How much stock did Tetra Tech repurchase in Q3 2026?

Tetra Tech repurchased $100 million of common stock during the third quarter of fiscal 2026 ended June 28, 2026. The filing does not disclose the number of shares repurchased or the average price paid per share.

What authorization remains available for future repurchases?

As of June 28, 2026, Tetra Tech had $398 million remaining under its share repurchase program. This indicates the company still has substantial authorization for future buybacks after the Q3 execution.

Why is Tetra Tech repurchasing shares?

According to CFO Steve Burdick, the company's strong cash generation—$467 million from operations in the first nine months of 2026—has enabled it to simultaneously fund acquisitions, increase stock buybacks, raise dividends, and deleverage net debt. The buybacks are part of a balanced capital allocation strategy.

How does the buyback fit into Tetra Tech's broader capital strategy?

The company prioritizes multiple uses of cash: acquisitions (it paid for business acquisitions during the period), debt reduction (working to deleverage), dividend increases (11% year-over-year increase announced), and share repurchases. The $100 million buyback in Q3 is one element of this multi-pronged approach rather than the primary capital allocation driver.

What execution mechanism does Tetra Tech use for its repurchases?

The filing does not specify whether Tetra Tech uses Rule 10b-18 open-market purchases, an accelerated share repurchase (ASR) agreement, a 10b5-1 plan, or another mechanism for executing its buybacks.

How does this repurchase impact Tetra Tech's share count?

The company had approximately 256 million shares outstanding as of June 28, 2026, down from 261.4 million shares at the end of fiscal 2025 (September 28, 2025). The $100 million Q3 repurchase contributed to this reduction, though the filing does not isolate the exact share impact of Q3 activity.

TTEK 8-K Filed 2026-07-29 Execution disclosure

Tetra Tech repurchased $100M stock in Q3 2026

Engineering services firm executes Q3 buyback; $398M authorization remains outstanding

Remaining$398M

MechanismNot specified

What the filing says

Tetra Tech Inc. (NASDAQ: TTEK) repurchased $100 million of common stock during the third quarter of fiscal 2026 ended June 28, 2026, according to the company's earnings news release filed as an exhibit to an 8-K on July 29, 2026. As of June 28, 2026, the company had $398 million remaining under its share repurchase authorization.

The buyback reflects Tetra Tech's strong operational and cash-generation performance. The company generated $467 million in operating cash flow through the first nine months of fiscal 2026, described by Chief Financial Officer Steve Burdick as "the strongest cash flow on record." This cash generation enabled the company to fund acquisitions, increase stock buybacks, pay higher dividends (including an 11% year-over-year increase in the quarterly dividend to $0.072 per share), and reduce net debt simultaneously.

The execution mechanism was not specified in the filing. The buyback was conducted against the backdrop of a 5% sequential increase in backlog to $4.49 billion and improved fiscal 2026 guidance raised mid-quarter.

In the third quarter of fiscal 2026, Tetra Tech repurchased $100 million of common stock. Additionally, as of June 28, 2026, the Company had $398 million remaining under its share repurchase program. — TETRA TECH INC 8-K filing · View on SEC EDGAR →

What this means

The $100 million Q3 repurchase demonstrates Tetra Tech's commitment to return capital to shareholders while maintaining financial flexibility for growth. With $398 million remaining under authorization, the company has room to continue buybacks. The repurchase occurred as the company raised full-year 2026 guidance and generated record operating cash flow, signaling management confidence in business momentum. At current share count (~256 million shares outstanding as of June 28, 2026), the $100 million buyback represents approximately 0.4% of total shares, a modest reduction that prioritizes acquisitions and debt reduction alongside shareholder returns.

Frequently asked questions

How much stock did Tetra Tech repurchase in Q3 2026?: Tetra Tech repurchased $100 million of common stock during the third quarter of fiscal 2026 ended June 28, 2026. The filing does not disclose the number of shares repurchased or the average price paid per share.
What authorization remains available for future repurchases?: As of June 28, 2026, Tetra Tech had $398 million remaining under its share repurchase program. This indicates the company still has substantial authorization for future buybacks after the Q3 execution.
Why is Tetra Tech repurchasing shares?: According to CFO Steve Burdick, the company's strong cash generation—$467 million from operations in the first nine months of 2026—has enabled it to simultaneously fund acquisitions, increase stock buybacks, raise dividends, and deleverage net debt. The buybacks are part of a balanced capital allocation strategy.
How does the buyback fit into Tetra Tech's broader capital strategy?: The company prioritizes multiple uses of cash: acquisitions (it paid for business acquisitions during the period), debt reduction (working to deleverage), dividend increases (11% year-over-year increase announced), and share repurchases. The $100 million buyback in Q3 is one element of this multi-pronged approach rather than the primary capital allocation driver.
What execution mechanism does Tetra Tech use for its repurchases?: The filing does not specify whether Tetra Tech uses Rule 10b-18 open-market purchases, an accelerated share repurchase (ASR) agreement, a 10b5-1 plan, or another mechanism for executing its buybacks.
How does this repurchase impact Tetra Tech's share count?: The company had approximately 256 million shares outstanding as of June 28, 2026, down from 261.4 million shares at the end of fiscal 2025 (September 28, 2025). The $100 million Q3 repurchase contributed to this reduction, though the filing does not isolate the exact share impact of Q3 activity.

execution Q3-2026 engineering-services cash-generation capital-allocation

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.