HCKT earnings analysis
What we found in HCKT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Hackett Group reported Q1 2026 results with total revenue of $68.8 million, falling short of estimates by 4.7%, but adjusted EPS of $0.34 exceeded expectations of $0.33, reflecting a positive surprise of 3.0%. The company faced challenges with declining revenue year-over-year across most segments, leading to a cautious outlook for future performance, alongside notable increases in restructuring costs and outstanding debt.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Adjusted EPS Beat Expectations
- Hackett reported an EPS of $0.34, surpassing estimates of $0.33 by 3.0%.
- Revenue Decline Year-over-Year
- Total revenue decreased to $68.8 million from $77.9 million year-over-year, reflecting a decline of 11.5%.
- Improved Income from Operations
- Income from operations rose to $8.9 million from $4.4 million in the prior year period.
- SAP Solutions Segment Growth
- SAP Solutions revenue grew to $16.3 million from $13.4 million year-over-year, an increase of 21.6%.
- Substantial Increase in Debt
- Outstanding debt increased significantly to $79.0 million from $18.0 million year-over-year.
- SG&A Costs Reduction
- SG&A costs declined by 21% to $18.4 million from $23.4 million year-over-year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Restructuring Costs
- The company incurred $1.9 million in restructuring costs in Q1 2026, reflecting strategic shifts.
- High Outstanding Debt Levels
- Outstanding debt rose sharply by $61 million to $79 million, raising potential liquidity concerns.
- Slowing Client Decision Cycles
- Global S&BT segment revenue declined due to elongated client decision cycles, affecting overall growth.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.34
- Segment
- Global S&BT: $36.8M
- Segment
- Oracle Solutions: $15.7M
- Segment
- SAP Solutions: $16.3M
What they said about what is next.
Q2 2026 revenue guidance indicates a cautious outlook.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 27, 2026
- Hackett Group's 10-K shows a strategic pivot towards Generative AI with launches like AI XPLR, displaying strong market positioning despite a revenue dip of 2% to $305.6 million in 2025. The company aims to capitalize…
- 10-Q · November 5, 2025
- HCKT's Q3 2025 earnings report reflects a decline in revenue and net income compared to the same period last year, attributed to challenges in key service areas despite the ongoing focus on Gen AI consulting. The…
- 10-Q · August 6, 2025
- In Q2 2025, Hackett Group reported strong revenue growth of 1.6% year-over-year, totaling $78.9 million, aided by an increase in their Global Strategy & Business Transformation segment. Despite rising costs leading to a…
- 10-Q · May 7, 2025
- Hackett Group reported Q1 2025 revenue of $77.9 million, up 0.9% year-over-year, and an EPS of $0.11, a decline from $0.32 in Q1 2024. The Global Strategy & Business Transformation segment saw notable growth, while…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing HCKT makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever