APi Group Posts Record Q2 and Lifts Full-Year Outlook on Robust Organic Growth
APG sits 20% above its 52-week low of $33.4.
Summary
APi Group posted record Q2 2026 results with 13.3% revenue growth and raised its full-year guidance, driven by strong organic growth and recent acquisitions.
Key Events · Earnings and Guidance · APG
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Record Q2 Revenue and Profit
Net revenues reached $2.3 billion, up 13.3% year over year, with organic growth contributing 10.1%. Adjusted EBITDA climbed 14.3% to $311 million, and margins expanded 10 basis points to 13.8%.
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Full-Year Guidance Raised
The 2026 net revenue outlook was lifted to $8,875–$9,025 million from $8,660–$8,860 million, while adjusted EBITDA guidance moved to $1,205–$1,245 million from $1,177–$1,237 million.
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Q3 Guidance Introduced
For the third quarter, management expects net revenues of $2,375–$2,425 million and adjusted EBITDA of $325–$335 million, signaling sustained momentum.
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Record Backlog Supports Growth
Backlog exceeded $5 billion, providing visibility into future revenue and reflecting robust demand across both segments.
Analysis · APG · Trade & Services
A standout quarter saw APi Group deliver 10% organic revenue growth and record adjusted EBITDA of $311 million, beating expectations and prompting a guidance raise. The company is executing well on its M&A strategy, with recent acquisitions contributing to a record backlog exceeding $5 billion. This performance reinforces the growth narrative and supports the stock's premium valuation.
At the time of this filing, APG was trading at $40.14 on NYSE in the Trade & Services sector, with a market capitalization of approximately $16.8B. The 52-week trading range was $33.40 to $49.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.