Sterling Posts Record Q3: Revenue Up 127%, EPS $6.92, Raises 2026 Guidance
STRL sits 47% above its 52-week low of $281.575 on elevated volume (2.1× avg).
Summary
Sterling reported record Q3 2026 results — revenue up 127% to $1.56 billion and adjusted diluted EPS up 118% to $7.58 — and raised full-year 2026 guidance to $21.70-$21.96 adjusted EPS.
Key Events · Earnings and Guidance · STRL
-
Record Q3 With Revenue Up 127%
Revenue reached $1.56 billion versus $689.0 million a year earlier, with organic growth of about 70%; net income was $214.9 million, or $6.92 per diluted share.
-
Adjusted EPS and EBITDA Surge
Adjusted diluted EPS rose 118% to $7.58 and adjusted EBITDA rose 117% to $337.8 million, a 21.6% adjusted EBITDA margin.
-
Full-Year 2026 Guidance Raised
Guidance now calls for revenue of $4.63-$4.73 billion, diluted EPS of $19.16-$19.42 and adjusted diluted EPS of $21.70-$21.96, roughly 101% adjusted EPS growth at the midpoint.
-
Backlog and Scoped Work Expand
Signed backlog was $4.14 billion (+61%) and combined backlog $6.14 billion (+78%); total scoped work including next phases in design is about $8 billion, up roughly 90% year-over-year.
Analysis · STRL · Real Estate & Construction
Sterling nearly doubled revenue to $1.56 billion and grew adjusted diluted EPS 118% to $7.58, then raised full-year guidance to $21.70-$21.96 adjusted EPS at the midpoint. Data-center and semiconductor site work drove the demand: E-Infrastructure revenue rose 212% and combined backlog reached $6.14 billion, up 78%. The one soft spot is Building Solutions, where operating income fell 47% on weaker homebuilder activity. At roughly $414 a share, the raised guidance implies about $21.83 adjusted EPS at the midpoint, so the stock is being asked to hold a rich multiple on accelerating but increasingly concentrated mission-critical exposure.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 39% of the 991 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, STRL was trading at $414.29 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $11.9B. The 52-week trading range was $281.58 to $1,005.68. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.