Maximus, a government operational services provider, reported Q3 revenues of $1.32 billion, flat year on year and missing analysts' expectations by 1.7%. The company's full-year revenue guidance also fell significantly short of expectations. Despite the slower quarter, CEO Bruce Caswell highlighted fiscal 2025 achievements, noting the company delivered revenue growth and profitability above initial expectations whilst navigating shifting priorities. However, Maximus provided the weakest full-year guidance update amongst government and technical consulting stocks tracked. The stock has risen 24.6% since reporting earnings and currently trades at $96.90. The government and technical consulting sector reported mixed Q3 results overall, with revenues meeting consensus estimates and share prices up 10.5% on average since earnings.

Maximus launches AI tool to help states improve SNAP accuracy. Maximus has launched Accuracy Assistant by Maximus, an AI-powered tool designed to help state governments improve accuracy in the Supplemental Nutrition Assistance Program. The tool uses predictive analytics and intelligent automation to detect data inconsistencies and flag potential accuracy issues in real time, allowing states to address problems before they result in payment errors. The launch comes as states prepare for upcoming federal changes to SNAP that will require them to fund a portion of benefits beginning in October 2027 based on their payment error rates. States with error rates above 6% will be required to pay a progressively higher share of SNAP benefit costs starting that year. "Accuracy Assistant by Maximus can provide state governments with the actionable intelligence necessary to drive faster, data-driven decision-making throughout the SNAP eligibility process," said Maximus President and CEO Bruce Caswell. "From the moment of the first interview to the end of the eligibility process, Accuracy Assistant can proactively identify and address potential issues in SNAP applications, strengthening program integrity and improving accuracy at every step. The tool builds on Maximus' commitment to helping governments continue to improve their programs serving citizens through innovative, tailored solutions." Developed by Maximus technology experts and former state program administrators, Accuracy Assistant analyzes case files in real time to identify high-risk cases most likely to result in errors and verifies information before benefits are issued. The system includes predictive analytics to flag high-risk cases, automated identification of missing or inconsistent eligibility data, real-time guidance for eligibility staff and dashboards that provide program leaders with visibility into performance and error trends. "States are committed to delivering SNAP benefits accurately and on time, but often face limited technology and resources," Caswell said. "Previous solutions have typically focused on identifying and correcting errors after benefits have been issued, which puts many states at risk for millions of dollars in new benefit costs. Accuracy Assistant provides automated quality assurance that helps prevent errors before they occur, strengthening program integrity and reducing risk. The result isn't just a lower error rate; it's a stronger SNAP program."

Maximus launches AI Accuracy Assistant for SNAP benefit programs. Maximus announced the launch of Accuracy Assistant by Maximus, a new ai-powered solution designed specifically for state supplemental nutrition assistance program (SNAP) operations. The offering leverages predictive analytics and intelligent automation to identify data inconsistencies, flag potential accuracy issues, and deliver real-time case file analysis, helping states proactively address errors before they lead to costly overpayments or compliance challenges. The solution launch comes at a critical time for states as they prepare for upcoming federal changes to state SNAP that require states to fund a portion of the benefits starting in October 2027 based on their payment error rates. The payment error rate measures how accurately states determine SNAP eligibility and benefit amounts. States with error rates exceeding 6% will pay a progressively higher share of the cost of the SNAP food benefit starting in October 2027. "Accuracy Assistant by Maximus can provide state governments with the actionable intelligence necessary to drive faster, data-driven decision-making throughout the SNAP eligibility process," said Bruce Caswell, President and Chief Executive Officer. "From the moment of the first interview to the end of the eligibility process, Accuracy Assistant can proactively identify and address potential issues in SNAP applications, strengthening program integrity and improving accuracy at every step. The tool builds on Maximus' commitment to helping governments continue to improve their programs serving citizens through innovative, tailored solutions." Developed by a Maximus team of technology experts and former state program administrators, Accuracy Assistant identifies high-risk cases - those most likely to result in errors - through real-time analysis of case files, verifying that the information used by staff to make decisions is accurate, before benefits are issued. Accuracy Assistant provides a multi-prong, AI-enabled approach for improving quality and increasing accuracy of the SNAP benefit verification process, including: * Predictive Analytics and Error Profiling: Before benefits are determined, Accuracy Assistant identifies data patterns from historical errors and state-specific rules to determine an error risk profile for each case. Flagging high-risk cases allows staff to resolve issues early without delaying low-risk cases. * Eligibility Inconsistency Identification: Intelligent document processing and natural language processing extracts and verifies data, providing real-time accuracy checks throughout the review process. Accuracy Assistant promptly alerts staff to data inconsistencies or missing information that can lead to errors. * Side-by-Side Support for Eligibility Staff: Throughout the eligibility process, Accuracy Assistant provides checkpoints to support getting information right the first time. It provides instant policy and procedure guidance using a curated database of federal and state regulations. Before, during, and after staff conduct applicant interviews, Accuracy Assistant flags missing information, provides real-time guidance, and auto-generates interaction summaries. * Monitoring and Reporting: Interactive dashboards can offer state program leaders real-time visibility into key metrics, helping them track program performance, identify error trends, and drive continuous improvement. "States are committed to delivering SNAP benefits accurately and on time, but often face limited technology and resources," said Caswell. "Previous solutions have typically focused on identifying and correcting errors after benefits have been issued, which puts many states at risk for millions of dollars in new benefit costs. Accuracy Assistant provides automated quality assurance that helps prevent errors before they occur, strengthening program integrity and reducing risk. The result isn't just a lower error rate; it's a stronger SNAP program."