Centuri

Q2 FY2026 EarningsQ2 FY26 delivered a substantial top-line beat with revenue of $962.0M vs. $836.0M consensus, driven by 33% YoY growth across all segments. While Adjusted EPS of $0.24 exceeded the $0.1989 estimate, GAAP Net Income of $6.1M missed expectations primarily due to a $9.0M one-time legacy contract write-down (City of Chicago reversal). Strong demand is evidenced by a 23% QoQ expansion in the opportunity pipeline to $16B, leading management to raise FY26 revenue guidance to $3.59B-$3.79B.