Q2 FY2026 EarningsQ2 FY2026 results significantly missed consensus estimates across all key financial metrics, driven by $102.3 million in unfavorable non-cash adjustments related to legacy disputes. Revenue of $113.3M fell 35.4% short of the $175.5M expected, while gross margin plummeted to -62.9% compared to a +3.7% expectation. GAAP EPS of -$1.55 was significantly worse than the -$0.425 consensus, as the company reassessed recoverability on several projects, resulting in massive cumulative catch-up adjustments.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Southland(SLND) the Revenue is 113.31 M (-47.39%), Miss estimate;the EBIT is -87.94 M (-420 times%), Miss estimate;the EPS is -1.55 (-715.8%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueMiss expectations
0.11B47.39%
0.18B18.51%
-0.06B28.88%
EBITMiss expectations
-0.09B41975.60%
-0.02B7889.47%
-0.07B34,086.13%
EPSMiss expectations
-1.55715.79%
-0.425123.68%
-1.1250592.11%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf