Q2 FY2026 EarningsQ2 FY26 significantly beat consensus across all key financial metrics, with revenue reaching a record $1.08B vs. $994.7M expected. Diluted EPS of $3.17 outperformed the mean estimate of $2.55 by 24.1%, driven by a record 13.2% gross margin (vs. 12.2% expected) and strong project execution in the C&I segment. Backlog grew 19.6% YoY to a record $3.16B, while the close of the Valley and Comet Electric acquisitions on July 1 suggests continued inorganic growth momentum for the second half of the year.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: MYR(MYRG) the Revenue is 1.082 B (+20.15%), Beat estimate;the EBIT is 67.95 M (+70.77%), Beat estimate;the EPS is 3.17 (+86.47%), Beat estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueExceed expectations
1.08B20.15%
0.99B10.48%
+0.09B9.67%
EBITExceed expectations
0.07B70.77%
0.06B48.13%
+0.01B22.64%
EPSExceed expectations
3.1786.47%
2.553350.20%
+0.616736.27%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf