APi Group Q2 revenue beats estimates; raises 2026 outlook

APi

30/07/2026 12:55

Overview
US business services firm's Q2 revenue rose 13%, beating analyst expectations
Adjusted EPS for Q2 increased 13% and beat analyst expectations
Company raised full-year 2026 guidance for net revenues and adjusted EBITDA

Outlook
APi raises full-year 2026 net revenue guidance to $8.875-$9.025 bln
Company lifts full-year 2026 adjusted EBITDA forecast to $1.205-$1.245 bln
APi expects Q3 net revenues of $2.375-$2.425 bln and adjusted EBITDA of $325-$335 mln

Result Drivers
INSPECTION, SERVICE & MONITORING GROWTH - Co said Q2 revenue growth was driven by continued strength in inspection, service, and monitoring revenues
PROJECT ACTIVITY - Robust project activity contributed to revenue growth in both Safety Services and Specialty Services segments
PRICING & DISCIPLINED SELECTION - Margin expansion was attributed to pricing improvements and disciplined customer and project selection

Company press release: ID:nBw4MVvtma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$2.25 bln
$2.20 bln (11 Analysts)
Q2 Adjusted EPS
Beat
$0.44
$0.43 (11 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy."
Wall Street's median 12-month price target for APi Group Corp is $53.00, about 37.8% above its July 29 closing price of $38.45
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 24 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)