KBR (KBR) Earnings: Q3 Fiscal 2026 Results

The quarter ended October 2, 2026 and KBR published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. KBR 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.

• KBR's fiscal third quarter ended October 2, 2026. The year-ago quarter ended October 3, 2025.
• Diluted EPS on this page is attributable to KBR including discontinued operations (the HomeSafe joint venture). Diluted EPS from continuing operations was $1.03, against $0.91 a year earlier.
• Since Q1 fiscal 2026, KBR's adjusted EBITDA adds back its share of unconsolidated joint venture interest, taxes, depreciation, amortization and acquisition costs. Prior periods were not recast; KBR estimates the effect on fiscal 2025 margins at about 20 basis points.

Source: KBR Q3 fiscal 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended October 2, 2026. Figures as reported; checked against the release on November 10, 2026.

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

• KBR's Mission Technology Solutions revenue was $1.3 billion in Q3 fiscal 2026, down 5% from $1.3 billion in Q3 fiscal 2025, 62% of total revenue.
• KBR's Sustainable Technology Solutions revenue was $762 million in Q3 fiscal 2026, up 26% from $605 million in Q3 fiscal 2025, 38% 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

KBR reaffirmed this full-year outlook for the consolidated company, before the planned spin-off of Mission Technology Solutions.

In its Q3 fiscal 2026 release, KBR said:

“Revenues $7.90B-$8.36B”

“Adjusted EBITDA $980M-$1,040M”

“Adjusted EPS $3.87-$4.22”

“Adjusted operating cash flows $560M-$600M”

Source: KBR Q3 fiscal 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the KBR forecast page.

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

GAAP revenues and diluted EPS attributable to KBR, including discontinued operations, each as first reported in that quarter's release.

We do not hold a confirmed date for KBR'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 fiscal 2026 (this page), reported Oct 29, 2026

KBR's Q3 fiscal 2026 revenues of $2,028 million came from two segments: Mission Technology Solutions (MTS), $1,266 million, and Sustainable Technology Solutions (STS), $762 million. KBR said the $97 million increase came primarily from engineering and professional services projects within STS, partially offset by anticipated reductions in NASA programs within MTS. (KBR Q3 fiscal 2026 release, Oct 29, 2026)

MTS revenues fell 5%, or $60 million, on lower U.S. Government Federal Civilian volumes tied to NASA, partially offset by growth with Defense & Intelligence and International Government customers. The 10-Q shows Federal Civilian revenue of $209 million, against $274 million a year earlier, and Defense and Intelligence revenue of $836 million, against $832 million. (KBR Q3 fiscal 2026 release, Oct 29, 2026; KBR Form 10-Q, Q3 fiscal 2026, Oct 29, 2026)

STS revenues rose 26%, or $157 million, which KBR attributed to converting bookings secured over the past several quarters into revenue. Commercial and Infrastructure Clients, nearly all of them in STS, provided $752 million of the quarter's revenues. By destination, the United States accounted for $969 million, Europe $376 million and the Middle East $357 million, of which $320 million was STS work. (KBR Q3 fiscal 2026 release, Oct 29, 2026; KBR Form 10-Q, Q3 fiscal 2026, Oct 29, 2026)

Backlog was $17,718 million at October 2, 2026, and backlog and options $23,122 million. Book-to-bill was 0.9x for the quarter, or 1.0x excluding the NASA insourcing debooking. STS backlog reached a record $5,828 million, up from $4,312 million at January 2, 2026. (KBR Q3 fiscal 2026 release, Oct 29, 2026)

KBR's GAAP diluted EPS of $1.06 for Q3 fiscal 2026 includes $0.03 from discontinued operations, which hold the HomeSafe joint venture whose role in the Global Household Goods Contract U.S. Transportation Command terminated in June 2025. Diluted EPS from continuing operations was $1.03. Adjusted EPS of $1.12 adds back amortization related to acquisitions ($0.06), spin-off, acquisition and restructuring costs ($0.14) and an Ichthys commercial dispute cost ($0.01), and removes $0.12 of interest income associated with a discrete tax benefit. (KBR Q3 fiscal 2026 release, Oct 29, 2026; KBR Form 10-Q, Q3 fiscal 2026, Oct 29, 2026)

Spin-off, acquisition and restructuring costs were $23 million in the quarter, against $8 million a year earlier, as KBR prepares to separate MTS. The provision for income taxes fell to $18 million from $34 million. The 10-Q puts the nine-month effective tax rate at approximately 22%, against 25% a year earlier, including a $15 million discrete tax benefit tied to the IRS examination and appeals process. (KBR Q3 fiscal 2026 release, Oct 29, 2026; KBR Form 10-Q, Q3 fiscal 2026, Oct 29, 2026)

Diluted weighted average shares were 126 million, against 128 million, after open market repurchases in earlier quarters. KBR repurchased no shares in Q3 fiscal 2026, against $100 million a year earlier, and paid $21 million in dividends. (KBR Q3 fiscal 2026 release, Oct 29, 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.

KBR gives full-year guidance in its release. After Q3 it reaffirmed its fiscal 2026 outlook for the consolidated company: revenues of $7.90 billion to $8.36 billion, adjusted EBITDA of $980 million to $1,040 million, adjusted EPS of $3.87 to $4.22 and adjusted operating cash flows of $560 million to $600 million. (KBR Q3 fiscal 2026 release, Oct 29, 2026)

That outlook covers KBR before the spin-off of MTS, which will become Trinzic. KBR targets completion on January 4, 2027, subject to final approval by its Board and the effectiveness of the Form 10 filed with the SEC on September 30, 2026. KBR and Trinzic hold separate Investor Days in New York City on November 11 and November 12, 2026. (KBR Q3 fiscal 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover KBR, 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 KBR's own release and filings put weight on for Q3 fiscal 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 KBR is on is KBR a buy or a sell?, what analysts expect next is on the KBR forecast, and what the company does is on the KBR (KBR) stock page.

Every number on this page can be traced to a document KBR 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.