Ameresco

Q2 FY2026 EarningsQ2 FY26 results significantly exceeded consensus, with revenue of $515.5M beating the $460.7M estimate by 11.9% and GAAP EPS of $0.18 surpassing the $0.16 consensus. Performance was driven by a record $1.8B in new project awards, particularly in data center power infrastructure which now totals five projects. While Adjusted Cash from Operations remained negative due to project timing, management raised full-year Non-GAAP EPS guidance to $1.15–$1.35 based on improved tax benefit visibility and a record $6.73B backlog.