Shares of Booz Allen Hamilton (NYSE: BAH) plummeted 17.77% in pre-market trading on Friday following the release of its fourth-quarter earnings report and fiscal year 2026 guidance. The significant drop comes as the management and technology consulting firm disappointed investors with both its revenue performance and future outlook.

For the fourth quarter, Booz Allen Hamilton reported revenue of $2.97 billion, falling short of the $3.03 billion expected by analysts. While the company's adjusted earnings per share of $1.61 met expectations, the revenue miss raised concerns about the firm's growth trajectory.

Adding to investor worries, Booz Allen Hamilton provided guidance for fiscal year 2026 that fell below Wall Street estimates. The company forecasts revenue between $12 billion and $12.5 billion, significantly lower than the $12.82 billion analysts were expecting. Similarly, the projected adjusted earnings per share range of $6.20 to $6.55 failed to meet the consensus estimate of $6.88.

The combination of missed revenue targets and disappointing forward guidance has clearly shaken investor confidence in Booz Allen Hamilton's near-term prospects. As the market digests this information, traders will be closely watching for any additional commentary from management during the earnings call that might provide more context for the company's outlook and strategies to address these challenges.