Everus Crushes Q2 Estimates and Lifts 2026 Outlook on Record Backlog and 34% Revenue Jump

summarizeSummary

Record Q2 results featured a 34% revenue increase to $1.23B and a 53% EBITDA jump to $128.6M, prompting a full-year guidance raise and ending with a record $4.55B backlog.

check_boxKey Events · Earnings and Guidance · ECG

• Record Q2 Revenue and Profitability

  Revenue reached $1.23B (up 33.7% YoY), net income rose to $83.9M (up 58.9%), and diluted EPS hit $1.64 (up 59.2%). Organic revenue growth was 30%.

• EBITDA Surge and Margin Expansion

  EBITDA of $128.6M (up 52.7% YoY) drove margin expansion to 10.4% from 9.1%, reflecting strong project execution and operating leverage.

• Record Backlog Provides Visibility

  Backlog climbed to $4.55B, up 41% from year-end 2025 and 52.8% from June 2025, supported by over $2B in Q2 bookings across data center, hospitality, and high-tech end markets.

• Raised Full-Year 2026 Guidance

  Revenue guidance was raised to $4.5B-$4.7B (from $4.3B-$4.4B) and EBITDA guidance to $410M-$425M (from $345M-$360M), reflecting strong first-half execution and demand visibility.

auto_awesomeAnalysis · ECG · Real Estate & Construction

A standout quarter saw revenue climb 34% to $1.23B and EBITDA surge 53% to $128.6M—both records. Organic growth hit 30%, fueled by data center and commercial demand. Backlog swelled to $4.55B, up 53% year-over-year, offering robust visibility. Reflecting confidence in sustained momentum, management raised full-year revenue guidance by roughly 7% and EBITDA guidance by about 19% at the midpoint. The balance sheet remains pristine with 0.3x net leverage and $167M in free cash flow, providing ample firepower for the pending $295M Epsilon acquisition. This print affirms the thesis and materially de-risks the growth story.