SOLV Energy Q1 revenue $677M (+66% YoY); raises FY adj. EBITDA guidance; acquires RWE

SOLV Energy, Inc.

Revenue $677M (+66% YoY), gross profit $119M (+102%), net loss $(27)M including $52M one-time non-cash charge for equity award modification.
Adjusted EBITDA $93M (+174% YoY); raises FY 2026 adjusted EBITDA guidance to $435M-$455M.
Acquires Roberson Waite Electric for $45M ($36M at closing, remainder performance-based); expected close Q3 2026.
Chief Strategy Officer Erik Johnson resigned, transitions to non-executive role through end of 2026.
Appoints Mike Adams as VP of Investor Relations; over 20 years experience in energy sector and capital markets.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Erik Johnson

Chief Strategy Officer

MWH · SOLV Energy, Inc.

Effective: 2026-05-11
Filed: May 12, 2026, 7:08 AM ET

On May 12, 2026, the Company announced that Erik Johnson, the Company’s Chief Strategy Officer, resigned from his role as Chief Strategy Officer of the Company effective as of May 11, 2026 and transitioned to a non-executive employee role.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SOLV Energy, Inc. reported first quarter ended March 31, 2026 results: revenue $677 million, net income Net loss of $(27) million. Guidance raised.

Period: first quarter ended March 31, 2026
Revenue: $677 million
Net income: Net loss of $(27) million
Guidance: raised
Result: reported results

Exact text from the filing

Gross Margin exclude the impact of the allocation of non-cash compensation expense to cost of revenue First Quarter 2026 Financial and Recent Business Highlights • Revenue of $677 million, up 66% year over year • Gross Profit of $119 million, up 102% year over year • Adjusted Gross Profit of $124 million, up 110% year over year • Net loss of $(27) million •

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Erik Johnson resigned as Chief Strategy Officer at SOLV Energy, Inc..

Action: resigned
Role: Chief Strategy Officer

Exact text from the filing

On May 12, 2026, the Company announced that Erik Johnson, the Company’s Chief Strategy Officer, resigned from his role as Chief Strategy Officer of the Company effective as of May 11, 2026 and transitioned to a non-executive employee role.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

SOLV Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-218154

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