Stantec Q2 2026: Revenue up 11.5%, backlog hits record C$9.2B, raises EBITDA margin outlook
STN is trading near its 52-week low of $66.26 (13% above the low).
Summary
Stantec reported strong Q2 2026 results with double-digit revenue and adjusted EBITDA growth, raised its full-year margin guidance, and announced a record backlog of C$9.2 billion.
Key Events · Earnings and Guidance · STN
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Q2 Revenue and Earnings Beat
Net revenue rose 11.5% to C$1.78 billion; adjusted EPS of C$1.61 beat expectations, up 18.4% year-over-year.
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Record Backlog of C$9.2B
Contract backlog increased 17.5% year-over-year to C$9.2 billion, representing approximately 13 months of work.
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Raised 2026 EBITDA Margin Guidance
Adjusted EBITDA margin guidance raised to 17.8%-18.3% from 17.6%-18.2%, reflecting strong project margins and cost management.
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Acquisition of Niche
Acquired Niche, a 200-person Australian engineering and environmental consultancy, on July 31, 2026, bolstering Environmental Services.
Analysis · STN · Trade & Services
Stantec delivered strong Q2 2026 results with net revenue up 11.5% to C$1.78 billion and adjusted EBITDA up 17.1% to C$332.9 million. The company raised its full-year adjusted EBITDA margin guidance to 17.8%-18.3%, reflecting improved project execution and cost management. Contract backlog reached a record C$9.2 billion, up 17.5% year-over-year, providing strong revenue visibility. The acquisition of Niche in Australia further expands its Environmental Services footprint. These results confirm the company's growth trajectory and margin expansion, supporting a positive outlook for the remainder of 2026.
At the time of this filing, STN was trading at $74.60 on NYSE in the Trade & Services sector, with a market capitalization of approximately $8.5B. The 52-week trading range was $66.26 to $114.52. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.