Exponent(NASDAQ) EXPO

Exponent, Inc. helps companies solve difficult technical problems. Its experts analyze failures to improve user safety and health. The firm assists clients in energy, electronics, and chemicals.

Engineering the Answers

• Engineering and Other Scientific: Services including structural analysis and data analytics to solve technical challenges; accounts for 86.7% of total revenues in the second quarter of 2026.
• Environmental and Health: Consulting on chemical safety, regulatory compliance, and health sciences; accounts for 13.3% of total revenues in the second quarter of 2026.
• Failure Analysis: Investigative work to determine why a product or process did not work as intended.
• User Research: Studies that help clients understand how people interact with new technology, such as artificial intelligence hardware.

Where the Business Is Going

• Expanded user research studies for clients developing hardware and applications enabled by artificial intelligence.
• Increased risk management and infrastructure-related projects within the utility industry.
• Entered into an agreement in June 2024 to extend a land lease in Arizona for 15 years starting in Jan. 2028.

Solving the Hardest Problems

Exponent utilizes more than 90 technical disciplines to address complicated challenges across global industries. Its expertise in analyzing failures helps clients innovate while maintaining sustainability and user safety. The company tracks billable hours, which represent time spent on client projects, and utilization, the percentage of available time billed to clients.

A Look at the Books

• Total revenues reached $171,612,000 in the second quarter of 2026, up 21% year over year.
• Net income hit $29,395,000 in the second quarter of 2026, up 11% year over year.
• Diluted earnings per share were $0.60 in the second quarter of 2026, up from $0.52 year over year.
• Cash and cash equivalents totaled $66,629,000 as of July 3, 2026, compared to $221,930,000 on Jan. 2, 2026.
• Common stock repurchases amounted to $146,138,000 during the six-month period ended July 3, 2026.

Evolution of Expertise

Exponent has transitioned from its origins in failure analysis to a broader consulting role that supports modern technology development. Its focus on specialized scientific expertise allows it to serve as a technical advisor for both product innovation and legal disputes.