SOLV Energy Q2 Revenue Jumps 77% to $951M; Raises Full-Year Guidance
MWH sits 34% above its 52-week low of $23.83.
Summary
SOLV Energy reported Q2 2026 revenue of $951 million, up 77% year over year, and raised full-year guidance. Net income was $67 million, and backlog grew 44% to $8.9 billion.
Key Events · Earnings and Guidance · MWH
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Record Q2 Revenue
Revenue of $951 million, up 77% year over year, driven by new construction activity and M&A contribution.
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Raised Full-Year Guidance
Full-year 2026 revenue guidance raised to $3,870-$3,970 million and adjusted EBITDA to $485-$505 million, up from $3,720-$3,820 million and $435-$455 million previously.
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Backlog Growth
Total backlog of approximately $8.9 billion as of June 30, 2026, up 44% year over year.
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Roberson Waite Acquisition Closed
Completed acquisition of Roberson Waite Electric on July 1, 2026 for $40.9 million cash plus up to $9.0 million earnout, expanding substation construction capabilities.
Analysis · MWH · Real Estate & Construction
Record second-quarter results put SOLV Energy on a stronger footing, with revenue up 77% year over year to $951 million on robust construction activity and M&A. Net income climbed to $67 million from $45 million a year earlier, while adjusted EBITDA reached $117 million. The company also lifted its full-year 2026 guidance for revenue and adjusted EBITDA, reflecting momentum and the Roberson Waite Electric acquisition. Backlog grew 44% to $8.9 billion, underpinning future growth. With the stock at $32.02, well below the $36 IPO price from May, these strong results and raised outlook could help narrow that gap.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1605 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, MWH was trading at $32.02 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $6.3B. The 52-week trading range was $23.83 to $48.40. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.