SOLV Energy Q2 Revenue Soars 77%, Raises Full-Year Outlook
MWH sits 34% above its 52-week low of $23.83.
Summary
SOLV Energy reported Q2 revenue of $951 million, up 77% year over year, driven by new construction activity and acquisitions. Net income was $67 million and gross profit $140 million. The company raised full-year 2026 revenue guidance to $3.87-$3.97 billion and adjusted EBITDA to $485-$505 million, but lowered adjusted gross margin guidance to 16.0%-16.6% due to compensation reclassification and absence of large repair projects. This follows the May upsized offering at $36 per share and the June announcement of 4 GW of solar and battery projects. The raised guidance and strong revenue growth are material for a company with a $6.3 billion market cap. Watch for margin pressure from the compensation reclassification and integration of the Roberson Waite Electric acquisition.
Updates
· SEC 10-Q — Material weaknesses in internal controls persist; disclosure controls ineffective as of June 30, 2026.
At the time of this announcement, MWH was trading at $31.85 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $6.3B. The 52-week trading range was $23.83 to $48.40. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.