KBR Reports Q2 2026 Earnings and Provides Business Update
KBR (NYSE: KBR) reported second-quarter earnings for fiscal year 2026, with revenue reaching $2 billion—a 2% increase from the prior year. This growth was driven by a ramp-up in recently awarded projects across both of its segments. Adjusted EBITDA rose to $258 million and adjusted EPS reached $0.99 due to improved operating performance and share repurchases. The Sustainable Technology Solutions (STS) segment saw revenue grow 10% year-over-year, reaching $676 million, with a record backlog of $5.5 billion providing strong visibility into future earnings. Meanwhile, the Mission Tech segment reported lower revenue compared to last year due to reduced contingency activity from EUCOM in 2025 but maintained an adjusted EBITDA margin expansion. KBR reaffirmed its full-year guidance and outlined plans for a strategic separation of its Mission Tech division into Trinzic by January 4, 2027. The company also highlighted strong bid volumes expected to reach $25 billion in 2026—a significant increase from the previous year—and noted capital deployment activities including portfolio strengthening and shareholder returns.
Tickers: $KBR
Topics: adjusted_ebitda backlog cash_flow revenue