Fluor Q2 revenue rises 9% to $4.3 billion, but cuts 2026 adjusted EBITDA guidance
Fluor reported second-quarter 2026 revenue of $4.3 billion, up 9% from a year earlier, and adjusted EPS of $0.91 versus $0.43. The company narrowed its 2026 adjusted EBITDA guidance to $500 million to $525 million from $525 million to $560 million, citing the removal of expected second-half contribution from its Mexico joint venture, and GAAP net earnings fell sharply from the prior year, which included a large equity method gain tied to the NuScale monetization.
Key points
- Q2 2026 revenue was $4.3 billion versus $4.0 billion a year earlier; GAAP EPS was $0.81 versus $14.81, and adjusted EPS was $0.91 versus $0.43.
- 2026 adjusted EBITDA guidance was narrowed to $500 million to $525 million, down from $525 million to $560 million.
- New awards were $6.1 billion versus $1.8 billion a year earlier, while ending backlog was $26.9 billion versus $28.2 billion.
- Operating cash flow for the quarter was ($317) million, including a $357 million tax payment related to the NuScale monetization; the company repurchased $300 million of stock in the quarter and still targets $1.4 billion in repurchases for
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.