ASGN Q1 Misses, Shares Plunge

ASGNs Q1 2026 earnings missed analyst expectations, with revenue flat at $968.3M and EPS at $0.69, down from $0.98. Adjusted EBITDA also fell short at $83.6M, and operating margins shrank to 2.9% from 4.8% last year. The companys cautious Q2 guidance, with revenue at $985M and EPS at $0.81, was met with a market sell-off, sending shares down to $30.98. ASGN blamed a tougher business mix, including slower ramps in high-margin enterprise software deals and federal cost-plus contracts. Despite timing delays and new hires, the company remains optimistic about AI, cloud, and cyber demand, with potential upside from cost cuts and federal pipeline pickup in AI and cyber. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/18592e32a54df969