Everforth management says AI, modernization demand drives Q3 2026 commercial revenue growth
Bitget2026/10/28 20:15- Everforth management commentary reported third-quarter 2026 revenue of $1.03 billion, exceeding guidance on stronger commercial and federal performance.
- Adjusted EBITDA reached $106.3 million, above guidance; its 10.3% margin matched the upper end of expectations.
- Commercial revenue rose 1.2% to $719.9 million, supported by customer investment in AI, IT modernization and cloud transformation.
- Federal revenue increased 3.8% to $311.5 million, with national security growth primarily driven by cybersecurity contracts.
- Management projected fourth-quarter 2026 revenue of $965 million to $995 million, with adjusted EBITDA of $93 million to $103 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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