The raised adjusted EPS guidance and cost savings plan are positive, but the GAAP EPS miss and special charges create near-term uncertainty. Monitor Q4 2026 for realization of cost savings and any further guidance updates.
Price Chart
Executive Summary
FTI Consulting reported Q3 2026 revenue of $1.013B, up 6% YoY and above the $1.01B consensus, but GAAP EPS of $2.35 missed the $2.74 consensus due to a $46M special charge. Adjusted EPS of $3.84 beat the prior year's $2.60 and the company raised its full-year adjusted EPS guidance to $9.50-$10.00, while reaffirming revenue guidance and lowering GAAP EPS guidance.
Key Financial Metrics
Key Facts
- Q3 2026 revenue of $1.013B, up 5.9% YoY from $956.2M, above consensus of $1.01B.
- GAAP EPS of $2.35, down 9.6% from $2.60 YoY, missed consensus of $2.74.
- Adjusted EPS of $3.84, up 47.7% from $2.60 YoY.
- Recorded a $46.0M special charge for staffing alignment, reducing EPS by $1.36.
- Full-year 2026 adjusted EPS guidance raised to $9.50-$10.00 from $9.10-$9.70; GAAP EPS guidance lowered to $7.55-$8.05 from $8.70-$9.30.
- Revenue guidance reaffirmed at $3.940B-$4.100B.
- Adjusted EBITDA of $153.7M (15.2% margin) vs $130.6M (13.7%) YoY.
- Net cash from operations $190.4M vs $201.9M YoY.
- Repurchased 523,588 shares at avg $151.55 for $79.4M during the quarter.
- Expects ~$80M in annualized cost savings from staffing actions; additional $7M special charge in Q4 2026.
Financial Impact
Revenue beat consensus by ~$3M; GAAP EPS missed by $0.39; adjusted EPS guidance raised by $0.40 at midpoint; special charges total ~$53M for FY2026.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Corporate Finance | $424.4M | +4.8% |
| Forensic and Litigation Consulting | $195.1M | +0.2% |
| Economic Consulting | $189.3M | +9.3% |
| Technology | $103.2M | +9.7% |
| Strategic Communications | $100.6M | +12.5% |
Risk Factors
- GAAP EPS decline due to special charges may concern investors focused on reported earnings.
- Forensic & Litigation Consulting segment revenue was nearly flat and segment operating income fell sharply.
- Cash and cash equivalents declined to $88.1M from $163.7M at June 30, 2026.
- Document contains text addressed to automated readers.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3391147 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | 8-K | $184.86 | awaiting T+60 | awaiting T+60 | $182.84 (+1.09%) |
Oct 29, 2026 3d ago | Press Release | $181.24 | awaiting T+60 | awaiting T+60 | $182.84 (+0.88%) |
Oct 9, 2026 23d ago | Court Ruling | $138.09 | awaiting T+60 | awaiting T+60 | $182.84 (+32.41%) |
Jul 1, 2026 17w ago | 8-K | $149.39 $130.45 | ▼ −12.68% | ▼ −15.55% | $182.84 (+22.39%) |
Jun 5, 2026 21w ago | 8-K | $159.70 $150.57 | ▼ −5.72% | ▼ −9.72% | $182.84 (+14.49%) |
Jun 5, 2026 21w ago | Press Release | $159.70 $150.57 | ▼ −5.72% | ▼ −9.72% | $182.84 (+14.49%) |
May 27, 2026 22w ago | Press Release | $154.42 $153.49 | ▼ −0.60% | ▼ −2.48% | $182.84 (+18.40%) |
May 13, 2026 24w ago | Insider Cluster | $144.83 $151.43 | ▲ +4.56% | ▲ +0.12% | $182.84 (+26.24%) |
May 1, 2026 26w ago | 8-K | $168.05 $170.42 | ▼ −1.41% | ▲ +0.45% | $182.84 (−8.80%) |
Apr 30, 2026 26w ago | Press Release | $179.30 $161.88 | ▼ −9.72% | ▼ −12.82% | $182.84 (+1.97%) |
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.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers