XML 30 R18.htm IDEA: XBRL DOCUMENT v3.26.1
Segment Information
6 Months Ended
Apr. 03, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
We operate our business activities and report financial results as two reportable segments: Digital Solutions and Global Engineering Solutions.
The Digital Solutions segment provides advanced digital and data-driven solutions including intelligence analytics, space system development, cybersecurity, and next generation IT across the federal government and commercial clients.
The Global Engineering Solutions segment provides large-scale environmental remediation, nuclear power solutions, platform engineering, sustainment and supply chain management across all seven continents for the U.S. government and allied nations.
The presentation of financial results as two reportable segments is consistent with the way the Company operates its business and the manner in which our chief operating decision maker (“CODM”), currently our Chief Executive Officer, manages the operations of the Company for purposes of allocating resources and assessing performance. The CODM evaluates the performance of our segments based on revenues and Adjusted EBITDA.
The Company’s segment revenues were as follows:
Three Months EndedSix Months Ended
(Amounts in millions)April 3, 2026March 28, 2025April 3, 2026March 28, 2025
DS$1,468 $1,340 $2,805 $2,626 
GES2,010 2,151 3,910 4,281 
Total$3,478 $3,491 $6,715 $6,907 
Adjusted EBITDA is most comparable to net income attributable to common shareholders prepared based on GAAP. The Company defines Adjusted EBITDA as net income attributable to common shareholders adjusted for interest expense and other, net, provision for income taxes, depreciation and amortization, and certain discrete items that are not considered in the evaluation of ongoing operating performance. These discrete items include acquisition, transaction, and integration costs, utilization of certain fair market value adjustments assigned in purchase accounting, and stock-based compensation. While we believe Adjusted EBITDA is a useful metric in evaluating operating performance by allowing better evaluation of underlying segment performance and better period-to-period comparability, it is not a metric defined by GAAP and may not be comparable to non-GAAP metrics presented by other companies.
The following table reconciles segment Adjusted EBITDA to net income attributable to common shareholders:
Three months endedSix months ended
April 3, 2026March 28, 2025April 3, 2026March 28, 2025
(Amounts in millions)DSGESTotalDSGESTotalDSGESTotalDSGESTotal
Revenues$1,468 $2,010 $3,478 $1,340 $2,151 $3,491 $2,805 $3,910 $6,715 $2,626 $4,281 $6,907 
Cost of revenues(1,316)(1,817)(3,133)(1,177)(1,947)(3,124)(2,501)(3,543)(6,044)(2,314)(3,865)(6,179)
Other segment expenses (1)
(47)(23)(70)(56)(43)(99)(96)(37)(133)(105)(93)(198)
Adjusted EBITDA attributable to Amentum Holdings, Inc.105 170 275 107 161 268 208 330 538 207 323 530 
Depreciation(6)(9)(18)(18)
Amortization of intangibles(94)(120)(188)(240)
Interest expense and other, net(73)(86)(147)(173)
Non-controlling interests— (2)— 
Acquisition, transaction and integration costs (2)
(16)(21)(27)(30)
Utilization of fair market value adjustments (3)
— (1)(1)
Stock-based compensation (4)
(8)(5)(15)(8)
Income before income taxes78 24 142 69 
Provision for income taxes(24)(22)(44)(46)
Net income including non-controlling interests54 98 23 
Net income attributable to non-controlling interests— — (7)
Net income attributable to common shareholders$54 $$98 $16 
(1)    Represents the difference between segment revenues, costs of revenues, and Adjusted EBITDA attributable to Amentum Holdings, Inc. Other segment expenses primarily includes selling, general, and administrative expenses, and equity earnings of non-consolidated subsidiaries and excludes certain discrete items that are not considered in the evaluation of ongoing performance.
(2)    Represents acquisition, transaction and integration costs, including severance, retention, and other adjustments related to acquisition and integration activities.
(3)    Represents the periodic utilization of the fair market value adjustments assigned to certain equity method investments and non-controlling interests based on the remaining period of performance for the related contract.
(4)    Represents non-cash compensation expenses recognized for stock-based arrangements.
Asset information by segment is not a key measure of performance used by the CODM.