Target Hospitality Corp. Q2 2026: Revenue $85.46M, EPS $(0.09) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Target Hospitality Corp. reported Q2 2026 revenue of $85.46M, a 39% YoY increase, with diluted EPS at $(0.09), improving from $(0.15) in the prior year. The company narrowed its net loss to $(9.04M). Growth was driven by workforce housing services and securing four major contracts for AI infrastructure projects, adding $1.4B in contracted revenue.
Target Hospitality Corp. reported second-quarter 2026 results with revenue rising to $85.46M and an improved net loss versus the year-ago quarter; diluted EPS was $(0.09) for the period. Revenue increased 39% year over year while the company narrowed its net loss amid continued ramp‑up of new workforce housing contracts and higher services mix.
Financial Highlights
- Revenue was $85.455M for Q2 2026, up from $61.606M in the year-ago quarter (39% YoY).
- Net income: Net loss attributable to common stockholders of $(9.035) M for Q2 2026, improved from $(14.931) M in the year-ago quarter.
- Diluted EPS was $(0.09) for Q2 2026, versus $(0.15) in the year-ago quarter.
Business Highlights
- Year-to-date consolidated revenue rose about 20% to $158.2M, led by expansion in the WHS segment and a higher services mix.
- WHS shifted from construction revenue toward higher‑margin services and specialty rentals, driving the majority of revenue and margin improvement.
- Secured four major WHS contracts tied to AI infrastructure, power and data center projects, adding roughly $1.4B of contracted revenue and about 9,000 beds.
- Network expanded to 29 communities plus 2 operated properties, with large community builds such as the Thacker Pass Workforce Hub moving into the service phase.
- SG&A and pre‑opening costs rose with new contract wins and community ramp‑ups; management expects margins to improve as operations scale and execute.
Original SEC Filing: Target Hospitality Corp. [ TH ] - 10-Q - Aug. 10, 2026