The company revised its FY26 earnings outlook due to a temporary federal program contract modification.
MAXIMUS posted Q3 non-GAAP earnings per share of $2.22, exceeding expectations by $0.01. Revenue fell 5.2% year-over-year to $1.28B, missing estimates by $50M.
The revenue decline reflects ongoing challenges in its federal programs segment. Prior-year Q3 revenue stood at $1.35B, with consensus estimates anticipating $1.33B for the current quarter.
The company updated its fiscal 2026 earnings guidance, citing a temporary contractual adjustment on a major federal program.