Tetra Tech Lifts 2026 Outlook After Strong Q2 Results
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Tetra Tech ( (TTEK) ) has shared an announcement.
On April 29, 2026, Tetra Tech reported strong results for its second quarter ended March 29, 2026, with revenue of $1.22 billion, net revenue of $1.05 billion, operating income of $132 million, EBITDA of $146 million, EPS of $0.36, and an 8% sequential increase in backlog to $4.28 billion. Management cited broad-based growth across water, environment, and sustainable infrastructure markets, robust U.S. federal defense demand, and international front-end consulting work, supported by substantial new contracts with U.S. defense agencies, European water authorities, and major ports.
The company generated $165 million in operating cash flow in the quarter and $688 million over the trailing 12 months, enabling $50 million of share repurchases in the second quarter, significant debt reduction, and funding for acquisitions. On April 27, 2026, the board approved a quarterly dividend of $0.072 per share, an 11% year-over-year increase and the 44th consecutive double-digit raise, and Tetra Tech raised its fiscal 2026 guidance for net revenue to $4.25–$4.40 billion and adjusted EPS to $1.50–$1.58, underscoring confidence in its growth trajectory and shareholder return strategy.
The most recent analyst rating on (TTEK) stock is a Buy with a $48.00 price target. To see the full list of analyst forecasts on Tetra Tech stock, see the TTEK Stock Forecast page.
Spark’s Take on TTEK Stock
According to Spark, TipRanks’ AI Analyst, TTEK is a Outperform.
The score is primarily driven by strong financial performance and a constructive earnings outlook with raised guidance and improving margins/cash flow. This is partially offset by weak technicals (price below major moving averages and negative MACD) and only moderate valuation support (P/E ~21 and low dividend yield).
To see Spark’s full report on TTEK stock, click here.
More about Tetra Tech
Tetra Tech, Inc., based in Pasadena, California, is a leading provider of high-end consulting and engineering services focused on water, environmental, and sustainable infrastructure markets. The company serves U.S. federal defense and civil agencies, international water and infrastructure clients, and utilities, offering technical consulting, engineering, and specialized SaaS solutions such as its WaterNet water network management platform.
Average Trading Volume: 3,068,138
Technical Sentiment Signal: Sell
Current Market Cap: $8.23B
For a thorough assessment of TTEK stock, go to TipRanks’ Stock Analysis page.
