Advanced Drainage Systems Fiscal Q2 2027 EPS Tops Estimates at $1.88, but Revenue Misses at $889.4M

Advanced Drainage Systems (WMS) posted mixed fiscal second-quarter 2027 results, with adjusted EPS above the estimate and revenue below it. Revenue was $889.4 million, up 4.6% from a year earlier, below the $921.8 million estimate, and adjusted EPS was $1.88, down 4.6% from a year earlier, above the $1.81 estimate.

Fiscal Q2 2027 scorecard

By our calculation, revenue was $32.4 million below the estimate and adjusted EPS was $0.07 above it. The QoQ column compares with the previous quarter's revenue of $1.00 billion and adjusted EPS of $2.49. The YoY column compares with $850.4 million and $1.97 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 6 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 6 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $850.4 million, $693.4 million, $676.8 million, $1.00 billion and $889.4 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $1.15 and revenue of $782.8 million next quarter, based on 6 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 4.6% increase to $889.4 million.
• Estimate record. Whether Advanced Drainage Systems extends a record of beating EPS estimates in 6 of its last 8 reports.
• Related coverage. See our reports on Americold Realty Trust, Agios Pharmaceuticals, NCR Voyix and Vontier.

Sources: Results are from Advanced Drainage Systems's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Advanced Drainage Systems's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.