Filing Flows › Tetra Tech (TTEK) › Q1 FY26
Tetra Tech (TTEK) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 30, 2026
Tetra Tech (TTEK) reported revenue of $1.2B for the first quarter fiscal 2026 (Q1 FY26), -15% from a year earlier and -9% from the quarter before. Operating margin was 11.6%, net earnings $105M (8.7% of revenue).
Tetra Tech, Q1 FY26: revenue $1.2B (-15% year over year), operating margin 11.6%, net earnings $105M, operating cash flow $72.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -9% | -15% |
| Gross profit | $220M | -20% | -0.5% |
| Operating profit | $141M | -22% | +526% |
| Net earnings | $105M | -18% | 135× |
| Operating cash flow | $72.3M | -28% | +453% |
| Free cash flow | $68.1M | -29% | +607% |
What changed
Revenue was $1.2B in Q1 FY26, down 15% year over year and down 9% from the previous quarter.
Gross margin was 18.2%, up 2.6 points from a year earlier. Operating profit was $0.14B, a 11.6% margin (up 10.1 points year over year). Operating expenses fell 60% while revenue fell 15%. Net earnings were $0.11B, up 13960% year over year. The effective tax rate was 25.7%.
Operating cash flow was $0.07B (up 453% year over year), 69% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.06B. Capital expenditures of $4.2M left free cash flow of $0.07B.
Questions
What was Tetra Tech's revenue in the first quarter fiscal 2026?
Tetra Tech (TTEK) reported revenue of $1.2B for the first quarter fiscal 2026 (Q1 FY26), -15% from a year earlier and -9% from the quarter before.
Was Tetra Tech profitable in the first quarter fiscal 2026?
Operating profit was $141M (11.6% of revenue) and net earnings $105M.
Source: Tetra Tech 10-Q on SEC EDGAR.