EMCOR Posts Record Q2: Revenue +20%, EPS +35%, Raises Full-Year Guidance
EME sits 35% above its 52-week low of $564.92.
Summary
EMCOR reported record Q2 2026 results with revenue of $5.15 billion and diluted EPS of $9.06, both beating consensus. The company raised full-year guidance, citing strong demand and record backlog.
Key Events · Earnings and Guidance · EME
-
Record Q2 Revenue and Earnings
Revenue of $5.15 billion, up 19.8% YoY, and diluted EPS of $9.06, up 34.8% YoY, both quarterly records.
-
Raised Full-Year Guidance
2026 revenue guidance raised to $20.00–$20.50 billion (from $18.50–$19.25 billion) and diluted EPS to $32.00–$33.25 (from $28.25–$29.75).
-
Record Backlog
Remaining performance obligations reached a record $17.14 billion, up 43.9% YoY, providing strong revenue visibility.
-
Broad-Based Strength
All U.S. segments posted revenue and operating income growth, with electrical construction and mechanical construction leading the way.
Analysis · EME · Real Estate & Construction
A standout quarter saw EMCOR beat consensus on both revenue and earnings by wide margins. Revenue hit $5.15 billion, up nearly 20% year-over-year, while diluted EPS surged 35% to $9.06. The company also raised its full-year revenue and EPS guidance significantly, signaling confidence in sustained demand across its key end markets. Record remaining performance obligations of $17.1 billion provide strong visibility into future revenue. This is a clear positive signal for the stock, reflecting robust execution and a favorable macro environment for construction and facilities services.
At the time of this filing, EME was trading at $763.90 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $29.9B. The 52-week trading range was $564.92 to $951.96. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.