Booz Allen Q1 2027 Earnings Beat, Backlog $39B

Booz Allen Hamilton reported solid Q1 2027 results with adjusted earnings per share of $1.81, beating estimates, while revenue declined about 4% year over year to $2.8 billion and missed consensus by a small margin. The company highlighted a robust backlog of $39 billion and a book-to-bill ratio of 1.5x, signaling strong demand despite near-term softness in the Civil segment and continued acceleration in National Security, cyber, and AI-enabled offerings. Margins expanded, with adjusted EBITDA margin on revenue rising to 11.9% and free cash flow reaching $261 million, reflecting disciplined execution and strategic investments. Booz Allen reaffirmed its fiscal-year outlook and declared a quarterly dividend of $0.59 per share, payable in August 2026. The firm continues to stress growth through advanced defense technologies and outcomes-based delivery while managing a projected revenue decline from federal procurement headwinds. A post-earnings conference call was planned to discuss the results and reconcile non-GAAP measures.