AECOM's stock surged 5.23% in extended trading following the release of its first-quarter fiscal 2026 financial results, which exceeded analyst expectations across key metrics.

The infrastructure consulting firm reported Q1 revenue of $3.83 billion, beating the consensus estimate of $3.61 billion. Adjusted earnings per share of $1.29 also surpassed the $1.17 estimate. Additionally, AECOM raised its fiscal 2026 adjusted EPS guidance to a range of $5.85 to $6.05, up from its previous forecast of $5.65 to $5.85.

Further bolstering investor sentiment, AECOM's international segment backlog hit a record $854 million, representing a 25% increase, supported by a strong 1.5 book-to-burn ratio indicating robust future demand. The company also announced that its board approved an increase in the share repurchase authorization to $1 billion and decided to continue owning and operating its Construction Management business following a strategic review.