Exponent Third-Quarter Revenue Rises 18% to $173.7 Million as Net Income Climbs to $30.9 Million
MENLO PARK, California — Exponent, Inc. (Nasdaq: EXPO), the engineering and scientific consulting firm headquartered in Menlo Park, on October 29 reported results for its fiscal third quarter ended October 2, 2026: total revenues rose 18% to $173.7 million, and net income increased to $30.9 million, or $0.64 per diluted share, from $28.0 million, or $0.55, a year earlier.
Revenues before reimbursements rose 12% to $153.1 million. EBITDA was $45.0 million, or 29.4% of revenues before reimbursements, up from $38.8 million, or 28.3%, a year earlier. The consolidated tax rate was 28.0%.
By segment, engineering and other scientific services accounted for 85% of revenues before reimbursements and grew 13%, driven by strong user-research activity and increased dispute-related and failure-analysis demand in the chemical, consumer products and transportation industries. The environmental and health segment accounted for 15% and grew 3% on projects assessing the effects of chemicals on human health and the environment.
For the first three quarters, total revenues were $511.6 million and net income was $89.9 million, or $1.83 per diluted share. The company paid $46.1 million in dividends, repurchased $146.1 million of common stock, and ended the period with $114.7 million in cash and cash equivalents. In a separate release, Exponent declared a quarterly cash dividend of $0.31 per share, payable December 18, 2026.
Exponent raised its full-year outlook: revenues before reimbursements are now expected to grow 10% to 11% for fiscal 2026, with EBITDA at 28.0% to 28.3% of revenues before reimbursements; fourth-quarter revenues before reimbursements are expected to grow 8% to 10%. Utilization was 77% in the quarter.
Chief Executive Officer Dr. Catherine Corrigan said the company delivered another strong quarter with double-digit growth in revenues and earnings, reflecting continued demand for its specialized, integrated engineering and scientific expertise. Chief Financial Officer Eric Anderson said the company raised its full-year revenue and margin guidance on the strength of its year-to-date performance.
Source: GSM · USA (original Chinese edition)
Photo: 美国加利福尼亚州 Menlo Park 市中心街景（公司总部所在地，资料图）。LPS.1 摄，CC0，经 Wikimedia Commons。 / Downtown Menlo Park, California, where the company is headquartered (file photo). Photo by LPS.1, CC0, via Wikimedia Commons.
