Filing Flows › Amentum Holdings (AMTM) › Q2 FY26 › vs Q2 FY25
Amentum Holdings (AMTM) Q2 FY26 vs Q2 FY25 (year over year)
Amentum Holdings's revenue fell $13.0M (-0.4%) from $3.5B in Q2 FY25 to $3.5B in Q2 FY26. The biggest changes: GES −$141M (-7%); DS +$128M (+10%). Operating margin 4.3% against 3.2% (+1.2 pts).
Amentum Holdings, Q2 FY26: revenue $3.5B (-0.4% year over year), operating margin 4.3%, net earnings $54.0M, operating cash flow $225M. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Operating margin | 4.3% | 3.2% | +1.2 pts |
| Net margin | 1.6% | 0.1% | +1.5 pts |
| Free cash flow margin | 6.3% | 1.5% | +4.8 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| GES | $2.0B | $2.2B | −$141M | -7% |
| DS | $1.5B | $1.3B | $128M | +10% |
| Revenue | $3.5B | $3.5B | −$13.0M | -0.4% |
| Operating profit | $151M | $110M | $41.0M | +37% |
| Costs & expenses | $3.3B | $3.4B | −$54.0M | -2% |
| Pre-tax earnings | $78.0M | $24.0M | $54.0M | +225% |
| Other expense, net | $73.0M | $86.0M | −$13.0M | -15% |
| Cost of revenue | $3.1B | $3.1B | $9.0M | +0.3% |
| SG&A | $124M | $145M | −$21.0M | -14% |
| Other operating costs | $70.0M | $112M | −$42.0M | -38% |
| Net earnings | $54.0M | $2.0M | $52.0M | 27× |
| Income tax | $24.0M | $22.0M | $2.0M | +9% |
| Depreciation & amortization | $100M | $129M | −$29.0M | -22% |
| Share-based compensation | $8.0M | $5.0M | $3.0M | +60% |
| Working capital & other | $63.0M | −$79.0M | $142M | — |
| Operating cash flow | $225M | $57.0M | $168M | +295% |
| Free cash flow (OCF − capex) | $220M | $53.0M | $167M | +315% |
| Capital expenditures | $5.0M | $4.0M | $1.0M | +25% |
Questions
How much did Amentum Holdings's revenue grow year over year in Q2 FY26?
Amentum Holdings's revenue fell $13.0M (-0.4%) from $3.5B in Q2 FY25 to $3.5B in Q2 FY26.
What drove Amentum Holdings's revenue change in Q2 FY26?
GES −$141M (-7%); DS +$128M (+10%).