---
title: "Cardinal Infrastructure | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 226.93 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295525554.md"
datetime: "2026-08-11T11:03:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295525554.md)
  - [en](https://longbridge.com/en/news/295525554.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295525554.md)
generator: "portal-rs"
---

# Cardinal Infrastructure | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 226.93 M

Revenue: As of FY2026 Q2, the actual value is USD 226.93 M, beating the estimate of USD 179.13 M.

EPS: As of FY2026 Q2, the actual value is USD 0.26.

EBIT: As of FY2026 Q2, the actual value is USD 13.6 M.

### Q2 2026 Financial Highlights

#### Revenue

Cardinal Infrastructure Group Inc. reported revenue of $226.9 million for Q2 2026, marking a 114% year-over-year (YoY) increase, with organic growth contributing 64%.

#### Net Income

Net income for Q2 2026 was $11.1 million, an 18% increase YoY.

#### Gross Profit & Margin

Gross Profit stood at $24.5 million, representing a 10.8% margin.

#### Adjusted Gross Profit & Margin

Adjusted Gross Profit was $36.0 million, with a 15.9% margin.

#### EBITDA & Margin

EBITDA for the quarter was $25.2 million, achieving an 11.1% margin.

#### Adjusted EBITDA & Margin

Adjusted EBITDA reached $28.1 million, resulting in a 12.4% margin.

### Year-to-Date (YTD) Financial Highlights

#### YTD Revenues

Year-to-date revenues increased by 110%, totaling $394.4 million.

#### YTD Adjusted EBITDA

Year-to-date Adjusted EBITDA was $54.9 million, reflecting a 60% increase.

#### YTD Adjusted EBITDA Margin

The YTD Adjusted EBITDA margin was 13.9%.

### Operational Metrics

#### Backlog

As of June 30, Cardinal Infrastructure Group Inc. reported a record backlog of $866 million, up 35% YoY, which provides strong visibility through the second half of 2026 and beyond.

#### Acquisitions

The company completed its 9th acquisition since 2021 and 3rd acquisition of 2026 with Allied Paving, a transaction that was meaningfully accretive and purchased at approximately 5.5x adjusted EBITDA. Allied Paving has an annual revenue of $108 million and an Adjusted EBITDA margin of 20.3%. Cumulatively, acquisitions have contributed over $420 million in annual pro-forma acquired revenue and allowed entry into 3 new markets.

### Outlook / Guidance

Cardinal Infrastructure Group Inc. raised its full-year 2026 revenue guidance to a range of $880 million to $900 million, representing a 95% growth from 2025 at the midpoint. The Adjusted EBITDA margin range was adjusted to 16-18% due to one-time growth costs and accelerated investments, though full-year Adjusted EBITDA dollars are expected to exceed original plans. The medium-term Adjusted EBITDA margin target remains unchanged at low-20s%.

### Related Stocks

- [CDNL.US](https://longbridge.com/en/quote/CDNL.US.md)

## Related News & Research

- [Cardinal Infrastructure Q2 FY26 net income rises 18% to $11.1 million; revenue more than doubles to $226.9 million](https://longbridge.com/en/news/295523861.md)
- [Cardinal Infrastructure prices upsized $292M public offering at $73.00](https://longbridge.com/en/news/290788867.md)
- [Corient Private Wealth LP Makes New $7.52 Million Investment in TransUnion $TRU](https://longbridge.com/en/news/297479814.md)
- [Legal & General Group Plc Acquires Shares of 728,163 TransUnion $TRU](https://longbridge.com/en/news/297398672.md)
- [Korea Investment CORP Invests $5.98 Million in TransUnion $TRU](https://longbridge.com/en/news/296885826.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**