AECOM's Q3 hit by $337M charge, but core design business stays strong with positive FY26 outlook.

AECOM reported a $337 million charge related to a legacy Construction Management project from 2019, which caused weakness in its Q3 results. Despite this, the core Design business remains healthy, supported by record backlog and ongoing growth in Design net service revenue. The company forecasts adjusted EPS of $5.90-$6.10 and adjusted EBITDA of $1.275-$1.305 billion for FY26, with a 17.4% EBITDA margin. Construction Management poses risks due to outstanding legacy projects and cash flow pressures, but the overall valuation suggests the market may be pricing in more trouble than the core business currently shows. The stock is rated Buy with a 12-month target price of $88.

Following the report of a significant legacy project charge, AECOM's stock price on Pluang stands at USD 58.67 as of September 30, 2026, 12:31 WIB, showing a 1.26% decline for the day. The company holds a market capitalization of $7.65 billion and a dividend yield of 2.09%. Despite the recent challenges, Pluang investors currently show full buying interest with 100% buy order activity and a typical hold time of 62 days.