earnings
confidence high
sentiment positive
materiality 0.85
SOLV Energy Q2 revenue up 77% to $951M; raises FY2026 guidance
SOLV Energy, Inc.
- Q2 revenue $951M (+77% YoY); H1 revenue $1.628B (+72% YoY).
- Q2 net income $67M vs $45M; Adjusted EBITDA $117M (12.4% margin).
- Backlog $8.9B (+44% YoY); 23 GW under O&M contract.
- Closed Roberson Waite Electric acquisition July 1 for $40.9M cash plus up to $9M earnout.
- FY2026 guidance raised: revenue $3.87-3.97B, Adjusted EBITDA $485-505M.