Aramark's Q2 beat on strong top-line momentum and margin expansion, with raised organic revenue guidance and a new hyperscale AI data center contract that could become the company's largest client. The calendar shift tailwind fades in H2, but record new business wins and >98% retention support continued momentum. Watch for updates on the Aramark Nexus ramp and margin profile in subsequent quarters.
Price Chart
Executive Summary
Aramark reported Q2 fiscal 2026 results with revenue of $4.907B (+15% YoY) and GAAP diluted EPS of $0.38 (+65% YoY), while adjusted EPS (constant currency) was $0.48 (+40% YoY). The company updated its fiscal 2026 organic revenue growth outlook to the high end of the previously stated +7% to +9% range, reaffirmed AOI growth of +12% to +17% and adjusted EPS growth of +20% to +25%, and announced entry into the hyperscale AI data center market via Aramark Nexus.
Key Financial Metrics
Key Facts
- Q2 FY2026 revenue of $4.907B, +15% YoY (organic +12%)
- GAAP diluted EPS of $0.38, +65% YoY; adjusted EPS (constant currency) of $0.48, +40% YoY
- Operating income of $220M, +26% YoY; adjusted operating income (constant currency) of $253M, +24% YoY
- Net cash from operations of $400M in Q2, +56% YoY; free cash flow of $305M, +116% YoY
- Fiscal 2026 organic revenue growth outlook raised to high end of +7% to +9% range
- Record new business wins of $1B YTD; client retention rate exceeding 98%
- Launched Aramark Nexus for hyperscale AI data center market; multi-year agreement with top global hyperscaler underway
- Repurchased ~$25M of stock in Q2; ~$194M aggregate repurchases since program inception
- Calendar shift from 53rd week in fiscal 2025 benefited Q2 revenue growth by ~3% and AOI growth by ~12%
Financial Impact
Revenue $4.907B, GAAP diluted EPS $0.38, adjusted EPS (constant currency) $0.48, operating cash flow $400M, free cash flow $305M
Risk Factors
- Calendar shift benefit of ~3% to revenue and ~12% to AOI growth in Q2 will not repeat in H2
- Hyperscale AI data center contract not yet reflected in FY2026 outlook; scaling and margin execution uncertain
- Leverage ratio of 3.6x remains elevated, though expected to decline below 3.0x by year-end
- Potential impact of tariffs and geopolitical tensions on supply chain and client spending
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001584509-26-000085 |
| Document: cik0-20260512.htm | 0001584509-26-000085 |
| Document: 0001584509-26-000085-index-headers.html | 0001584509-26-000085 |
| Document: 0001584509-26-000085-index.html | 0001584509-26-000085 |
| Document: 0001584509-26-000085.txt | 0001584509-26-000085 |
| 8-K Data (Synthetic) | 0001584509-26-000085 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 25, 2026 5w ago | Institutional Cluster | $59.08 $55.77 | ▼ −5.60% | ▼ −6.58% | $55.55 (−5.97%) |
Aug 11, 2026 7w ago | 8-K | $60.47 $56.65 | ▼ −6.31% | ▼ −5.25% | $55.55 (−8.14%) |
May 12, 2026 20w ago | 8-K | $48.27 $53.30 | ▲ +10.41% | ▲ +12.14% | $55.55 (+15.07%) |
May 11, 2026 20w ago | Court Ruling | $44.56 $53.77 | ▲ +20.67% | ▲ +20.97% | $55.55 (+24.66%) |
Mar 23, 2026 27w ago | Court Ruling | $40.29 $45.27 | ▲ +12.36% | ▲ +4.93% | $55.55 (+37.88%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access