice president of applications, technology and innovation, and head of data science at Robert Half, was named among the Women in AI Leadership.
"This recognition underscores our continued investment in advancing AI-driven innovation that enhances how we deliver insights and value to our customers," said M. Keith Waddell, president and chief executive officer of Robert Half. "We're especially proud of Danti and her team for their critical contributions to these achievements."
Under Chen's leadership, Robert Half has built a world-class data science organization that delivers significant business impact. Her team has launched numerous advanced capabilities, including AI Recommended Client (ARC), which leverages predictive analytics to recommend clients and enhance sales strategies. Chen has also driven ongoing advancements in the company's AI-powered matching platform and led the development of generative AI solutions across the organization.
"This honor reflects Danti's outstanding leadership in advancing innovation at Robert Half," said James Johnson, executive vice president and chief technology officer of Robert Half. "We're proud of the impact her team has made in developing differentiated tools and solutions that enhance how we operate and serve our clients."
The American Business Awards is the premier business awards program in the United States. More than 3,700 nominations from organizations of all sizes and in virtually every industry were submitted for consideration in a wide range of categories. Robert Half has also been named one of Fortune's 2026 America's Most Innovative Companies and a winner of the 2025 CIO 100 Award.
FAQs
How is Robert Half using AI and technology to support clients and talent?
Robert Half leverages advanced machine learning and proprietary data to match professionals with opportunities quickly and accurately, even as generative AI reshapes how job seekers present themselves.
What makes Robert Half's AI unique?
Robert Half combines advanced AI technologies and proprietary data with deep industry expertise from its talent solutions professionals. Its AI tools are designed to augment capabilities and improve productivity and accuracy while maintaining a personalized, high-touch experience for clients and candidates.
How can staffing firms help employers navigate AI-driven hiring challenges?
Staffing firms can help streamline candidate evaluations, reduce hiring risk and verify candidate authenticity through proprietary performance data and candidate validation processes.
About Robert Half
Robert Half (NYSE: RHI) is the world's first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services. Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the past 12 months, Robert Half, including Protiviti, has been named one of the Fortune® Most Admired Companies™ and 100 Best Companies to Work For. Explore talent solutions, research and insights at roberthalf.com.
AI blind spots are increasing cybersecurity, operational and third‑party risk as adoption accelerates
, /PRNewswire/ -- As artificial intelligence becomes embedded across core business functions, many organizations still lack a clear understanding of how and where AI is being used across their enterprises. According to new research from global consulting firm Protiviti, nearly half (47%) of large organizations report they do not have full visibility into employee AI tool usage, creating growing challenges related to cybersecurity, governance and operational risk.
The findings come from the fourth Protiviti AI Pulse Survey, titled "No Visibility, No Confidence," which examines how C‑suite executives, board members and IT leaders are managing AI adoption, oversight and risk as usage expands across the enterprise and into third‑party platforms.
AI Adoption Is Outpacing Oversight and Governance
The survey reveals a widening gap between the pace of AI adoption and organizations' ability to govern it effectively:
47% of large organizations lack full visibility into AI tools used by employees. 65% report challenges with "shadow AI," where systems are deployed or used without proper oversight. Only four in 10 organizations have a formal AI governance framework in place. Even among large organizations, one in three lack a formal framework, underscoring that resources alone do not guarantee effective oversight. According to the survey, organizations that have a formal AI governance framework in place report:
Greater visibility into AI usage Higher confidence in managing AI-related risk Stronger recognition of AI-driven cyber and operational threats at the executive level "Organizations can't manage what they can't see," said Sameer Ansari, Global Lead, CISO Solutions at Protiviti. "As AI becomes more deeply embedded across the enterprise, leaders are often making decisions based on an incomplete picture. That lack of visibility makes it significantly harder to secure systems, enforce governance and build trust in AI-enabled outcomes."
Visibility Gaps Expose Organizations to Higher Cyber and Operational Risk
The research also highlights a disconnect between executive leadership and IT teams when it comes to assessing AI-related risk:
Close to half of IT leaders (45%) believe AI has increased cyber risk significantly, versus fewer than one in three (30%) executives and board members. IT teams, which are closer to day‑to‑day AI usage, are more likely to identify gaps that extend beyond internal systems to include vendor platforms, embedded AI tools and third‑party services. These blind spots can delay decision‑making, slow investment in controls and limit an organization's ability to respond quickly to emerging AI-driven threats.
As AI Scales, Visibility and Control Must Scale with It
As organizations move beyond early experimentation and their use of AI more significantly impacts customers, financial processes, and other critical elements of the business, the importance of scalable governance, accountability and continuous AI tool monitoring grows.
"As AI extends deeper into business processes and third‑party ecosystems, organizations need to revisit and strengthen controls," Ansari said. "Those that invest early in governance, transparency and accountability will be far better positioned to scale AI securely, respond to threats and sustain long‑term value."
Methodology
The Protiviti AI Pulse Survey was conducted in February 2026 and includes responses from approximately 345 C‑suite executives, board members and IT leaders across global organizations. The survey, the fourth in an ongoing series of surveys designed to assess the ever-evolving AI landscape, looks at how businesses are addressing AI-related cybersecurity, governance and resilience challenges.
Protiviti has also published an AI Governance FAQ guide. It provides practical, cross-functional perspectives on the governance of AI systems and data, while also addressing broader implications across compliance, cybersecurity, finance, people and culture, customer experience, operations, internal audit and board oversight.
About Protiviti
Protiviti (www.protiviti.com) is a global consulting firm that helps clients transform and protect their businesses, and respond to planned and unexpected events. Through a network of more than 90 offices in over 25 countries, Protiviti and its independent and locally owned member firms deliver deep expertise and tailored capabilities across technology, artificial intelligence, data, operations, finance, legal, compliance, HR, marketing, digital, risk, and internal audit – enabling organizations to accelerate innovation, navigate risks and safeguard what matters most.
Named to the Fortune 100 Best Companies to Work For® list since 2015, Protiviti Inc. has served more than 80 percent of Fortune 100 and nearly 80 percent of Fortune 500 companies. The firm also works with government agencies and smaller, growing companies, including those looking to go public. Protiviti Inc. is a wholly owned subsidiary of Robert Half (NYSE: RHI).
Only 12% say they have the talent they need to complete high-priority projects 54% say AI-generated applications has made hiring more difficult , /PRNewswire/ -- May is National Small Business Month, and new research from talent solutions and business consulting firm Robert Half shows many small business leaders are optimistic about the year ahead, even as hiring grows more complex amid widening skills gaps and evolving technology.
According to data from Robert Half, small companies are driving hiring demand in the U.S. A survey of more than 250 U.S. small business leaders (fewer than 100 employees) shows that 76% are confident about their company's hiring outlook for the year ahead. Yet 47% say finding skilled talent is more difficult than one year ago, and only 12% say they have the talent needed to complete high-priority projects.
AI adoption and skills gaps intensify hiring challenges
Over the next 2 years, 41% of small business leaders expect a net increase in jobs at their organizations amid the rise of AI. At the same time, more than half (56%) report significant skills gaps on their teams, and 58% say those gaps have increased over the past year.
"Widening skills gaps are making it harder for small businesses to successfully compete and grow," said Dawn Fay, operational president of Robert Half. "Organizations that adapt their hiring strategies, invest in upskilling and leverage specialized expertise are better positioned to compete in today's business landscape."
How have AI-generated candidate materials complicated hiring?
The rapid adoption of AI tools among job seekers is introducing new hiring challenges. More than half of small business leaders (54%) say AI-generated applications have made hiring more difficult, primarily due to an influx of homogeneous applications that are difficult to authenticate.
As a result, many small businesses are seeking support from external partners, and 56% are more likely to work with a staffing firm due to AI-related hiring challenges. Of those, 84% report that those partners have been effective in addressing these obstacles—particularly by validating candidate information and identifying specialized talent for critical roles.
"Many small businesses don't have the resources to manage the surge in applications that can be difficult to authenticate," Fay added. "While AI has made job searching more efficient, it has also increased the need for trusted human experts who can validate skills and deliver specialized candidates."
Small businesses drive hiring demand
Despite these challenges, small businesses remain a key source of job openings in the U.S. Robert Half data from Q1 2026 shows that among companies with fewer than 600 employees, the smallest organizations account for the largest share of job openings across 5 professional fields—led by legal (66%), administrative and customer support (64%) and marketing and creative (63%).
Robert Half's Staffing for Small Businesses offers additional insights for navigating today's hiring environment.
FAQ:
Why is AI making the hiring process longer for employers?
AI-generated resumes and increased applicant volume enabled by AI are creating more work for hiring managers. Hiring teams are spending more time verifying skills, assessing authenticity and evaluating applicants who end up not having the required skills.
Why are small businesses confident about hiring but still struggling to fill critical roles?
Many small business leaders remain optimistic about growth this year but only a small share has the specialized talent they need. Growing skills gaps may also contribute to their ability to hire critical roles and move key initiatives forward.
How are small businesses adapting to a tighter talent market and navigating AI-driven hiring challenges?
Many are adjusting their hiring strategies by investing in upskilling or partnering with external experts. Staffing firms can help streamline candidate evaluations, reduce hiring risk and verify skills.
Are AI-generated resumes always inaccurate or misleading?
Not all AI-generated applications are inaccurate or misleading. Many candidates use AI responsibly to improve clarity or grammar. The challenge for employers is the volume of unverified applications and the difficulty distinguishing authentic experience from AI-fabricated content.
About the research
The research is gathered from a survey developed by Robert Half and conducted by an independent research firm in November 2025. The survey contains responses from more than 250 small business leaders with 100 or fewer employees in the United States.
About Robert Half
Robert Half (NYSE: RHI) is the world's first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services. Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the past 12 months, Robert Half, including Protiviti, has been named one of the Fortune® Most Admired Companies™ and 100 Best Companies to Work For. Explore talent solutions, research and insights at roberthalf.com.
On May 13, 2026, Robert Half Inc (RHI) shares fell 4.5% to $24.90, continuing a downward trend that has seen the stock decline 43.7% over the past year. The sha
Combining Rajant's Kinetic Mesh® networking foundation with RHI's Cowbell platform and Latent AI's edge-native AI to deliver resilient intelligence in DDIL environments.
PRINCETON, N.J. & MALVERN, Pa.--(BUSINESS WIRE)--Defense and industrial operators face a persistent problem: AI that performs well in controlled demonstrations but fails to deliver reliable, real-time intelligence in denied, disrupted, intermittent, or limited (DDIL) environments. The result is delayed decisions, stranded assets, and lost operational advantage.
Latent AI today announced a strategic partnership with Rajant Health Incorporated (RHI), a majority-owned subsidiary of Rajant Corporation, that solves this challenge at fleet scale.
Rajant provides the core Kinetic Mesh® networking platform that keeps systems connected in motion. RHI extends that foundation with the Cowbell distributed edge platform, unifying resilient mesh networking, distributed compute, local data pipelines, and workload orchestration. Latent AI multiplies that capability with an edge-native platform that optimizes AI for target hardware and enables secure, over-the-air deployment, monitoring, and updates, even when cloud connectivity is unavailable.
Together, the three layers deliver mission-ready AI that operates reliably across heterogeneous hardware in the harshest environments, without requiring on-site engineering teams.
The combined solution enables organizations to:
Deploy and update AI models across distributed fleets with minimal reengineering Run real-time inference locally during fully disconnected or bandwidth-constrained operations Maintain continuous model lifecycle management without on-site AI expertise Adapt intelligence in real time as mission conditions change Latent AI has proven these capabilities in U.S. Army Project Linchpin (reducing deployment timelines from weeks to minutes) and U.S. Navy Project AMMO (33% faster model update cycles in connectivity-denied environments).
“AI at the edge is not just a model deployment problem; it is a lifecycle problem across hardware, data, connectivity, and operational constraints,” said Jags Kandasamy, CEO and co-founder of Latent AI. “RHI’s Cowbell gives AI a true operational foundation. Together, we’re enabling AI to deploy, adapt, and sustain itself at fleet scale, wherever the mission demands it.”
Robert J. Schena, CEO of RHI, added: “This partnership reflects a fundamental shift from infrastructure that connects systems to platforms that operationalize intelligence. With Cowbell, RHI provides the distributed execution layer, and Latent AI ensures intelligence can move, adapt, and scale across that fabric.”
This joint solution was announced and showcased recently at the Rajant 2026 Partner Summit in Wickenburg, Arizona.
About Latent AI Latent AI is the trusted edge AI company delivering mission-critical intelligence at the tactical edge. Our proven, edge-native solutions enable defense and industrial organizations to deploy, adapt, and sustain AI in denied and contested environments, interoperable across platforms, field-updatable in real time, and built for operators of every skill level. Trusted by the U.S. Department of Defense. Visit latentai.com.
About Rajant Health Incorporated RHI is a provider of integrated edge intelligence platforms combining resilient wireless mesh radios, distributed compute platforms, applications, and AI to enable real-time awareness and decision support in complex, dynamic, mission-critical environments. Visit rajanthealth.com.
Advancing “Flying Cowbell” as a mobility-native, distributed compute and autonomy fabric for multi-domain operations
MALVERN, Pa. & MELBOURNE, Fla.--(BUSINESS WIRE)--Rajant Health (RHI), a majority-owned subsidiary of Rajant Corporation that extends its Kinetic Mesh® networking platform with distributed edge compute and autonomy capabilities, and Chord Robotics, a pioneer in collaborative control and multi-platform orchestration, today announced an expanded partnership to advance the Cowbell platform with enhanced “Flying Cowbell” capabilities.
This collaboration integrates Cowbell’s distributed edge compute and transport-agnostic networking fabric with Chord Robotics’ TEMPO™ software. The result is scalable, real-time collaborative autonomy across highly mobile and connectivity-constrained environments, enabling one-to-many control of mixed fleets operating across air, land, and sea.
From Connectivity to Distributed Autonomous Execution
Cowbell is architected as a distributed edge platform where compute, storage, and applications operate directly across clusters of nodes spanning ground vehicles, maritime assets, and aerial systems. With “Flying Cowbell,” mobile nodes, UAS and USVs, become active participants in the compute and autonomy fabric rather than just network relays.
Key capabilities include:
Distributed workload execution across mobile edge nodes Dynamic cluster formation across air, land, and sea Transport-agnostic operation across heterogeneous radios Edge autonomy under intermittent or disconnected conditions Making Collaborative Autonomy Scalable
TEMPO enables intelligent one-to-many control of mixed fleets while maintaining fully distributed, edge-native autonomy.
Key TEMPO capabilities include:
Intelligent, multi-domain, one-to-many control of mixed unmanned systems across air, ground, and sea platforms Fully distributed autonomy where every vehicle understands the mission and makes independent decisions Platform-agnostic collaborative architecture that uses best-of-breed hardware, autonomy, and perceptual AI By combining TEMPO with Cowbell, the system gains the full benefit of Rajant’s InstaMesh® networking, allowing orchestration to scale seamlessly as fleets grow and networks shift, even without centralized infrastructure.
“Flying Cowbell” represents a fundamental shift from static infrastructure to mobility-native distributed systems, where aerial, maritime, and ground assets collectively form a unified compute, sensing, and autonomy fabric. This enables persistent coverage, dynamic mission adaptation, and rapid scaling from small teams to large autonomous fleets.
Executive Perspectives
“Built on Rajant’s Kinetic Mesh® networking platform, RHI’s Cowbell was designed as a distributed execution layer at the edge, not just a connectivity solution,” said Robert J. Schena, CEO of Rajant Health. “With ‘Flying Cowbell,’ we are extending that execution fabric across mobile systems, enabling applications, autonomy, and data to move with the mission rather than depend on fixed infrastructure.”
“By combining TEMPO with Rajant’s proven InstaMesh® scalable networking capabilities and their embedded Cowbell edge platform, we’re able to scale autonomous heterogeneous fleets across challenging, infrastructure-denied environments,” shares James Cooney, Chord Robotics CEO. “This partnership brings together the connectivity, compute, and collaborative autonomy needed to let a single operator orchestrate mixed fleets across all domains.”
About Rajant Health Incorporated (RHI)
RHI delivers integrated edge intelligence platforms combining resilient wireless mesh, distributed compute, applications, and AI for real-time awareness and decision support in complex, dynamic environments. Visit rajanthealth.com.
About Chord Robotics
Chord Robotics delivers TEMPO™, a collaborative control software platform enabling intelligent, multi-domain, large-scale orchestration of mixed fleet unmanned systems. Proven across multiple government and commercial programs, TEMPO provides one-to-many control of air, ground, and sea platforms, synchronizing unmanned tasks to execute complex, adaptive, and dynamic operations. Visit chordrobotics.com
Advancing “Flying Cowbell” as a mobility-native, distributed compute and autonomy fabric for multi-domain operations
MALVERN, Pa. & MELBOURNE, Fla.--(BUSINESS WIRE)--Rajant Health (RHI), a majority-owned subsidiary of Rajant Corporation that extends its Kinetic Mesh® networking platform with distributed edge compute and autonomy capabilities, and Chord Robotics, a pioneer in collaborative control and multi-platform orchestration, today announced an expanded partnership to advance the Cowbell platform with enhanced “Flying Cowbell” capabilities.
This collaboration integrates Cowbell’s distributed edge compute and transport-agnostic networking fabric with Chord Robotics’ TEMPO™ software. The result is scalable, real-time collaborative autonomy across highly mobile and connectivity-constrained environments, enabling one-to-many control of mixed fleets operating across air, land, and sea.
From Connectivity to Distributed Autonomous Execution
Cowbell is architected as a distributed edge platform where compute, storage, and applications operate directly across clusters of nodes spanning ground vehicles, maritime assets, and aerial systems. With “Flying Cowbell,” mobile nodes, UAS and USVs, become active participants in the compute and autonomy fabric rather than just network relays.
Key capabilities include:
Distributed workload execution across mobile edge nodes Dynamic cluster formation across air, land, and sea Transport-agnostic operation across heterogeneous radios Edge autonomy under intermittent or disconnected conditions Making Collaborative Autonomy Scalable
TEMPO enables intelligent one-to-many control of mixed fleets while maintaining fully distributed, edge-native autonomy.
Key TEMPO capabilities include:
Intelligent, multi-domain, one-to-many control of mixed unmanned systems across air, ground, and sea platforms Fully distributed autonomy where every vehicle understands the mission and makes independent decisions Platform-agnostic collaborative architecture that uses best-of-breed hardware, autonomy, and perceptual AI By combining TEMPO with Cowbell, the system gains the full benefit of Rajant’s InstaMesh® networking, allowing orchestration to scale seamlessly as fleets grow and networks shift, even without centralized infrastructure.
“Flying Cowbell” represents a fundamental shift from static infrastructure to mobility-native distributed systems, where aerial, maritime, and ground assets collectively form a unified compute, sensing, and autonomy fabric. This enables persistent coverage, dynamic mission adaptation, and rapid scaling from small teams to large autonomous fleets.
Executive Perspectives
“Built on Rajant’s Kinetic Mesh® networking platform, RHI’s Cowbell was designed as a distributed execution layer at the edge, not just a connectivity solution,” said Robert J. Schena, CEO of Rajant Health. “With ‘Flying Cowbell,’ we are extending that execution fabric across mobile systems, enabling applications, autonomy, and data to move with the mission rather than depend on fixed infrastructure.”
“By combining TEMPO with Rajant’s proven InstaMesh® scalable networking capabilities and their embedded Cowbell edge platform, we’re able to scale autonomous heterogeneous fleets across challenging, infrastructure-denied environments,” shares James Cooney, Chord Robotics CEO. “This partnership brings together the connectivity, compute, and collaborative autonomy needed to let a single operator orchestrate mixed fleets across all domains.”
About Rajant Health Incorporated (RHI)
RHI delivers integrated edge intelligence platforms combining resilient wireless mesh, distributed compute, applications, and AI for real-time awareness and decision support in complex, dynamic environments. Visit rajanthealth.com.
About Chord Robotics
Chord Robotics delivers TEMPO™, a collaborative control software platform enabling intelligent, multi-domain, large-scale orchestration of mixed fleet unmanned systems. Proven across multiple government and commercial programs, TEMPO provides one-to-many control of air, ground, and sea platforms, synchronizing unmanned tasks to execute complex, adaptive, and dynamic operations. Visit chordrobotics.com
On May 21, 2026, Robert Half Inc (RHI) shares rose 3.6% today, closing at $27.18. The stock has experienced a 52-week range of $21.83 to $46.69, reflecting sign
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- M. Keith Waddell, president and chief executive officer of global talent solutions and business consulting firm Robert Half Inc. (NYSE: RHI), will participate in a fireside chat at the Baird Global Consumer, Technology & Services Conference in New York City on Tuesday, June 2, 2026, at 3:10 p.m. ET. Mr. Waddell also will host investor meetings throughout the day.
Robert Half's investor presentation for the first quarter 2026 is available on the company's website at roberthalf.com/investor-center/events-and-presentations.
About Robert Half
Robert Half is the world's first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services. Robert Half is the parent company of Protiviti, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the past 12 months, Robert Half has been recognized as one of America's Most Innovative Companies by Fortune and, with Protiviti, has been named one of the Fortune® Most Admired Companies™ and 100 Best Companies to Work For. Explore our comprehensive solutions, research and insights at roberthalf.com.
Global consulting firm named one of the 25 Best Large Companies for its people-focused culture
, /PRNewswire/ -- Protiviti, a global consulting firm, has been named to the Fortune Best Workplaces in the Bay Area 2026™ list, earning recognition among the 25 Best Large Companies headquartered in the San Francisco Bay Area. This marks the eighth time Protiviti has been named to the list.
"We're proud to be recognized again in one of the most competitive talent markets in the country," said Scott Redfearn, EVP, global human resources, Protiviti. "This honor reflects what we work hard to build every day: a culture where our people are listened to, supported in their growth, and trusted to do great work. When our teams feel valued and included, they bring their best to our clients and our communities."
The Fortune Best Workplaces in the Bay Area list is based on more than 70,000 confidential survey responses from employees at Great Place to Work Certified™ companies, providing a comprehensive assessment of their workplace experience. Honorees were evaluated on their ability to deliver consistently positive outcomes for their people, regardless of role, tenure or position.
"Congratulations to the Fortune Best Workplaces in the Bay Area," said Michael C. Bush, CEO of Great Place To Work. "By focusing on people, these companies are more resilient and effective in a business environment that demands speed, innovation, and agility."
Named in 2026 to the Fortune 100 Best Companies to Work For® list for 12 years, Protiviti has also been named a Glassdoor Best Place to Work and one of Forbes America's Best Midsize Employers. Additionally, the company has been recognized by Business Insider and Forbes as a top management consulting firm.
To learn more about Protiviti's employee experience, visit Life at Protiviti.
About Protiviti
Protiviti (www.protiviti.com) is a global consulting firm that helps clients transform and protect their businesses, and respond to planned and unexpected events. Through a network of more than 90 offices in over 25 countries, Protiviti and its independent and locally owned member firms deliver deep expertise and tailored capabilities across technology, artificial intelligence, data, operations, finance, legal, compliance, HR, marketing, digital, risk, and internal audit — enabling organizations to accelerate innovation, navigate risks and safeguard what matters most.
Named to the Fortune 100 Best Companies to Work For® list since 2015, Protiviti Inc. has served more than 80 percent of Fortune 100 and nearly 80 percent of Fortune 500 companies. The firm also works with government agencies and smaller, growing companies, including those looking to go public. Protiviti Inc. is a wholly owned subsidiary of Robert Half (NYSE: RHI).
Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.
All trademarks are property of their respective owners.
New artificial intelligence solution improves questionnaire response efficiency, consistency, and compliance through human-in-the-loop oversight
, /PRNewswire/ -- Global consulting firm Protiviti has been awarded a second U.S. patent by the U.S. Patent and Trademark Office for its innovation, "Systems and Methods for Automated Data Set Matching Services."
The patented technology leverages artificial intelligence (AI) and machine learning to help organizations automate and streamline high-volume questionnaire response processes, including third-party risk assessments, security questionnaires, regulatory requests, and client due diligence.
The system uses machine learning to analyze, categorize and map large datasets of structured questions into relevant domains, then identifies similarities across new and historical questions to surface the most relevant preapproved responses.
Scalable use cases across industries
While initially developed for cybersecurity and third-party risk questionnaires, the AI-powered system can be applied broadly across:
Vendor and supplier risk management Regulatory and compliance reporting ESG and sustainability questionnaires Client onboarding and due diligence Internal audit and controls documentation Why it matters
Organizations across industries face growing pressure to respond quickly and accurately to large volumes of complex, repetitive questionnaires. Manual processes are time-intensive, inconsistent, and difficult to scale.
Protiviti's patented solution addresses this challenge by enabling teams to:
Automatically classify and organize questions using AI Match new questions to previously approved responses from a centralized answer library Reduce duplication and manual effort across teams Improve consistency, accuracy, and turnaround time Maintain compliance with built-in human review workflows Executive perspective
"This innovation addresses a common and costly challenge for organizations—responding to hundreds of similar questionnaires from customers, regulators, and partners," said Scott Laliberte, managing director at Protiviti and co-inventor of the patent.
"By applying AI to identify and deliver the most relevant responses quickly—while keeping humans in control—we help organizations increase efficiency, improve response quality, and reduce operational burden without sacrificing accuracy or compliance."
"We weren't trying to reinvent everything; we focused on combining new AI approaches with a better way to reuse existing knowledge," said Kalabe Haile, a Protiviti senior manager who played a key role in designing the patented technology. "That's what really unlocks scale and consistency."
Driving innovation through Protiviti's patent program
This patent reflects the continued momentum of Protiviti's Global Patent Program, launched in 2022 to accelerate innovation and develop practical solutions to real-world client challenges.
The program encourages employees to:
Identify common business pain points Experiment with AI and advanced technologies Collaborate across disciplines Transform ideas into patentable, client-ready solutions About Protiviti
Protiviti is a global consulting firm that helps clients transform and protect their businesses and respond to planned and unexpected events. Through a network of more than 90 offices in over 25 countries, Protiviti and its independent and locally owned member firms deliver deep expertise and tailored capabilities across technology, artificial intelligence, data, operations, finance, legal, compliance, HR, marketing, digital, risk, and internal audit—enabling organizations to accelerate innovation, navigate risks and safeguard what matters most.
Named to the Fortune 100 Best Companies to Work For® list since 2015, Protiviti Inc. has served more than 80 percent of Fortune 100 and nearly 80 percent of Fortune 500 companies. The firm also works with government agencies and smaller, growing companies, including those looking to go public. Protiviti Inc. is a wholly owned subsidiary of Robert Half (NYSE: RHI)
Hamilton Lane (HLNE - Free Report) shares soared 7.4% in the last trading session to close at $99.07. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.7% loss over the past four weeks.
As major banks release their first-quarter 2026 results, the outlook for the finance sector has been lifted with expectations of strong investment banking activity, trading revenues, and deal-making momentum. Moreover, with improving outlook for fee-related earnings and renewed optimism around private equity and credit activity, investors are now rotating into beaten-down alternative asset managers. These are probably the reasons why the HLNE stock gained in last day’s trading session.
This private-market investment firm is expected to post quarterly earnings of $1.40 per share in its upcoming report, which represents a year-over-year change of +15.7%. Revenues are expected to be $199.94 million, up 1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Hamilton Lane, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HLNE going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Hamilton Lane belongs to the Zacks Financial - Investment Management industry. Another stock from the same industry, GCM Grosvenor Inc. (GCMG - Free Report) , closed the last trading session 3.3% higher at $10.04. Over the past month, GCMG has returned -6.1%.
For GCM Grosvenor, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.19. This represents a change of +5.6% from what the company reported a year ago. GCM Grosvenor currently has a Zacks Rank of #2 (Buy).
Over 25 promotions and appointments to Managing Director and Principal reflect the firm's continued growth and expansion of its product offerings and client and investment teams , /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced senior promotions and new appointments across its Investment, Client Solutions, Portfolio Management, Legal, Finance and Operations Teams.
The firm recognized the promotions of the following individuals to Managing Director:
Anastasia Di Carlo, Client Solutions Brian Reilly, Taft-Hartley Emily Lozada, Investment Legal Jan Verstraete, Secondary Investments Kaylin Liu, Fund Accounting Nelda Chang, Direct Equity Investments Scott Thomas, Client Solutions William Bannard, Portfolio Management Group In addition, the firm promoted the following individuals to Principal:
Agnieszka Lor, Account Execution Charlotte Riley, Human Resources Da Eun Kim, Client Solutions Jeff Benson, Client Solutions Jeff Straus, Secondary Investments Jerome Kamm, Direct Equity Investments Kristen McCarthy, Digital Business Transformation Kyle McGinnis, Direct Equity Investments Lauren Williamson, Client Solutions Steve Caplan, Direct Equity Investments All promotions were effective as of April 1, 2026.
The firm also made a number of new appointments, including Christopher Alpaugh as Managing Director, Head of National Sales. Based in New York, his focus is on the development and execution of the firm's U.S. evergreen sales strategy, and he reports to Beth Nardi, Head of U.S. Private Wealth. In addition, Alexandre Hökfelt joined the firm as a Managing Director on the Direct Credit Investment team in London, where he oversees the firm's UK and European Direct Credit platform and leads investment sourcing and due diligence efforts. Hökfelt reports to Tom Kerr, Co-Head of Investments and Co-Head of Secondaries.
Since the start of 2026, the firm has made the following Principal appointments:
Ian Meyers, Head of Enterprise Relationships James Wu, Head of Data Integrity Joseph Montelione, Treasury Kenneth Lower, Fund Accounting Maria Sala, Multi-Strategy, Evergreen Product Specialist Sean Abbott, Portfolio Management Group Erik Hirsch, Co-CEO at Hamilton Lane, commented, "We are happy to recognize these well deserved promotions, which are a reflection of our strong culture, standout talent and the dedication of an exceptional group of leaders, as well as welcome this new group of senior professionals to Hamilton Lane."
Juan Delgado, Co-CEO at Hamilton Lane, added, "Our growing leadership bench correlates directly to our ability to continue raising the bar for our clients around the world, as we seek to deliver best in class service and support the evolving needs of more than 2,600 institutional and private wealth investors worldwide. Congratulations to everyone recognized."
The firm was recognized for a number of awards recently, including being named to Pensions & Investments' 'Best Places to Work in Money Management' list for the 14th consecutive year and winning several awards across Asia: 'Best Asian Private Markets Manager' by Asia Asset Management; 'Alternatives House of the Year' by Fund Selector Asia; and was named to Korea Economic Daily's Best Asset Managers list.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 780 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1.0 trillion in assets under management and supervision, composed of $146.1 billion in discretionary assets and $871.5 billion in non-discretionary assets, as of December 31, 2025. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow us on LinkedIn.
The Hamilton Lane Credit Income Fund is now available to institutional and private wealth investors via the interval fund structure The firm's Private Infrastructure Fund is now offered in an interval fund structure and is also available in a tokenized format through Republic's digital platform , /PRNewswire/ -- Hamilton Lane (Nasdaq: HLNE) today announced the launch of the Hamilton Lane Credit Income Fund ("HLCIF") and the conversion of the Hamilton Lane Private Infrastructure Fund ("HLPIF") to an interval fund structure.
Structured as interval funds, HLCIF and HLPIF are designed to offer institutional and private wealth investors in the U.S. access to private market strategies with investor‑friendly features, including 1099 tax reporting, quarterly limited liquidity, daily NAV pricing and investment minimums as low as $2,500 in certain share classes. Registered under the Investment Company Act of 1940, the interval funds aim to provide greater flexibility and accessibility to the asset class, while maintaining a conservative investment approach focused on risk management and volatility mitigation. Investors also benefit from quarterly repurchase offers, which seek to provide periodic liquidity without the extended lockups typically associated with closed‑end vehicles.
Beth Nardi, Head of U.S. Private Wealth at Hamilton Lane, commented, "These funds advance our ongoing commitment to expanding access to private markets and enhancing the investing experience, regardless of structure. Our aim is to meet advisors and their clients where they are by providing diversified, high‑quality exposure, greater transparency and streamlined access to private markets."
HLCIF
The firm's Credit Income Fund was declared effective by the SEC last month and has seen strong investor interest thus far, having already reached more than $350 million in commitments1.
HLCIF provides curated access to a diversified portfolio of middle‑market senior loans, sourced through Hamilton Lane's global multi‑manager platform rather than index‑based exposure. HLCIF is supported by the firm's 20+ years of direct credit investing experience and its extensive global GP network2.
HLPIF
Initially launched in October 2024, the Hamilton Lane Private Infrastructure Fund, which has been converted to an interval fund structure, will continue its existing infrastructure strategy focused on co‑investments and secondaries. Building on the firm's $90 billion platform3 and more than 25 years of experience in the infrastructure space, HLPIF seeks to capitalize on unique middle-market opportunities across the telecommunications, transportation, power & energy, environmental and renewables sectors.
In addition, as part of Hamilton Lane's ongoing effort to modernize access to private markets through technology, HLPIF is now also available in a tokenized format via Republic's digital investment platform.
Since launching its global evergreen platform in 2019, Hamilton Lane has built a suite of 12 funds representing nearly $18 billion in assets under management4.
1 Commitments are across strategic institutional and private wealth groups as well as the firm's balance sheet as of April 20, 2026
2Hamilton Lane has more than 400 active GP relationships within its private credit platform as of 1/31/26
3 Comprised of $7.6 billion in assets under management and $82.2 billion in assets under supervision as of 12/31/26
4Assets Under Management is calculated as the net asset value (NAV) as of February 28,2026 plus net subscriptions received for the March 2, 2026 trade date for all evergreen funds managed by Hamilton Lane.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 780 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1.0 trillion in assets under management and supervision, composed of $146.1 billion in discretionary assets and $871.5 billion in non-discretionary assets, as of December 31, 2025. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow us on LinkedIn.
Important Information
Private markets investments involve significant risks, including illiquidity and the absence of daily market pricing, which may contribute to performance differences versus public benchmarks.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. You should consider the Funds' investment objectives, risks, charges, and expenses carefully before investing. For a prospectus that contains this and other information about the Fund, call 1 (888) 882-8212. Please read the prospectus carefully before investing. Investing in the Fund involves risk including loss of principal.
Past performance does not guarantee future results, and investing in the Hamilton Lane Credit Income Fund and Hamilton Lane Private Infrastructure Fund (the "Funds") involve substantial risk, including the possible loss of principal, may not be suitable for all investors. Shares are speculative, illiquid, and not publicly traded, with limited repurchase opportunities and no expected secondary market. Redemptions may be made in kind and may include hard-to-sell securities. As non-diversified, closed-end interval funds, the Funds will conduct quarterly repurchase offers of at least 5% of outstanding shares, but only a limited portion will be eligible. The Funds should be viewed as a long-term investment suitable only for investors who can tolerate a high degree of risk and do not require liquidity.
HLCIF is newly formed and has no performance history. HLPIF has a limited operating history. The Funds' shares have no history of public trading. Results may be affected by market volatility, interest rate changes, leverage, and other economic factors. Distributions are not guaranteed and may be funded from sources such as borrowings or offering proceeds, which may constitute a return of capital. The Funds' success depends on the Adviser's ability to source suitable investments, including through private underlying vehicles ("Portfolio Funds"), which may involve illiquidity, valuation uncertainty, limited operating histories, unfunded commitments, and reduced transparency. The Funds may also invest in below-investment-grade securities, which carry higher default, valuation, liquidity, and volatility risks. Funds' shares are not government-insured and do not represent a complete investment program. Hamilton Lane Advisors, LLC is the Fund's investment advisor. Distribution Services, LLC serves as the Funds' Distributor and is not affiliated with any of the entities mentioned.
Forward-Looking Statements
Some of the statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as "will," "expect," "believe," "estimate," "continue," "anticipate," "intend," "plan" and similar expressions, or the negative version of these words or other comparable words, are intended to identify these forward-looking statements. Forward-looking statements discuss management's current expectations and projections relating to, among other things, our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different. For more information regarding the risks and uncertainties that Hamilton Lane faces, you should refer to the "Risk Factors" detailed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2025 and in our subsequent reports filed from time to time with the Securities and Exchange Commission (the "SEC"), which are accessible on the SEC's website at www.sec.gov. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.
, /PRNewswire/ -- Hamilton Lane Incorporated (Nasdaq: HLNE) is scheduled to release financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2026 before the market opens on Thursday, May 21, 2026. A copy of the earnings release and full detailed presentation will be available on the Hamilton Lane Shareholders website.
Hamilton Lane will host a conference call via webcast at 11:00 a.m. ET on May 21 to discuss the results for the fourth fiscal quarter and full fiscal year. For access to the live event via the webcast, visit Hamilton Lane's Shareholder's website by clicking here at least 15 minutes prior to the start of the call. This feature will be in listen-only mode.
A replay of the webcast will be available approximately two hours after the live broadcast for a period of one year, and can be accessed in the same manner as the live webcast on the Hamilton Lane Shareholders website.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 780 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1.0 trillion in assets under management and supervision, composed of $146.1 billion in discretionary assets and $871.5 billion in non-discretionary assets, as of December 31, 2025. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow Hamilton Lane on LinkedIn.
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Hamilton Lane (HLNE - Free Report) , which belongs to the Zacks Financial - Investment Management industry.
This private-market investment firm has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 31.84%.
For the last reported quarter, Hamilton Lane came out with earnings of $1.55 per share versus the Zacks Consensus Estimate of $1.28 per share, representing a surprise of 21.09%. For the previous quarter, the company was expected to post earnings of $1.08 per share and it actually produced earnings of $1.54 per share, delivering a surprise of 42.59%.
Price and EPS Surprise
For Hamilton Lane, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Hamilton Lane has an Earnings ESP of +0.35% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on May 21, 2026.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
SAN DIEGO, April 28, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Hamilton Lane Incorporated (NASDAQ: HLNE). The investigation focuses on Hamilton Lane’s executive officers and whether investor losses may be recovered under federal securities laws.
What if I purchased Hamilton Lane securities?
If you purchased Hamilton Lane securities and suffered losses on your investment, join our investigation now: Click here to join the investigation.
Or for more information, contact Jim Baker at [email protected] or (619) 814-4471. There is no cost or obligation to you.
Background of the investigation
On April 27, 2026, a report by Hunterbrook Media raised concerns regarding Hamilton Lane’s reported financial performance and underlying business metrics. Among other things, the report questioned the Company’s presentation of fee-related earnings (“FRE”), including the inclusion of performance-related revenues tied to unrealized gains and the exclusion of certain expenses, as well as the extent to which reported earnings growth reflected underlying economic performance.
The report also highlighted issues relating to fund flows and liquidity, including reported outflows in certain investment vehicles and the Company’s reliance on continued inflows and stable redemption activity. In addition, the report discussed valuation practices and the role of unrealized gains and transaction pricing in driving reported performance.
Following this disclosure, the price of Hamilton Lane’s stock declined approximately 6%, damaging investors.
In light of this disclosure, Johnson Fistel is investigating whether Hamilton Lane complied with the federal securities laws. If you suffered losses from your investment in Hamilton Lane stock, contact Johnson Fistel.
About Johnson Fistel, PLLP | Securities Fraud & Investor Rights
Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits and also assists foreign investors who purchased shares on U.S. exchanges. To learn more, visit www.johnsonfistel.com.
Achievements
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, /PRNewswire/ - Power Sustainable Energy Infrastructure ("PSEI"), the renewable energy infrastructure platform of Power Sustainable, today announced it completed the sale of a 49.9% interest in Big Sky Wind, a 240 MW operating wind facility located in Illinois, to funds managed by Hamilton Lane (Nasdaq: HLNE) and GCM Grosvenor, two leading global private markets investment firms. PSEI will retain a majority interest in the asset and continue to oversee its operations.
The transaction reflects PSEI's strategy of partnering with long-term institutional investors while actively recycling capital to fund new investments across its portfolio.
"We are pleased to partner with Hamilton Lane and GCM Grosvenor on Big Sky Wind," said Pierre-Olivier Perras, Managing Partner at PSEI. "This transaction highlights the quality of the asset and reflects our disciplined approach to active portfolio management and capital recycling, enabling us to reinvest in new opportunities and continue to scale our platform."
Taylor McManus, Principal, Infrastructure Investment Team at Hamilton Lane, said: "We are happy to be partnering with Power Sustainable, a proven investor and operator of renewable power generation across North America. This was a unique opportunity to invest in an operating wind asset with a strong contractual framework, an attractive risk return profile and favorable transaction dynamics."
"Big Sky Wind is a high-quality, repowered asset with a strong operating profile and exposure to a constructive U.S. power market," said Kevin Pellecchia, Executive Director, Infrastructure Investments at GCM Grosvenor. "Our investment reflects a focus on accessing established infrastructure assets alongside experienced sponsors, where we see the potential for durable cash flows and long-term value creation."
Big Sky Wind is an operating wind project with a strong performance track record, supported by high availability and stable cash flows. The asset, which was fully repowered in 2022, is located in the PJM market and is positioned to benefit from supportive market fundamentals.
This transaction underscores PSEI's ability to originate, scale, and optimize high-quality infrastructure assets, while maintaining a strong pipeline of investment opportunities across its core markets.
About Power Sustainable
Power Sustainable is a multi-platform alternative asset manager investing across the core sectors of the real economy as they undergo structural change. The firm allocates capital across energy, food, mobility, connectivity, and the built environment, investing selectively along their value chains through equity and credit strategies. Power Sustainable focuses on opportunities where transition, resilience, and resource efficiency are drivers of performance and risk. Power Sustainable is a subsidiary of Power Corporation of Canada (TSX: POW), an international management and holding company focused on financial services in North America, Europe, and Asia. Learn more on Power Sustainable's LinkedIn and Website.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 780 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1.0 trillion in assets under management and supervision, composed of $146.1 billion in discretionary assets and $871.5 billion in non-discretionary assets, as of December 31, 2025. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow us on LinkedIn.
About GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $91 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform.
GCM Grosvenor's experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com.
Wall Street expects a year-over-year increase in earnings on higher revenues when Hamilton Lane (HLNE - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis private-market investment firm is expected to post quarterly earnings of $1.44 per share in its upcoming report, which represents a year-over-year change of +19%.
Revenues are expected to be $200.95 million, up 1.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.02% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Hamilton Lane?For Hamilton Lane, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.35%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Hamilton Lane will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Hamilton Lane would post earnings of $1.28 per share when it actually produced earnings of $1.55, delivering a surprise of +21.09%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Hamilton Lane appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Investors in Hamilton Lane Incorporated (HLNE - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the May 15, 2026 $55.00 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 Hamilton Lane shares, but what is the fundamental picture for the company? Currently, Hamilton Lane is a Zacks Rank #3 (Hold) in the Financial - Investment Management industry that ranks in the Bottom 19% of our Zacks Industry Rank. Over the last 60 days, our Zacks Consensus Estimate for the current quarter has moved from $1.48 per share to $1.46 in that period.
Given the way analysts feel about Hamilton Lane 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.
In its upcoming report, Hamilton Lane (HLNE - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.44 per share, reflecting an increase of 19% compared to the same period last year. Revenues are forecasted to be $200.95 million, representing a year-over-year increase of 1.5%.
The consensus EPS estimate for the quarter has undergone a downward revision of 2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Hamilton Lane metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenues- Incentive fees' should arrive at $46.07 million. The estimate points to a change of -34.3% from the year-ago quarter.
Analysts' assessment points toward 'Revenues- Management and advisory fees- Customized separate accounts' reaching $36.25 million. The estimate indicates a change of +12.4% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Management and advisory fees' will likely reach $154.88 million. The estimate suggests a change of +21.2% year over year.
Analysts forecast 'Revenues- Management and advisory fees- Specialized funds' to reach $101.34 million. The estimate indicates a year-over-year change of +27.7%.
It is projected by analysts that the 'Fee Earning AUM - Customized Separate Accounts (CSA)' will reach $41.64 billion. The estimate compares to the year-ago value of $39.34 billion.
The consensus among analysts is that 'Fee Earning AUM - Total' will reach $81.17 billion. The estimate is in contrast to the year-ago figure of $72.05 billion.
Analysts predict that the 'Fee Earning AUM - Specialized Funds (SF)' will reach $39.54 billion. The estimate is in contrast to the year-ago figure of $32.70 billion.
According to the collective judgment of analysts, 'Total AUM & AUA' should come in at $1014.21 billion. The estimate is in contrast to the year-ago figure of $957.77 billion.
The consensus estimate for 'Assets Under Management (AUM)' stands at $144.88 billion. The estimate is in contrast to the year-ago figure of $138.30 billion.
The collective assessment of analysts points to an estimated 'Assets Under Advisement (AUA)' of $869.33 billion. Compared to the present estimate, the company reported $819.47 billion in the same quarter last year.
View all Key Company Metrics for Hamilton Lane here>>>
Hamilton Lane shares have witnessed a change of -20.3% in the past month, in contrast to the Zacks S&P 500 composite's +5.6% move. With a Zacks Rank #3 (Hold), HLNE is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
— Proven biopharmaceutical executive to lead commercial strategy as Cosette scales its branded pharmaceutical platform and advances its next phase of growth —
BRIDGEWATER, N.J.--(BUSINESS WIRE)--Cosette Pharmaceuticals, Inc., a U.S.-based, branded specialty pharmaceutical company, announced today it has appointed David Bell as Chief Commercial Officer (Brands). David joins the company’s executive leadership team as it continues to advance its ambitions in specialty pharmaceuticals and expand its commercial platform and portfolio.
David’s appointment reflects Cosette’s continued investment in the commercial capabilities required to support the next level of growth,” said Apurva Saraf, President and CEO of Cosette Pharmaceuticals.
Share In this new role, David will oversee all branded commercial functions – including sales, marketing, market access, commercial operations, analytics, and portfolio strategy. He will be responsible for driving performance across Cosette’s marketed portfolio of 21 brands, supporting the integration and growth of acquired assets, and ensuring strong alignment between commercial execution and the company’s broader strategic and financial objectives.
“David’s appointment reflects Cosette’s continued investment in the commercial capabilities required to support the next level of growth,” said Apurva Saraf, President and CEO of Cosette Pharmaceuticals. “His deep expertise in commercial strategy, market access, portfolio management, and P&L leadership will be valuable as we continue to strengthen our branded portfolio and integrate new assets.”
David brings more than 25 years of commercial and enterprise leadership experience across oncology, rare disease and gene therapy in specialty pharmaceuticals markets. Most recently, David served as Vice President, Business Unit Head, US Oncology at Ferring Pharmaceuticals, where he held full U.S. P&L ownership responsibility. He also previously served as Franchise General Manager at Melinta Therapeutics and spent 17 years at Merck & Co. / Schering-Plough in progressive global, U.S., and regional commercial leadership roles.
“I am proud to join Cosette, an organization that has built a differentiated platform with brands that help patients live better lives,” David shared. “I am excited to join a leadership team that will take Cosette’s branded portfolio to the next phase of corporate growth by maximizing current and acquired assets, expanding patient access to important medicines, and alleviating the burden and suffering of patients and their families.”
David earned his Master of Business Administration and Bachelor of Science in Finance from Seton Hall University’s W. Paul Stillman School of Business. He also served as a board member of Enhanced HealthCare Solutions.
About Cosette Pharmaceuticals
Cosette Pharmaceuticals, Inc. is a U.S.-based, leading specialty pharmaceutical company providing some of the most trusted and well-known brands in medicine — developing and delivering products that make a difference in patients’ lives. Cosette’s strong growth has been driven by its best-in-class marketing, promotion, and strategic distribution capabilities, enabling the company to scale efficiently while continuing to invest in high-quality, patient-centered therapies. Cosette has corporate headquarters in Bridgewater, New Jersey and is supported by 350+ dedicated team members across all functional areas. Cosette is backed by Avista Healthcare Partners, a healthcare focused private equity firm, and funds managed by Hamilton Lane, a private markets investment management firm (Nasdaq: HLNE). For more information, please visit www.cosettepharma.com or follow Cosette on LinkedIn.
On May 19, 2026, Hamilton Lane Inc (HLNE) shares fell 3.0%, closing at $84.11. The stock has been under pressure, trading within a 52-week range of $84.05 to $1
, /PRNewswire/ -- Leading private markets asset management firm Hamilton Lane Incorporated (Nasdaq: HLNE) today reported its results for the fourth quarter and full fiscal year ended March 31, 2026.
The Company issued a full detailed presentation of its fourth quarter and full fiscal year 2026 results, which can be accessed on the Company's Shareholders website at https://shareholders.hamiltonlane.com/.
Dividend
Hamilton Lane has declared a quarterly dividend of $0.60 per share of Class A common stock to record holders at the close of business on June 18, 2026 that will be paid on July 7, 2026. The target full-year dividend of $2.40 represents a 11% increase from the prior fiscal year dividend.
Stock Repurchase Plan
Hamilton Lane announced today that its board of directors approved an increase in the authorization under the Company's existing stock repurchase program to $100 million of its Class A common stock, net of amounts already repurchased under the prior authorization, with no share count or duration limitations.
Conference Call
Hamilton Lane will discuss fourth quarter and full fiscal year 2026 results in a webcast and conference call today, Thursday, May 21, 2026, at 11:00 a.m. Eastern Time.
For access to the live event via the webcast, visit Hamilton Lane's Shareholders website (https://shareholders.hamiltonlane.com/) at least 15 minutes prior to the start of the call. This feature will be in listen-only mode.
A replay of the webcast will be available approximately two hours after the live broadcast for a period of one year and can be accessed in the same manner as the live webcast at the Shareholders page of Hamilton Lane's website.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 785 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1 trillion in assets under management and supervision, composed of $141.8 billion in discretionary assets and $905.3 billion in non-discretionary assets, as of March 31, 2026. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit http://www.hamiltonlane.comor follow Hamilton Lane on LinkedIn: https://www.linkedin.com/company/hamilton-lane/.
Forward-Looking Statements
Some of the statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as "will," "expect," "believe," "estimate," "continue," "anticipate," "intend," "plan" and similar expressions, or the negative version of these words or other comparable words, are intended to identify these forward-looking statements. Forward-looking statements discuss management's current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different, including, risks relating to: the historical performance of our investments may not be indicative of future results or future returns on our Class A common stock; our ability to identify suitable investment opportunities for our clients; the impact of any poorly performing investments on our investment management revenue and earnings as well as our ability to raise capital; intense competition in our industry, including competition for access to investments and for customized separate account and advisory clients; customized separate account and advisory account fee revenue not being a long-term contracted source of revenue; our ability to appropriately deal with conflicts of interest; our ability to retain our senior management team and attract additional qualified investment professionals; our ability to expand our business and formulate new business strategies; the impact of declines in the pace or size of fundraising or investments made by us on behalf of our specialized funds or customized separate accounts; our ability to manage our obligations under our debt agreements and the dependence on leverage by certain funds, customized separate accounts and portfolio companies; our ability to comply with the investment guidelines set by our clients; the impact of misconduct by our employees, advisors or third-party service providers; the unpredictable and sporadic timing at which we receive carried interest distributions; the exercise of redemption or repurchase rights by investors in certain of our funds; the subjectivity of valuation methodologies; our investments may be in relatively high-risk, illiquid assets; extensive government regulation, compliance failures and changes in law or regulation could adversely affect us; our ability to maintain our desired fee structure; failure to maintain the security of our information technology networks, or those of our third-party service providers, or data security breaches; volatile market, economic and geopolitical conditions or catastrophic events, which can adversely affect our fundraising, our business and the investments made by our funds or accounts; and our only material asset is our interest in Hamilton Lane Advisors, L.L.C., and we are accordingly dependent upon distributions from such entity to pay dividends, taxes and other expenses.
The foregoing list of factors is not exhaustive and should be read in conjunction with the other cautionary statements that are included in our filings with the Securities and Exchange Commission. For more information regarding these risks and uncertainties as well as additional risks we face, you should refer to the "Risk Factors" detailed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2025 and in our subsequent reports filed from time to time with the Securities and Exchange Commission, including our upcoming Annual Report on Form 10-K for fiscal 2026. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.
Hamilton Lane (HLNE - Free Report) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.20%. A quarter ago, it was expected that this private-market investment firm would post earnings of $1.28 per share when it actually produced earnings of $1.55, delivering a surprise of +21.09%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Hamilton Lane, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $193.57 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 3.56%. This compares to year-ago revenues of $197.97 million. The company has topped consensus revenue estimates three 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.
Hamilton Lane shares have lost about 36.6% since the beginning of the year versus the S&P 500's gain of 8.6%.
What's Next for Hamilton Lane?While Hamilton Lane 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 Hamilton Lane was mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with 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 $1.39 on $210.95 million in revenues for the coming quarter and $6.39 on $914.23 million 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, Financial - Investment Management is currently in the bottom 16% 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.
One other stock from the same industry, Sound Point Meridian Capital, Inc. (SPMC - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 27.
This company is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of -37.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Sound Point Meridian Capital, Inc.'s revenues are expected to be $17.2 million, down 24.1% from the year-ago quarter.
For the quarter ended March 2026, Hamilton Lane (HLNE - Free Report) reported revenue of $193.57 million, down 2.2% over the same period last year. EPS came in at $1.49, compared to $1.21 in the year-ago quarter.
The reported revenue represents a surprise of -3.56% over the Zacks Consensus Estimate of $200.7 million. With the consensus EPS estimate being $1.43, the EPS surprise was +4.2%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hamilton Lane performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Fee Earning AUM - Customized Separate Accounts (CSA): $40.94 billion compared to the $41.64 billion average estimate based on three analysts.Fee Earning AUM - Total: $81.51 billion versus $81.07 billion estimated by three analysts on average.Fee Earning AUM - Specialized Funds (SF): $40.57 billion compared to the $39.44 billion average estimate based on three analysts.Total AUM & AUA: $1047.15 billion versus $1014.21 billion estimated by two analysts on average.Assets Under Management (AUM): $141.83 billion compared to the $144.88 billion average estimate based on two analysts.Assets Under Advisement (AUA): $905.32 billion versus the two-analyst average estimate of $869.33 billion.Revenues- Incentive fees: $38.39 million versus the three-analyst average estimate of $46.07 million. The reported number represents a year-over-year change of -45.3%.Revenues- Management and advisory fees- Customized separate accounts: $35.08 million versus $36.25 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.7% change.Revenues- Management and advisory fees: $155.22 million compared to the $154.63 million average estimate based on three analysts. The reported number represents a change of +21.4% year over year.Revenues- Management and advisory fees- Specialized funds: $103.27 million versus $101.09 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +30.2% change.Revenues- Management and advisory fees- Fund reimbursement revenue: $2.43 million versus $1.5 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +20.2% change.Revenues- Management and advisory fees- Distribution management: $0.29 million compared to the $1.4 million average estimate based on two analysts. The reported number represents a change of -59% year over year.View all Key Company Metrics for Hamilton Lane here>>>
Shares of Hamilton Lane have returned -19.7% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
