The raised full-year guidance (10%-11% revenue growth vs prior high-single digits) is the key positive signal, indicating management sees sustained demand momentum. Monitor Q4 conference call for commentary on utilization trends (77% in Q3) and headcount growth trajectory, as these drive margin expansion.
Price Chart
Executive Summary
Exponent reported Q3 2026 revenue of $173.7M (up 18% YoY) and GAAP diluted EPS of $0.64 (up from $0.55), both above consensus estimates of $153.4M and $0.62. The company raised its full-year guidance for revenue growth to 10%-11% (from prior high-single digits) and EBITDA margin to 28.0%-28.3%, reflecting strong year-to-date performance and demand across engineering and scientific segments.
Key Financial Metrics
Key Facts
- Q3 2026 total revenues increased 18% YoY to $173.7M from $147.1M
- Revenues before reimbursements increased 12% YoY to $153.1M from $137.1M
- GAAP diluted EPS of $0.64 vs $0.55 in prior year quarter
- Net income of $30.9M vs $28.0M in prior year quarter
- EBITDA of $45.0M (29.4% of net revenues) vs $38.8M (28.3%) in prior year quarter
- Full-year 2026 guidance raised: revenue growth 10%-11% (from high-single digits), EBITDA margin 28.0%-28.3%
- Q4 2026 guidance: revenue growth 8%-10%, EBITDA margin 26.3%-26.8%
- Engineering and other scientific segment (85% of revenues) grew 13% in Q3
- Environmental and health segment (15% of revenues) grew 3% in Q3
- Quarterly dividend of $0.31 declared, consistent with prior quarters
- Year-to-date through Q3: $146.1M in stock repurchases, $46.1M in dividends paid
- Cash and cash equivalents of $114.7M at quarter end
Financial Impact
Revenue beat consensus by $20.3M (13.2%), EPS beat consensus by $0.02 (3.2%), full-year guidance raised
Segment Breakdown
| Segment | Growth |
|---|---|
| Engineering and Other Scientific | +13.0% |
| Environmental and Health | +3.0% |
Risk Factors
- Reimbursement revenue grew disproportionately (106% YoY) vs core revenue growth of 12%, which can compress margins
- Interest income declined to $0.7M from $2.3M due to lower cash balances from buybacks and dividends
- Environmental and health segment growth remains modest at 3%, limiting diversification benefits
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-006972 |
| Exhibit: exh_992.htm | 0001171843-26-006972 |
| Document: f8k_102926.htm | 0001171843-26-006972 |
| Document: 0001171843-26-006972-index-headers.html | 0001171843-26-006972 |
| Document: 0001171843-26-006972-index.html | 0001171843-26-006972 |
| Document: 0001171843-26-006972.txt | 0001171843-26-006972 |
| 8-K Data (Synthetic) | 0001171843-26-006972 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | $78.31 | awaiting T+1 | awaiting T+1 | $80.26 (+2.49%) |
Oct 29, 2026 3d ago | Press Release | No price | awaiting T+1 | awaiting T+1 | No price |
Oct 29, 2026 3d ago | Institutional Cluster | $78.31 $80.26 | ▼ −2.49% | ▼ −4.26% | $80.26 (−2.49%) |
Jul 9, 2026 16w ago | Press Release | $62.10 $63.59 | ▲ +2.40% | ▲ +3.17% | $80.26 (+29.24%) |
May 27, 2026 22w ago | Insider Cluster | $57.08 $58.42 | ▲ +2.35% | ▲ +1.80% | $80.26 (+40.61%) |
May 19, 2026 23w ago | Insider Cluster | $56.99 $58.23 | ▲ +2.18% | ▲ +1.14% | $80.26 (+40.83%) |
May 15, 2026 24w ago | Insider Cluster | $57.05 $56.69 | ▼ −0.63% | ▲ +0.02% | $80.26 (+40.68%) |
May 13, 2026 24w ago | Insider Cluster | $54.54 $53.67 | ▼ −1.60% | ▼ −2.37% | $80.26 (+47.16%) |
Apr 30, 2026 26w ago | 8-K | No price | awaiting T+1 | awaiting T+1 | No price |
Apr 30, 2026 26w ago | Press Release | $65.28 $64.96 | ▼ −0.49% | ▼ −0.15% | $80.26 (+22.95%) |
US Market Status
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