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%.