# Advanced Drainage (WMS) — Earnings

WMS · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/wms/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q1 2027 |
| Period end | Jun 30, 2026 |
| EPS actual | $2.49 |
| EPS estimate | $2.10 |
| EPS surprise | +18.38% |
| Revenue surprise | +0.98% |
| Revenue | $1.0B |
| Revenue estimate | $991.4M |
| Reported | Aug 6, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1604028/000160402826000037/wms-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/61bd76fb-8df9-7672-5aaf-3e44404c90c7.html) |

Advanced Drainage Systems reported fiscal Q1 2027 results on August 6, 2026. EPS was $2.49, ahead of the $2.10 estimate by 18.38%. Revenue was $1.0 billion, 0.98% above the $991.4 million consensus. Compared with fiscal Q1 2026, EPS rose 27.7% from $1.95 and revenue rose about 20% from $829.9 million. Both are the highest quarterly figures in the table.

Results follow a clear seasonal pattern in this data: fiscal Q1 and Q2 bring the most revenue and EPS, while Q3 and Q4 are lower. Annual EPS was $6.10 in fiscal 2023, $6.49 in 2024, $5.88 in 2025 and $6.26 in 2026. Annual revenue was $3.07 billion, $2.87 billion, $2.90 billion and $3.05 billion over the same years. After four straight misses across fiscal 2025, the company beat estimates in each of the last five quarters, and 12 times in the last 20.

Fiscal Q2 results came between November 2 and November 8 in each of the past five years, pointing to early November 2026 for the next report. It will show whether the year-over-year growth seen in Q1 extends into the second quarter, which has been the other strong quarter of the year in the table.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q1 2027 | Aug 6, 2026 | $2.10 | $2.49 | 18.38% | $991.4M | $1.0B |
| Q4 2026 | May 21, 2026 | $0.98 | $1.07 | 9.27% | $649.7M | $676.8M |
| Q3 2026 | Feb 5, 2026 | $1.10 | $1.27 | 14.98% | $687.5M | $693.4M |
| Q2 2026 | Nov 6, 2025 | $1.64 | $1.97 | 20.14% | $801.0M | $850.4M |
| Q1 2026 | Aug 7, 2025 | $1.75 | $1.95 | 11.47% | $797.3M | $829.9M |
| Q4 2025 | May 15, 2025 | $1.06 | $1.03 | -2.75% | $658.9M | $615.8M |
| Q3 2025 | Feb 6, 2025 | $1.20 | $1.09 | -9.02% | $675.4M | $690.5M |
| Q2 2025 | Nov 8, 2024 | $1.89 | $1.70 | -10.04% | $819.4M | $782.6M |
| Q1 2025 | Aug 8, 2024 | $2.08 | $2.06 | -0.84% | $831.8M | $815.3M |
| Q4 2024 | May 16, 2024 | $1.04 | $1.23 | 18.68% | $612.0M | $653.8M |
| Q3 2024 | Feb 8, 2024 | $1.06 | $1.37 | 28.95% | $632.7M | $662.4M |
| Q2 2024 | Nov 2, 2023 | $1.69 | $1.71 | 1.27% | $775.4M | $780.2M |
| Q1 2024 | Aug 3, 2023 | $1.56 | $2.18 | 39.96% | $746.1M | $778.0M |
| Q4 2023 | May 18, 2023 | $0.79 | $1.06 | 33.40% | $567.0M | $617.6M |
| Q3 2023 | Feb 2, 2023 | $1.19 | $0.99 | -17.09% | $713.6M | $655.2M |
| Q2 2023 | Nov 3, 2022 | $1.89 | $1.80 | -4.86% | $928.0M | $884.2M |
| Q1 2023 | Aug 4, 2022 | $1.48 | $2.25 | 52.11% | $849.4M | $914.2M |
| Q4 2022 | May 19, 2022 | $0.67 | $0.73 | 9.50% | $623.9M | $678.2M |
| Q3 2022 | Feb 3, 2022 | $0.99 | $0.88 | -11.67% | $651.3M | $715.4M |
| Q2 2022 | Nov 4, 2021 | $1.13 | $1.05 | -7.61% | $718.8M | $706.5M |

## Frequently Asked Questions

### When did Advanced Drainage (WMS) last report earnings?

Advanced Drainage last reported on Aug 6, 2026, covering fiscal Q1 2027.

### Did WMS beat earnings estimates?

Yes. Advanced Drainage reported EPS of $2.49 for Q1 2027 against a $2.10 estimate — a 18.38% beat.

### How much revenue did WMS report last quarter?

Advanced Drainage reported $1.0B in revenue for Q1 2027, against a consensus estimate of $991.4M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).