Fortrea Holdings Inc.Fortrea raised full-year 2026 guidance after Q2 revenue beat and fourth straight quarter of book-to-bill above 1.0x, indicating strong operational momentum.

Fortrea reported second quarter 2026 revenues of $678.2 million and raised its full-year guidance, reflecting continued commercial and operational momentum. The contract research organization posted a GAAP net loss of $13.2 million, or $0.14 per diluted share, while adjusted EBITDA rose to $58.7 million and adjusted net income reached $22.7 million, or $0.23 per diluted share. The quarter’s book-to-bill ratio was 1.06x, marking the fourth consecutive quarter above 1.0x and bringing the trailing 12-month ratio to 1.12x. For the full year, Fortrea now expects revenue between $2,620 million and $2,690 million and adjusted EBITDA between $205 million and $220 million. Backlog stood at $7,800 million as of June 30, 2026.
Fortrea Holdings Inc.Fortrea raised full-year 2026 guidance after Q2 revenue beat and fourth straight quarter of book-to-bill above 1.0x, indicating strong operational momentum.