FTI Consulting Stock Falls 4.1% Despite Q2 Earnings Beat

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Summary · why it matters

FTI Consulting shares have declined 4.1% since the company reported second-quarter 2026 adjusted earnings of $2.16 per share, beating the Zacks Consensus Estimate of $2.09 by 3.4%. Revenues rose 5.3% year over year, but net income fell 19.4% to $57.8 million and adjusted EBITDA dropped 6.4% to $104.5 million as higher direct costs and SG&A expenses offset growth. The company reaffirmed its 2026 revenue guidance of $3.94-$4.10 billion and lowered its GAAP earnings outlook to $8.70-$9.30 per share, citing extraordinary litigation-related expenses. Corporate Finance and Technology segments posted revenue gains of 8.5% and 18.4%, respectively, while Economic Consulting improved sequentially with a 7.5% revenue increase from the first quarter. FTI Consulting repurchased 2.6 million shares for $390.9 million and generated free cash flow of $141 million during the quarter.

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FTI Consulting Inc
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Q2 earnings beat but net income and EBITDA fell, guidance lowered