Fluor Corporation (FLR) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Fluor published the results on November 6, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Fluor reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Year-ago revenue and EPS include a $653 million revenue reduction from the ruling on the long-completed Santos project in Australia, booked in Energy Solutions in Q3 2025.
• Q3 2026 GAAP results include a $73 million pre-tax gain on the sale of Fluor's interest in ICA-Fluor, its former joint venture in Mexico. Adjusted EPS excludes it.

Source: Fluor Q3 2026 results, November 6, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Fluor splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Fluor's Urban Solutions revenue was $2.3 billion in Q3 2026, down 1% from $2.3 billion in Q3 2025, 63% of total revenue.
• Fluor's Energy Solutions revenue was $679 million in Q3 2026, up 159% from $262 million in Q3 2025, 18% of total revenue.
• Fluor's Mission Solutions revenue was $714 million in Q3 2026, down 6% from $761 million in Q3 2025, 19% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Fluor does not give guidance for GAAP net earnings or GAAP EPS.

In its Q3 2026 release, Fluor said:

“The company is affirming its 2026 adjusted EBITDA guidance of $500-$525 million.”

“Q3 share repurchases of $300 million ($1.1 billion year to date, toward our previously announced 2026 target of $1.4 billion)”

Source: Fluor Q3 2026 release, Nov 6, 2026.

This is the company's own guidance as of Nov 6, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the FLR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP figures, each as first reported in that quarter's release. Fluor's GAAP EPS swung widely through 2025 and early 2026 with the changing fair value of its NuScale stake, which it finished selling in April 2026.

We do not hold a confirmed date for Fluor's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 6, 2026

Fluor reports revenue in three segments. In Q3 2026 Urban Solutions brought in $2,327 million of the $3,720 million total, Mission Solutions $714 million and Energy Solutions $679 million. (Fluor Q3 2026 release, Nov 6, 2026)

Urban Solutions provides engineering, procurement and construction (EPC) and project management services to advanced technologies and manufacturing, life sciences, mining and metals and infrastructure, plus professional staffing and an operations and maintenance business. Energy Solutions offers EPC services for oil and gas, fuels, chemicals, LNG and power, along with nuclear and other low-carbon work. Mission Solutions delivers technical services to the U.S. and other governments, including the Department of Energy. (Fluor Form 10-K, 2025, Feb 17, 2026)

Most of Fluor's 10% revenue rise came from Energy Solutions, up from $262 million to $679 million. That jump is mostly a base effect: Q3 2025 included a $653 million revenue reduction related to the ruling on the long-completed Santos project in Australia. Urban Solutions revenue was consistent year over year, and Mission Solutions declined on lower DOE and emergency-response volume. (Fluor Q3 2026 release, Nov 6, 2026)

By project location, North America produced $2,907 million of Q3 2026 revenue, Europe $455 million and Asia Pacific $178 million, against a negative $365 million in Asia Pacific a year earlier when the Santos reversal was booked. In 2025, agencies of the U.S. government accounted for 17% of Fluor's revenue, and a single Urban Solutions customer spanning multiple projects accounted for 15%. (Fluor Form 10-Q, Q3 2026, Nov 6, 2026; Fluor Form 10-K, 2025, Feb 17, 2026)

Fluor booked $10,872 million of new awards in the quarter, including $7.5 billion for Phase 2 of LNG Canada and two copper mining projects in Chile. Backlog reached $34,305 million, up 21%, with 69% on reimbursable contracts against 82% a year earlier. Of the $33,327 million in remaining unsatisfied performance obligations, Fluor expects $12,928 million to be satisfied within one year. (Fluor Q3 2026 release, Nov 6, 2026; Fluor Form 10-Q, Q3 2026, Nov 6, 2026)

Fluor's GAAP diluted EPS of $1.16 was above its adjusted EPS of $0.77 in Q3 2026, mainly because GAAP results included a $73 million pre-tax gain on the sale of its interest in ICA-Fluor. Adjusted net earnings of $105 million exclude equity method earnings, foreign exchange, the divested Stork businesses and items Fluor treats as unrelated to normal operations, such as significant litigation outcomes. (Fluor Q3 2026 release, Nov 6, 2026)

The year-ago GAAP loss of $4.30 per share included the $653 million Santos ruling and a $401 million equity method loss, which the 10-Q attributes to the change in fair value of Fluor's investment in NuScale. Fluor sold its final 40 million NuScale shares in April 2026 for $473 million, completing that divestiture, so Q3 2026 had no equity method earnings. (Fluor Q3 2026 release, Nov 6, 2026; Fluor Form 10-Q, Q3 2026, Nov 6, 2026)

Fluor's diluted weighted average shares fell to 136 million from 162 million a year earlier. It repurchased over 23 million shares for $1.1 billion in the first nine months of 2026, and 44 million shares for $2.0 billion since restarting the program in the fourth quarter of 2024. The effective tax rate was 23% in the quarter, against 20% a year earlier. (Fluor Form 10-Q, Q3 2026, Nov 6, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Fluor affirmed its 2026 adjusted EBITDA guidance of $500 to $525 million in the Q3 release. Through nine months, adjusted EBITDA was $351 million. Fluor does not give guidance for GAAP net earnings or GAAP EPS, saying it cannot predict all the components, including foreign exchange, with reasonable certainty. (Fluor Q3 2026 release, Nov 6, 2026)

Fluor also restated its 2026 share repurchase target of $1.4 billion, against $1.1 billion repurchased through September. (Fluor Q3 2026 release, Nov 6, 2026)

A consensus figure is the average of the models published by the analysts who cover Fluor, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Fluor's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning FLR is on is FLR a buy or a sell?, what analysts expect next is on the FLR forecast, and what the company does is on the Fluor Corporation (FLR) stock page.

Every number on this page can be traced to a document Fluor published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.