Revenue: As of FY2026 Q2, the actual value is USD 951.24 M, beating the estimate of USD 718.7 M.

EPS: As of FY2026 Q2, the actual value is USD 0.3.

EBIT: As of FY2026 Q2, the actual value is USD 69.24 M.

Second Quarter 2026 Financial Performance

SOLV Energy, Inc. reported a gross profit of $140 million for the second quarter of 2026, an increase from $113 million in the prior-year period, with a gross margin of 14.7% compared to 21.1% in the prior year. Adjusted Gross Profit reached $145 million, resulting in an Adjusted Gross Margin of 15.2%, down from 21.1% year-over-year. Net income for the second quarter of 2026 was $67 million, an increase from $45 million in the prior-year period. Adjusted EBITDA for the quarter was $117 million, up from $86 million in the prior year, with an Adjusted EBITDA Margin of 12.4% compared to 16.1% in the prior year.

First Half 2026 Financial Performance

For the six months ended June 30, 2026, gross profit was $259 million, compared to $172 million in the prior year, with a gross margin of 15.9% (vs. 18.2% in 2025). Adjusted Gross Profit was $269 million, an increase from $172 million, with an Adjusted Gross Margin of 16.5% (vs. 18.2% in 2025). Net income for the first half of 2026 was $39 million, a decrease from $44 million in the prior-year period, primarily due to an $11 million non-cash loss on extinguishment of term debt and a $52 million one-time non-cash compensation charge related to legacy equity awards. Adjusted EBITDA for the first half was $210 million, up from $120 million in the prior year, representing an Adjusted EBITDA Margin of 12.9% compared to 12.7% in the prior year.

Balance Sheet Highlights (as of June 30, 2026)

Cash and cash equivalents totaled $363,968 thousand, compared to $394,876 thousand at December 31, 2025. Total current assets were $1,051,839 thousand, up from $899,285 thousand at year-end 2025. Total assets increased to $2,129,676 thousand from $1,816,272 thousand. Total liabilities decreased to $1,278,501 thousand from $1,361,047 thousand, notably with term debt, long term, decreasing from $391,988 thousand to $0. Stockholders’ equity attributable to SOLV Energy, Inc. was $496,781 thousand, compared to -$98,139 thousand at December 31, 2025.

Cash Flow from Operating Activities

Net cash provided by operating activities for the six months ended June 30, 2026, was $46,039 thousand, compared to $50,836 thousand in the prior-year period.

Operational Metrics and Business Highlights

SOLV Energy, Inc. reported a total backlog of approximately $8.9 billion as of June 30, 2026, representing 44% growth year-over-year. The company now has over 23 GW under contract for O&M services. On July 1, 2026, SOLV Energy, Inc. completed the acquisition of Roberson Waite Electric for $40.9 million in cash, with up to $9.0 million payable in subsequent years.

Financial Outlook

SOLV Energy, Inc. updated its full-year 2026 financial guidance, anticipating revenue between $3,870 million and $3,970 million, an increase from previous guidance. Adjusted Gross Profit is projected to be between $620 million and $660 million, with an Adjusted Gross Margin of 16.0% to 16.6%. Adjusted EBITDA is anticipated to be between $485 million and $505 million, reflecting an Adjusted EBITDA Margin of 12.5% to 12.7%.