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AI brief of an SEC Form 8-K · Maximus (MMS)

Maximus raises FY2026 adjusted EPS guidance to $8.05-$8.35 as Q1 revenue falls 4.1%

Mixed Impact 4 of 5 earnings Written later

Maximus reported fiscal first-quarter 2026 revenue of $1.35 billion, down 4.1% from $1.40 billion a year earlier, while diluted EPS rose to $1.70 from $0.69. The company raised its full-year adjusted diluted EPS guidance to $8.05 to $8.35 and narrowed revenue guidance to $5.2 billion to $5.35 billion, but cash used in operating activities was $244 million in the quarter and debt-to-EBITDA rose to 1.8x from 1.5x.

Key points

  • Q1 revenue was $1.35 billion versus $1.40 billion; diluted EPS was $1.70 versus $0.69, and adjusted diluted EPS was $1.85 versus $1.61.
  • FY2026 adjusted diluted EPS guidance is $8.05 to $8.35, up $0.10 at the low end and high end; revenue guidance is $5.2 billion to $5.35 billion.
  • Free cash flow was an outflow of $251 million in the quarter; DSO was 78 days at December 31, 2025, versus 62 days at September 30, 2025.
  • Quarterly dividend of $0.33 per share is payable March 2, 2026, to shareholders of record on February 13, 2026.

The filing

CompanyMaximus (MMS)
Form8-K, current report
Filed with the SECFeb 5, 2026, 7:17 AM ET
Accession number0001032220-26-000012

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 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 February 05, 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.