ICF International Reports Stable Q2 Revenue and Reaffirms 2026 Guidance

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ICF International reported second-quarter 2026 revenue of $474.5 million, essentially flat compared to $476.2 million a year earlier, while non-GAAP EPS rose 12% to $1.86. The company reaffirmed its full-year 2026 revenue guidance of $1.89 billion to $1.96 billion and non-GAAP EPS guidance of $6.95 to $7.25, with more than 90% of required revenue already in backlog. International government revenue grew 35.1% to $39.5 million, commercial client revenue increased 5.9% to $166.0 million, and federal government revenue declined 9.5% to $184.9 million due to 2025 contract cancellations but rose 1.4% sequentially. Adjusted EBITDA margin expanded 10 basis points to 11.2%, and the business development pipeline reached $9.3 billion, up 9% from the first quarter. The company also declared a quarterly dividend of $0.14 per share payable on October 9, 2026.

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ICF International Inc
ICFI
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Q2 revenue flat but EPS up 12%, guidance reaffirmed with strong backlog and pipeline growth.