FTI Consulting Reports Q2 2026 Earnings with Record Revenue but Missed Bottom-Line Expectations
FTI Consulting reported record revenues in its second quarter of 2026, driven by strong demand in traditional high-stakes markets such as bankruptcy and antitrust. However, the company missed bottom-line expectations due to timing gaps in the U.K. market and geopolitical disruptions affecting operations in the Middle East. Management attributed the U.K.'s performance shortfall to a temporary 'air pocket' caused by the conclusion of major cases during the European summer vacation period. In contrast, challenges in the Middle East are seen as more persistent due to client purchase suspensions linked to ongoing instability. Despite these issues, FTI remains focused on aggressive talent acquisition and is leveraging AI advancements for new growth opportunities. The firm reaffirmed its full-year revenue guidance of $3.94 billion to $4.1 billion but lowered GAAP EPS expectations to between $8.70 and $9.30 due to litigation-related expenses. FTI also plans a significant reduction in SG&A costs for the second half, supported by an upsized revolving credit facility.
Tickers: $FCN
Topics: ai_integration geopolitical_impact revenue_growth strategic_acquisition