Maximus forecasts FY2026 adjusted EPS of $7.90$8.20 after VA incentive pause cuts outlook by ~$0.35

Maximus lowered its FY2026 adjusted EPS outlook to $7.90–8.20, citing a ~$0.35 headwind from a pause in VA incentives. The update highlights sensitivity to U.S. government policy changes and raises uncertainty around near-term profitability for government-services contractors. While company-specific, it can modestly weigh on sentiment toward defensives with public-sector revenue exposure amid shifting federal program incentives.